{"id":114838,"date":"2021-05-24T17:53:00","date_gmt":"2021-05-24T17:53:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2874087"},"modified":"2021-05-24T17:53:00","modified_gmt":"2021-05-24T17:53:00","slug":"pennsylvania-appeals-court-invites-criminals-to-launder-their-ill-gotten-gains-through-courts-in-equity","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/05\/24\/pennsylvania-appeals-court-invites-criminals-to-launder-their-ill-gotten-gains-through-courts-in-equity\/","title":{"rendered":"PENNSYLVANIA APPEALS COURT INVITES CRIMINALS TO LAUNDER THEIR ILL-GOTTEN GAINS THROUGH COURTS IN EQUITY"},"content":{"rendered":"

Pittsburgh, Pennsylvania, May 24, 2021–\u00a0 Government Misconduct Investigations Corp. announced that on May 21, 2021, the Superior Court of Pennsylvania, rendered a disturbing ruling binding on Pennsylvania courts that enterprises defending so-called equitable claims cannot inquire or mention the criminal source of the funds.\u00a0 Superior Court judges Victor P. Stabile, Megan McCarthy King, and Jacqueline O. Shogan held, \u201c[U-Lock] alleged that the funds [Christine Biros] used to pay for the property were derived from illicit gambling activity\u2026 . \u00a0 Whatever the source of [Biros\u2019] funds, she pled and proved that she paid for the Property expecting repayment\u2026 .\u201d\u00a0 The court concluded, \u201c[T]he source of [Biros\u2019] funds has no obvious bearing on the equities of the parties to this case.\u201d\u00a0 The ruling ignored several clear money laundering red flags that they themselves mentioned including over $300,000 changing hands with parties that \u201cnever agreed to the terms of repayment\u201d and that Biros provided the large amount of funds \u201cat the behest of her brother.\u201d\u00a0 The appeals court created the new rule in <\/span>Christine Biros v. U-Lock<\/span><\/em>, Case 1841 WD 2019, and made it precedental, forcing all county courts in Pennsylvania to follow it.\u00a0 The decision can be found here:\u00a0 <\/span>https:\/\/www.tinyurl.com\/biros<\/span><\/a><\/p>\n

The decision of Pennsylvania Superior Court Judges Stabile, King, and Shogan now makes it impossible, where criminal funds were used to make loans and investments, to raise the issue in Pennsylvania civil court proceedings.\u00a0 \u201cThis shocking rule encourages launderers to make loans without terms, keep their investment secret, and then use the courts to quietly nab properties even without any <\/span>bona fide <\/span><\/em>contract of any kind,\u201d said Angel Corea, Director of Government Misconduct Investigations Corp.\u00a0 \u201cPennsylvania courts now have to transfer properties based on unsecured loans with tainted money even with no terms agreed upon,\u201d Corea continued.<\/span><\/p>\n

The background of the alleged illicit nature of the funds derives from Pennsylvania Attorney General, Josh Shapiro\u2019s announcement on July 26, 2018 that it shut down a large scale gambling operation involving Christine Biros.\u00a0 Shapiro stated, \u201c<\/span>[W]e\u2019ve ended an illegal video gambling operation run by one family for over three decades.\u00a0 The [Biros Family] raked in millions of dollars in illegal profits, draining money from Pennsylvanians \u2013 and from the Commonwealth of Pennsylvania. These video poker machines \u2013 with the lure of the cash payout \u2013 are illegal gambling devices.\u201d\u00a0 Shapiro further stated, \u201cThe family was trying to shield Christine Biros from the illegal operation because she was the public face of their attempted investment[s.]\u201d\u00a0<\/span><\/p>\n

Shapiro attested that the investigation began in 2011 when Pennsylvania State Police seized eight illegal video gambling machines belonging to the Biros family.\u00a0 Following several more seizures, surveillance of the family, and continued investigation, agents executed a search warrant in 2015 on the Biros residence, and 18 Pennsylvania bars and clubs. Agents seized more than $140,000 in cash from the residence and approximately 100 illegal video gambling machines from various bars and clubs. Shapiro noted, \u201cAs part of the Biros\u2019 video poker operation, bars and clubs made illegal cash payouts to players who won credits on their machines.\u00a0 <\/span>https:\/\/www.tinyurl.com\/biros2<\/span><\/a><\/p>\n

U-Lock lost its property notwithstanding never having a chance to pay Biros, never having the terms of the loan set, and not being able to demonstrate the alleged tainted nature of the funds.\u00a0 Government Misconduct Investigations Corp. warned that the decision\u2019s precedential nature places all citizens at risk of losing their property to criminals with little ability to defend.<\/span><\/p>\n

Tags: real estate<\/a>, appeals court<\/a>, superior court of Pennsylvania<\/a>, Gambling<\/a>, Money Laundering<\/a>, biros<\/a> <\/p>\n

See Campaign: <\/strong>http:\/\/www.governmentmisconduct.com<\/a>
Contact Information:<\/b>
Government Misconduct Investigations Corp. Tel. 833-929-2990 Fax. 833-928-0900 press@governmentmisconduct.com<\/a> <\/p>\n

Tags:<\/b>
<\/a>, Financial Content<\/a>, Google News<\/a>, Menafn<\/a>, Reportedtimes<\/a>, IPS<\/a>, iCN Internal Distribution<\/a>, Legal Newswire<\/a>, Real estate transactions<\/a>, White-collar crime and investigations<\/a>, Legal Ethics<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

Government Misconduct Investigations Corp.
Tel. 833-929-2990
Fax. 833-928-0900
press@governmentmisconduct.com<\/a> <\/p>\n<\/p>\n<\/div>\n

The post PENNSYLVANIA APPEALS COURT INVITES CRIMINALS TO LAUNDER THEIR ILL-GOTTEN GAINS THROUGH COURTS IN EQUITY<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pittsburgh, Pennsylvania, May 24, 2021–  Government Misconduct Investigations Corp. announced that on May 21, 2021, the Superior Court of Pennsylvania, rendered a disturbing ruling binding on Pennsylvania courts that enterprises defending so-called equitable claims cannot inquire or mention the criminal source of the funds.  Superior Court judges Victor P. Stabile, Megan McCarthy King, and Jacqueline […]<\/p>\n

The post PENNSYLVANIA APPEALS COURT INVITES CRIMINALS TO LAUNDER THEIR ILL-GOTTEN GAINS THROUGH COURTS IN EQUITY<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n

Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":291,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-114838","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\nPENNSYLVANIA APPEALS COURT INVITES CRIMINALS TO LAUNDER THEIR ILL-GOTTEN GAINS THROUGH COURTS IN EQUITY - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2021\/05\/24\/pennsylvania-appeals-court-invites-criminals-to-launder-their-ill-gotten-gains-through-courts-in-equity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PENNSYLVANIA APPEALS COURT INVITES CRIMINALS TO LAUNDER THEIR ILL-GOTTEN GAINS THROUGH COURTS IN EQUITY - Business\" \/>\n<meta property=\"og:description\" content=\"Pittsburgh, Pennsylvania, May 24, 2021–  Government Misconduct Investigations Corp. announced that on May 21, 2021, the Superior Court of Pennsylvania, rendered a disturbing ruling binding on Pennsylvania courts that enterprises defending so-called equitable claims cannot inquire or mention the criminal source of the funds.  Superior Court judges Victor P. 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