Panel Overturns Grant Of New Criminal Trial Over Bond Issuance Scheme

Mealey's (October 9, 2020, 2:06 PM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on Oct. 7 ruled that a federal judge in New York erred in granting a defendant’s motion for a new trial in a criminal action stemming from an illegal bond issuance scheme because the evidence presented at trial did not “preponderate heavily against the jury’s verdict” convicting the defendant on charges of conspiracy to commit securities fraud and securities fraud (United States of America v. Devon Archer, No. 18-3727, 2nd Cir., 2020 U.S. App. LEXIS 31773)....