Federal Prosecutors Seek Convicted Financier's Tax Refund
Prosecutors also questioned whether Illarramendi and his wife are entitled to any of the tax refund and said there's an asset freeze in place.
Stephan Seeger, Illarramendi's attorney, said he didn't object to the court deposit, but he disputes the government's loss figures.
"We hope to illustrate the difference to the court at our first opportunity, and until then, Mr. Illarramendi's claims to his income tax return, or any asset unrelated to his charged conduct, are preserved and he will assert them in the normal course," Seeger wrote in an email. "Depending upon how the law is applied in this case, the loss to victims could actually be zero."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts