Pittsburgh Post-Gazette

Justices could limit fraud case recoveries


The Supreme Court on Tuesday seemed willing to make it tougher for the government to recover ill-gotten gains from people convicted of securities fraud. Most of the justices — including newly confirmed Justice Neil Gorsuch — suggested during arguments that such recoveries are subject to a strict five-year statute of limitation­s.That could prevent the Securities and Exchange Commission from collecting huge amounts of money in many cases where the alleged fraud goes back years or decades before officials bring charges.

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