WASHINGTON -- A federal judge in Los Angeles recently made it harder for the government to impose civil money penalties on officers and directors accused of bank fraud.

U.S. District Judge Mariana R. Pfaelzer ruled from the bench Oct. 3 that the government cannot try someone first for bank fraud and then initiate a subsequent proceeding to collect civil money penalties if both prosecutions originate from the same alleged crime, according to attorneys involved.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.