On January 23, BPI submitted a motion for leave to file an amicus curiae brief with the U.S. District Court for the Northern District Court of Illinois in US v. Vorley and Chanu. The Court granted BPI’s motion on January 24, and the amicus curiae brief was filed on February 6. The motion encourages the court to reaffirm appropriate limits on wire fraud liability under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, noting that actions that do not involve a false or misleading statement cannot be prosecuted under the wire fraud law, which requires proof of a material factual misrepresentation.
BPI Files Amicus Brief in US v. Vorley and Chanu
