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SCOTUS reverses borrower’s conviction for making ‘false’ statements

A borrower could only be convicted under 18 U.S.C. §1014 of making “false” statements in a Federal Deposit Insurance Corporation collection action based on evidence showing his alleged comments to agents disputing the amounts he borrowed were actually false and not simply “misleading,” the U.S. Supreme Court has ruled.
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Massachusetts Lawyers Weekly broke the news in on Friday, March 21, 2025.
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