Legal Opinion
People v. Service Institute, Inc.
New York Supreme Court
Decided October 30, 1979PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
Joseph J asp an, J.
The defendant the Service Institute, Inc., is charged in an indictment with seven counts of criminal usury in the first degree arising out of a series of alleged loans to the Giove Funeral Home, Inc., at a rate of interest in excess of 25% per annum or the equivalent rate for a shorter period as part of a scheme or business of making and collecting usurious loans.
The funeral home, in order to alleviate its cash flow needs, "assigned” to the defendant some of its accounts receivable for which it was paid or credited with an amount equal to 92% of their…
2Cases cited13 opinions
- United States v. ParkSupreme Court of the United States · 1975
- Griffey v. New York Central InsuranceNew York Court of Appeals · 1885
- Farmers' Loan & Trust Co. v. WinthropNew York Court of Appeals · 1924
- Coastal Commercial Corp. v. Samuel Kosoff & Sons, Inc.Appellate Division of the Supreme Court of the State of New York · 1960
- Farmers' Loan & Trust Co. v. WinthropAppellate Division of the Supreme Court of the State of New York · 1923
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3Cited by4 opinions
- United States of America, Appellee/cross-Appellant v. Jerry E. Wells and Kenneth R. Steele, Appellant/cross-AppelleeCourt of Appeals for the Eighth Circuit · 1997
- Hassett v. Bancohio National Bank (In Re CIS Corp.)District Court, S.D. New York · 1994
- European American Bank v. Sackman Mortgage Corp. (In Re Sackman Mortgage Corp.)United States Bankruptcy Court, S.D. New York · 1993
- United States v. Jerry E. WellsCourt of Appeals for the Eighth Circuit · 1997