United States v. Ionia Management, S.A.

RULING AND ORDER ON DEFENDANT’S MOTION TO SET ASIDE PENALTY ASSESSMENT

JANET BOND ARTERTON, District Judge.

Defendant Ionia Management, S.A. (“Io-nia”) once again seeks to delay its criminal monetary obligations, this time by moving to set aside the ten-percent penalty accrued pursuant to 18 U.S.C. § 3612(g). 1 While Ionia represents that it “has raised the $1,225,000 required to meet the first installment payment, but has not been able to raise the additional half-million dollars required by the Court’s orders in the one business day it has had in Greece since entry of those orders” (Def.’s…