United States v. Forrest

FOR THE MIDDLE DISTRICT OF PENNSYLVANIA UNITED STATES OF AMERICA, : CIVIL NO. 1:19-CV-564 : Plaintiff, : : v. : : (Magistrate Judge Carlson) JOSEPH FORREST, : : Defendant. : MEMORANDUM OPINION I. Introduction Collateral is the lifeblood of commerce. By pledging collateral borrowers and businesspeople can secure much needed cash flow financing that is essential to their endeavors. By accepting collateral to secure loans, leases and other financial transactions lenders and landlords can protect their investments and minimize their future financial risk in the event of default. Given the crucial…