The Sixth Circuit tackled a complex question involving the interpretation and application of Internal Revenue Code Section 1256 as it applies to so-called “major-minor” currency transactions. The term “major-minor” is a reference to the fact that a currency is considered “major” if positions in it are traded through regulated futures contracts and a currency is … Continue Reading
In USA v. Wright today, the Sixth Circuit joined the First, Second, Fourth and Eighth circuits in holding that photographing a minor engaging in sexually explicit conduct suffices for a child pornography conviction under 18 U.S.C. § 2251(a), which provides that “Any person who employs, uses, persuades, induces, entices, or coerces any minor to engage … Continue Reading
