On This Day - What happened 23 May 2016 AD

On May 23, 2016, Chumlee was charged with 20 felony counts, including drug and weapons charges. David Chesnoff, Russell's lawyer, confirmed that the reality TV star pled guilty to a felony weapons charge (unlawful possession of a firearm) and a gross misdemeanor of attempted drug possession in a deal which calls for three years of probation and counseling.

On May 23, 2016, the Second U.S. Circuit Court of Appeals ruled that the finding of fact by the jury that low-quality mortgages were supplied by Countrywide to Fannie Mae and Freddie Mac in the "Hustle" case supported only "intentional breach of contract", not a fraud. The action, for civil fraud, relied on provisions of the Financial Institutions Reform, Recovery, and Enforcement Act. The decision turned on lack of intent to defraud at the time the contract to supply mortgages was made.