Honest Services Charges Survive In CDR Bid-Rigging Case

Law360, New York (July 20, 2011, 7:26 PM EDT) -- A federal judge in New York on Wednesday refused to throw out honest services fraud charges against three executives of Rubin/Chambers Dunhill Insurance Services Inc. in a bid-rigging and market manipulation case, but did dismiss part of the bank fraud charges they face.

The brokerage firm, known as CDR, is accused along with its executives of secretly manipulating and controlling competitive municipal bond bidding processes to line their pockets at the expense of government and tax authorities.

The executives, President David Rubin, Chief Financial Officer Zevi...
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