White Collar

  • December 2, 2016

    FCPA Risk Decreases In Russia, Estonia, Report Shows

    Doing business in Estonia, and to a lesser extent in Russia, now poses a lower risk of Foreign Corrupt Practices Act liability than two years ago, an anti-bribery group has reported.

  • December 2, 2016

    Sports Trainer Can't Exit Ballplayer Smuggling Case

    A Florida federal judge refused on Friday to dismiss an indictment against a sports trainer who is accused of conspiring with a sports agent on a nearly $16 million scheme to smuggle Cuban baseball players from their home country to the U.S.

  • December 2, 2016

    Ex-Mo. Car Dealership Manager Indicted On Fraud Charges

    The former manager of a car dealership just outside of St. Louis is facing charges of being involved in a scheme to obtain thousands of dollars in fraudulent proceeds, causing nearly $2 million in losses to the dealership, federal prosecutors announced Friday.

  • December 2, 2016

    Salvage Co. Head Gets Stint In Lockup For Violating CAA

    The owner of a Kentucky salvage company has been sentenced to 90 days behind bars for violating the Clean Air Act by having employees demolish an asbestos-laden former Goodyear tire plant without required safety precautions, federal prosecutors said Friday.

  • December 2, 2016

    United Reaches $2.4M SEC Deal In Airline Bribery Scheme

    The U.S. Securities and Exchange Commission announced Friday that the parent company of United Airlines Inc. agreed to pay $2.4 million to settle charges that the airline reinstated a money-losing flight route to curry favor with a former New Jersey official looking for more convenient trips to a vacation house.

  • December 2, 2016

    Fla. Man Gets 150 Months For Gov't Bond Fraud Scheme

    A Florida man was sentenced Friday to 12 years and six months in federal prison and ordered to pay more than $4 million for defrauding federal agencies by issuing worthless bonds used to insure government construction projects, the U.S. Department of Justice announced.

  • December 2, 2016

    Fla. Court Upholds New Trial Order For Allied Vets Atty

    A Florida appeals court has upheld its ruling ordering a new trial for a lawyer convicted of helping Allied Veterans of the World run a $300 million illegal gambling ring, rejecting Attorney General Pam Bondi's request for a rehearing.

  • December 2, 2016

    Gov't Ordered To Detail Allegedly Illegal Dean Foods Trades

    A Manhattan federal judge on Friday told prosecutors seeking to put businessman William T. Walters behind bars for an alleged $43 million Dean Foods Co. insider trading scheme to describe which trades they deem to be illegal — and to search U.S. Securities and Exchange Commission notes for exculpatory material.

  • December 2, 2016

    Ex-Credit Union CEO Gets Up To 20 Years For $1.9M Theft

    The former head of a now-defunct Michigan credit union on Thursday was sentenced to up to 20 years in prison and will have to pay back the $1.9 million she stole from her business to fund personal purchases and vacations, the state’s attorney general said.

  • December 2, 2016

    Norway Appeals Jury Acquits Ex-Yara CEO Of Corruption

    The former CEO of Yara International, a fertilizer company whose largest shareholder is the Norwegian government, had his conviction for bribery of Indian and Libyan officials reversed by an appeals court jury in Oslo on Friday, according to published reports.

  • December 2, 2016

    Rogue Traders To Face Fines Of Up To $5M, CME Group Says

    CME Group Inc. announced Thursday it will fight rogue traders and illegal market spoofing activity by amending its rules on business conduct, saying it will raise disciplinary panels’ ability to fine wrongdoers by as much as $5 million per offense.

  • December 2, 2016

    Stanford Investors Say SEI Enabled Ponzi Scheme

    Retirees who lost money in Robert Allen Stanford's massive Ponzi scheme targeted the bank’s investment processor SEI Investments Co. in Louisiana federal court Thursday, alleging it ignored signs that $7 billion of investments were actually worthless in order to turn a profit.

  • December 2, 2016

    Chicago Trader Cops To Pilfering $9M In Ponzi-Like Scheme

    A Chicago trader who ran an operation "akin to a Ponzi scheme" has pled guilty to a single count of wire fraud for cheating investors out of $9 million by promising he would invest money that he instead traded on and pocketed, according to an order entered in Illinois federal court.

  • December 2, 2016

    Plaintiffs Seek Consolidation In Meningitis Outbreak Case

    Four patients and four relatives of deceased victims asked a federal judge Thursday to consolidate their cases against a Maryland surgery center that allegedly injected them with meningitis-tainted steroids connected to a Massachusetts pharmacy.

  • December 2, 2016

    NJ Judge Denies Special Prosecutor Bid In Christie GWB Case

    A New Jersey state judge on Friday rejected a bid by a local political activist to have a special prosecutor appointed to handle his criminal complaint accusing Gov. Chris Christie of official misconduct in connection with politically motivated lane closures at the George Washington Bridge.

  • December 2, 2016

    5 Insights From Airbus Group's Joshua Walker

    Technology so quickly outpaces regulation, and it’s imperative governments at every level find that sweet spot where the public is reasonably protected but innovation isn’t stifled. If the U.S. doesn’t get this balance right, other governments will, says Joshua Walker, general counsel and project executive for A3 by Airbus Group.

  • December 1, 2016

    McDonnell Doesn’t Help Magnate In UN Bribery Suit, Feds Say

    U.S. Attorney Preet Bharara’s office urged a New York federal judge on Wednesday not to toss charges against a Chinese real estate magnate accused of bribing United Nations officials to move an annual conference to his property in Macau, saying its allegations rest on solid footing even after a Supreme Court ruling that raised the bar for prosecuting corruption.

  • December 1, 2016

    21 At Texas Med. Center Charged In Massive Bribery Scheme

    Nearly two dozen founders of and investors in a physician-owned health care facility in Dallas have been charged in connection with roughly $40 million in bribes and kickbacks paid for patient referrals, according to a federal indictment unsealed Thursday in Texas federal court.

  • December 1, 2016

    New Warrant Power Amplifies Need For Strong Data Security

    A rule change that allows courts to issue broader warrants for access to electronic communications took effect Thursday amid concerns that the measure will invite law enforcement snooping in the name of pursuing hackers, turning up pressure on companies not to fall prey to the types of cyberattacks that invite prying eyes.

  • December 1, 2016

    NJ Woman Admits Role In $1M DNA Testing Medicare Fraud

    A New Jersey woman on Thursday admitted in federal court that she engaged in a $1 million Medicare fraud scheme that involved convincing seniors to submit to unnecessary genetic testing, offering kickbacks to physicians to authorize the tests and unlawfully accessing victims' private health care information.

Expert Analysis

  • Rakoff Addresses Tippee Liability In SEC V. Payton

    Jonathan E. Richman

    U.S. District Judge Jed Rakoff in U.S. Securities and Exchange Commission v. Payton recently denied a motion for a new trial by two remote tippees found guilty of insider trading. An interesting aspect of the decision is the court’s treatment of whether the tippees knew or should have known that the tipper had breached his duty of confidentiality, says Jonathan Richman of Proskauer Rose LLP.

  • Inside World Bank’s New Report On Fraud And Corruption

    Jonathan Poling

    The World Bank Integrity Vice Presidency's recently released annual report is a helpful document that provides parties participating in contracts involving World Bank financing with insight into the types of investigations handled by the bank, the investigation and sanctions process, and investigation and enforcement priorities for the coming year, say attorneys with Akin Gump Strauss Hauer & Feld LLP.

  • The Ethical Risks Of A Multijurisdictional Practice

    Melinda Gentile

    As law firms and clients conduct more business on a regional or national scale, multijurisdictional practice is becoming more prevalent for practicing attorneys. Attorneys engaged in both private practice and as in-house counsel need to be aware of the ethical risks of practicing across jurisdictions — including the implications of engaging in the unauthorized practice of law, say Melinda Gentile and Monique Cardenas of Peckar & Abramson PC.

  • Conflicting Agency Guidance On Confidentiality Policies

    Celina Joachim

    In recent months, agencies not traditionally involved in the labor and employment realm have issued guidance impacting future iterations of employee handbook and code of conduct policies. Along with the guidance comes substantially higher consequences for failure to comply, including potential criminal prosecution, say Celina Joachim and Ryan Vann of Baker & McKenzie LLP.

  • How Law Firms Are Using Analytics To Reduce Write-Offs

    Haley Altman

    It is increasingly necessary for law firms to implement strategies to improve efficiency, staffing and value to meet client needs. Haley Altman, CEO and co-founder of Doxly Inc., discusses how to successfully leverage analytical tools and emerging technology to increase profitability.

  • FinCEN Cybercrime Advisory Expands SAR Requirements

    Carlton Greene

    Some of the expectations in the Financial Crimes Enforcement Network’s recently issued cybercrime advisory are likely to be new to most financial institutions, and have the potential to increase suspicious activity reporting burdens substantially, both by expanding the types of events that must be reported and by expanding the types of information that must be gathered, say attorneys with Crowell & Moring LLP.

  • A Review Of Key Cases Against Executives In Q3

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    Attorneys with Miller & Chevalier Chtd. highlight the third quarter’s most significant cases and government investigations impacting corporate executives.

  • REVIEW: The Missing American Jury

    Judge William Young

    Face it, the American jury system is dying. The arguments Professor Suja Thomas makes in her new book deserve consideration by everyone interested in how our government actually works and how it might recapture the unifying communitarian experience of direct democracy and actual trial by one’s peers, says U.S. District Court Judge William Young of the District of Massachusetts.

  • Tenet Case Signals Shift In Health Care Fraud Enforcement

    Demme Doufekias

    Tenet Healthcare's recent $513 million settlement is an important development for health care companies because it demonstrates the impact of the U.S. Department of Justice’s expanded resources and nationwide focus on combating corporate health care fraud, say Demme Doufekias and Sandeep Nandivada of Morrison & Foerster LLP.

  • How To Approach Claims Of Financial Statement Manipulation

    Michael Braverman

    When a company announces that it is restating its financial statements, questions quickly arise as to how and why this occurred: Was it due to an error or was there a deliberate attempt to deceive investors? Michael Braverman and Christopher Ekimoff of Resolution Economics LLC discuss certain considerations and nuances that are germane to the evaluation of accounting irregularities, including the subjective nature of relevant fact... (continued)