Former CIA Director David H. Petraeus has pled guilty to a federal charge of giving classified information on the war in Afghanistan to his mistress and biographer Paula Broadwell during his time at the intelligence agency's helm, court documents filed on Tuesday show.
The U.S. Supreme Court’s decision to hear an appeal by a Baltimore police officer convicted of taking kickbacks could make it more difficult for prosecutors to charge people who bribe public officials under the Hobbs Act, a favored tool in state and local corruption cases.
A federal judge sentenced an employee of multinational construction and engineering company Day & Zimmerman LLC to nine years in prison Monday following his December conviction for using a shell company to engage in two schemes, one of which defrauded a military subcontractor of $600,000.
As the Second Circuit mulls appeals of its recent decision on the limits of insider-trading convictions, Preet Bharara's office has asked the SEC to hold off for three more months on an administrative proceeding against SAC Capital Advisors' Steve Cohen, according to a letter obtained by Law360.
A Florida federal judge has sentenced two former employees of a defunct Miami mental health care provider to six years each in prison for their roles in a $63 million Medicare and Medicaid fraud and kickback scheme, the Department of Justice announced on Friday.
March could be a cruel month for former Wilmington Trust Co. officers if a federal probe into what prosecutors have called a "bank-wide scheme” to conceal past due and non-performing real estate loans in a portfolio exceeding $1.7 billion bears fruit.
A top Brooklyn federal prosecutor has left her position for white collar shop Debevoise & Plimpton LLP, the firm confirmed on Monday.
Ballard Spahr LLP has lured a former Las Vegas chief deputy district attorney who's well-known for his high-profile work in white collar criminal defense, product liability, insurance and health law to become a new partner in its Phoenix office.
The Pennsylvania Supreme Court unsealed documents on Monday showing that it accepted an appeal in December over whether attorneys for nonprofit entities have a duty to disclose suspicions of illegal activity by their clients to the state’s Office of Attorney General.
An ex-Philadelphia Traffic Court judge convicted of perjury and sentenced to a 20-month prison term for his role in a scheme to fix traffic tickets for friends, relatives and the politically connected is asking to be released from jail while he pursues an appeal.
The Eighth Circuit has revived claims that Associated Bank NA aided in part of a $190 million Ponzi scheme, saying the contention that Associated gave “substantial assistance” in the scheme was, in fact, adequately pled.
A Manhattan federal judge said Monday that Dinesh D’Souza must complete his time in a San Diego, California, halfway house before the controversial pundit, who is serving a probationary sentence after admitting to violating federal campaign finance law, can have his request to travel to India considered.
The U.S. Securities and Exchange Commission asked a Pennsylvania federal judge Friday to punish a former Ameriprise Financial Services Inc. adviser — who has already been convicted for insider trading — along with a colleague for using confidential information to buy stock in an insurance company.
Responding to what he called the Second Circuit’s “ill-advised” Newman decision and the lack of “clear-cut” laws governing insider trading, Rep. Stephen F. Lynch, D-Mass., on Friday introduced a bill to make it a federal crime to purchase or sell securities based on material inside information.
The U.S. Supreme Court has agreed to hear an appeal from a Baltimore police officer convicted for his role in a kickback scheme, who argues that in order to sustain a conspiracy charge, the government must allege the conspirators agreed to obtain property from someone outside the conspiracy.
A federal grand jury on Thursday indicted the former head of a Pittsburgh-area hospice on a count of health care fraud in connection with improper Medicare and Medicaid billings for patients who were not actually terminally ill.
Former New Jersey Democratic power broker Joseph A. Ferriero on Friday failed to nix damaging, surprise testimony in his bribery and racketeering trial from a onetime mayor who said the attorney pressured him to raise political funds as contrition for seeking a legislative seat without his permission.
A onetime adviser to former Texas Lt. Gov. David Dewhurst was handed a seven-year prison sentence on Friday after admitting to charges of wire fraud, making a false tax return and embezzling more than $2.5 million in campaign funds.
A coming New York state proposal to require top bank executives to personally attest to the quality of their institutions’ anti-money-laundering policies represents a major escalation of pressure on firms to prevent financial crimes that will be closely watched by other regulators, experts say.
A New York man who pled guilty to attempting to defraud Medicare of $3.3 million through a false billing scheme was sentenced Friday to over seven years in prison, according to a statement released by the U.S. Department of Justice.
The U.S. Department of Justice has yet to extradite a single executive in the auto parts investigation who refuses to voluntarily enter the United States to face charges. As a result, foreign executives from certain countries — particularly in Asia — who refuse to plead guilty may be beyond the reach of U.S. prosecutors, say attorneys with Miller & Chevalier Chtd.
As shown by the D.C. federal court's recent refusal of a deferred prosecution agreement in U.S. v. Fokker Services BV, the government’s blessing is not the last hurdle to resolution of an international corruption investigation, even when a company provides self-disclosure of its conduct, say Thomas Zeno and Rebecca Worthington of Squire Patton Boggs LLP.
The worst way to respond to overcriminalization is for courts artificially to narrow criminal statutes through results-oriented decisions that ignore the plain language of the law and ultimately lead to irrational results. Unfortunately, that’s exactly what the U.S. Supreme Court did last week in Yates v. United States, says Randall Eliason, a law professor and former federal prosecutor.
As the recent Washington Supreme Court case Washington v. Walker illustrates, visual aids such as PowerPoint presentations make it all too tempting to cross the line from persuasive to prejudicial, say Daniel Wenner and Sunita Paknikar of Day Pitney LLP.
In this week's ruling in Yates v. U.S., the U.S. Supreme Court reinforced the principle that the language of a statute must be analyzed in an appropriate context and, more importantly, put a damper on prosecutors’ dangerous trend toward applying certain statutes to criminalize behavior beyond what one would reasonably understand to be prohibited, says Diana Lloyd of Choate Hall & Stewart LLP.
It is clear that at least two U.S. Supreme Court justices are willing to address the issue of deference to the agency interpretation of criminal or hybrid statutes. It is less clear whether the court is interested in curbing the use of administrative adjudication to make law. Both of these trends carry particular importance for the financial services industry, say attorneys with Weiner Brodsky Kider PC.
Chief compliance office liability continues to be one of the hottest topics in the regulatory community. Two recent enforcement actions against anti-money laundering compliance officers not only highlight the issue but also offer a number of lessons for any current or prospective AMLCO, say Emily Gordy and Renée Kramer of Shulman Rogers Gandal Pordy & Ecker PA.
A new, comprehensive report concludes that Africa loses more than $50 billion every year to illicit financial flows. African states are likely to devote increasing resources to the passing of new legislation concerning trade mispricing, transfer pricing and financial transparency obligations in the future, says Stephanie Keene of Covington & Burling LLP.
As difficult as the corruption case against former New York State Assembly Speaker Sheldon Silver might seem, a closer review suggests that Silver and his lawyers may have a shot at a successful defense — particularly in light of the fact that the government at this stage cannot present the testimony of a single witness who has pled guilty to participating in the alleged unlawful “schemes,” says Edward J. Loya Jr., counsel at Venab... (continued)
The Second Circuit's recent ruling in U.S. v. Cuti seems to place a notable limitation on the ability of a victim of white collar crime to recover expenses incurred in the course of investigating and reporting the defendant’s criminal activity. This decision does not take into account how internal investigations are typically conducted when the allegations concern wrongdoing by senior management, say attorneys with Patterson Belkna... (continued)