White Collar RSS

  • April 17, 2014

    W.Va. High Court Allows Recording Of Lawyer Cocaine Deal

    West Virginia’s Supreme Court ruled Thursday that a recording of a conversation in which an attorney sold cocaine to an informant in his law offices was admissible in the criminal case against him, overturning a circuit court decision.

  • April 17, 2014

    NJ Man Guilty Of $200M Ponzi Scheme Faces New Charges

    Federal prosecutors on Wednesday charged a Facebook Inc. initial public offering fraud scheme against a New Jersey man recently sentenced to 22 years in prison for running a real estate investment Ponzi scheme that bilked Orthodox Jewish community members and others out of $200 million.

  • April 17, 2014

    Christie Taps Seton Hall Law Dean As Ombudsman

    New Jersey Gov. Chris Christie on Thursday acted on the recommendation of a Gibson Dunn report clearing him of involvement in "Bridgegate" and appointed the dean of the Seton Hall University School of Law to serve as an ombudsman for the governor's office.

  • April 17, 2014

    RE Investor Cops To Rigging Ga. Foreclosure Sale Bids

    A real estate investor admitted Thursday to participating in a plot to rig bids at public real estate foreclosure auctions in Georgia, the latest guilty plea the U.S. Department of Justice has won in its probe into real estate sales in the Atlanta area.

  • April 17, 2014

    Gupta To Surrender For 2-Year Prison Term In June

    Former Goldman Sachs Group Inc. director Rajat Gupta has two months to surrender himself for his two-year prison sentence on criminal charges of insider trading, a New York district judge ordered Thursday.

  • April 17, 2014

    Player In $11M Ponzi Scheme Gets 25-Year Sentence

    A Texas federal judge on Wednesday handed down a 25-year prison sentence to a key player in an $11 million investment fraud scheme and ordered he pay $6.5 million in restitution, the U.S. Department of Justice announced.

  • April 17, 2014

    Dentons Lands Chief Health Care Fraud Prosecutor

    Dentons has nabbed a top federal prosecutor and health care fraud specialist from the Eastern District of New York to serve as a partner in the firm's health care practice, it announced Wednesday.

  • April 17, 2014

    Convicted CityTime Scammers Denied New Trial

    A federal judge on Thursday refused to order a new trial for two of the three men found guilty of wire fraud, bribery, conspiracy to commit money laundering and other charges after allegedly taking kickbacks in the scandal-plagued CityTime project to modernize New York City’s payroll system.

  • April 17, 2014

    NYC Hotelier Pleads Guilty To Illegal Campaign Donations

    New York business man and hotel magnate Sant Singh Chatwal pled guilty in federal court to making $180,000 in illegal campaign contributions through straw donors and to a charge of witness tampering, U.S. Attorney Loretta E. Lynch’s office said Thursday.

  • April 17, 2014

    Paterno Estate Blasts NCAA's $60M Penn State Penalty

    The estate of former Penn State football coach Joe Paterno defended its suit in state court Wednesday against the NCAA over a $60 million penalty and sanctions imposed in the wake of the Jerry Sandusky scandal, arguing that the association violated its own rules and flouted the law.

  • April 17, 2014

    Rajaratnam Tax Shelter Firm Can't Get Help Paying $5M Award

    A New York judge on Wednesday tossed a lawsuit by tax firm Diversified Group Inc. that had hoped to force accountants and tax attorneys to help pay a $5 million arbitration award against Diversified for selling illegal tax shelters to notorious inside trader Raj Rajaratnam.

  • April 16, 2014

    Ex-Stryker, Sanofi Execs Sentenced For Insider Trading

    Two former executives of Sanofi-Aventis and Stryker Corp. were sentenced on Wednesday to a combination of prison time, supervised release and house arrest after pleading guilty in New Jersey federal court to using nonpublic information about their respective employers to fuel an insider trading network.

  • April 16, 2014

    Arnold & Porter Adds National Security Pro From DOJ

    Arnold & Porter LLP said on Wednesday that it had hired a high-ranking U.S. Department of Justice staffer as a partner in the firm's white collar defense and national security practices.

  • April 16, 2014

    Ex-Gore Engineer Arrested Over Trade Secret Theft

    A former W.L. Gore & Associates Inc. engineer facing accusations that he stole trade secrets from the high-tech fabric company was ordered to home confinement on Monday following his arrest while allegedly attempting to flee the country, according to documents filed in Delaware district court.

  • April 16, 2014

    Ex-Bridgestone Exec To Serve 18 Months For Price-Fixing Plot

    A former executive with Bridgestone Corp. will serve 18 months in prison after agreeing to plead guilty to taking part in an international conspiracy to fix prices and rig bids for anti-vibration rubber auto parts, the U.S. Department of Justice announced Wednesday.

  • April 16, 2014

    DOJ Wary Of Offering Bounties To Antitrust Whistleblowers

    Implementing a bounty program for employees blowing the whistle on criminal antitrust behavior could lead to weaker witnesses at cartel trials and to a flood of false leads, a top U.S. Department of Justice official said Wednesday.

  • April 16, 2014

    19-Year-Old Arrested Over Canadian Heartbleed Tax Breach

    Canadian authorities said Wednesday that a 19-year-old London, Ontario, resident has been charged for alleged extraction of private taxpayer information from the Canada Revenue Agency's website through the Heartbleed Bug.

  • April 16, 2014

    UK Court Rejects Madoff Feeder Fund's Clawback Suit

    A U.K. appeals court decided Wednesday that Fairfield Sentry Ltd., which fed billions of investor dollars into Bernard Madoff's notorious Ponzi scheme, couldn't recover payments made to investors who redeemed their shares before the scheme collapsed because certificates documenting the transactions were binding.

  • April 16, 2014

    Lucchese Associate Asks For Mistrial Due To Court Ejection

    A reputed Lucchese crime syndicate associate on Monday sought a mistrial in his prosecution for allegedly draining $12 million from a mortgage lender and forcing its bankruptcy, claiming a New Jersey federal judge infringed his rights and tainted the jury by ejecting him from court.

  • April 16, 2014

    CFTC Demands $645M Penalty For Peregrine Fraud

    The U.S. Commodity Futures Trading Commission asked an Illinois federal court on Wednesday to hit bankrupt Peregrine Financial Group Inc. with a monetary penalty of $645 million, nearly three times the amount of total investor losses from the brokerage firm’s nearly 20-year fraud and embezzlement scheme. 

Expert Analysis

  • The Future Of Law Firm PR: The Good, Bad And Ugly

    Paul Webb

    There has been a dramatic change in how public relations professionals interact with the news media to promote or protect a law firm’s brand and reputation. But content is queen and has a bright future in law firm PR — it all begins with a plan that should include goals, performance indicators and a system of assessment, say Paul Webb, director of marketing at Young Conaway Stargatt & Taylor LLP, and Kathy O'Brien, senior vice president at Jaffe PR.

  • Good News For South Fla. Ponzi Schemers?

    Lawrence A. Kellogg

    In its effort to protect public companies and legitimate businesses in general, the U.S. Supreme Court appears to be overlooking the effect its rulings are having on those for whom the fraud provisions of the securities laws were designed to protect. Should the court ring the death knell on class action securities cases, the South Florida climate for Ponzi schemers and other fraudsters will become better than ever, says Lawrence Kellogg, a founding partner of Levine Kellogg Lehman Schneider & Grossman LLP.

  • What Will Gov't Seek To Prove In Rajaratnam Brother Case?

    Michele Adelman

    More courts than not have found that the government bears the burden of proving that a remote tippee knew that the tipper received some form of personal benefit, so the inevitable question is whether the government will reverse course and seek to prove that Rajarengan Rajaratnam knew that his brother Raj's tippers received a personal benefit, rather than running the risk of having a reversal of any conviction of Rajarengan, says Michele Adelman of Foley Hoag LLP.

  • Beware 'Jewel' Risks In Lateral Partner Hiring

    Pamela Phillips

    Jewel litigation has been filed after every major law firm bankruptcy in the past 10 years, including Lyon & Lyon, Brobeck, Coudert, Thelen, Heller and Howrey. These lawsuits have produced years of litigation, with similar suits expected in the Dewey bankruptcy. Despite the legal uncertainties surrounding such claims, hiring firms can take steps now to minimize their Jewel risk for any lateral hire, say attorneys with Arnold & Porter LLP.

  • Medicare Data Release May Spur Health Care Investigations

    Eric D. Fader

    Some industry observers have speculated that the Centers for Medicare and Medicaid Services' recent release of data on Medicare reimbursement payments to health care providers will result in an increase in whistleblower claims under the False Claims Act. While that remains to be seen, "outlier" providers identified in the data may be wise to prepare for some unwanted attention, say Eric Fader and Elizabeth Kim of Day Pitney LLP.

  • Reading Between The Whistleblower Headlines

    Shanti Atkins

    The meteoric media rise of the “celebrity” whistleblower has shone a spotlight on the practice, with personalities such as Chelsea Manning and Edward Snowden dividing public opinion on the ethics of spilling secrets. But organizations should pay close attention to the surge in this trend beyond the headlines. Remember, whistleblowers don’t need to be popular to be effective, and opinions on their motives and morality are entirely secondary to the critical issues they potentially uncover, says Shanti Atkins of Navex Global.

  • 7th Circ. Ruling May Restrict Int'l Cartel Enforcement

    Alex Bourelly

    What’s next for international cartel cases based on arguments for potential applications of the Foreign Trade Antitrust Improvements Act? Judge Richard Posner and the Seventh Circuit recently gave one answer to that question, and it’s good news for many criminal defendants and potential targets of investigations, say Alex Bourelly and Noah Mink of Baker Botts LLP.

  • Heartbleed Rains On The Legal Cloud Parade

    David Houlihan

    While the actual breaches are unknown, Heartbleed has the potential to expose all of a lawyer's files stored or transmitted online. The bug raises professional responsibility questions and offers confirmation of the greatest anxieties that the legal industry has about online practice. In fact, the timing is poor for many legal tech providers, following a general industry warming to cloud offerings, says David Houlihan of Blue Hill Research Inc.

  • EU Sanctions May Criminalize Some US Business Activity

    Peter McMaster

    Given the extra-territorial character of the European Union's new financial sanctions against targeted Russians and Ukrainians, a person can aid and abet the commission of an offense by taking steps whose only effect is to facilitate a transaction. This places law firms, investment businesses and others engaged in international transactions at risk of accessory liability through their everyday work, says Peter McMaster of Appleby Global Group Services Ltd.

  • What 1st Antitrust Extradition Means For Auto Parts Case

    Jennifer Driscoll-Chippendale

    The U.S. Department of Justice's Antitrust Division recently announced a milestone victory, having successfully litigated its first extradition for an alleged antitrust violation. As the DOJ continues its largest-ever criminal investigation of the auto parts industry, this case involving an Italian national and former Parker ITS SRL executive serves as a cautionary tale in several respects, says Jennifer Driscoll-Chippendale of Sheppard Mullin Richter & Hampton LLP.