A defense lawyer in the fraud case against former employees of Bernard Madoff suggested on Thursday that a star witness had lied, saying he falsely implicated his ex-colleagues to win a plea bargain.
A Naval law enforcement officer is expected to plead guilty in California federal court Tuesday, in a major Navy corruption scandal in which he is accused of providing sensitive information to a Malaysian businessman in exchange for bribes, according to court documents.
The Third Circuit agreed on Thursday to rehear a case en banc over whether law enforcement officials must obtain a warrant based on probable cause before attaching a global positioning system tracker on the vehicle of a suspect.
A few naughty lawyers can expect coal in their stockings this year, including a former Winston & Strawn LLP partner who helped Ponzi schemer Kenneth I. Starr launder money and a former Mayer Brown LLP partner convicted of aiding Refco Inc.’s $1 billion accounting scam.
A New York federal judge Thursday refused to dismiss claims against two co-conspirators who were accused of conspiracy to commit fraud in relation to the alleged theft of nearly $3 million from the employee benefit plan of military aircraft parts maker Fastener Dimensions Inc.
A Florida federal judge on Wednesday sentenced two patient recruiters for a Miami health care company to serve more than three years in prison each for their involvement in a $48 million Medicare kickback plot.
Authorities for the U.S. Department of Justice on Thursday sought arrest warrants for a pair of Chinese agricultural scientists, alleging that they conspired to steal cutting-edge seeds containing recombinant proteins from a biopharmaceutical company in order to give researchers in their home country a competitive advantage.
U.S. Sen. David Vitter, R-La., released two reports Thursday from the U.S. Environmental Protection Agency Office of Inspector General highlighting the EPA's mismanagement in allowing a former senior employee to steal nearly $900,000 in government funds while posing as a Central Intelligence Agency agent.
The imprisoned co-founder of a hedge fund also managed by the head football coach of the University of Cincinnati was ordered Thursday to pay over $7.7 million to investors who say he defrauded them of their investments and mismanaged assets.
A Pennsylvania federal judge on Monday rejected arguments that defense counsel had inadequately represented an attorney found guilty in 2008 on a dozen counts of wire fraud for bilking a client out of $225,000 he had maintained for her in a trust account.
A New York federal judge on Wednesday ordered a Turkish family that allegedly defrauded Motorola Credit Corp. of $2 billion in loans to drop bogus criminal espionage complaints against Motorola over its attempts to find out more about their finances through their email activity.
He's no Clark Griswold. But former SAC Capital Advisors LP portfolio manager Mathew Martoma, set to go on trial Jan. 6 on insider trading charges, won court permission Wednesday to go on a whirlwind family Christmas vacation that will include a stop in Yellowstone National Park.
A former Troutman Sanders LLP partner pled guilty Wednesday to lying during a deposition about a billion-dollar nursing home buyout deal that was part of a bitter civil lawsuit with real estate developer Rubin Schron, the Manhattan district attorney said.
A former claims manager for the New Jersey Turnpike Authority on Wednesday admitted that he defrauded the agency and insurance companies of at least $1.5 million by using a scheme to receive illegitimate payments through the U.S. mail system.
Five years after admitting it had failed to catch Bernie Madoff’s epic Ponzi scheme, the U.S. Securities and Exchange Commission has repaired its battered reputation thanks to a top-to-bottom restructuring and a successful new whistleblower office, attorneys say.
A central cooperator in the case against SAC Capital Advisors LP portfolio manager Michael Steinberg testified Wednesday that he had aided about a half-dozen insider trading investigations, a response to defense suggestions that he falsely implicated Steinberg in a last ditch bid for a plea deal.
A Puerto Rico federal judge on Friday sentenced Sea Star Line LLC's former president to five years in prison for his role in a conspiracy to manipulate the prices charged by the ocean-shipping company — the longest-ever prison sentence for an antitrust violation, prosecutors said.
The Fourth Circuit on Wednesday threw out part of the conviction of a former Black Diamond Capital Solutions LLC hedge fund manager for his role in running a $35 million Ponzi scheme, sending his case back to the district court to recalculate his 50-year prison sentence.
Cohen Milstein Sellers & Toll PLLC has hired former top U.S. Department of Justice official Matthew S. Axelrod to join as a partner in its Washington, D.C., office, the class action powerhouse said Tuesday.
Raphael Musto, the 84-year-old former Pennsylvania state senator facing corruption charges for allegedly taking bribes to help obtain grants for construction projects, told a federal judge on Monday that the prospect of a multiweek trial combined with his frail health could be enough to kill him.
The Second Circuit's recent decision reversing the municipal bond bid-rigging convictions of three former General Electric Co. officials provides an important limitation on the government’s efforts to extend the statute of limitations in financial crimes when there is a continuous flow of economic benefits to a conspirator, says Lathrop Nelson of Montgomery McCracken Walker & Rhoads LLP.
The extensive amendments to Federal Rule of Civil Procedure 45 that took effect on Dec. 1, 2013, bring welcome changes that simplify and streamline subpoena practice. In particular, the elimination of uncertainty in determining where compliance can be required and where service can be effected will reduce the effort and costs involved in issuing subpoenas, say Lawrence Friedman and Sheilah Kane of Cleary Gottlieb Steen & Hamilton LLP.
Congress clearly had email hackers in mind when it drafted the Stored Communications Act in the mid-'80s. But while courts seem to agree that the SCA protects server-resident emails if they are unopened or opened and downloaded, they are split regarding emails that are opened and not downloaded, says Pierre Grosdidier of Haynes and Boone LLP.
The first criminal case ever prosecuted under the Migratory Bird Treaty Act against Duke Energy reinforces the importance of developing voluntary compliance mechanisms in cooperation with the U.S. Fish and Wildlife Service to reduce bird mortality — and raises the possibility that more enforcement actions could be on the horizon, say attorneys with Perkins Coie LLP.
In light of the proposed e-discovery amendments to the Federal Rules of Civil Procedure, businesses need to set themselves up to efficiently respond to discovery and requests for information from their counsel by implementing and following document-control policies as part of normal business practices. The failure to do so will eventually consume vast amounts of employee time, say Steven Cvitanovic and Colin Murphy of Haight Brown & Bonesteel LLP.
The fact that some prominent judges have rejected binding plea agreements between corporations and the government means that companies negotiating plea agreements should be more prepared than ever to answer questions about why the binding sentence they are proposing is not only fair for the parties but for the general public as well, say Diana Lloyd and Jacqueline Mantica of Choate Hall & Stewart LLP.
The U.S. Securities and Exchange Commission has generally not concerned itself with improper conduct involving embargoed countries. But the SEC’s complaint in the recent Weatherford International Ltd. case suggests that the agency takes the position that inaccurate accounting of transactions with embargoed countries can result in violations of the Exchange Act, say attorneys with Ropes & Gray LLP.
If it’s the holiday season — a time for charity and good deeds — it must also be the time for nonprofit scandals, mismanaged money and outright fraud. The United Way of America and Progressive Policy Institute cases offer many lessons that boards of charities should take to heart, says Terry Lenzner of Investigative Group International.
Because Latin American countries differ substantially from one another, there is no effective one-size-fits-all approach to anti-corruption compliance in the region. That said, companies doing business in the region should be aware of a number of recurring compliance concerns that may lead to an increased risk of violating the FCPA or other applicable anti-bribery laws, say attorneys with Debevoise & Plimpton LLP.
In many instances, the very businesses still facing time and budgetary constraints that hamper employee understanding of compliance must now add a new layer of comprehension in 2014. The stage is set for a banner enforcement year for regulatory bodies worldwide, says Veta Richardson, president and CEO of the Association of Corporate Counsel.