In an effort to avoid prison, the president of an Iowa concrete company caught up in a U.S. Department of Justice antitrust probe is arguing that his cooperation with investigators and peripheral role in fixing the price of ready-mix concrete merits a far lesser sentence.
The president of a Miami-based telecommunications company, indicted for allegedly bribing Haitian officials, has accused the U.S. Department of Justice of selectively prosecuting him and his associates under the Foreign Corrupt Practices Act because of their Hispanic and Haitian origin.
AU Optronics Corp. has asked a federal judge to throw out an indictment charging the company with participating in a $500 million price-fixing scheme in the thin film transistor liquid crystal display panel market.
Former treasurer of Doral Financial Corp. Mario "Sammy" Levis has no basis for seeking a new trial after a jury found him guilty of carrying out a $4 billion fraud at the Puerto Rico-based mortgage lender, U.S. prosecutors claim.
A federal appeals court on Monday declined to stay efforts to question a lawyer for a group of Ecuadoreans in a multibillion-dollar environmental feud with Chevron Corp. over his role in sparking a criminal case against two of the energy giant's attorneys.
Expect to see a lot of cases being indicted in the Eastern District of Virginia as a result of the Troubled Asset Relief Program. The district's U.S. attorney and the special inspector general for TARP have forged a close working relationship, and they will likely be very aggressive in bringing cases of fraud and abuse, says Howard C. Vick Jr., head of McGuireWoods LLP's white collar practice section.
With the federal government's plan to nearly triple the number of its Medicare fraud strike force units around the U.S., attorneys who represent health care companies are bracing for more aggressive prosecutions aimed not only at unscrupulous doctors and fraudsters but at legitimate businesses.
Federal prosecutors announced Friday the unsealing of guilty pleas entered by two more defendants implicated in the alleged wide-ranging insider trading ring involving Galleon Group founder Raj Rajaratnam and other hedge fund employees.
The trustee overseeing the bankruptcy of Bernard Madoff's investment firm has reportedly launched suits accusing five former Madoff employees of improperly collecting $70 million.
A French doctor accused of helping a hedge fund avoid $30 million in losses by passing along tips about clinical trials will remain in U.S. custody until his lawyers negotiate a bail package.
A federal judge on Friday sentenced the ex-CEO of Quest Resource Corp. and Quest Energy GP LLC to nine years in prison and ordered him to shell out $5 million in restitution for lying to the U.S. Securities and Exchange Commission about a $10 million embezzlement scheme.
A federal appeals court will rehear its decision to overturn the bribery conviction of a former president of the Florida Senate accused of paying off another official to secure his vote for the purchase of a soccer complex.
A federal judge has declined to grant immunity to a Malaysian man so he can travel to the U.S. to testify for a colleague charged with leading a conspiracy to illegally export military hardware to China.
The U.S. Department of Justice is currently reviewing criminal discovery rules in light of the most recent discovery embarrassments, such as the Stevens case in Alaska. That effort is probably overdue, says William J. Leone, a leader in Faegre & Benson LLP's white collar criminal practice group.
A jury has convicted a former security company owner, his wife and a business partner of bilking the U.S. for more than $5.7 million in a 23-year-old scheme to dodge employment taxes.
Russian prosecutors revealed Friday that they've opened an investigation into possible criminal fraud committed by Daimler AG in government contracts, about seven months after the company pled guilty and paid $185 million in the U.S. over Foreign Corrupt Practices Act violations in Russia and 21 other countries.
A Dallas financier convicted of bilking investors out of more than $50 million has reiterated a request for post-trial acquittal, arguing the jury erroneously convicted him on a charge prosecutors had already dropped from his indictment.
The United Kingdom's top securities regulator is requiring investment houses, hedge funds and banks to record their bankers' and traders' conversations conducted on company-issued cell phones in a bid to further police insider trading.
Prosperity International LLC manager Michael Burgess has been indicted on 96 counts of wire fraud, conspiracy to commit wire fraud and money laundering in connection with his alleged role in multimillion-dollar real estate schemes.
The recent U.S. Securities and Exchange Commission proposal to expand its whistleblower program has companies worried that employees will bypass internal mechanisms for reporting fraud in the pursuit of big bucks. And that, attorneys say, could chill self-reporting and hinder a corporation's ability to minimize the fallout from a government investigation.