Lawyers for admitted financial fraudster James M. Nicholson have asked a federal judge to dole out a lenient prison sentence, saying the 45 years allowed under federal sentencing guidelines is far too harsh.
The attorney general of Trinidad and Tobago has reportedly agreed to extradite two local businessmen to the U.S. to face bid-rigging charges related to the construction of a $1.6 billion airport in Trinidad.
The last few decades have seen a tremendous shift of power away from the judiciary and toward prosecutors. This causes many companies to abandon the concept of preparing a defense and instead focus on developing material to turn over to the government in hopes of leniency that rarely materializes, says Patrick J. Egan, co-chair of Fox Rothschild LLP's white collar compliance and defense practice.
A federal jury on Friday convicted Joseph Vas, the former mayor of Perth Amboy, N.J., and his aide of mail fraud and lying to officials in their public corruption trial for misappropriating affordable housing funds and other allegations.
The former city manager of a Los Angeles suburb is seeking to toss a civil suit brought by the California attorney general that accuses him of earning a bloated salary of nearly $800,000 while he and other officials wasted public funds and misled taxpayers.
The former head of a New York bank has admitted to attempting to defraud the Troubled Asset Relief Program and to a raft of other crimes, including embezzlement, bribery and participation in a $37.5 million scheme involving an Oklahoma insurance company.
The U.S. Department of Justice is reportedly in the early stages of investigating allegations that oil services company Schlumberger Ltd. paid bribes to a consulting firm to get an oil field contract with the Yemeni government.
Marcus Schrenker, a financial manager best known for trying to fake his own death in a plane crash, has been sentenced to 10 years in state prison for defrauding investors out of about $1.5 million.
A judge has sentenced a former executive at the Housing Authority of New Orleans to nearly four years in prison for embezzling more than $900,000 from the municipal agency.
The former chief operating officer of defunct Florida law firm Rothstein Rosenfeldt Adler PA has been sentenced to 10 years in prison for her role in disgraced former attorney Scott W. Rothstein's $1.2 billion Ponzi scheme.
Shortly after I left the U.S. Attorney's Office for the Southern District of Florida, the U.S. Army invaded Panama. The Army found a shrine in General Manuel Noriega’s home with the names of former Attorney General Richard Thornburgh, Judge William Hoeveler and myself, with the intent to “curse” us. The government actually introduced the curse into evidence at General Noriega’s bond hearing as evidence of his danger to the community, says Mark P. Schnapp, co-chair of Greenberg Traurig LLP's white collar criminal defense practice group.
A federal judge has ordered Florida investment adviser David Merrick to forfeit homes, cars and more than $4 million as part of a plea deal in what the government says was a Ponzi scheme that defrauded thousands of investors.
Kaye Scholer LLP has grown its white collar practice in Chicago with the addition of former Illinois inspector general Zaldwaynaka “Z” Scott from Mayer Brown LLP.
Authorities have arrested a syndicated talk radio host and two of her partners at an investment firm for their roles in a scheme that allegedly ripped off investors for nearly $7 million.
An actor who starred in the hit TV show "CHiPS" is among more than a dozen penny stock promoters facing civil and criminal charges over a scam to manipulate the volume and price of microcap stocks.
Conversion Solutions Holding Corp. executives accused of operating a pump-and-dump scheme have fired back at the government's case, saying prosecutors failed to squarely address claims that the use of their civil depositions in criminal proceedings violated their Fifth Amendment protections against self-incrimination.
A magistrate judge has recommended that Agility DGS Holdings Inc. be dismissed without prejudice from a criminal case accusing its parent company of inflating military contracts and costing the U.S. nearly $70 million, leaving the door open for the U.S. to indict Holdings again.
A former assistant U.S. attorney for the Southern District of New York who prosecuted the case against admitted Ponzi schemer Arthur G. Nadel has joined Paul Hastings Janofsky & Walker LLP's litigation department.
The ratcheting up of white collar sentences by politicians who feel they need to show they are doing "something" has resulted in a system with absurd punishments, says Barry Boss, co-chair of the white collar criminal defense practice at Cozen O’Connor.
A federal judge has sentenced a former California sureties broker to 18 months in prison for bilking a New Jersey company out of roughly $800,000, according to the U.S. attorney's office.