White Collar Law360 provides breaking news and analysis on corporate crime and enforcement. Coverage includes criminal cases against companies, executives and employees, public officials, lawyers, and law firms, as well as related civil litigation and policy developments.
Three men convicted of defrauding certain colleges by making illicit payments to basketball recruits in violation of NCAA rules told the Second Circuit on Friday that the U.S. Supreme Court's recent decision to toss convictions from the Bridgegate scandal shows that they should not have been convicted of fraud.
The U.S. Supreme Court’s upcoming opinion in Liu v. U.S. Securities and Exchange Commission may call into question when Foreign Corrupt Practices Act settlements should be subject to disgorgement, say Matthew Rutter and Neal Hochberg at Charles River Associates.
The Internal Revenue Service has chosen an in-house attorney from its offshore compliance initiative to advise its newly formed fraud enforcement office, the agency said Tuesday.
Even though the Office of Foreign Assets Control has acknowledged COVID-19 challenges, the agency still expects companies to take a risk-based approach to sanctions compliance by routinely updating programs that reflect their individual business models, customer bases and geographic operations, say Mario Mancuso and Abigail Cotterill at Kirkland & Ellis.
A New Jersey used car salesman has been arrested and charged with running a $45 million scheme at the height of the fight against COVID-19, attempting to sell price-gouged N95 face masks to New York City, an order he had no way of fulfilling, prosecutors said Tuesday in New York federal court.