Ex-ConvergEx Exec Accuses DOJ Of 'Brady Laundering'
Law360 (March 12, 2018, 10:45 PM EDT) -- A former ConvergEx Group LLC executive accused of tacking secret profit margins onto securities transactions told a New Jersey federal judge on Monday that U.S. Department of Justice prosecutors flouted their so-called Brady obligation to hand over helpful evidence by outsourcing investigative work to the financial firm's lawyers.
The unusual hearing in the case of Anthony Blumberg, former CEO of ConvergEx's Bermuda-based broker-dealer unit, saw the company's ex-Bracewell LLP defense attorney take the stand and give a rare look into a $29 million corporate investigation that helped to mitigate fallout for the company and aid the DOJ in charging multiple employees....
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