Dewey Cooperator Flip-Flopped On Budget Tricks, Jurors Hear

Law360, New York (July 1, 2015, 6:38 PM EDT) -- Dewey & LeBoeuf LLP's former budget director initially told investigators in the Manhattan District Attorney's Office that the firm's accounting methods were legitimate before changing his tune and pleading guilty to a fraud scheme, he testified Wednesday at the trial of three ex-Dewey leaders.

An attorney for former Dewey Chief Financial Officer Joel Sanders sought to undermine testimony by former Budget Director Ilya Alter, who said Tuesday he had made false adjustments to Dewey's books at the direction of Sanders. Prosecutors are seeking to prove that Sanders, former Dewey Chairman Steven Davis and former Executive Director Stephen DiCarmine duped lenders and investors...

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