White Collar

  • June 23, 2017

    Ex-Calif. City Official Gets Corruption Counts Tossed

    A California appeals court on Friday reversed nearly half of the corruption charges against a former Bell, California, city official convicted for a scheme to fleece the working-class city for millions of dollars, citing erroneous jury instructions.

  • June 23, 2017

    Dentons Ex-Associate Charged With Trying To Extort Partners

    A former litigation associate at Dentons was arrested at the firm’s Los Angeles office Thursday on an extortion charge, accused of threatening to release confidential and sensitive materials taken from a superior's email account unless the firm paid him $210,000 and let him take home a piece of art.

  • June 23, 2017

    Feds Seek $180M Restitution From Cay Clubs Ponzi Execs

    Prosecutors asked a Florida federal judge on Thursday to order four people convicted of lying to banks and investors in the Cay Clubs Resorts and Marinas to pay the victims $180 million, setting the stage for those who have filed claims to get some of their money back.

  • June 23, 2017

    Fraudster Cops To Rigging Lottery Software In 3 States

    A man who stole millions of dollars by defrauding state lotteries in Colorado, Iowa and Wisconsin with his brother’s help has pled guilty to theft by fraud and computer crime charges, Colorado Attorney General Cynthia H. Coffman said Thursday.

  • June 23, 2017

    Mortgage Lender's Board Hid Possible Fraud, Investor Says

    A Walter Investment Management Corp. investor sued the mortgage lender’s board of directors in Pennsylvania federal court on Thursday over allegations they knew about but did not disclose the company’s weak internal controls and involvement in potentially fraudulent practices.

  • June 23, 2017

    Wash. State Co. Agrees To CFTC Bar On Commodities Trades

    A couple charged by the U.S. Commodity Futures Trading Commission in a civil suit in Washington federal court with lying to potential investors and fleecing them out of more than $11 million consented to orders issued Friday that bars them from trading in commodities.

  • June 23, 2017

    Star Witness Says Gifts To Philly DA Yielded No Help

    A suburban Philadelphia businessman and star government witness in the federal corruption case against Philadelphia District Attorney Seth Williams conceded under cross-examination Friday that several years of lavish gifts to his “friend” yielded no relief on his most pressing problems.

  • June 23, 2017

    Baker McKenzie Attys Take On Trump Over Record-Keeping

    Two Baker McKenzie tax attorneys and a trial lawyer are representing a Washington, D.C.-based watchdog group in a new lawsuit filed Thursday alleging that President Donald Trump and his staff are failing to preserve statutorily mandated records through their use of messaging apps and social media platforms.

  • June 23, 2017

    Philly Nonprofit Boss Convicted In $1M Fraud Scheme

    The politically connected head of a Philadelphia nonprofit mental health clinic was convicted on federal charges on Friday for misappropriating what prosecutors claim may have been up to $1 million in funds from the facility.

  • June 23, 2017

    International Arrest Warrants Out For Ex-VW Execs

    U.S. authorities have issued international arrest warrants for five ex-Volkswagen managers under indictment in connection with the automaker’s emissions cheating scandal, a German news outlet reported on Thursday.

  • June 23, 2017

    DOJ Must Show Heir-Tracker Co. Hurt Competition

    A Utah federal judge on Thursday found the government must prove a Utah company that tracks down lost and unknown heirs actually harmed competition with an alleged antitrust conspiracy to allocate customers within the industry.

  • June 23, 2017

    Ex-BigLaw Atty Taps Proskauer For Post-Verdict Defense

    Robert Schulman, the former Hunton & Williams LLP patent lawyer convicted of insider trading on a Pfizer deal, has tapped a Proskauer Rose LLP appellate partner for his post-verdict defense, a Thursday filing said.  

  • June 23, 2017

    Ex-Lawmaker Cops To Taking Bribes To Fight EPA Cleanup

    A former Alabama state legislator agreed on Thursday to plead guilty to taking bribes from an executive at coal business Drummond Company Inc. and a local lawyer to oppose an Environmental Protection Agency cleanup plan that could cost the company millions.

  • June 23, 2017

    Ex-Tax Court Judge Gets 3 Years For Tax Fraud

    A former U.S. Tax Court judge was sentenced Thursday to nearly three years in prison after she and her husband pled guilty to conspiring to cheat on their taxes during a 10-year stretch, including understating their taxable income by $1 million.

  • June 23, 2017

    2nd Circ. Again Refuses To Let Ex-Atty Skate On Fraud Rap

    The Second Circuit on Friday rebuffed the latest long-shot bid from a disbarred attorney to void his 12-year-old fraud conviction for aiding an advance-fee scheme, and warned of sanctions if he persists with future appeals.

  • June 23, 2017

    Engineer Gets Time Served For Military Documents Theft

    An engineer who pled guilty in December to economic espionage and attempted export of defense articles to China without a license for taking copies of military aircraft designs to China was sentenced on Thursday in Connecticut federal court to time served, after spending 30 months behind bars.

  • June 23, 2017

    Bitcoin Case Defendant Says No Actual Loss To Victim Banks

    A tech expert who was convicted in a scheme to co-opt a credit union to process illegal bitcoin dollar exchanges told a New York federal judge on Friday that the government’s loss calculation for sentencing is “outrageously overblown” because none of the victim banks lost money or even risked losing money.

  • June 23, 2017

    Rookie Judge Faces 'Trial By Fire' In Texas AG's Fraud Case

    The newly elected Harris County district judge who is now overseeing the felony securities fraud case against Texas Attorney General Ken Paxton is in store for a “trial by fire” that will force the rookie jurist to navigate choppy political waters and unclear law on the charges at hand, experts say.

  • June 23, 2017

    SFO Drops Probe Into BOE Crisis-Era Liquidity Auctions

    Britain’s Serious Fraud Office said on Friday that it has closed its two-and-a-half-year criminal investigation into the conduct of the Bank of England when it pumped liquidity into the financial system at the start of the financial crisis, after it found no evidence of criminal action.

  • June 23, 2017

    Feds Seek 35 Years For Pharmacist In Meningitis Outbreak

    Federal prosecutors told a Massachusetts federal judge that a pharmacist convicted of racketeering for his role in the deadly 2012 meningitis outbreak deserves to be jailed for 35 years, a sentence the government says is merited by the enormous human devastation that he left in his wake.

Expert Analysis

  • 9th Circ. Raises The Bar On Misprision Of A Felony

    Andrew Goldsmith

    Just two days before the appointment of special counsel Robert Mueller, the Ninth Circuit added a new element to one of the potential crimes within his jurisdiction. In U.S. v. Olson, the court held that misprision of a felony requires a defendant to know the crime he or she is concealing is a felony. No other court has considered such a requirement in the 227 years since the crime was codified, says Andrew Goldsmith of Kellogg Han... (continued)

  • The UK's New Suspicious Activity Reporting Regime: Part 2

    Neil Gerrard

    Under the U.K. Criminal Finances Act 2017, the procedures for reporting suspicious financial activity have changed. Law firms, accounting firms and banks must now take on a more active role in identifying sources of information relevant to determining whether a money laundering offense has taken place, and must respond to information requests from other regulated firms, say attorneys with Dechert LLP.

  • Calif. Does Not Bar Defense Coverage For 'Willful Acts'

    Darren Teshima

    Although California Insurance Code Section 533 prohibits insurers from indemnifying policyholders for their intentional misconduct, insureds should carefully review applicable policies to see if policy language creates at least a reasonable expectation for defense coverage, say Darren Teshima and Harry Moren of Orrick Herrington & Sutcliffe LLP.

  • The UK's New Suspicious Activity Reporting Regime: Part 1

    Neil Gerrard

    The U.K. Criminal Finances Act 2017 introduces major changes to the regime for suspicious activity reports. To minimize the risk of serious business disruption, financial services firms, accounting firms and law firms doing business in the U.K. must be prepared to take a more considered approach to analyzing whether a suspicious activity report is genuinely required, say attorneys with Dechert LLP.

  • DuPont Ruling And Trade Secret Enforcement Under Trump

    Joseph Fazioli

    In DuPont, the Ninth Circuit recently affirmed the first federal jury conviction for charges arising under the Economic Espionage Act and potentially catalyzed more aggressive economic espionage and trade secret enforcement, say Joseph Fazioli and James Bobseine of Dechert LLP.

  • Opinion

    Justice Kennedy's Moderating Influence On The High Court

    Nan Aron

    The guessing game around Justice Anthony Kennedy’s possible retirement is reaching a crescendo. Yet the speculation does more than fuel bookmakers’ odds. It draws attention to his pivotal role as the court’s swing vote, says Nan Aron, president of Alliance for Justice.

  • How Kokesh Will Impact The FTC And Other Agencies

    Benjamin Mundel

    The U.S. Supreme Court's recent decision in the Kokesh case limits not just U.S. Securities and Exchange Commission enforcement actions, but also monetary relief sought by other agencies, like the Federal Trade Commission. A faithful application of this decision should lead to courts rejecting these agencies' long-standing practice of seeking penal monetary relief under their equitable authority, say Benjamin Mundel and Lucas Crosl... (continued)

  • Weekly Column

    Innovating For Wise Juries: Juror-Posed Questions

    Roy Futterman

    One way to combat juror confusion and boredom is to allow jurors to ask witnesses questions. No federal evidentiary or court rule prohibits it, and every federal circuit court to address the practice has held it permissible, say Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project.

  • The Stakes Are High For Those Caught In No-Poach Probes

    Elizabeth Prewitt

    The U.S. Department of Justice is reportedly examining whether Barclays breached antitrust laws by agreeing not to hire JPMorgan Chase employees. Reports that no formal investigation has yet been launched will only go so far in comforting the banks and individuals involved, given the DOJ’s recently announced intent to pursue certain no-poaching agreements criminally, say attorneys with Hughes Hubbard & Reed LLP.

  • DOJ Signals More Fairness In Multinational Investigations

    Brandon Fox

    The number of multinational criminal and regulatory investigations is increasing. The good news for companies that find themselves to be subjects of these investigations is that the U.S. Department of Justice now recognizes a need for global resolutions, says Brandon Fox, a partner at Jenner & Block LLP and former federal prosecutor.