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White Collar

  • July 16, 2018

    Accountant Blames $18M Fraud On VC's Ego As Trial Wraps

    An accountant’s counsel urged a California federal jury to clear him of charges claiming he helped a biotech venture capitalist siphon $18 million from an investment fund, arguing as a weekslong trial closed Monday that the fraud was solely caused by the accountant's client, who was “completely consumed with his ego.”

  • July 16, 2018

    Ex-Apple Engineer Denies Stealing Self-Driving Car IP

    A former Apple employee accused of illegally downloading the tech giant's proprietary information related to self-driving cars before taking a job with a Chinese self-driving car company pled not guilty in California federal court Monday to trade secret theft.

  • July 16, 2018

    Russian Woman Charged With Acting As Foreign Agent

    A Russian citizen and former graduate student at American University was arrested over the weekend on charges she acted at the behest of a high-ranking Kremlin official as a “covert agent” of the Russian government, Justice Department officials announced Monday.

  • July 16, 2018

    Forced To Cut Plea Deal Details, LA Times Turns To 9th Circ.

    The Los Angeles Times asked the Ninth Circuit to intervene after it was ordered to trim a story about a police officer’s corruption plea deal that had been mistakenly made public on PACER but was later placed under seal, according to California federal court papers filed Saturday and Monday.

  • July 16, 2018

    Venezuelan Ex-Official Pleads Guilty To Money Laundering

    One of several men indicted last year over an alleged bribery scheme involving Venezuela’s state-controlled energy company pled guilty in Texas federal court Monday, admitting that he helped funnel bribes from U.S.-based companies to Venezuelan government officials.

  • July 16, 2018

    CFTC Gives 1st Overseas Whistleblower Award

    The U.S. Commodity Futures Exchange Commission has awarded a whistleblower bounty to a foreign resident for the first time, the agency announced on Monday, days after handing out its largest award to date.

  • July 16, 2018

    Kushner Cos. Probed By NY For Tenant Harassment Claims

    A New York tenant protection unit is investigating claims that a firm owned by the family of White House senior adviser Jared Kushner intentionally made conditions in a Brooklyn rent-stabilized building unlivable to force tenants out while a majority of the units were being converted into luxury condominiums, state officials said Monday.

  • July 16, 2018

    CFTC Fights Ex-UBS Trader's Bid To Ax Spoofing Suit

    The U.S. Commodity Futures Trading Commission on Friday pushed back on a former UBS AG trader’s bid to dismiss its suit accusing him of a spoofing scheme, telling a Connecticut federal court that the suit’s allegations are plenty detailed and that the statutes he’s alleged to have violated are clear.

  • July 16, 2018

    NY Man Admits Hacking Uber Drivers' Bank Accounts

    A 22-year-old high school graduate told Manhattan U.S. District Judge Jed S. Rakoff on Monday that he worked with a crew to loot the accounts of Uber Technologies Inc. drivers, admitting to a role in what prosecutors call a multimillion-dollar identity theft and fraud scheme targeting the ride-hailing service and its Lyft Inc. rival.

  • July 16, 2018

    Judge Miscalculated $47M Medicare Fraud Loss: 6th Circ.

    The Sixth Circuit reversed the sentences of two owners of home health care companies on Friday, saying the trial judge in the case did not distinguish between fraudulent bills and above-board ones when pegging the Medicare program's losses from the scheme at $47.2 million.

  • July 16, 2018

    ABA Ex-Employee Stole $1.3M, Doc Shows

    A now-former employee took an estimated $1.3 million from the American Bar Association over "a period of multiple years" leading up to 2017, the organization said in a tax document made public Friday.

  • July 16, 2018

    Missouri AG Seeks Sanctions On Backpage For Lawsuit

    The Missouri Attorney General asked a Missouri federal court Monday to levy sanctions on sex ad website Backpage.com, saying the company’s guilty pleas for human trafficking show that its suit claiming it was the innocent victim of a “witch hunt” was filed under false premises.

  • July 16, 2018

    Sheriff’s Capt. Convicted In ‘Codfather’ Smuggling Scheme

    A Massachusetts federal jury convicted a sheriff’s captain Monday afternoon on charges of conspiracy and cash structuring for allegedly helping a notorious Bay State fishing magnate known as “the Codfather” smuggle cash out of the United States.

  • July 13, 2018

    Probe Of Cos. Tied To Alleged Indian Fraudster May Be Pared

    An examiner investigating Indian billionaire Nirav Modi’s ties to bankrupt U.S. jewelry businesses asked a New York bankruptcy judge Thursday to pare down the scope of his investigation, a day before one of the jewelry businesses filed a sale motion following an auction that yielded winning bids totaling $1.3 million.

  • July 13, 2018

    Widow Of Ex-UAW Exec Gets 18 Months For Tax Fraud

    A Michigan federal judge sentenced the widow of a former United Automobile Workers vice president to 18 months in prison Friday for tax fraud, an offense stemming from $1.5 million in cash bribes and gifts her husband accepted from Fiat Chrysler Automobiles executives during collective bargaining negotiations between the company and the union.

  • July 13, 2018

    Fla. Man Gets 7 Years For $19M Pump-And-Dump Scheme

    A Florida man who copped to helping orchestrate a pump-and-dump scheme that caused $19 million in investor losses was sentenced Friday in Connecticut federal court to seven years in prison and ordered to pay $5.3 million in restitution, according to the U.S. Department of Justice.

  • July 13, 2018

    Novartis Slams Sens.' Report About Michael Cohen Contract

    Swiss pharmaceutical giant Novartis on Friday hit back at the findings of a report from senators that accused the drugmaker of making a false statement about how long the company retained Michael Cohen, the former personal attorney to President Donald Trump.

  • July 13, 2018

    NJ Go-Go Bar Owners, 7 Others Indicted In $12M Scam

    The owners of a now-defunct New Jersey go-go bar and seven others were indicted on allegations of participating in a $12 million scheme to use stolen credit card information to purchase prepaid gift cards that they would then convert to cash.

  • July 13, 2018

    Temple Univ. Faces Probe Over Ratings Inflation Claims

    Pennsylvania Attorney General Josh Shapiro announced Friday that he had ordered his office to investigate claims that Temple University had knowingly provided false data to U.S. News & World Reports in order to artificially boost the rankings of its online MBA program.

  • July 13, 2018

    Pa. Board Seeks Censure For Ex-PSU GC In Sandusky Probe

    Attorney ethics investigators are pushing to have an ex-Pennsylvania Supreme Court justice and onetime general counsel to Penn State University publicly censured for purported conflicts of interests stemming from her representation of three school administrators who were eventually charged as part of the Jerry Sandusky sex abuse scandal.

Expert Analysis

  • Modern Communication Brings E-Discovery Challenges

    Thomas Bonk

    As new communications platforms displace email, the legal industry is awkwardly grappling with complex e-discovery questions. Fortunately, this environment provides a very fertile ground of incentives for innovation in both e-discovery technology and service offerings, says Thomas Bonk of Epiq.

  • Opinion

    It's Not All About The Benjamins, Baby (Lawyer)

    J.B. Heaton

    Notwithstanding the latest salary war among prominent law firms, I urge my middle-aged and older colleagues to help the recent graduates we know focus on the long term. Even if the salary is the same, there is a big difference between an institutional firm and the relatively younger firms matching BigLaw, says J.B. Heaton, a University of Chicago business law fellow and former partner at Bartlit Beck.

  • Series

    Judging A Book: Hood Reviews 'Lawyering From The Inside Out'

    Judge Denise Hood

    Law professor Nathalie Martin's new book, "Lawyering From the Inside Out: Learning Professional Development Through Mindfulness and Emotional Intelligence," can be of value to any lawyer aiming to achieve greater productivity, relieve the stress of the legal profession and focus on goals, says U.S. District Chief Judge Denise Page Hood of the Eastern District of Michigan.

  • Already Caught? The Truth Won't Lower Your IRS Penalties

    Bryan Camp

    In the recent case of Gaskin v. Commissioner, the U.S. Tax Court rejected a "fraudster's" argument that his penalties should be reduced because he had filed an amended return. The case illustrates that telling the IRS the truth after you're caught won't save you from paying penalties — or what what Professor Bryan Camp of Texas Tech School of Law calls "the one return rule."

  • Challenging SEC Authority To Enforce The Bank Secrecy Act

    Bob Loeb

    In the past few years, the U.S. Securities and Exchange Commission has become increasingly active in bringing enforcement actions based on broker-dealers' alleged failures to comply with the Bank Secrecy Act. But the SEC's authority to bring BSA actions has never been established — and is currently being challenged in SEC v. Alpine Securities, say attorneys with Orrick Herrington & Sutcliffe LLP.

  • Series

    High Crimes And Misdemeanors: Making Political Judgments

    Laurence Tribe

    Presidential impeachment exists not so that one party can decapitate the other, but to preserve the foundation of our democracy. For an impeachment to be legitimate, it must be a fair process in which Congress speaks for a majority of the American people in undoing an election, say Laurence Tribe of Harvard Law School and Joshua Matz of Gupta Wessler PLLC.

  • An Update On Anti-Poach Enforcement And Class Actions

    Robin van der Meulen

    In recent years, no-poach agreements have become subject to close scrutiny both by the U.S. Department of Justice’s Antitrust Division and private class action plaintiffs. These cases show that violations of federal antitrust laws can have an immediate and real impact on ordinary people and their livelihoods, say Robin van der Meulen and Brian Morrison of Labaton Sucharow LLP.

  • 3 Top E-Discovery Case Law Lessons Of 2018 (So Far)

    Casey Sullivan

    The blockbuster e-discovery cases, with big sanctions and bigger controversies, have been few and far between this year. But that doesn’t mean the legal questions around e-discovery have been answered. Let’s take a closer look at three cases worthy of our attention, says Casey Sullivan, an attorney at discovery technology provider Logikcull.

  • The 1st Judicial Finding That Digital Tokens Are Securities

    Deborah Meshulam

    A Florida magistrate judge's finding last month that tokens issued and sold by technology startup Centra Tech are investment contracts could serve as a road map for the evaluation of token sales in other cases, say attorneys with DLA Piper.

  • Another Decision In Goldman Code Theft Case

    Jonathan Waisnor

    The Aleynikov case demonstrates that employees who attempt to use the proprietary source code of their former employers without authorization may face not only the risk of civil liability, but also prosecution under local criminal statutes. And they could also face liability under the recently expanded federal Economic Espionage Act, says Jonathan Waisnor of Willkie Farr & Gallagher LLP.