White Collar

  • October 15, 2026

    Ex-Railcar Co. CEO Admits $22M Client-Fund Embezzlement

    The former CEO of an Illinois railcar management company accused of embezzling $22 million from the business pled guilty to wire fraud in Illinois federal court on Wednesday.

  • October 15, 2026

    Judge Who Called For Philly DA Probe Rejects Recusal Bid

    A federal judge who called for an investigation of the Philadelphia District Attorney's Office will not reconsider or recuse himself from the underlying habeas corpus case, calling DA Larry Krasner's bid to undo his rulings "frivolous" and "intemperate."

  • October 15, 2026

    Exec Who Tried To Buy UK Soccer Club Cops To $500M Fraud

    A Florida executive who once tried to buy England's Everton soccer club told a New York federal judge Thursday that he engaged in a large-scale financial sham, copping to fraud charges ahead of his scheduled Monday trial.

  • October 15, 2026

    SEC Says Immigration Attorney's Sanctions Bid Twists Record

    The U.S. Securities and Exchange Commission defended its handling of an unregistered securities case brought against an immigration attorney and her firm, and asked a New York federal judge to reject their sanctions motion seeking $900,000 in fees and a dismissal.

  • October 15, 2026

    Sweden's Biggest Bank To Pay $33M NY Fine Over AML Gaps

    New York's financial services regulator has ordered Sweden's largest bank to pay a $33 million fine to resolve findings of past anti-money laundering deficiencies at its Baltic subsidiaries that allegedly exposed U.S. banks to heightened financial crimes risk.

  • October 14, 2026

    Boies Schiller Adds Ex-DOJ Civil Division Leader In NY, DC

    Boies Schiller Flexner LLP has added a former deputy assistant attorney general in the U.S. Department of Justice's Civil Division to its global investigations and white collar teams in New York and Washington, D.C., according to an announcement made Wednesday.

  • October 14, 2026

    10th Circ. Backs Asset Freeze In SEC Case Against Biotech

    The Tenth Circuit on Wednesday backed a lower court's order freezing a biotech firm's assets in a suit brought by the U.S. Securities and Exchange Commission accusing the company and its founders of misappropriating roughly $9 million.

  • October 14, 2026

    Amazon Flags Possible Abuse In Chicago 'Schedule A' Suits

    Amazon is moving to pause court-ordered fund transfers in more than a dozen trademark cases brought against large numbers of online sellers in Chicago federal court, saying that while it's not a party to the litigation, it's investigating whether some of the lawsuits were used to obtain money the retailer previously froze for reasons unrelated to the disputes.

  • October 14, 2026

    Wash. Pastor Pleads Not Guilty To Alleged $13M Investor Con

    The pastor of a Washington church pled not guilty Tuesday to federal wire fraud and money laundering charges after he allegedly told congregation members they had been chosen by God to back his e-commerce venture and convinced victims to invest $13 million in a sham company.

  • October 14, 2026

    Ex-Oakland Mayor Thao Put 'Power Up For Sale,' Jury Told

    Prosecutors told a California federal jury during trial openings Wednesday that Oakland's then-mayor Sheng Thao put "power up for sale" when she and her boyfriend accepted bribes in exchange for potential city contracts to build prefab "tiny homes" for the unhoused.

  • October 14, 2026

    TD Bank Must Face Bulk Of Investors' AML Penalties Suit

    A New York federal judge has ruled TD Bank and some of its executives must face the majority of claims in an investor action related to a $3 billion settlement the bank signed with U.S. authorities over anti-money laundering compliance failures, saying they made some statements that may have downplayed the severity of the issues the bank faced.

  • October 14, 2026

    Atty Sanctioned For Vulgar Emails To Opposing Counsel

    A Texas federal magistrate judge has sanctioned an attorney who serves as principal for an oil and gas exploration company locked in a trade secret misappropriation case with a rival after opposing counsel complained of his expletive-ridden emails containing ad hominem attacks.

  • October 14, 2026

    Conn. Committee Backs Monitored Return For Convicted Atty

    A former Connecticut attorney who pled guilty to moving money during a client's $3 million securities scheme can be readmitted to the bar subject to monitoring, insurance and mentorship conditions, a local ethics committee has recommended, though a three-judge panel will now decide whether to accept or reject that guidance.

  • October 14, 2026

    IBEW Union Hall Wants Out Of COVID-19 Loan Fraud Suit

    An International Brotherhood of Electrical Workers union hall in Boston asked a Massachusetts federal judge Wednesday to toss claims that it committed fraud by collecting a COVID-19 relief loan it wasn't eligible for, saying it didn't know it wasn't eligible.

  • October 14, 2026

    9th Circ. Blocks Calif. Law Requiring Fed Agents To Show IDs

    A Ninth Circuit panel on Wednesday reversed the implementation of a California law requiring federal agents to display identification, saying the Trump administration is "certain to succeed" on its argument that the state statute violates the U.S. Constitution's supremacy clause.

  • October 14, 2026

    No Jail For Coach Who Testified Against Jordan Card Con Man

    A Manhattan federal judge on Wednesday allowed a Washington state youth sports coach to avoid prison, after he admitted bankrolling a $2 million Michael Jordan trading-card scam and testified against the main perpetrator who recently was arrested in Canada.

  • October 14, 2026

    Brooklyn DA Busts Crypto Scam Targeting Russian Speakers

    The Brooklyn District Attorney's Office said Wednesday it has taken down hundreds of servers and domains used to defraud Russian speakers in the U.S., dealing a significant blow to the international cryptocurrency scam operation.

  • October 14, 2026

    Ex-BigLaw Atty Wants Firm Docs For Insider Trading Defense

    A former BigLaw associate accused of insider trading is seeking records from ex-employers Sidley Austin LLP, Latham & Watkins LLP and Goodwin Procter LLP to help fight charges that he tipped others about nonpublic deals the firms were working on.

  • October 14, 2026

    DOJ, IRS Say Enforcement Surge Exposed $490M In Tax Fraud

    The U.S. Department of Justice prosecuted 76 people linked to more than $490 million in federal revenue losses as part of a stepped-up enforcement effort with the IRS and U.S. attorneys' offices over the past six weeks, the leader of the DOJ's new fraud division said Wednesday.

  • October 14, 2026

    Trustee Asks 1st Circ. To Nix Shuttered Bank Owner's Claims

    A Puerto Rico federal court properly dismissed claims against a trustee appointed to administer the receivership of a shuttered online bank suspected of facilitating tax evasion and money laundering, he told the First Circuit, saying he's entitled to 11th Amendment immunity because he was sued in his official capacity.

  • October 14, 2026

    Ex-Prosecutor To Lead Meland Budwick Health Law Practice

    A former federal prosecutor suing U.S. Department of Justice officials over his termination from the DOJ last year will lead Miami-based law firm Meland Budwick PA's new health law practice, the firm announced.

  • October 14, 2026

    Manhattan DA Unveils Corporate Crime & Antitrust Task Force

    Manhattan District Attorney Alvin Bragg on Wednesday announced the formation of a new task force that will focus on prosecuting corporate crime and antitrust violations, as part of a push to deter industrywide misconduct and promote systemic accountability for entities that encourage and enable financial crimes.

  • October 14, 2026

    Watchdog Wants Probe Of Trump Press Secretary's Atty Claim

    A nonprofit government watchdog on Wednesday asked the State Bar of California to investigate whether the new White House press secretary has claimed to be an attorney without being licensed to practice law.

  • October 14, 2026

    Healthcare CEO Gets 19 Years In $450M Medicare Scheme

    A Florida federal judge sentenced a former healthcare executive Wednesday to 19 years in prison for running a $450 million scheme to swindle Medicare by using software that created false prescriptions for orthotic braces.

  • October 14, 2026

    DOJ To Drop Foreign Agent Case Against Ex-CIA Analyst

    The U.S. Department of Justice has halted the prosecution of an ex-Central Intelligence Agency analyst accused of secretly aiding the South Korean government in exchange for pricey gifts, according to an agreement filed in New York federal court Tuesday.

Expert Analysis

  • Understanding Risks Of Employees' AI-Drafted Complaints

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    As employees increasingly use generative artificial intelligence to draft complaints about workplace misconduct, investigators must adapt their practices so that the process remains fair, thorough and grounded in fact, says Rebecca Foxwell at Bracewell.

  • Prediction Market Case Tests Novel Insider Trading Theory

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    The government's argument in its case against a soldier accused of using classified information to bet on Venezuelan President Nicolás Maduro's capture would represent a sea change in how insider trading wire fraud has been prosecuted for decades, says Alex Blanchard at Holland & Knight.

  • Abbott FCA Deal Shows Enforcement Adequacy Quandaries

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    Abbott Laboratories’ recent False Claims Act resolution illustrates several tricky questions that both prosecutors and defense counsel must address when weighing whether a civil enforcement action alone adequately addresses allegedly wrongful conduct, says James Koukios at MoFo.

  • Opinion

    Clancy Trial Shows Need For Juror Anonymity Reforms

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    Doxing of the holdout juror in the Lindsay Clancy murder mistrial in Massachusetts illustrates the increasing need to provide jurors with greater protection once service ends in high-profile cases, balancing concerns about transparency and independence, says Daniel Schneider at Offit Kurman.

  • How Wells Notice Ruling Signals Future Of SEC Enforcement

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    The U.S. Securities and Exchange Commission's recent opinion in a Financial Industry Regulatory Authority disciplinary proceeding is, on its face, a decision about the scope of FINRA's power, but it also illustrates how the SEC expects its own enforcement program to operate, say attorneys at Fridman Fels.

  • NY Art Ruling Creates Fault Line In Cultural Property Cases

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    A recent New York state appellate decision, blocking a Holocaust victim’s heirs from using a criminal turnover order to reclaim a work the Art Institute of Chicago says it acquired legally, makes establishing ownership a newly central question in cultural property disputes, says Duncan Levin at Levin & Associates.

  • Texas Medicaid Fraud Decision Leaves 2 Open Questions

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    The Texas Supreme Court's decision in Laboratory Corp. of America Holdings v. Texas and NPT Associates, holding that the Texas Medicaid Fraud Prevention Act's omissions provision requires proof of materiality, creates ambiguity about the materiality requirement and about how Texas courts will treat federal precedent going forward, say attorneys at Sidley.

  • FinCEN Exemption Raises Statutory, Administrative Questions

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    The Financial Crimes Enforcement Network's recently rolled-out broad exemption for U.S. companies from Corporate Transparency Act reporting may face administrative law and statutory challenges, so businesses should still preserve ownership records and monitor litigation and congressional action, says David McCarville at Fennemore.

  • Opinion

    CFTC's New Award Policy Punishes Whistleblower Success

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    The U.S. Commodity Futures Trading Commission recently capped four whistleblower awards because it considered them too large, arguing that it could lead to frivolous reporting, but the move instead penalizes the program for its own success and flies in the face of the framework enacted by Congress, say attorneys at Whistleblower Partners.

  • Testing AI's Promise For Large-Scale Document Review

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    Our document-review comparison of attorneys' responsiveness and issue coding decisions versus predictions generated by artificial intelligence across 1,600 documents suggests that these tools can offer a reasonable and reliable basis for improved discovery workflows, provided lawyers understand where guardrails are needed, say attorneys at Redgrave.

  • AI Meeting Recaps Pose New Discovery And Privilege Risks

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    The New York City Bar Association’s recent ethics opinion, cautioning attorneys not to record nonclient conversations with artificial intelligence tools, reflects an emerging view that AI meeting recaps are now a distinct business record category, meaning counsel should set meeting-level controls and apply framework-level updates, says William Wright at Faegre Drinker.

  • What Comes Next For Digital Asset Regs After Clarity Act Flop

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    After the U.S. Senate recently blocked the Digital Asset Market Clarity Act, agency rulemaking could still offer a near-term remedy, and companies meanwhile should monitor the existing framework assembled from enforcement precedent and case law in the absence of a purpose-built statute, say attorneys at Ropes & Gray.

  • $95M Nev. Case Provides Clues On Wound Care Enforcement

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    Federal prosecutors’ recent U.S. v. Dubin indictment, charging a Nevada physician with healthcare fraud over an alleged $95 million Medicare billing scheme involving amniotic wound allografts, provides a clearer picture of an increasingly data-driven enforcement strategy that follows the entire wound care transaction, say attorneys at Bass Berry.

  • DOJ Fraud Memo Highlights Trade Enforcement Playbook

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    A recent U.S. Department of Justice memo that outlines the Fraud Enforcement Division's priorities demonstrates that customs and trade fraud enforcement has entered a new and far more aggressive phase, with recent cases highlighting how the False Claims act is driving the new push, say attorneys at Foley & Lardner.

  • UBS Settlement Shows Cost Of Delayed AML Fixes

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    A recent Financial Crimes Enforcement Network settlement with UBS over failure to implement anti-money laundering remediation shows that regulators value prompt fixes and remain focused on the role of financial institutions in facilitating narcotics trafficking and cartel activity, say attorneys at Miller & Chevalier.

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