White Collar

  • January 27, 2011

    5th Circ. Clears BP Traders Of Propane Antitrust Plot

    The Fifth Circuit has affirmed the dismissal of a criminal case accusing four ex-BP Products North America Inc. commodities traders of conspiring to manipulate the U.S. propane market.

  • January 27, 2011

    Feds Predict Attacks On Witnesses In Tax Fraud Case

    Prosecutors have said they should be able to rebut expected attacks on taxpayer witnesses in a potential trial of former Jenkens & Gilchrist LLP lawyers and other professionals accused of helping wealthy clients cheat on their taxes.

  • January 27, 2011

    NY AG's Office Beefs Up Fraud-Fighting Units

    Already armed with broader authority than most state attorneys general, New York Attorney General Eric T. Schneiderman on Thursday bulked up his office's ability to pursue tax cheats, corrupt contractors, public officials and Medicaid fraudsters.

  • January 27, 2011

    Ex-Bank Exec Cops To Insider Trading Scheme

    A former New Peoples Bank Inc. executive has admitted to using information on a customer's $6 million investment proposal to help friends and family sell bank shares at higher prices as part of an insider trading and money laundering plot.

  • January 27, 2011

    'CHiPs' Star To Get Lower Sentence In Fraud Case

    Prosecutors on Thursday agreed to cut a break for former "CHiPs" star Larry Wilcox in the penny-stock securities fraud case against him, saying his “substantial assistance” to the government warrants a reduction in sentence.

  • January 27, 2011

    Ex-Hospital VP Asks For 2 Years In Corruption Case

    A former executive of a federally funded Cleveland hospital asked a judge Thursday for a prison sentence of two years or less after being convicted of bribery and other corruption charges.

  • January 27, 2011

    Miller & Chevalier Adds Tax, White Collar Veteran

    Miller & Chevalier Chtd. has continued to strengthen its tax and white collar defense groups, tapping a former Bryan Cave LLP partner with experience on both the defense and prosecutorial sides.

  • January 27, 2011

    Aspen Exploration Owners Plead Guilty In $56M Fraud

    The patriarch and two sons of the Texas family who controls oil and gas company Aspen Exploration Inc. have pled guilty to securities fraud charges, admitting that the clan conspired to divert investors' prospecting money into their pockets.

  • January 26, 2011

    Stanford Ruled Incompetent To Stand Trial

    A federal judge on Wednesday found alleged Ponzi schemer Robert Allen Stanford legally incompetent to stand trial, but rejected the Texas financier's request to be released on bond for treatment at a private medical facility.

  • January 26, 2011

    CDR Asks Judge For 15-Month Delay In Bid-Rigging Trial

    Financial services company CDR, which stands accused of bid-rigging and market manipulation, has asked a federal judge to delay its trial until April 2012, citing a recent expansion of the government’s case.

  • January 26, 2011

    Deputy AG Names Career Prosecutors To Staff Posts

    Recently appointed Deputy Attorney General James Cole has tapped two veteran white collar prosecutors to serve in top staff positions in his office.

  • January 26, 2011

    Money Manager Indicted Over Regulator Death Threats

    A former commodities trader has been indicted on charges of threatening to murder 47 attorneys and officials of the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission and other financial regulatory bodies.

  • January 26, 2011

    Ex-Lancer Exec Loses Bid To Nix $200M Fraud Case

    A federal judge Wednesday denied a bid by former Lancer Group fund manager Michael Lauer to throw out an indictment linking him to a $200 million investment scam.

  • January 26, 2011

    Sens. Call For Stiffer Health Care Fraud Penalties

    While members of the U.S. Senate Judiciary Committee praised the U.S. Department of Justice on Wednesday for combating health care fraud, some lawmakers said the agency hadn't gone far enough in seeking prison sentences and called for more DOJ resources.

  • January 26, 2011

    2 Ex-Galleon Traders Plead Guilty As Trial Nears

    Two former Galleon Group LLC employees pled guilty Wednesday to insider trading, increasing the pressure on the hedge fund's founder Raj Rajaratnam as a trial nears over the alleged widespread trading ring.

  • January 26, 2011

    House Panel Absolves Lawmakers In Fundraising Probe

    A U.S. House of Representatives panel has cleared three lawmakers of any wrongdoing regarding their fundraising activities around the time the sweeping financial regulatory reform legislation passed last year, after finding the timing of the solicitations was within ethical guidelines.

  • January 26, 2011

    Nadel Receiver Reaches Deal With Calif. Investor

    The receiver for Arthur Nadel's $168 million Ponzi scheme said Wednesday that a newly approved $245,000 settlement with a California investor accused of realizing false profits from the fraud added to a recovery effort exceeding $15 million.

  • January 26, 2011

    Feds Seek Time To Rebut La. Sen.'s Fraud Defense

    Federal prosecutors have asked for more time to respond to a motion to vacate the conviction of a former Louisiana lawmaker who claims his attorney told him to falsify documents in hopes of dodging an indictment for money laundering.

  • January 26, 2011

    Exec Gets 3 Years For Bilking $1M From Wilson Sonsini

    A federal judge has sentenced the president of printing company Attorneys Printing Supply to 37 months in prison for fraudulently billing Wilson Sonsini Goodrich & Rosati PC more than $1 million for office supplies.

  • January 25, 2011

    Manhattan DA Wants To Give Martin Act More Bite

    One of New York City’s top prosecutors said Tuesday night that he would expand his office’s use of the Martin Act in targeting financial fraud, as well as lobby lawmakers to toughen penalties under the measure.