White Collar

  • April 27, 2011

    Housing Authority Exec Faces Bribery Charges In Ohio

    A housing authority CEO and a contractor working on a government-funded $33.6 million energy savings project were indicted Wednesday on bribery charges, following a corruption probe in Cuyahoga County, Ohio, that has already snared 50 others.

  • April 27, 2011

    Ex-Lancer Chief Acquitted In $200M Fraud Case

    Lancer Group founder Michael Lauer was acquitted Wednesday in Florida of fraud charges related to an alleged $200 million investment scam.

  • April 27, 2011

    Primary Global Defendant Negotiating Plea Deal: US

    One of the earliest Primary Global LLP consultants charged as part of an expert networking insider trading probe is discussing a possible plea deal with the government, a prosecutor told a New York federal judge Wednesday.

  • April 27, 2011

    Stevens O'Connell Team Movin' On Up To DLA Piper

    The 10-lawyer white collar boutique Stevens O'Connell & Jacobs LLP is packing up and moving 10 floors skyward in Sacramento, Calif.'s 30-story Wells Fargo Center to join DLA Piper's litigation practice there, one of its partners said Wednesday.

  • April 27, 2011

    Navy Freezes Facility's Contracting Authority

    The Naval Sea Systems Command said Tuesday it had suspended all contracting authority at the Naval Undersea Warfare Center, Newport Division, in Rhode Island in the wake of a $9.2 million kickback scheme over technology services contracts.

  • April 27, 2011

    UK Fraud Agency's GC Headed To McGuireWoods

    The general counsel of the U.K.'s Serious Fraud Office is leaving to join the London office of Richmond, Va.-based McGuireWoods LLP later this summer, the firm announced Wednesday.

  • April 27, 2011

    SEC Rebuts Galleon Insiders' Public Tip Claims

    The U.S. Securities and Exchange Commission asked a New York federal judge Tuesday to reject arguments by Trivium Capital Management LLC and Polycom Inc. employees implicated in the Galleon Group LLC insider trading ring that they tipped only public information.

  • April 27, 2011

    Le-Nature's CEO Seeks New Forum For Fraud Trial

    Le-Nature's Inc.'s former CEO on Tuesday asked a Pennsylvania federal judge to move his criminal trial over an alleged $806 million accounting fraud at the bankrupt bottling company to another district court to ensure he gets an impartial jury.

  • April 27, 2011

    Ala. Man Accused Of $2.6M HUBZone Status Fraud

    An Alabama man was indicted Tuesday for allegedly misrepresenting that his small business and some of its employees were based in a specially designated disadvantaged area, enabling it to obtain 28 government contracts worth nearly $2.6 million.

  • April 26, 2011

    Madoff Investors Demand Report On Ponzi Probe

    More than 1,200 Bernard L. Madoff Investment Securities LLC investors on Tuesday asked a bankruptcy court in New York to force the trustee liquidating the company to produce a report detailing his investigation into Bernard Madoff's massive Ponzi scheme.

  • April 26, 2011

    Mueller Accountants Targeted Over $147M Ponzi Roles

    The receiver tasked with recovering funds for victims of Mueller Capital Management LLC’s $147 million Ponzi scheme filed more than a dozen clawback suits in Colorado state court Friday, including one implicating the hedge fund’s accountants in the fraud.

  • April 26, 2011

    Former NC Chief Justice, 3 Others Join Nexsen Pruet

    Nexsen Pruet LLC said Monday it had added four new lawyers — including the former chief justice of the North Carolina Supreme Court — to its Raleigh, N.C., office, a move that will bolster its antitrust, health care and white collar practices.

  • April 26, 2011

    Rajaratnam Jurors Request Replay Of Wiretap Calls

    Jurors asked a New York federal court on Tuesday to replay tapes of wiretapped phone conversations between accused insider trader Raj Rajaratnam and alleged co-conspirators, including a call that prosecutors say indicates efforts to cover his tracks.

  • April 26, 2011

    NJ Investment Adviser Cops To $13.6M Ponzi Scheme

    A New Jersey woman pled guilty Tuesday to securities fraud charges alleging she defrauded more than 120 investors in a $13.6 million Ponzi scheme used to finance Las Vegas gambling expenses and trips to Europe and the Caribbean.

  • April 26, 2011

    Feds Fight Bid To Delay Ohio Corruption Trial

    Prosecutors asked a federal judge Tuesday to deny a request to push back the bribery and corruption trial of a former Ohio county commissioner and two co-defendants, claiming they have had ample time to prepare.

  • April 26, 2011

    Commission Slams Contractor Waste In Iraq, Afghanistan

    The U.S. Commission on Wartime Contracting on Monday called for greater accountability in government contracting in Iraq and Afghanistan, saying that waste and fraud continue to be a significant problem despite dozens of criminal convictions and billions of needlessly spent dollars.

  • April 26, 2011

    Ex-Con Cops To Ponzi Scheme Targeting Fellow Inmates

    Alleged Ponzi schemer Perry Jay Griggs pled guilty in Hawaii on Monday to charges that he and his wife bilked his fellow prisoners and their families out of $2 million by convincing them to invest through their company, Aloha Trading Co. Inc.

  • April 26, 2011

    Aid Workers Get 12 Years In $2M USAID Fraud Case

    Two former humanitarian workers were each slapped with a 142-month prison sentence Tuesday in Washington for defrauding the federal government of $1.9 million through U.S. Agency for International Development-funded reconstruction projects in Liberia.

  • April 26, 2011

    2 Ex-Air France Execs Indicted On Antitrust Charges

    An Illinois grand jury indicted two former executives of Air France SA's cargo division Tuesday for allegedly conspiring with other carriers to fix rates and surcharges on international air shipments.

  • April 26, 2011

    Atty Convicted In RI Town Council Kickback Scheme

    A Rhode Island attorney was convicted Tuesday of acting as a middleman in a public corruption and kickback scheme run by three North Providence town council members.