White Collar

  • January 7, 2010

    Former Brocade VP Gets 2 Months In Backdating Suit

    The former vice president of Brocade Communications Systems Inc.'s human resources department has been sentenced to two months in prison and ordered to pay a $1.25 million fine for her role in a backdating scheme at the data storage company.

  • January 7, 2010

    Tax-Dodging UBS Client Avoids Jail

    A client of UBS AG who cooperated with a high-profile tax-evasion probe was sentenced to five years of probation and 300 hours of community service after he admitted to hiding more than $6 million with the Swiss banking giant to dodge U.S. tax liabilities.

  • January 6, 2010

    Former Safeway Buyer To Cop To Tomato Bribe Scam

    A former purchasing manager at supermarket chain Safeway Inc. is the latest person to agree to plead guilty to participating in a four-year conspiracy to bribe major food producers and fix prices in the processed tomato industry, federal prosecutors announced Wednesday.

  • January 6, 2010

    Fla. Ex-Lawyer To Admit Running $1.2B Ponzi Scheme

    Disbarred attorney Scott W. Rothstein plans to plead guilty in connection with federal charges that he ran a $1.2 billion Ponzi scheme out of his South Florida firm Rothstein Rosenfeldt & Adler PA, his lawyer said Wednesday.

  • December 21, 2009

    Ex-Security Worker Gets Prison For Kickback Scheme

    An Oklahoma man who formerly worked for an international security company has been hit with a year in prison after pleading guilty to soliciting kickbacks from security vendors in exchange for helping them land subcontracts in Afghanistan.

  • December 21, 2009

    Iron Co. To Pay $4M Over Dumping Dirty Wastewater

    Cast iron manufacturer McWane Inc. has resolved a long-running case with federal prosecutors over a slew of alleged environmental law violations by paying a $4 million criminal fine and completing a community service project designed to improve water quality near its Birmingham, Ala., foundry.

  • December 21, 2009

    Rajaratnam, Chiesi Plead Not Guilty To Fraud Charges

    Billionaire hedge fund manager Raj Rajaratnam and former New Castle Funds LLC employee Danielle Chiesi have pled not guilty to multiple counts of conspiracy and securities fraud stemming from what prosecutors have dubbed the biggest hedge fund insider trading case in history.

  • December 21, 2009

    Ardebili Accomplice Pleads Guilty To Export Violation

    An accomplice of Amir Hossein Ardebili, the Iranian arms trafficker who last week was sentenced to five years in prison for illegally purchasing and exporting dual-use military items to Iran, has pled guilty to violating federal law by attempting to export two pieces of controlled camera equipment to that country.

  • December 18, 2009

    Ex-Gas Traders, Manager Get Prison Time For Fraud

    A former manager and two ex-traders for El Paso Corp. have each been sentenced to more than a decade in prison after pleading not guilty to faking deals, marking the latest casualties in the government's probe into natural gas market manipulation.

  • December 16, 2009

    SEC Drops Anthrax Civil Case Against Convicted Exec

    The U.S. Securities and Exchange Commission has asked a federal court to drop the rest of a civil case against Timothy Moses, a biotechnology executive sentenced to prison time after his company claimed the U.S. government had sought it out for an anthrax remediation product.

  • December 16, 2009

    SEC Moves To End Ponzi Case V. Financial Planner

    The U.S. Securities and Exchange Commission is seeking to drop its case accusing financial planner Gordon B. Grigg of falsely telling investors their money would be put in government-guaranteed securities as part of the Troubled Asset Relief Program, following Grigg's conviction on mail and wire fraud charges.

  • December 15, 2009

    Rajaratnam, Chiesi Indicted In Galleon Fraud Case

    A federal grand jury has indicted billionaire hedge fund manager Raj Rajaratnam and former New Castle Funds LLC employee Danielle Chiesi on multiple counts of conspiracy and securities fraud, the latest development in what prosecutors have dubbed the biggest hedge fund insider trading case in history.

  • December 15, 2009

    Judge Ends 'Distorted' Broadcom Backdating Case

    Chiding the U.S. government for intimidating witnesses and creating a “mockery” of the criminal process, a federal judge has thrown out criminal charges against former executives at semiconductor company Broadcom Corp., bringing closure to a highly public and scandalous case accusing the men of backdating stock options.

  • December 15, 2009

    Iranian Gets 5 Years For Weapons Trafficking

    A federal judge has sentenced Iranian arms procurement agent Amir Hossein Ardebili to five years in prison for illegally purchasing and exporting to Iran a number of dual-use military items including gyro censors, phase shifters and aircraft computers.

  • December 11, 2009

    Tariff Dodge Nets Catfish Importer 20-Year Ban, Prison

    A Virginia seafood importer sentenced to five years in prison for conspiring to dodge import tariffs has been barred from importing food into the U.S. for 20 years by the U.S. Food and Drug Administration, its first debarment of a food importer.

  • December 11, 2009

    Swiss Banker, Lawyer Fugitives From US Justice

    A federal judge has declared as fugitives a Swiss banker and a lawyer who allegedly helped U.S. clients conceal their assets and income from U.S. tax authorities.

  • December 11, 2009

    Ponzi Fraudster Faces 45 Years After Guilty Plea

    The former manager of a hedge fund pled guilty Friday to three fraud charges in a case where prosecutors alleged he bilked investors out of $133 million in a Ponzi scheme.

  • December 11, 2009

    Brokers Get Jail Time In Smart Online Fraud Case

    Two brokers who were accused of accepting secret cash payments to induce their clients to purchase stock of Smart Online, a company that develops Internet-based software and data resources for small businesses, have been sentenced to several years in prison.

  • December 10, 2009

    Ex-Ropes & Gray Lawyer Pleads Guilty To Scheme

    Former Ropes & Gray LLP attorney Brien P. Santarlas has pleaded guilty to criminal charges associated with his role in an alleged $20 million insider trading ring connected to Galleon hedge fund founder Raj Rajaratnam, admitting that he stole sensitive client information about acquisitions in exchange for cash.

  • December 10, 2009

    Chi Mei To Pay $220M After Copping To LCD Price-Fixing

    Taiwan-based Chi Mei Optoelectronics has pled guilty and agreed to pay $220 million in criminal fines for its role in a conspiracy to fix prices of liquid crystal display panels.