White Collar

  • October 20, 2011

    TD Bank Gets RICO Claims Dumped In Rothstein Fraud Suit

    A Florida federal judge on Wednesday tossed racketeering claims against TD Bank NA, just days before the trial was set to begin in a $27 million suit alleging the bank helped jailed lawyer Scott Rothstein carry out a $1.2 billion Ponzi scheme through his now-bankrupt firm.

  • October 20, 2011

    Fraudster Gets 2 Years For $3.6M Ex-Im Bank Scheme

    A Texas federal judge on Thursday sentenced a businessman to two years in prison for defrauding the Export-Import Bank of the U.S. to the tune of $3.6 million through his export company Valcomar Inc.

  • October 20, 2011

    Ex-Con Ed Workers Sentenced For Kickback Schemes

    A New York federal judge put two former construction inspectors for Consolidated Edison Co. of New York Inc. behind bars on Wednesday for taking thousands of dollars in kickbacks in exchange for approving inflated subcontractor bills.

  • October 20, 2011

    Feds Must Get Tougher On Hackers, Attys Say

    As hackers get more sophisticated in orchestrating breaches that result in huge losses, lawmakers are pushing for more stringent sentencing guidelines and stiffer penalties against companies for failing to adequately protect data — but the success of these measures will largely depend on prosecutors' ability to enforce them, attorneys say.

  • October 20, 2011

    Ex-NJ Mayor Won't Get Redo On Bribery Conviction

    Former Secaucus, N.J., Mayor Dennis Elwell found out Thursday that he would not be getting a new trial after being convicted of bribery for accepting a $10,000 payoff from a government informant he thought was a real estate developer.

  • October 20, 2011

    Lobbyist Passed Blagojevich Extortion Message: Witness

    A movie producer testifying at the extortion trial of political insider William Cellini said Thursday that in 2004 the defendant told him his real estate investment firm would not receive a pension fund allocation unless he made a campaign donation to ex-Illinois Gov. Rod Blagojevich.

  • October 20, 2011

    Eckert Snags Saul Ewing Product Liability, Defense Pro

    The chair of Saul Ewing LLP's life sciences practice group has headed over to Eckert Seamans Cherin & Mellott LLC's Philadelphia office, where he will continue focusing on product liability matters and white collar criminal defense, Eckert said Thursday.

  • October 20, 2011

    Feds Take Bid For NYT Reporter's Sources To 4th Circ.

    Federal prosecutors asked the Fourth Circuit on Wednesday to force a New York Times journalist to testify about his confidential sources at the upcoming trial of an ex-CIA officer accused of leaking classified information regarding an operation to disrupt Iran's nuclear weapons program to the reporter.

  • October 20, 2011

    Judge Greenlights $25M Deal In Auto Lights Antitrust MDL

    A California federal judge on Thursday tentatively approved a $25 million settlement between a class of direct purchasers of automotive lighting products and several manufacturers accused in multidistrict and criminal litigation of participating in a wide-ranging price-fixing scheme.

  • October 20, 2011

    Louis Berger CEO Indicted For USAID Contract Fraud

    The former head of Louis Berger Group Inc., which has received more than $2.3 billion in contracts to support U.S. goals in Iraq and Afghanistan, was indicted Thursday on charges that he directed employees to inflate costs that were reimbursed by the U.S. Agency for International Development.

  • October 20, 2011

    Cozen Roped Into $900M Poker Fraud Class Action

    Two poker players on Monday included Cozen O'Connor in a $900 million putative class action against Full Tilt Poker, claiming the law firm accepted millions of dollars in legal fees from the indicted online card room despite knowing the funds came directly from customer accounts.

  • October 20, 2011

    Ex-UCB Execs Deny Fraud Over Loan Losses

    Former United Commercial Bank executives Thomas Yu and Ebrahim Shabudin pled not guilty on Thursday to charges they engaged in securities fraud to conceal $65 million of the bank's loan losses, according to the U.S. Department of Justice.

  • October 20, 2011

    Barg Coffin Snags White Collar Pro From San Fran DA

    Barg Coffin Lewis & Trapp LLP has hired veteran white collar attorney Marc D. Katz to litigate environmental and commercial cases as a partner in its San Francisco-based criminal defense group, the firm said Wednesday.

  • October 20, 2011

    Le-Nature's CEO Gets 20 Years For $668M Fraud

    A federal judge in Pennsylvania on Thursday sentenced the former CEO of bankrupt beverage maker Le-Nature's Inc. to 20 years in prison for his role in a $668 million accounting fraud.

  • October 20, 2011

    Oil Traders Admit To LyondellBasell Kickback Scheme

    Two men involved in a multimillion-dollar kickback scheme involving Venezuelan oil shipping contracts with LyondellBasell Industries pled guilty Thursday in Texas to conspiring to engage in wire fraud, according to prosecutors.

  • October 20, 2011

    2 Madoff Clawback Suits Head To District Court

    A New York federal judge agreed Thursday to take on two Bernard L. Madoff Investment Securities LLC clawback suits, saying the cases had enough in common with others on his plate to warrant removal from bankruptcy court.

  • October 19, 2011

    3rd Circ. Upholds Ex-NJ Lawmaker's Bribery Conviction

    The Third Circuit on Tuesday affirmed the conviction of a former New Jersey legislator for taking a $10,000 bribe to speed up permits for a multimillion-dollar real estate project.

  • October 19, 2011

    Rothstein Trustee Seeks $10M From Jeweler

    The trustee overseeing the bankrupt law firm of convicted Ponzi schemer Scott Rothstein sued a high-end jewelry store in Florida on Wednesday, seeking to claw back nearly $10 million Rothstein paid the store from 2006 to 2009.

  • October 19, 2011

    Defense Cries Mistrial In Blagojevich Extortion Case

    A lawyer defending longtime lobbyist and real estate investment manager William Cellini against charges that he took part in an extortion plot to benefit former Illinois Gov. Rod Blagojevich demanded a mistrial Wednesday after a federal judge barred him from questioning a government witness about prior testimony.

  • October 19, 2011

    9th Circ. Upholds Contractor's Bribery Convictions

    The Ninth Circuit on Wednesday affirmed bribery and money laundering convictions against a California businessman who was accused of offering lavish gifts to U.S. Rep. Randall "Duke" Cunningham in exchange for lucrative government contracts.