White Collar

  • April 18, 2011

    Alleged Poker Scheme Participant Pleads Not Guilty

    A man who allegedly helped online poker companies process billions of dollars in illegal payments pled not guilty to charges against him in New York on Monday and was allowed to remain free on a $200,000 bond.

  • April 18, 2011

    Skilling Ruling Dooms Hospital Bribery Case: Contractor

    A contractor sought to beat charges Friday in New York that he paid kickbacks to New York Presbyterian Hospital administrators, arguing his actions no longer constituted a federal offense since the U.S. Supreme Court limited the honest services fraud statute.

  • April 18, 2011

    Stanford Receiver Seeks $3M From Fund Tied To Bidens

    The receiver for accused Ponzi schemer Robert Allen Stanford's estate asked a Texas federal court Monday to force a hedge fund linked to Vice President Joe Biden's family to hand over $3 million held in two Stanford companies' accounts.

  • April 18, 2011

    US Works In Final Wiretap As Rajaratnam Trial Ends

    Prosecutors played a final wiretap recording on Monday as the insider trading trial of Raj Rajaratnam in New York came to an end, trying to rebut defense allegations about the Galleon Group LLC founder's stock activity.

  • April 18, 2011

    Mass. Fraudster Claims Atty's Romance Tainted Case

    A Massachusetts attorney convicted of leading a $10 million mortgage fraud ring asked on Saturday for that judgment to be set aside, saying one of his defense attorneys was romantically involved with a member of the prosecution during the trial.

  • April 18, 2011

    AIC Chief Ran $7.7M Ponzi Scheme: SEC

    Securities regulators on Monday hit a Richmond, Va., man with a civil suit in Tennessee federal court claiming he hawked stock and debt for his holding company AIC Inc., promising fat returns, but was operating a $7.7 million Ponzi scheme.

  • April 18, 2011

    NJ Contractor Pleads Guilty To Procurement Fraud

    New Jersey-based defense contractor Staff Gasket Manufacturing Corp. and its president pled guilty Monday to procurement fraud for outsourcing part of their manufacturing to China.

  • April 18, 2011

    DOJ Asks High Court To Review GPS Surveillance Case

    The U.S. Department of Justice on Friday asked the U.S. Supreme Court to rule on whether using a GPS tracking device on a suspect’s car without a warrant violates the Fourth Amendment protection against unlawful searches.

  • April 18, 2011

    Italian Court Clears 4 Banks Over Parmalat Collapse

    An Italian court on Monday cleared Citigroup Inc., Morgan Stanley, Deutsche Bank AG and Bank of America Corp. of charges that they helped dairy giant Parmalat Finanziaria SpA hide debt from investors in a massive criminal fraud that caused the company’s demise.

  • April 18, 2011

    Exec To Plead Guilty In $9M Navy Kickback Case

    The founder of technology services company Advanced Solutions for Tomorrow Inc. agreed Monday to plead guilty in Rhode Island federal court to bribery in a $9.2 million kickback scheme over U.S. Navy contracts.

  • April 18, 2011

    Money Manager Can't Unfreeze Assets In Fraud Case

    A money manager who was already ordered to disgorge $3.8 million lost a bid Monday to unfreeze his assets in a U.S. Securities and Exchange Commission suit over an alleged securities fraud scheme in Minnesota that spawned parallel criminal proceedings.

  • April 16, 2011

    Welcome To The New Law360

    With the platform we're unveiling today, Law360 is streaming federal litigation activity virtually live to your desktop. Find out how the system keeps track of your company, your firm - and maybe even you.

  • April 15, 2011

    Ex-Fred Leighton Owner Pleads Guilty To $20M Fraud

    The former owner of Fred Leighton Holdings Inc. pled guilty Friday in New York to defrauding a bankruptcy court and creditor Merrill Lynch by selling or misusing at least $20 million in merchandise that belonged to the company's Chapter 11 estate.

  • April 15, 2011

    Ex-MLBer Dykstra Arrested For Bankruptcy Fraud

    Former MLB star Lenny Dykstra was arrested Thursday in California and charged with bankruptcy fraud for allegedly stealing and destroying items from his $18.5 million Ventura County mansion.

  • April 15, 2011

    Rajaratnam Expert Admits Research Had Narrow Focus

    An economics professor testified for Raj Rajaratnam in New York on Friday, saying his research related to Rajaratnam's alleged insider trading only focused on certain pieces of information that would have been publicly available to the Galleon Group LLC founder.

  • April 15, 2011

    Feds Crack Down On Poker Websites For Fraud

    Federal prosecutors in New York on Friday charged the founders of the three largest poker websites and eight others with bank fraud and money laundering in a scheme to get around U.S. laws banning online gambling.

  • April 15, 2011

    CFTC Scores $13M Win In Hedge Fund Fraud Case

    The U.S. Commodity Futures Trading Commission on Friday won a $12.5 million default judgment against a New York hedge fund manager who allegedly bilked investors out of $2.7 million and stole another $435,000 from his condominium association.

  • April 15, 2011

    Feds Want Kuwaiti Co. Arraigned In $70M Fraud Case

    Federal prosecutors asked a Georgia federal judge on Thursday to compel the arraignment of a Kuwaiti company accused of overcharging the U.S. military by $70 million for food brought to American troops, despite the company's recent appeal in the case.

  • April 15, 2011

    Lindsey Fails To Nix Evidence In FCPA Trial

    A California federal judge on Thursday rejected Lindsey Manufacturing Co.’s bid to block evidence seized during searches, as the trial continued over the electricity systems maker's alleged scheme to bribe its way into contracts with a Mexican state-owned utility.

  • April 15, 2011

    Crooked Lawyer Dodged Taxes, Too: Grand Jury

    A grand jury on Thursday added counts of ripping off the tax man to an indictment charging a former Klevan & Abramowitz PC personal injury lawyer in Philadelphia with negotiating settlements without telling clients or the firm and pocketing $1 million.