White Collar

  • October 26, 2010

    Ex-PWS Director Sentenced In Costa Rica Bribery Probe

    The former director of London-based insurer PWS International Ltd. was sentenced Tuesday to 21 months in prison for paying about $2 million in bribes to win reinsurance contracts in Costa Rica.

  • October 26, 2010

    GSK To Pay Record $750M Whistleblower Settlement

    British pharmaceutical giant GlaxoSmithKline PLC has agreed to pay $750 million — $96 million of which will go to a whistleblower — to resolve criminal and civil complaints alleging the company mixed up medications and manufactured defective drugs for years at its now-shuttered Puerto Rico factory.

  • October 26, 2010

    Ex-Affiliated Foods CEO Gets 41 Mos. For Check Fraud

    A federal judge has sentenced a contrite John Mills, the former CEO of Affiliated Foods Southwest Inc., to 41 months in prison and ordered him to make more than $3.1 million in restitution for a check-kiting fraud that victimized U.S. Bank NA and other lenders.

  • October 26, 2010

    No Violation In SEC Cooperation On Stanford: DOJ

    Prosecutors accused by alleged Ponzi schemer Robert Allen Stanford of violating his civil rights by cooperating with their U.S. Securities and Exchange Commission counterparts in building a case against him have struck back, calling the information sharing a benign and court-mandated process.

  • October 26, 2010

    US, Dartmouth Doctor Strike Deal In Fight Over Grants

    The federal government has agreed to pay about $622,000 to a Vermont doctor acquitted of charges that he manipulated $2 million in research grants at a Dartmouth College-affiliated U.S. Department of Veterans Affairs hospital for his own gain.

  • October 26, 2010

    BofA Sues Fraudster Starr Over $500K Loan

    Bank of America NA has lodged a suit against infamous money manager Kenneth Ira Starr — who pled guilty in September to a $59 million fraud scheme — over an unpaid $500,000 loan.

  • October 4, 2010

    The Big Reason Clients Are Turning To White Collar Attys

    White collar attorneys are accustomed to getting calls from clients suddenly in hot water with a government regulator. But these days their phones are ringing off the hook from those who aren't in trouble — yet.

  • October 26, 2010

    Q&A With Mayer Brown's Vincent Connelly

    Surprisingly, the widely expected indictments in the financial sector stemming from the market disruptions in 2008 have not yet occurred. But if history is a guide, there was a similar “lag” in indictments after the more contained savings and loan crisis in the late 1980s, says Vincent J. Connelly, co-leader of Mayer Brown LLP's white collar defense and compliance group.

  • October 25, 2010

    Judge Speedily Dismisses Stanford’s Latest Request

    A judge has dismissed a motion by Texas financier Robert Allen Stanford, imprisoned since June 2009 for an alleged $8 billion Ponzi scheme, to release him pending trial for violations of the Speedy Trial Act, saying Stanford himself was responsible for most of the delay.

  • October 25, 2010

    Prosecutors Slam Western Titanium Bid To Trim Case

    A last-ditch attempt by Western Titanium Inc. to throw out some of the criminal supply fraud charges against it over fighter jet and spacecraft materials drew a harsh rebuke from prosecutors as the case headed to trial Monday.

  • October 25, 2010

    WG Exec's Lawyers Spar With US Over Trial Date

    Lawyers for former WG Trading Co. executive Stephen Walsh told a judge Monday that because of difficulties in obtaining funds for legal work, they need at least a year to prepare for a trial in a criminal case over an alleged $554 million investment fraud.

  • October 25, 2010

    Feds Want Money, Jewels In Alleged Oil Co. Scam

    The federal government is seeking the forfeiture of more than $495,000, about three dozen pieces of precious jewelry, several cars and a posh luggage set in relation to an investigation into Petro America Corp., a Kansas City, Kan.-based oil company that prosecutors say may be a fraud at nearly every level.

  • October 25, 2010

    DOJ Objects To Severing Atty From MBC Case

    Government prosecutors have shot back at a motion from a former principal of Mutual Benefits Corp. accused of orchestrating an $837 million insurance scam to sever his case from his former lawyer’s so the attorney can testify on his behalf.

  • October 25, 2010

    How To Set The Stage For A Global Deal

    Negotiating a global settlement when the U.S. Department of Justice, the Securities and Exchange Commission and other authorities all want a piece of your client can be a herculean struggle given the conflicting priorities, goals and personalities of the wolves at the door. But there are steps lawyers can take to help their clients lay the groundwork for reaching a deal with everyone, according to experts who spoke with Law360.

  • October 25, 2010

    DOJ Fights Witness Immunity In Military Export Case

    Federal prosecutors are opposing an immunity bid for a Malaysian man to travel to the U.S. to testify for a colleague charged with leading a conspiracy to illegally export military hardware, arguing that only the U.S. Department of Justice — not a judge — can grant the request.

  • October 25, 2010

    Brooks Loses Bid To Block Forfeiture Of Some Assets

    A federal judge has refused to preclude the criminal forfeiture of a number of bank accounts, stocks and Krugerrands belonging to convicted fraudster David Brooks, former CEO of body armor maker DHB Industries Inc., but has reserved judgment on a number of other items.

  • October 21, 2010

    NY Court Declines To Bump Up Auditors' Fraud Liability

    New York's highest court has ruled against expanding third-party liability in cases in which a corporation's management engaged in financial fraud that was either assisted or missed by outside advisers, shutting down arguments brought by creditors of the now-defunct commodities trading firm Refco Inc. and shareholders of American International Group Inc.

  • October 25, 2010

    Q&A With Hunton & Williams' Marty Steinberg

    There needs to be a legislative change or a new policy to ensure that criminal defendants can obtain counsel without the legal fees being seized by the government, says Marty Steinberg, co-chair of Hunton & Williams LLP's commercial litigation practice group.

  • October 22, 2010

    Prosecutors Look To Dismiss UBS Tax Case

    U.S. prosecutors are seeking to dismiss a criminal tax evasion case against UBS AG more than a year after the Zurich-based bank agreed to pay a fine of $780 million and hand over information on clients suspected of skipping out on paying taxes.

  • October 22, 2010

    Houston Jury Pool Not Too Tainted For Stanford: DOJ

    Accused $8 billion Ponzi schemer Robert Allen Stanford has fallen far short of proving that ceaseless media coverage has hopelessly biased a Houston jury pool against him, government prosecutors have said.