White Collar

  • March 9, 2011

    2nd Circ. Upholds Monster Exec's Conviction

    Former Monster Worldwide Inc. executive James Treacy lost a bid Wednesday to reverse his stock options backdating conviction, but won the recalculation of a $6.3 million restitution penalty.

  • March 9, 2011

    Blagojevich Tries To Escape Retrial

    Former Illinois Gov. Rod Blagojevich asked a federal judge Wednesday to call off his retrial and immediately sentence him on the sole conviction from his first trial, arguing that the government's budgetary crisis has hampered his ability to mount an effective defense.

  • March 8, 2011

    Fraudster Got 20 Years For Mortgage Scam, Feds Say

    Admitted mortgage fraudster Bobbie L. Brown was sentenced by a Illinois federal judge Monday to 20 years in federal prison for taking out $95 million in sham loans, prosecutors announced.

  • March 8, 2011

    Hevesi Wants Judge Recused Over Conflict Of Interest

    Former New York State Comptroller Alan Hevesi on Tuesday asked the judge presiding over his corruption case to step aside, claiming the judge hid personal and fiduciary ties to the estranged father of Hevesi's lawyer to keep the high-profile case.

  • March 8, 2011

    Engineer Exported US Defense Secrets To China: Suit

    An engineer at a New Jersey technology firm was arrested for allegedly providing the Chinese government with sensitive information about U.S. weapons, prosecutors announced Tuesday.

  • March 8, 2011

    GM, DOJ Fight Subpoena In Trade Secrets Suit

    General Motors Co. joined federal officials in asking the court on Monday to quash a subpoena in a Michigan case accusing a former GM engineer and her husband of stealing trade secrets and offering the information to a Chinese competitor.

  • March 8, 2011

    Blankfein Among Possible Galleon Trial Witnesses

    A New York federal judge revealed the identities Tuesday of more than 100 people who may testify or otherwise be mentioned in Galleon Group LLC founder Raj Rajaratnam's insider trading trial, including Goldman Sachs Group Inc. CEO Lloyd Blankfein and former board member Rajat Gupta.

  • March 8, 2011

    3rd Circ. Affirms Sentence In 9/11 Repair Fraud Case

    The Third Circuit ruled Tuesday that a lower court acted within its discretion when it refused to reduce the 41-month sentence of a woman who pled guilty to overbilling for repair work at the Pentagon after the terrorist attacks of 9/11.

  • March 8, 2011

    Ex-ABB Manager Wants FCPA Charges Tossed

    A former general manager at an ABB Inc. unit asked a Texas federal judge Monday to throw out Foreign Corrupt Practices Act charges, arguing the Mexican officials he allegedly targeted in a bribery scheme to win utility contracts are not considered foreign officials under the law.

  • March 8, 2011

    Ex-Goldman Worker Pleads For Mercy In IP Theft Case

    A former Goldman Sachs Group Inc. employee convicted of stealing source code asked a New York federal court for leniency Monday, saying his crime did not warrant a prison term.

  • March 8, 2011

    Ex-Winston Atty To Admit Role In Starr's Ponzi Scam

    Former Winston & Strawn LLP partner Jonathan Bristol has agreed to plead guilty to participating in his client Kenneth Ira Starr’s $30 million Ponzi scheme, prosecutors told a Manhattan federal court Monday.

  • March 8, 2011

    Judge Dismisses Iowa Concrete Antitrust Suit

    A federal judge in Iowa dismissed an antitrust class action Tuesday against five of the state’s ready-mix concrete manufacturers, including four whose executives already pled guilty to price-fixing and bid-rigging in parallel criminal proceedings.

  • March 8, 2011

    Ex-Ala. Mayor Asks 11th Circ. To Flip Bribery Verdict

    A former Birmingham, Ala., mayor asked the Eleventh Circuit on Tuesday to overturn a 15-year prison sentence for accepting about $250,000 in bribes in exchange for sending more than $7 million in bond business to an investment banker.

  • March 8, 2011

    MoFo Lures Gibson Dunn Securities Star In LA

    Morrison & Foerster LLP on Monday announced the addition of a pre-eminent securities litigator and white collar defense attorney from Gibson Dunn & Crutcher LLP to the firm's Los Angeles office.

  • March 8, 2011

    Alleged Real Estate Fraudster Tries To Save Defenses

    A real estate tycoon and his co-defendant, accused of using $23 million held in clients' tax deferral accounts to prop up a faltering company, told a California federal court Monday they should be allowed to rely on two defenses despite prosecutors' objections.

  • March 8, 2011

    NY Jury Finds Ex-Oil Exec Guilty In Stock Conspiracy

    A New York jury on Monday convicted a former oil executive of masterminding a pump-and-dump scheme that enabled him and a co-conspirator to dupe brokerage houses and fraudulently sell millions of artificially inflated shares of his company’s stock.

  • March 8, 2011

    Concert Financer Gets 2 Years For $50M Ponzi Plot

    An Arizona man whose investment firm helped a Ponzi schemer scam investors out of $50 million by falsely claiming to represent major music groups like the Rolling Stones and U2 was sentenced Monday to two years in prison.

  • March 8, 2011

    Ex-UBS Banker Seeks Leniency In Insider Trading Suit

    A former UBS Securities Inc. banker who pled guilty to insider trading-related charges asked a New York federal judge for leniency Monday, saying the year he has already served in prison warrants his release.

  • March 8, 2011

    Hedge Fund Boss Loses Bid To Review $3.8M Penalty

    A money manager lost his bid for reconsideration of a $3.8 million disgorgement order Monday in the U.S. Securities and Exchange Commission's suit over an alleged securities fraud scheme in Minnesota that spawned parallel criminal proceedings.

  • March 8, 2011

    SEC Targets Fundraiser Over $194M Forex Fraud

    Federal regulators on Monday filed suit in Minnesota against one of the primary fundraisers in a fraudulent currency trading scheme that allegedly swindled $194 million from investors and put one of its orchestrators behind bars.