White Collar

  • June 6, 2011

    Ex-Madoff Worker Says He Faked Trading Records

    A former employee of convicted Ponzi schemer Bernard L. Madoff pled guilty in New York on Monday to falsifying trading account and payroll records along with committing other forms of fraud.

  • June 3, 2011

    US Bets Edwards Indictment On Novel Legal Theory

    The salacious criminal indictment handed down Friday against two-time presidential hopeful John Edwards charts unexplored legal ground that could make the case tricky — but not impossible — for prosecutors to prove, experts say.

  • June 3, 2011

    Infomercial Star Gets 11 Years For Mortgage Fraud

    A Texas federal judge sentenced the star of an infomercial on making money from real estate to 11 years in prison on Thursday for orchestrating a multimillion-dollar mortgage fraud scheme in the Dallas area.

  • June 3, 2011

    Ex-Acorn CFO Tries To Escape Suit Over Petters Fraud

    The former chief financial officer of Acorn Capital Group LLC on Friday tried to rebuff a putative shareholder class action in Connecticut implicating him in the multibillion-dollar Ponzi scheme operated by Thomas J. Petters.

  • June 3, 2011

    Grupo's Aguilar Gets Time Served In Lindsey FCPA Case

    A California federal judge Friday sentenced Angela Aguilar to time served for conspiracy in a corporate bribes-for-contracts scheme that ended in Foreign Corrupt Practices Act convictions against Lindsey Manufacturing Co. and two of its executives.

  • June 3, 2011

    SEC Closes National Lampoon Stock Inflation Case

    A Pennsylvania federal judge Friday signed off on a consent order ending the U.S. Securities and Exchange Commission's stock inflation case against National Lampoon Inc. and its convicted former CEO, who dodged civil penalties.

  • June 3, 2011

    Ex-SAC Manager Admits To Insider Trades In Jiau Trial

    An alleged recipient of illegal tips from former Primary Global Research LLC consultant Winifred Jiau told jurors Friday in New York that he engaged in insider trading while working at hedge funds Sonar Capital Management LLC and SAC Capital Advisors LP.

  • June 3, 2011

    Ex-Wachovia Manager Gets 7 Years For $14M Scam

    A former Wachovia Bank Corp. manager who pled guilty in March to stealing $14.1 million from customers — and using it to buy luxuries like a helicopter and two zebras — was sentenced Friday in Virginia to seven years in prison.

  • June 3, 2011

    Affiliated Ex-CFO Found Guilty Of $11.5M Check Fraud

    A former executive of defunct supermarket supplier Affiliated Foods Southwest Inc. was convicted in Arkansas federal court Thursday on charges that he orchestrated an $11.5 million check kiting scheme and defrauded U.S. Bank NA.

  • June 3, 2011

    Federal Economic Crime Investigator Joins Kilpatrick

    Former Assistant U.S. Attorney Clay C. Wheeler, who was also chief of the Eastern District of North Carolina's economic crimes section, has left the public sector to join Kilpatrick Townsend & Stockton LLP's litigation department, the law firm said Thursday.

  • June 3, 2011

    Schwab Strikes $2M Settlement With Parish Investors

    Charles Schwab & Co. Inc. struck a $1.95 million settlement in South Carolina on Friday with a class of investors who accused the investment firm of enabling Ponzi schemer Albert Parish to obtain money from their retirement accounts through his investment vehicle Battery Wealth Management Inc.

  • June 3, 2011

    Ill. Woman Pleads Guilty To $2.5M E-Rate Fraud

    An Illinois woman pled guilty in New Orleans on Thursday to a $2.5 million bribery and fraud scheme related to the federal E-Rate program, which provides subsidies to school districts and libraries to pay for Internet and communications services.

  • June 3, 2011

    Judge Allows US Redactions In NSA Leak Case

    A Maryland federal judge ruled Thursday that prosecutors could redact parts of unclassified evidence in the upcoming trial of a former National Security Agency official accused of leaking information to the press about agency waste involving a new digital database project.

  • June 3, 2011

    Accused $100M Ponzi Schemer Wins Document Fight

    A Utah federal judge on Thursday dealt prosecutors a blow in their criminal case against an investment guru charged with running a $100 million Ponzi scheme, finding that certain Internal Revenue Service documents and investor mailings are entitled to attorney-client privilege.

  • June 3, 2011

    Ex-NJ Mayor Again Denies Bribery Charges

    The former mayor of Secaucus, N.J., on Thursday again pled not guilty to corruption charges after prosecutors filed a new indictment against him.

  • June 3, 2011

    Q&A With Morrison & Foerster's Chip Loewenson

    No lawyer has ever made better and more frequent use of Rule 403 to exclude evidence or divert my case than Bob Morvillo. Of course, I got him back — by successfully excluding from cross-examination one of my important witnesses who suffered a psychotic break while wandering the desert in his underwear. Grounds for exclusion: Rule 610 (religious beliefs), because the witness had spoken with God, says Carl Loewenson, co-chairman of Morrison and Foerster LLP's securities litigation, enforcement and white collar defense group in the firm's New York office.

  • June 3, 2011

    Edwards Denies Using Illegal Campaign Cash To Hide Affair

    John Edwards denied charges of conspiracy and campaign finance law violations Friday after a federal grand jury in North Carolina indicted him for directing $925,000 in campaign money toward film producer Rielle Hunter, who was pregnant with his child.

  • June 2, 2011

    Alcatel Finalizes $92M Settlement In FCPA Case

    A Florida court on Wednesday approved a $92 million Foreign Corrupt Practices Act settlement between French telecommunications company Alcatel-Lucent SA and the U.S. government, rejecting objections by a Costa Rican state-owned utility that had sought victim status and restitution.

  • June 2, 2011

    Blagojevich Talks Senate Seat Strategies

    Prosecutors started cross-examining former Illinois Gov. Rod Blagojevich during his corruption retrial Thursday, squeezing in an hour of questions after the defendant wrapped up his testimony by explaining his strategies for filling President Barack Obama’s U.S. Senate seat.

  • June 2, 2011

    Ex-Hospital Exec Embezzled $1.7M, Feds Say

    Federal prosecutors in Pennsylvania on Thursday charged a former executive of Children's Hospital of Philadelphia with embezzling $1.7 million from the hospital by submitting fraudulent invoices for fictitious consulting services to the institution.