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White Collar

  • September 13, 2018

    Letitia James Wins Democratic Race For NY Attorney General

    Democratic voters in New York state on Thursday picked New York City public advocate Letitia "Tish" James as their nominee to be the next attorney general of the Empire State over Fordham Law School professor Zephyr Teachout and U.S. Rep. Sean Patrick Maloney.

  • September 13, 2018

    Men Get Prison, House Arrest In $3.5M Home Equity Loan Plot

    A New Jersey federal judge on Thursday slapped one man with prison and another with home confinement for their roles in a $3.5 million “shotgunning” scheme to use bogus information on simultaneous applications with multiple banks to secure home equity lines of credit.

  • September 13, 2018

    Ex-Boss Of Crypto Cos. Gets Nearly 2 Years For $9M Fraud

    The founder of multiple Connecticut-based cryptocurrency mining companies was sentenced Thursday to just under two years in prison for defrauding hundreds of investors out of over $9 million via a multi-phased Ponzi scheme involving the purported generation of virtual currency.

  • September 13, 2018

    Treasury Blacklists North Korean IT Cos. In China And Russia

    The U.S. Department of the Treasury on Thursday sanctioned a North Korean individual and his China-based information technology company, as well as a Russian subsidiary, as part of its efforts to stop the flow of “illicit revenue” to North Korea from overseas.

  • September 13, 2018

    Rajaratnam’s Motley Rice RICO Suit Gets Cool Response

    A Brooklyn federal judge put tough questions to a lawyer for imprisoned fraudster Raj Rajaratnam on Thursday over his racketeering suit that accuses the law firm Motley Rice LLC of paying former federal agents for dirt on him, saying the case may belong before a judge in New Jersey who is overseeing a related case.

  • September 13, 2018

    2nd Circ. Orders Redo Of Union Leader's Extortion Sentence

    The Second Circuit on Wednesday reversed a district court's ruling that a union leader was involved in a conspiracy to extort contractors into hiring his union members, finding that the federal government failed to allege his involvement in the scheme, but affirmed racketeering charges against him and remanded the suit for resentencing.

  • September 13, 2018

    Slaughterhouse Owner Owes $1.4M For Immigration Violations

    The owner of a Tennessee slaughterhouse and meatpacking plant has agreed to pay more than $1.4 million after pleading guilty to hiring unauthorized immigrants to work for him as part of a scheme to reduce tax obligations, according to the U.S. Department of Justice on Wednesday.

  • September 13, 2018

    Medicare Insider Trading Culprits Get Short Sentences

    A Manhattan federal judge went easy on a former Centers for Medicare & Medicaid Services worker, an ex-consultant and two former hedge fund pros convicted of creating a “corrupt tipping chain” that exploited valuable Beltway health spending secrets, giving them short sentences Thursday and letting them remain free while they appeal.

  • September 13, 2018

    Ex-Adidas Duo, NBA Agent Want NCAA Case Charges Axed

    Three defendants accused of bribing high school basketball stars and coaches to steer players to college teams sponsored by Adidas urged a New York federal judge to throw out the criminal charges against them, arguing the government hasn’t established that they committed fraud.

  • September 13, 2018

    UK Puts Limits On Ex-SFO Chief's New Role At Slaughter

    The former head of the Serious Fraud Office will be kept away from working on any matters he was involved with while he led the U.K.'s white collar watchdog when he joins City law firm Slaughter and May as a senior consultant, according to a government letter published Wednesday.

  • September 12, 2018

    Ecuador Bank Cleared To Collect Fraud Judgment In Fla.

    A Florida appeals court upheld a lower court’s decision Wednesday allowing the Central Bank of Ecuador to collect a portion of a fraud judgment worth hundreds of millions against three brothers from an Orlando property’s corporate owner, in which one of the brothers invested proceeds of the fraud.

  • September 12, 2018

    Platinum Partners D&O Insurer Can't Slip $5M Liability

    A New York judge has rejected an excess directors and officers liability insurer’s bid to avoid responsibility for up to $5 million in expenses incurred by executives at Platinum Partners who face criminal charges over an alleged $1 billion “Ponzi-like” scheme at the hedge fund, holding that the insurer cannot invoke a policy exclusion to deny coverage.

  • September 12, 2018

    McCabe Weisberg Exits Foreclosure Services FCA Case

    The relator behind False Claims Act litigation alleging that Fannie Mae, Freddie Mac and the federal government were overcharged for foreclosure services has voluntarily dropped claims against the law firm McCabe Weisberg & Conway PC and two affiliate vendors, according to a filing that a New York federal judge signed on Tuesday.

  • September 12, 2018

    Latvian Man Sentenced For U.S. News Site ‘Scareware’ Scam

    A Latvian man was sentenced Wednesday in Minneapolis federal court for his role in a lucrative “scareware” hacking that targeted visitors to the Minneapolis Star Tribune’s website, according to a U.S. Department of Justice announcement.

  • September 12, 2018

    NY DA Fights Weinstein's Bid To Dodge Rape Charges

    The Manhattan District Attorney urged a state judge on Wednesday to reject Harvey Weinstein’s effort to see grand jury materials and dismiss the sexual assault and rape charges against him, saying its investigation was proper and that Weinstein has gotten all the information he is entitled to.

  • September 12, 2018

    Law Schools Struggle To Find Themselves In Post-Recession Market

    Classes on blockchain and artificial intelligence. Crash courses in business and financial markets. These are a few ways law schools are preparing students for a job market that is struggling in the wake of the recession.

  • September 12, 2018

    Ex-Detroit IT Official Gets 20 Months For Taking Bribes

    A former Detroit official was hit with a 20-month prison sentence Tuesday in Michigan federal court after pleading guilty to accepting more than $29,500 in bribes from information technology companies seeking preferential treatment for city contracts, according to the U.S. Department of Justice.

  • September 12, 2018

    Md. Baccarat Dealer Pleads Guilty To $1M Card Scheme

    A former baccarat dealer at the MGM National Harbor near Washington, D.C., has pled guilty in Maryland federal court to conspiring with players to cheat the casino out of more than $1 million with a card-photographing scheme.

  • September 12, 2018

    Russian Cybercriminal Pleads Guilty To Operating Botnet

    A Russian computer programmer, a “prolific cybercriminal,” pled guilty Wednesday in Connecticut federal court to charges related to his operation of the so-called Kelihos botnet, a global network of computers harvesting login credentials and spewing malicious software, according to the U.S. Department of Justice.

  • September 12, 2018

    Microsoft Calls For Limits On Gov’t Access To Consumer Data

    Microsoft has called for international agreements to protect consumer privacy and standardize law enforcement’s access to evidence, in an announcement that attorneys say, although constructive, raises more questions about how service providers will deal with international data grabs.

Expert Analysis

  • Travel Act Gets Mileage In Health Care Cases

    Bradley Smyer

    In U.S. v. Beauchamp, a Texas surgeon recently agreed to plead guilty to federal conspiracy and violation of the Travel Act for his role in an alleged scheme involving millions of dollars in bribes and kickbacks for patient referrals. The case confirms that the Travel Act has officially come to health care enforcement, say Bradley Smyer and Mia Falzarano of Alston & Bird LLP.

  • 2nd Circ. Restricts The FCPA's Reach

    Brad Karp

    The Second Circuit’s opinion last week in U.S. v. Hoskins limits the U.S. Department of Justice’s ability to prosecute foreign individuals or companies for Foreign Corrupt Practices Act violations. The opinion also flatly contradicts the U.S. Securities and Exchange Commission’s 2012 FCPA resource guide, say attorneys with Paul Weiss Rifkind Wharton & Garrison LLP.

  • Why Courts Should Apply Escobar In Criminal Cases

    Antonio Pozos

    In the two years since the U.S. Supreme Court's Escobar decision set off waves of litigation over materiality in civil False Claims Act cases, it has largely failed to gain traction in criminal fraud prosecutions. However, the ruling has broad implications in criminal law, say Antonio Pozos and Mark Taticchi of Drinker Biddle & Reath LLP.

  • Why Michael Cohen's Campaign Law Violations Are Crimes

    Ann Ravel

    With Michael Cohen's plea deal last week, campaign finance law has suddenly become a hot topic. But few people understand the intricacies or even the purpose of campaign finance laws. The assertion that other campaigns have had similar violations is completely erroneous, says Ann Ravel, former chair of the Federal Election Commission.

  • 4 Key Components To New Firm Partnership Agreements

    Russell Shinsky

    A well-drafted partnership agreement protects a law firm's founders, establishes a process for new and outgoing partners, and sets forth guidelines for navigating conflict along the way. Startup firms can begin with something less complex, but there are important elements that every agreement should include, says Russell Shinsky of Anchin Block & Anchin LLP.

  • Opinion

    Open The Federal Courthouses

    David Oscar Markus

    Forget about cameras, reporters in the Manafort trial were not even permitted in the courtroom with their phones, tablets or computers. That meant no live reporting on Twitter and no emails to the newsrooms with updates. In a world focused on information and news as it happens, this is unacceptable, says trial attorney David Oscar Markus.

  • Opinion

    A Case For Impeaching President Trump

    Barbara Radnofsky

    U.S. impeachment practice permits the strategic combination of claims in “omnibus” or “catch-all” articles. With that in mind — and considering precedent set by the Clinton impeachment and others — attorney Barbara Radnofsky offers her version of an omnibus article of impeachment against the current U.S. president.

  • Look Out, Tax Zapper Users: Feds Join State-Level Crackdown

    Matthew Lee

    Two weeks ago federal prosecutors announced criminal tax charges against the owners of five Chicago-area restaurants as part of an ongoing federal investigation into the underreporting of gross receipts using sales suppression software. These cases are significant not only as the first federal charges against business owners in many years but also because they appear to be part of a larger investigation of Chicago-area businesses that use zappers, says Matthew Lee of Fox Rothschild LLP.

  • In SDNY, Indicting Politicians Is The New Black

    Andrew Bauer

    The indictment earlier this month of U.S. Rep. Christopher Collins, R-N.Y., on insider trading charges is the latest in a series of prosecutions that demonstrate the Southern District of New York's growing effort to hold accountable those who take advantage of their influence for improper gain, say attorneys with Arnold & Porter.

  • 'High Availability' — A Key Term In Law Firm IT Strategy

    Jeff Norris

    While most law firm executives and partners may instinctively want to tune out terms like "high availability" and "disaster recovery" — concepts that IT managers usually worry about — there are five reasons you should lean in and wrestle with the vocabulary, say Jeff Norris of Managed Technology Services LLC and Greg Inge of information security consulting firm CQR.