A Texas woman is seeking dismissal of her conviction for running a multimillion-dollar fraud scheme that involved tricking law firms into paying her and several co-conspirators proceeds of fake settlements, arguing Friday that a Florida federal court failed to comply with the Speedy Trial Act and violated her constitutional rights.
The U.S. Securities and Exchange Commission on Monday hit a hedge fund manager and his investment advisory business partner with a Massachusetts federal suit alleging they cheated more than 50 hedge fund investors out of $11.2 million.
The U.S. Securities and Exchange Commission scoffed Monday at a retrial request from a broker found to have sold $22 million in unregistered investment vehicles disguised as partnerships in oil and gas drilling, telling a Texas federal court he is merely repackaging an already-rejected reconsideration bid.
The U.S. Supreme Court has declined to review the three-month prison sentence a pair of Quality Egg LLC executives received for their alleged role in failing to prevent a national salmonella outbreak, denying their argument that the penalty trampled their constitutional due process rights.
A potentially friendly looming Supreme Court decision helped the wife of fugitive former Oak Investment Partners moneyman Iftikar Ahmed win more time Monday in her effort to keep millions of dollars the U.S. Securities and Exchange Commission says should fund a potentially large fraud judgment against her husband.
The U.S. government on Sunday urged a Connecticut federal judge to reject a man’s bid for more detailed information on his alleged scheme to overbill the city of Hartford while pursuing the construction of a professional soccer stadium, saying he had ample time to review the “significant and voluminous” discovery materials.
A New Jersey federal judge on Monday sentenced a Ukrainian hacker to time served for his role in a roughly $30 million plot to trade securities based on nonpublic information stolen from the servers of press release newswires, citing his cooperation with the criminal probe into the global scheme.
The Fifth Circuit on Friday affirmed a lower court’s upholding of an enhancement to the prison sentence a man faced for illegally re-entering the U.S., determining that the time he spent in a California work release program counted toward what he served for a previous drug conviction.
New York federal prosecutors must give Martin Shkreli copies of grand jury subpoenas that had been served to his former company, Retrophin Inc., as part of an upcoming securities fraud trial, a federal judge said Friday.
A New York bankruptcy court was right to scrap the sale of a $230 million claim by the liquidator for an offshore Bernard L. Madoff feeder fund to a hedge fund, the Second Circuit affirmed on Monday, saying offshore Chapter 15 sales are still subject to U.S. court review.
Citigroup Inc. agreed to forfeit $97.4 million as part of a federal nonprosecution agreement to resolve criminal allegations that Citi subsidiary Banamex USA violated the Bank Secrecy Act by willfully failing to maintain an effective anti-money laundering compliance program, officials said Monday.
A Michigan doctor has been sentenced to 19 years in prison after being convicted for his role in a practice that wrote fraudulent prescriptions for opioids and falsely billed Medicare.
Former Illinois Gov. Rod Blagojevich asked the Seventh Circuit to take on his case for a third time on Friday, petitioning for the full court to reconsider whether his 14-year sentence is still appropriate given that several of his corruption convictions were thrown out.
A month before the Pennsylvania federal corruption trial against him is set to begin, Philadelphia District Attorney Seth Williams on Friday filed a slew of motions seeking to limit testimony and to trim claims from his criminal indictment by citing the Supreme Court’s recent McDonnell decision.
A software developer arrested in late 2015 has pled guilty to economic espionage and theft of a trade secret in connection with stolen source code from his former employer and his apparent efforts to sell it and use it for the Chinese government, prosecutors said Friday.
Recently fired FBI director James Comey has agreed to testify in open session before the Senate Select Committee on Intelligence on his role in the ongoing probe into Russian interference in the 2016 presidential election, the ranking senators of the committee announced late Friday.
An attorney with Prenda Law who pled guilty in March to scheming to extort millions in fraudulent copyright infringement settlements from people who downloaded pornographic movies has agreed to be disbarred, according to the Illinois Attorney Registration and Disciplinary Commission.
The American Civil Liberties Union pressed federal immigration authorities Friday for more information about how they're using cellphone tracking technology known as Stingrays to locate targets of deportation actions, following the revelation that officials had used this tactic to find a man facing immigration and fraud charges in Michigan.
A former manager of two New York health care clinics on Friday was sentenced to over three years in prison for taking part in a $70 million scheme to defraud Medicare and Medicaid by paying beneficiaries to undergo medically unnecessary tests for which the clinics could then bill the government.
A Florida couple who were sentenced to probation and restitution after they were convicted of wire fraud for failing to disclose during the sale of their home that they got a $150,000 insurance check for a sinkhole they didn’t fix saw their sentences upheld by the Eleventh Circuit on Friday.
Aggressive prosecutors could argue that a Section 1001 violation is complete as soon as a falsified record is entered into a government contractor’s internal database — even if the contractor rectifies the situation before the record is actually presented to the government. But two cases provide contractors with a ready counterpoint, say Joseph Barton and Laura Alexander of Sheppard Mullin Richter & Hampton LLP.
Allowing attorneys to telecommute may seem like a great fix for law firms. But without significant changes to the firm's culture, telecommuting is just a patch applied to the problem of attrition, says Michael Moradzadeh, founding partner of Rimon PC.
When combined, the penalties of all agreed-to deferred prosecution agreement settlements in the United Kingdom total roughly 530 million pounds, but public fines are often just the tip of the iceberg. Though a good compliance program may be the best defense against corporate wrongdoing, executives should nonetheless take steps to cooperate with prosecutors and embrace independent scrutiny, says Jonathan Middup of Ernst & Young LLP.
If independent compliance monitorships are to remain an important part of how the U.S. government resolves corporate investigations, it is imperative that courts eliminate recent uncertainty and protect monitor reports from public disclosure, says John Wood, a partner at Hughes Hubbard & Reed LLP and former U.S. attorney for the Western District of Missouri.
Effective visuals require effective design. In her new book, "Images with Impact: Design and Use of Winning Trial Visuals," published by the American Bar Association, trial lawyer and Jones Day partner Kerri Ruttenberg discusses how to design and use visuals to help viewers understand, believe and remember the messages being conveyed.
General counsel at four law firms share the biggest issues they face in an increasingly complex legal environment.
The U.S. Supreme Court's Manrique decision, along with a recent Second Circuit decision, seems to suggest that the federal appellate courts prefer a regime in which litigants must be constantly filing appeals concerning the amount of restitution. This seems to impose unnecessary burdens on litigants and the appellate courts, say Harry Sandick and Clint Morrison of Patterson Belknap Webb & Tyler LLP.
At this point, most seem surprised by the recent suicide of Aaron Hernandez, former New England Patriots tight end who was sentenced to life in prison for murder. It is likely that when the investigations are complete, Hernandez’s family will file a lawsuit. Let’s take a look at what cases arising from inmate suicide entail, says Jill Stanley Cohen of Cohen & Cohen PC.
It is tempting to simply blame Wells Fargo’s C-suite for creating a corporate culture that fostered unethical behavior. Yet, a recent investigation into the bank's sales practices tells a deeper story about its corporate control functions and how they failed to fulfill their ultimate mandate — protecting the business from risk, says Brian Tomkiel, director of compliance at Gap Inc.
A 1979 study of attorney-client interactions revealed startling information: Despite years of education and training to hone their legal expertise, attorneys were not acting as independent counselors but rather allowing their clients to control them. Our experience is that this trend has accelerated, say dispute resolution experts Robert Creo and Selina Shultz.