White Collar

  • January 13, 2017

    Fla. Man Admits To $29M Ponzi Scheme, Development Fraud

    A Florida man pled guilty Friday in federal court in Miami to two counts of wire fraud in connection with a $29 million Ponzi scheme and a scheme to illegally obtain economic development funds from the state of South Carolina.

  • January 13, 2017

    Longtime US Atty Expected To Be DOJ Second-In-Command

    U.S. Attorney Rod Rosenstein of Maryland, one of a few Senate-confirmed federal prosecutors to have served under both Republican and Democratic administrations, is a frontrunner to become deputy attorney general, a source familiar with the transition said Friday.

  • January 13, 2017

    Fund Manager Pleads Guilty To $23M Commodities Fraud

    An investment manager on Friday pled guilty in a New York federal court to one count of commodities fraud after losing about $20 million in investment funds, much of it from family, friends and fellow Harvard alumni, and then generating phony account statements to keep the investors sweet.

  • January 13, 2017

    High Court To Weigh Murky Crime-Of-Violence Definition

    The U.S. Supreme Court will hear arguments Tuesday in an immigration dispute over whether part of the definition for a "crime of violence" is unconstitutionally vague, and experts say the case could both remove a deportation tool and open the door for future challenges to criminal provisions in immigration law.

  • January 13, 2017

    6th Circ. Affirms Whistleblower Can't Sue Morgan Stanley

    The Sixth Circuit on Friday upheld the dismissal of a former Morgan Stanley employee's retaliation lawsuit against the company, finding that his “vague assertions” of working with law enforcement don’t afford him whistleblower protections.

  • January 13, 2017

    Pharmacy That Sold Deadly Drugs Touted Safety, Jury Told

    A former sales representative at a Massachusetts pharmacy linked to the deadly 2012 meningitis outbreak testified Friday he was trained to tell prospective customers the company was fastidious about ensuring patient safety as he took the stand in the murder trial of the firm's former chief.

  • January 13, 2017

    Chile's SQM To Pay More Than $30M For FCPA Violations

    Chilean-based chemical and mining company Sociedad Quimica y Minera de Chile SA has agreed to pay more than $30 million to resolve criminal and civil allegations of violating the Foreign Corrupt Practices Act by funneling more than $15 million to Chilean political figures and associated entities, the U.S. Department of Justice said Friday.

  • January 13, 2017

    Dewey Execs Trying To Mislead Jury, Prosecutors Say

    The Manhattan district attorney’s office pushed back Friday at requests by attorneys for two former Dewey & LeBoeuf LLP executives for wide latitude in their cross-examination of the star cooperating witness in the upcoming retrial over alleged accounting fraud at the defunct law firm, saying the defense aims to mislead the upcoming jury.

  • January 13, 2017

    DC Circ. Won't Let Blackwater Guard Unseal Info For Appeal

    The D.C. Circuit on Friday declined to allow a former Blackwater guard convicted of murder over a 2007 shooting in Iraq to unseal certain statements he claims support overturning his conviction, saying he would have to present the statements in a closed session.

  • January 13, 2017

    SEC Whistleblower Prodded On Misconduct At Fraud Trial

    U.S. Securities and Exchange Commission whistleblower Jason Thorell sparred Friday over the extent of his wrongdoing at Visium Asset Management LP with the counsel for Stefan Lumiere, a former portfolio manager at the hedge fund being tried on criminal charges of scheming to overvalue a $480 million debt fund.

  • January 13, 2017

    Feds Tell Justices To Deny Ex-Dick's Atty's Forfeiture Appeal

    The federal government on Friday urged the U.S. Supreme Court to deny a bid by a former Dick's Sporting Goods attorney for review of the Second Circuit’s affirmation of a $1.3 million forfeiture order arising from his conviction for sending kickbacks to another lawyer.

  • January 13, 2017

    Tribe Says Leaders' Indictment Boosts Suit Against Bank

    The Paskenta Band of Nomlaki Indians told a California federal judge Thursday that the recent indictment of three former tribal officials on embezzlement charges bolsters its case against a bank that allegedly knew the ex-leaders were exploiting their positions to steal from the tribe.

  • January 13, 2017

    UBS Loses $1.2B Bail Challenge In Tax Fraud Investigation

    The European Court of Human Rights announced on Thursday that it has rejected UBS AG's challenge to a €1.1 billion ($1.24 billion) bail upheld by the French Supreme Court after the bank came under scrutiny for allegedly helping clients dodge taxes.

  • January 13, 2017

    Jason Galanis To Plead Guilty In $60M Tribal Bond Scheme

    Serial fraudster Jason Galanis is expected to plead guilty to his role in a scheme to induce a tribal entity to issue more than $60 million in bonds so he could steal the proceeds to finance previous criminal defense costs, his attorney revealed Friday in a New York federal court.

  • January 13, 2017

    3 Takata Execs Face Criminal Charges Over Air Bag Scheme

    Three Takata Corp. executives have been indicted on criminal charges for their alleged roles in a more than decadelong scheme to hide the truth about the company’s potentially deadly air bag inflators from automakers, federal regulators and the public, the U.S. Department of Justice announced Friday.

  • January 13, 2017

    Health Hires: 7 New Life Sciences, Health Additions

    The beginning of 2017 has seen Squire Patton Boggs LLP, Orrick Herrington & Sutcliffe LLP and Fenwick & West LLP grow their life sciences teams, and Dinsmore & Shohl LLP, Mandelbaum Salsburg PC, Saul Ewing LLP and Buchanan Ingersoll & Rooney PC expand their health care groups.

  • January 13, 2017

    Russia Bombshells Leave Sanctions Bar Guessing

    With President Barack Obama taking one final strike at Russia for its purported tampering in the U.S. election and President-elect Donald Trump facing a slew of explosive allegations of Moscow-related impropriety, sanctions attorneys have been left grasping at straws regarding what comes next in the two countries' fractious relationship.

  • January 13, 2017

    'Dance Moms' Star, Feds Battle Over Proper Sentencing

    Federal prosecutors and the star of Lifetime's reality television series "Dance Moms," now facing sentencing for hiding assets during bankruptcy proceedings, filed conflicting briefs on Thursday regarding whether or not she intended to block creditors from collecting in full and whether imprisonment is warranted.

  • January 13, 2017

    NY Fund Manager Shells Out $8M To SEC Over Ponzi Scheme

    The U.S. Securities and Exchange Commission announced on Thursday that a New York venture capital fund manager agreed to pay it $8 million in disgorgement for allegedly operating a $5 million Ponzi scheme involving fake purchases of Twitter and Uber shares.

  • January 13, 2017

    Supreme Court To Review Limitations On SEC Disgorgement

    The U.S. Supreme Court agreed Friday to review whether the U.S. Securities and Exchange Commission is subject to time limits when seeking ill-gotten gains, taking up a New Mexico investment adviser’s appeal of an issue that has split the circuits.

Expert Analysis

  • Managing Intergenerational Differences Within Your Law Firm

    Najmeh Mahmoudjafari

    We are privileged to be part of an employment market that hosts employees from various generations. While “differences” may imply inherent conflict, intergenerational differences can actually be used to an advantage for organizations — especially law firms, say Najmeh Mahmoudjafari, founder of ImmigraTrust Law, and William Martucci of Shook Hardy & Bacon LLP.

  • Talking 'Bull': Episode 8, Too Perfect

    Roy Futterman

    In this weekly column, real-life New York City jury consultant and psychologist Roy Futterman parses fact from fiction in "Bull," the new TV series airing on CBS about a fictional NYC jury consultant/psychologist. Spoiler alert ...

  • The Personal Benefit Test Post-Salman

    Daniel J. Kramer

    In its first opinion addressing the scope of insider trading liability in nearly 20 years, the U.S. Supreme Court limited its holding in Salman to gifts to friends or relatives, providing little clarity about the scope of the personal benefit requirement outside of that context, say attorneys with Paul Weiss Rifkind Wharton & Garrison LLP.

  • Philip Hirschkop: Quietly Making Noise For 50 Years

    Randy Maniloff

    The first paragraph of Philip Hirschkop’s obituary is going to contain the word "Loving." That’s undeniable. But many of Hirschkop’s other cases are just as groundbreaking in their own right. They aren’t household names like Loving, but they have affected millions in the nation’s households, says Randy Maniloff of White and Williams LLP.

  • Bravo-Fernandez: Did The Court Incentivize Overcharging?

    Justin V. Shur

    The unanimous decision by the U.S. Supreme Court in the case of Juan Bravo-Fernandez and Hector Martinez-Maldonado v. United States appears to be a setback for criminal defendants, potentially providing prosecutors with another incentive to charge overlapping counts based on a single predicate offense, say Justin Shur and Lisa Bohl of MoloLamken LLP.

  • Anti-Money Laundering Enforcement In 2017: What To Expect

    Mark A. Rush

    Over the past two years, financial regulatory bodies in the United States and Europe have increasingly emphasized consumer due diligence by financial institutions as a means to combat money laundering and terrorist financing, especially with respect to “high-risk” products. This trend is expected to continue in 2017, say attorneys with K&L Gates LLP.

  • Lessons From DOJ Treatment Of Tony Hu For Sales Tax Fraud

    Matthew Lee

    A federal judge recently sentenced well-known Chicago restaurant owner Tony Hu to prison for carrying out an extensive scheme to avoid paying state sales tax collected from customers of his establishments. Two important lessons may be drawn from this criminal case, says Matthew Lee of Fox Rothschild LLP.

  • Can A Yankees Fan Get A Fair Trial In New England?

    Daniel E. Wenner

    Rhode Island, which has no Major League Baseball team of its own, is basically part of Red Sox nation. So what happens when a defendant is tried for bank fraud in Rhode Island before a jury that learns that he’s a Yankees fan? Day Pitney LLP partner and former federal prosecutor Daniel Wenner reviews the case.

  • DOJ Crackdown On Employee Recruiting And Compensation

    Daniel G. Swanson

    In addition to providing practical guidelines regarding application of federal antitrust laws to hiring practices and compensation decisions, recent guidance from the U.S. Department of Justice and Federal Trade Commission announces a significant shift in enforcement policies with its statement that the DOJ intends to proceed criminally against naked wage-fixing and no-poaching agreements, say attorneys at Gibson Dunn & Crutcher LLP.

  • Will The FCPA Get Trumped?

    Michael J. Shepard

    While we do not know what approach the Trump administration will actually take toward the FCPA, there is for the first time at least a reasonable chance that the long-standing upward trajectory of FCPA enforcement, and the industry that has grown around it, is at the top of a roller coaster, say Michael Shepard and Gejaa Gobena of Hogan Lovells.