White Collar

  • June 21, 2017

    NJ Biz Owner Charged In $1M 'Pump-And-Dump' Scheme

    Federal prosecutors on Wednesday announced that they charged a New Jersey man who ran what appeared to be a business consulting firm with participating in a $1.1. million scheme to inflate the stock of a health supplements company he controlled.

  • June 21, 2017

    NYC Tax Fraudster Tells 2nd Circ. US Atty Broke Plea Deal

    The convicted ringleader of a crooked tax preparation shop asked the Second Circuit on Wednesday to vacate his nine-year prison term for running a $3.5 million tax fraud scheme that made thousands of illegal claims based on information gleaned from a corrupt New York City official, saying prosecutors breached the terms of his plea deal.

  • June 21, 2017

    Feds Want 10 Years For Bitcoin Exchange Operator

    New York federal prosecutors Tuesday sought a 10-year minimum prison term for Coin.mx operator Anthony Murgio after he pled guilty to bank fraud and other charges, ripping his “self-serving gloss” on his misdeeds and saying a lesser sentence would send a bad signal.

  • June 21, 2017

    Ditched $4M Forfeiture Bid Just The Beginning Post-Honeycutt

    The U.S. Supreme Court's recent Honeycutt ruling gives defendants a powerful tool to fight joint forfeiture and they're using it, leaving prosecutors to argue against its application in individual cases or cut deals — and in one case to abandon a $4 million forfeiture bid.

  • June 21, 2017

    MGM Grand, Canadian Banks Settle Gambling Fraud Claims

    A pair of Canadian bank entities whose employee allegedly falsified payment guarantees for a gambler who lost $1.5 million at the MGM Grand have agreed to pay an undisclosed amount to the casino to settle the claims, according to documents filed in Nevada federal court on Wednesday.

  • June 21, 2017

    Feds Seek To Oust Texas Politico's Atty Over Client Conflict

    Federal prosecutors said in a motion unsealed Tuesday that the lawyer defending Texas state Sen. Carlos Uresti in a securities fraud case tied to a fracking sand company should be disqualified because he previously represented a client whom Uresti, also an attorney, allegedly defrauded.

  • June 21, 2017

    Feds Flag Philly DA's Messy Finances In Corruption Trial

    Federal prosecutors shined a spotlight on Philadelphia District Attorney Seth Williams’ financial woes on the second day of his corruption trial Wednesday, as jurors learned how he struggled to pay bills even when earning almost $200,000 annually.

  • June 21, 2017

    Latham Nabs Ex-DOJ Criminal Head In San Francisco

    Latham & Watkins LLP upped its white collar firepower Wednesday with the hire of Leslie Caldwell, a veteran of the U.S. Department of Justice who most recently led its Criminal Division, as a partner in San Francisco.

  • June 21, 2017

    Former Charity Manager Denies Iran Link In Forfeiture Trial

    A longtime financial manager for the Alavi Foundation, the Iran-linked charity being targeted by the U.S. in a billion-dollar asset forfeiture trial, asserted Wednesday that the Mideast power had no influence over the charity's management of the 36-story Manhattan office tower at the heart of the case. 

  • June 21, 2017

    Ex-Prosecutor Who Drafted Swiss Bank Plan Joins Jones Day

    A tax litigator who once brokered a deal with the government of Switzerland to resolve Swiss banks’ potential criminal liabilities has joined Jones Day as a partner in New York after a three-year stint at DLA Piper.

  • June 21, 2017

    2nd Circ. Affirms Vending Machine CEO’s Fraud Conviction

    A Second Circuit panel on Wednesday affirmed the fraud conviction of the former CEO of a defunct vending machine sales company, finding that lies told by the company’s sales team about the money-making potential of the machines were not undone by the disclaimers in contracts signed by customers.

  • June 21, 2017

    Ballots Not Affected In 21 States Targeted By Russia: DHS

    Russia attacked election systems in 21 states as part of efforts to interfere with the 2016 U.S. presidential election, but those hacking attempts did not result in any ballots being changed, a senior U.S. Department of Homeland Security official said Wednesday.

  • June 21, 2017

    Man Admits Role In Michaels Credit Card Skimming Scheme

    A California man admitted to playing a leading role in a scheme that netted $420,000 from the stolen credit and debit card information of 94,000 Michaels Stores Inc. customers in 19 states, with New Jersey federal prosecutors announcing Tuesday that he faces up to 30 years in prison.

  • June 21, 2017

    News Outlet Presses Judge For Meningitis Juror Names

    A Massachusetts federal judge is waiting too long to release the names of jurors in the first meningitis outbreak case to go to trial, a news outlet said Wednesday.

  • June 21, 2017

    11th Circ. Revives ACLU Action Seeking Stingray Records

    The Eleventh Circuit held in a decision published Tuesday that a lower court wrongly rejected the American Civil Liberties Union of Florida’s discovery requests relating to whether a Sarasota law-enforcement officer was acting as a state or federal official when seeking authorization for the use of cellphone-tracking devices called Stingrays.

  • June 21, 2017

    Convicted Pharmacist, Feds Fight Over Sentencing Range

    Federal prosecutors and a pharmacist convicted of racketeering and fraud for his role in selling drugs that caused the 2012 meningitis outbreak continued to spar this week over the amount of money that should count against him for sentencing. 

  • June 21, 2017

    Plan To Abolish SFO Takes Backseat After Election Losses

    The British government appears to be reconsidering its plans to merge the Serious Fraud Office with the U.K.'s broader crime-fighting agencies after recent election losses, with the controversial proposal absent from the queen's speech outlining legislative priorities for the new Parliament on Wednesday.

  • June 21, 2017

    Adviser Gets 2 Years In $1.3M ‘Cherry-Picking’ Scheme

    A Massachusetts investment adviser who admitted he kept lucrative trades for himself while pawning off unprofitable ones to his clients was sentenced to two years in prison Wednesday.

  • June 21, 2017

    Plaintiffs Bar Perspective: Grant & Eisenhofer's Michael Barry

    Being a plaintiffs lawyer requires you to be entrepreneurial in addition to just being a good lawyer. You need to find and develop the cases, protect your clients’ interests, and always look ahead, says Michael Barry of Grant & Eisenhofer PA.

  • June 20, 2017

    7th Circ. Affirms Conviction For NBA Investment Adviser

    A Seventh Circuit panel issued a published decision Tuesday that affirmed the conviction of an ex-Chicago-area investment advisor who was accused of misrepresenting his assets and using financial information from clients, including NBA player Scottie Pippin, to secure more than $3 million in loans.

Expert Analysis

  • Questions Following Prevezon Money Laundering Settlement

    Elizabeth Prewitt

    The Prevezon case stands out as an example of the extraordinary lengths the U.S. government can and will go to assert jurisdiction over matters involving foreign entities and persons who commit crimes abroad to the detriment of foreign countries and citizens. However, since the matter settled, the government’s case was not tested at trial, say attorneys with Hughes Hubbard & Reed LLP.

  • My Milkshake Is Better Than Yours: Part 1

    Jill Dessalines

    As I sat there listening, incredulous to learn that "Milkshake" was not only a real song but also a chart-topper, it reminded me of Harvard Business School Professor Clayton Christensen’s work on disruptive innovation — and how it pertains to mid-size law firms, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp.

  • Weekly Column

    Talking 'Bull': Episode 23, Benevolent Deception

    Roy Futterman

    Most of the jury consulting on this show has consisted of illegal and unethical behavior amid nonsensical trial practices, but at the end of the day, it has probably not done permanent damage to the U.S. legal system — so far, says jury consultant Roy Futterman as the debut season of the CBS show "Bull" comes to a close.

  • Unaoil Judgment Shows Judicial Support For SFO Authority

    Kevin Roberts

    In its Unaoil ruling, the High Court of Justice in England and Wales recently provided a rare insight into the difficulties that companies can face when challenging the basis of a Serious Fraud Office investigation. The stance of the judiciary seems to be in line with authorities and legislators, allowing prosecuting authorities a wide remit of independence with which to investigate financial crimes, say attorneys with Morrison & Foerster LLP.

  • Concerns And Conflicts When Investigating Gov't Officials

    David Frulla

    The appointment of former FBI Director Robert Mueller as special counsel to investigate Russia’s efforts to interfere in the 2016 presidential election invoked a well-trod path, both in the U.S. and around the world. However, deputizing an outside attorney to investigate actions by high-ranking government officials brings with it two sets of concerns that are often in tension, says David Frulla of Kelley Drye & Warren LLP.

  • Attorneys, Your Input Is Needed On Deposition Rule

    Frank Silvestri, Jr.

    Every lawyer who’s handled a civil case in federal court knows about Rule 30(b)(6), governing deposition procedures. But for many real-world deposition dilemmas, the rule offers little guidance. Last year, an Advisory Committee on Civil Rules subcommittee began considering whether the rule should be amended. Now attorneys must advise the subcommittee how to proceed, says Frank Silvestri Jr. of Verrill Dana LLP.

  • Why Insider Benefit Is Irrelevant To Criminal Insider Trading

    David Chaiken

    Lawyers and commentators have spilled oceans of ink analyzing what kind of insider benefit and what level of tippee knowledge of such benefit are sufficient to establish liability for insider trading. But what has been largely ignored is that in criminal insider trading cases, the U.S. Department of Justice is legally empowered to avoid those issues entirely, say David Chaiken of Troutman Sanders LLP and Paul Monnin of Paul Hastings LLP.

  • How Client Feedback Programs Benefit Law Firms And Clients

    Elizabeth Duffy

    Despite an increase in engagement with client feedback programs over the last 15 years, law firms — and their clients — have a way to go before realizing the maximum benefits such programs can deliver, says Elizabeth Duffy of Acritas US Inc.

  • Where India's Companies Act Meets The FCPA

    David Simon

    Under Indian law, companies that meet certain size or financial activity thresholds are required to set aside a fixed percentage of their net profits toward corporate social responsibility spending. While making these contributions, companies may find themselves exposed to significant risk under the Foreign Corrupt Practices Act, say David Simon and John Turlais of Foley & Lardner LLP and Sherbir Panag of the Law Offices of Panag & Babu.

  • A Futile Limit On Online Auctions For Medical Supplies

    Stephen Sozio

    A Connecticut federal court's recent decision in MedPricer.com v. Becton, Dixon and Company, holding that an online auction service for the purchase of medical supplies violates the Anti-Kickback Statute, unnecessarily limits a means of reducing health care costs and is inconsistent with the spirit and language of the AKS, say Stephen Sozio and Kristine Gallagher of Jones Day.