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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.