We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

White Collar

  • June 13, 2018

    Immigration Atty Urges Court To Rethink DQ In EB-5 Suit

    A Chicago-based immigration attorney accused by the U.S. Securities and Exchange Commission of pocketing money from foreign investors seeking EB-5 visas urged an Illinois federal court Tuesday to rethink a decision barring him from representing several supplemental defendants in the case, rebutting contentions that there is a conflict of interest.

  • June 13, 2018

    Corrupt Ex-NYPD Deputy Chief Ducks Prison After Guilty Plea

    Michael Harrington, a former deputy chief with the New York Police Department who avoided trial on fraud and bribery charges by copping to a count of misusing government resources, avoided prison Wednesday when a Manhattan federal judge sentenced him to two years of probation.

  • June 13, 2018

    At SFO Trial Defense Claims Euribor Rig Was Honest Mistake

    A former Barclays PLC trader accused of illegally manipulating a key interest rate benchmark made an honest mistake when he asked colleagues to submit rates that would benefit the bank, his lawyer told a jury at a London crown court during closing arguments Wednesday.

  • June 12, 2018

    Boies Schiller Atty Sues FBI, DOJ Over McCabe Doc Requests

    One of Andrew McCabe’s attorneys at Boies Schiller Flexner LLP on Tuesday sued the FBI and the U.S. Department of Justice for allegedly holding out on a Freedom of Information Act request the lawyer says is essential for protecting and advancing the fired FBI deputy director’s legal interests.

  • June 12, 2018

    DOJ Charges 8 With Flouting Syria Fuel Sale Sanctions

    The U.S. Department of Justice announced Tuesday that it has charged eight foreign businessmen with conspiring to launder money and flout U.S. economic sanctions against Syria and Crimea by sending jet fuel to Syria via a Russian shipping company and freight forwarder.

  • June 12, 2018

    Ex-Morgan Stanley VP Traded On Hacked Co. Info, Jury Told

    A Brooklyn federal jury on Tuesday heard of how a former Morgan Stanley vice president and an ex-broker were allegedly part of a $30 million insider trading scheme that utilized hacked corporate press releases to trade ahead of earnings announcements and other company news, as an expected month-long trial kicked off.

  • June 12, 2018

    Disastrous Fyre Fest Organizer Nabbed In New Ticket Fraud

    The 26-year-old entrepreneur who pled guilty to fraud earlier this year after his plans for a music festival in the Bahamas left would-be concertgoers stranded and investors fuming was charged on Tuesday with running another event-ticket fraud scheme while on pretrial release.

  • June 12, 2018

    No Bail For Atty Accused Of Lengthy Cyberstalking Campaign

    A lawyer charged with a multiyear campaign of making threats against a woman he briefly dated was denied bail Tuesday by a Manhattan federal judge, who saw a mix of circumstances that created a "serious risk" that the suspect might harm or threaten the woman if released.

  • June 12, 2018

    Feds Say Intent A Non-Issue In South Korean Bribe Case

    Prosecutors are seeking to shut down an appeal by a Korean earthquake researcher convicted of laundering bribes, telling the Ninth Circuit on Monday that the South Korean law he violated does not focus on a bribe-taker's intent in the same way U.S. laws do.

  • June 12, 2018

    Payday Loan Scammer Gets 10 Years For $220M Scheme

    A Manhattan federal judge sentenced a convicted loan shark to 10 years in prison Tuesday for a decadelong payday lending scam, rejecting the 73-year-old defendant’s effort to blame the brother of a fellow convict for convincing him to set up the businesses.

  • June 12, 2018

    Pharma CEO Cops To $2M Drug Investment Fraud

    An Illinois man accused of pocketing about $2 million from investors in his Wisconsin pharmaceutical company by lying about his work surrounding an experimental drug pled guilty to a single count of wire fraud Tuesday.

  • June 12, 2018

    Pa. Atty Suspended After Guilty Plea In Gambling Scheme

    A Pennsylvania attorney has agreed to a suspension of his law license following a guilty plea last year on misdemeanor charges stemming from allegations that he aided a state lawmaker to support an Allegheny County illegal gambling ring.

  • June 12, 2018

    Swiss Banking Adviser Seeks Probation In Tax Scam

    A Swiss banking adviser caught in a U.S. crackdown on international tax evasion should get probation or time served, since officials with greater culpability avoided incarceration, her attorney said in a sentencing memorandum filed Monday in a New York federal court.

  • June 12, 2018

    Ex-NY State Rep Cops To Fraud, Obstruction Charges

    A former state legislator confessed in Brooklyn federal court on Tuesday to swindling New York City and the Federal Emergency Management Agency out of about $70,000 and admitted to having her sister lie to FBI investigators about it in a bid to cover her tracks.

  • June 12, 2018

    Fyre Festival Investor Can Pursue $3M Claim Amid Ch. 7

    A New York bankruptcy judge has agreed to let an investor for the doomed Fyre Festival pursue a $3 million claim against the company and its organizers while the beleaguered concert operation goes through liquidation.

  • June 12, 2018

    Ex-Insys Execs Can't Get More Info On Charges, Feds Say

    Federal prosecutors late Monday blasted an attempt by former executives at Insys Therapeutics Inc. to get more details about charges that they bribed doctors to boost sales of their fentanyl spray, saying the executives have more than enough information from the complaint and discovery.

  • June 12, 2018

    Ex-Locke Lord Partner Faces Financial Fraud Charges In UK

    A former banking partner at Locke Lord LLP will face two counts of fraud in an English court in July for allegedly inflicting financial losses on members of a multimillion-pound investment scheme, the Crown Prosecution Service told Law360 on Tuesday.

  • June 12, 2018

    Ex-Barclays Trader Key Player In Euribor Fix, Jury Told

    It is “blindingly obvious” that two former senior traders at Barclays PLC and Deutsche Bank AG were the main players in a "conspiracy" to game the financial system by rigging Euribor to benefit their trading positions, a prosecutor for the Serious Fraud Office told a London jury Tuesday.

  • June 11, 2018

    74 Arrested In Alleged Email Scam Targeting Wire Transfers

    Dozens of U.S. and Nigerian participants in alleged email scams targeting wire transfers have been arrested in the past six months, the U.S. Department of Justice announced Monday.

  • June 11, 2018

    US Extradites Ex-Panama Prez To Face Criminal Charges

    The U.S. shipped former Panama President Ricardo Martinelli home from Miami on Monday, almost exactly a year after the Central American nation requested his extradition to face charges that he conducted illegal surveillance and embezzled public money.

Expert Analysis

  • Finance-Savvy Millennials Are Shifting Business Of Law

    Michael Perlich

    The impact of millennials has already been felt within the legal community by our eagerness to embrace new technologies. One way that we will have potentially even more impact lies in our willingness to embrace new ways of developing business and financing law, says Michael Perich of Burford Capital LLC.

  • How To Do Time: Part 3

    Alan Ellis

    Most lawyers are understandably unable to advise a first-time federal inmate as to what it will be like in prison. Here, criminal defense attorney Alan Ellis and federal prison consultant J. Michael Henderson offer answers to questions attorneys, their clients, and their clients' family and friends may have about medical care in the Bureau of Prisons.

  • Opinion

    Attorney-Client Privilege Is Alive And Well

    Genie Harrison

    The FBI raid of the office of President Donald Trump’s personal lawyer set off a firestorm of controversy about the sanctity of the attorney-client privilege, epitomized by Trump's tweet that the "privilege is dead." But attorney-client privilege is never taken lightly — I have battle scars from the times I have sought crime-fraud exceptions, says Genie Harrison of the Genie Harrison Law Firm.

  • Money Laundering-Themed Securities Suits Are On The Rise

    Harry Dixon

    A recently settled shareholder suit against BancorpSouth was one in a series of securities class actions filed in the wake of money laundering-related enforcement actions. And this trend does not appear to be limited to the United States, says Harry Dixon of Taylor English Duma LLP.

  • Roundup

    Dissolving Practice

    Dissolving Practice

    In this series, experts discuss the unique aspects of closing a law firm, and some common symptoms of dysfunctionality in a firm that can be repaired before it's too late.

  • Series

    Dissolving Practice: How To Fix A Dysfunctional Law Firm

    Larry Richard

    I am often asked, “When there are one or more partner departures, what can a firm do to prevent this from escalating to a catastrophic level?” The short answer is “nothing.” Law firms need to adopt culture-strengthening lifestyles to prevent defections from occurring in the first place, says Larry Richard of LawyerBrain LLC.

  • What To Expect From The 2nd Criminal Spoofing Trial

    Jeffrey Brown

    Andre Flotron's upcoming criminal trial and the corresponding civil complaint demonstrate that regulators have the appetite to bring spoofing cases based largely on patterns observed in trade data. This data may be supplemented by the allegedly incriminating testimony of witnesses, say attorneys with Dechert LLP.

  • FinCEN's Customer Due Diligence Expectations: Some Clarity

    Michael Mancusi

    The Financial Crimes Enforcement Network's publication last week of a wide-ranging set of FAQs indicates that uncertainty as to FinCEN's new customer due diligence requirements is indeed widespread. Financial institutions should review and incorporate this guidance into their onboarding and due diligence procedures, say attorneys with Arnold & Porter.

  • CLOUD Act: Start Or End For Cross-Border Data Exchanges?

    Saad Gul

    The recently enacted Clarifying Lawful Overseas Use of Data, or CLOUD, Act was broadly supported by the technology industry, but the full implications will take time to become evident. However, some concerns are likely to manifest themselves early, say Saad Gul and Mike Slipsky of Poyner Spruill LLP.

  • Series

    Dissolving Practice: Partner Agreement Clauses That Can Help

    ​​​​​Leslie Corwin

    Given the competing public policies of protecting clients’ right to counsel of their choice, lawyer mobility, and the fiduciary duty partners owe to a dissolved firm, it behooves law firms to carefully review their partnership agreements to make sure they adequately spell out what happens in the unfortunate event that the law firm chooses to wind down, say ​​​​​Leslie Corwin and Rachel Sims of Blank Rome LLP.