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