White Collar

  • October 6, 2017

    California Man Sentenced For Selling Counterfeit Air Bags

    A California man on Thursday was sentenced to a year and a day in prison, after pleading guilty to selling counterfeit Honda, Fiat Chrysler, Nissan, Toyota, GMC, Ford and other automakers’ air bags on eBay and other internet sales sites, the U.S. Department of Justice said.

  • October 6, 2017

    Psychic Cops To Hiding $3.5M In Exorcism Income From IRS

    A Florida woman who claimed to be a psychic pled guilty Thursday to hiding more than $3.5 million that she earned performing exorcisms on an elderly woman seeking to rid herself of demons, the U.S. Attorney’s Office for the District of Massachusetts announced.

  • October 6, 2017

    Agency To Pay $26M In Row Over Unfinished Navajo Homes

    The Navajo Housing Authority has agreed to pay $26 million to settle a dispute with the federal government over unfinished affordable housing projects from 2012, according to the agency.

  • October 6, 2017

    1st Circ. Upholds Calif. Atty's Pump-And-Dump Conviction

    The First Circuit on Friday upheld a California lawyer’s conviction over a $3 million stock pump-and-dump, upholding the denial of his acquittal motion and saying that even if under his “novel theory” co-conspirators could sell unregistered stock, he still told “admitted lies” that enabled fraud.

  • October 6, 2017

    4 Men Charged In $16M Pentagon Kickback Scheme

    Four men, including a government employee, have been charged with operating a kickback and bribery scheme that saddled the Department of Defense’s Office of Inspector General with more than $15.7 million in fraudulent payments on a telecommunications contract, according to an indictment unsealed Thursday in Virginia federal court.

  • October 6, 2017

    Accused NSA Leaker Reality Winner Denied Bail Again

    A Georgia federal judge Thursday shot down a request from a former government contractor accused of leaking national defense information to an online media outlet for release on bail pending her trial for violations of the Espionage Act, saying she poses a danger to national security and a significant flight risk.

  • October 6, 2017

    Energy Networking Site Creator Gets Year And A Day For Hack

    The creator of a Texas oil and gas industry professional networking website who sold the company for $51 million, then hacked in to steal information while launching a competitor, was sentenced to a year and a day in prison by a Manhattan federal judge on Friday.

  • October 6, 2017

    NCAA Basketball Bribe Case Calls Amateurism Into Question

    College basketball is reeling from criminal corruption charges over schemes involving sports agents and shoe company executives that flout National Collegiate Athletic Association amateurism rules, but some experts say the case raises questions over the efficacy of the amateur system as college basketball has become a billion-dollar business.

  • October 5, 2017

    Tax Court Orders Transferee To Settle $6.9M Liability Row

    The U.S. Tax Court refused to allow a convicted tax evader to withdraw his own lawsuit challenging the IRS over $6.9 million in liabilities and ruled instead, in a published opinion released Thursday, that the taxpayer must reach an agre​ement with the IRS, despite his insistence that he has already done so.

  • October 5, 2017

    Atty Ordered To Pay $13.7M In SEC Pump-And-Dump Case

    An attorney accused by the U.S. Securities and Exchange Commission of reaping millions from a penny stock pump-and-dump scheme was ordered by a California federal judge on Thursday to pay $13.7 million after he didn’t appear to contest the government’s charges.

  • October 5, 2017

    Expert Tells Of HSBC Trading Frenzy Around $3.5B Forex Deal

    A foreign currency exchange expert on Thursday told a Brooklyn federal jury of how HSBC traders on both sides of the Atlantic swarmed to trade ahead of a $3.5 billion currency trade the bank executed for Cairn Energy PLC, making millions of dollars for the bank to the detriment of the oil and gas developer.

  • October 5, 2017

    NY Real Estate Cos. Move To Limit Russian Bank Theft Inquiry

    A web of companies that own several New York City apartments urged a bankruptcy court on Wednesday to quash what they believe are overly broad subpoena requests from a trustee for an insolvent Russian bank investigating whether the real estate was purchased with funds embezzled by the bank’s former president.

  • October 5, 2017

    Feds Re-Up Bid To Ban 5 Experts In Ex-Katten Atty's Trial

    The former Katten Muchin Rosenman LLP attorney about to face trial for allegedly helping his then-client Martin Shkreli defraud the pharmaceutical company Retrophin Inc. is defying standard rules on pretrial disclosures regarding five experts, prosecutors told a New York federal court on Wednesday in defending their request for disqualification.

  • October 5, 2017

    Wilmington Trust Seeks Doc Delivery Or Trial Delay

    Wilmington Trust Corp. on Thursday asked a federal judge to compel Federal Reserve Board compliance with a document and records subpoena by Friday or delay a securities fraud case now slated to begin on Oct. 10, saying the Fed had failed to justify delays.

  • October 5, 2017

    Meningitis Pharmacist Brushed Off Concerns, Colleague Says

    A Massachusetts pharmacist accused of second-degree murder for his role in the 2012 meningitis outbreak linked to his drugs was brusque and vulgar when people raised safety concerns, a former colleague testified Wednesday and Thursday.

  • October 5, 2017

    Rakoff Sets February Date For DMX Tax Fraud Trial

    U.S. District Judge Jed S. Rakoff on Friday agreed to a February 2018 date for the New York federal tax fraud trial of rapper DMX, but warned attorneys at both tables that the date, which is months later than the judge had planned, "will not move."

  • October 5, 2017

    2nd Circ. OKs Lending Fraudster's 6½-Year Ding On 2nd Go

    A Second Circuit panel Thursday upheld an advance fee fraudster's 6½-year sentence, finding a New York federal judge corrected an error she made when first doling out the prison term, which the appeals court initially struck down last year.

  • October 5, 2017

    2nd Circ. Upholds Sentence For Trying To Get F-35 Info To Iran

    The Second Circuit on Thursday backed the eight-year sentence of an Iranian-American who pled guilty to violating the Arms Export Control Act by trying to send stolen information about military jet engines and the F-35 fighter jet to Iran, saying he understood the charges and was not pressured into a deal by the lower court.

  • October 5, 2017

    Jilted Pa. Medical Marijuana Bidder Drops License Challenge

    A company claiming it lost out on a lucrative medical marijuana growing and processing permit after a rival failed to tell Pennsylvania regulators about a criminal probe it was facing agreed Wednesday to drop a lawsuit challenging the state’s decision in the bidding process.

  • October 5, 2017

    PE CEO's Appeal Left Hanging By Final Judgment Delay

    A New York federal judge on Thursday declined to issue a final judgment in the $5.7 million employee defamation verdict against private equity CEO Benjamin Wey, saying a pending breach of contract claim overlaps the defamation claim, creating a risk of piecemeal appeals.

Expert Analysis

  • The Spoofing Statute Is Here To Stay

    Clifford Histed

    With the Seventh Circuit’s recent affirmation of spoofing and fraud convictions against Michael Coscia in the first criminal prosecution under the spoofing statute, traders should keep in mind the different pieces of evidence that the government used to assemble the puzzle for the jury, say Clifford Histed and Gilbert Perales of K&L Gates LLP.

  • Series

    Notes From A Law Firm Chief Privacy Officer: Insider Risks

    Wagner.jpg

    As law firms hold sensitive information not only related to the firm but to the firm’s clients, an insider threat — whether it's a "bad actor employee" or inadvertent activity — poses a particular concern. There are steps that privacy officers can initiate to help minimize these threats, says Patricia Wagner, chief privacy officer for Epstein Becker Green.

  • Texts And Message Apps Are Changing Internal Investigations

    Jessica Nall

    The near-universal use of text messaging and other mobile communication platforms should prompt a major shift in how evidence is gathered and considered in internal corporate investigations, say Jessica Nall and Claire Johnson of Farella Braun & Martel LLP.

  • Series

    Notes From A Law Firm Chief Privacy Officer: Balancing Act

    Kristin Jones

    As the role of law firm chief privacy officer becomes more prevalent and expansive, many CPOs are finding themselves in the midst of a delicate balancing act — weighing compliance with government regulations and client requirements on one side with the needs of firm business on the other, says Kristin Jones, chief privacy officer for Stradley Ronon Stevens & Young LLP.

  • 8 Years Of Health Care Enforcement: Doing Less With More

    Michael Loucks

    Despite the allocation of an additional $708 million in health care enforcement resources between 2008 and 2016, increases in financial recoveries and the prosecution of individuals never materialized. Attorneys with Skadden Arps Slate Meagher & Flom LLP explore what happened and what can be changed.

  • How The IPad Can Be A Litigator's Best Friend

    Paul Kiesel

    New mobile computing tools — both hardware and applications — are changing the technology paradigm for legal practitioners. In particular, the combination of the 12.9-inch iPad Pro, the Apple Pencil and the LiquidText annotation app can revolutionize both trial preparation and courtroom litigating, says attorney Paul Kiesel, in his latest review of tech trends.

  • Series

    Notes From A Law Firm Chief Privacy Officer: CPO Vs. CISO

    Mark McCreary

    To understand the role of the law firm chief privacy officer — and why that person ought to be a lawyer — it’s important to distinguish the role they fill from that of the chief information security officer, says Mark McCreary, chief privacy officer for Fox Rothschild LLP.

  • Type C: The Antitrust Division’s Newest Leniency Program

    Mark Rosman

    The U.S. Department of Justice's recent "clarification" of a significant aspect of the corporate leniency program might appear to reinforce a long-standing approach to employees of Type B leniency applicants, but it also introduces uncertainty — and might create an entirely new type of leniency, say former federal prosecutors Mark Rosman and Jeff VanHooreweghe of Wilson Sonsini Goodrich & Rosati PC.

  • Budgetary Scoring Rules Are To Blame For FBI HQ Setback

    Dorothy Robyn

    The Trump administration should exempt the stalled FBI headquarters project from a perverse set of budgetary scorekeeping rules, and start a much-needed re-examination of our approach to government buildings, say Dorothy Robyn, former GSA public buildings commissioner, and Steve Sorett of Kutak Rock LLP.

  • 5 Questions To Ask Before Entering Joint-Representation AFA

    Natalie Hanlon Leh

    One growing trend is for clients to enter into alternative fee arrangements in which one law firm represents multiple parties who “share” fees and costs in a related matter. This way parties can more efficiently manage a matter and reduce their individual legal fees. But joint representation is not without its own risks and challenges, say attorneys with WilmerHale.