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White Collar
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April 18, 2025
Temple Prof. Claims Colleague Stole From 'Rapping' Business
A faculty member at Temple University with a side job doing speaking engagements as "The Rapping Professor" claims that his partner in the business mishandled funds, according to a lawsuit filed in Philadelphia state court.
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April 18, 2025
JPMorgan, BofA Face GOP Pressure Over Chinese Co.'s IPO
The chair of a China-focused U.S. House committee has urged Bank of America and JPMorgan Chase & Co. not to underwrite a Hong Kong initial public offering of Contemporary Amperex Technology Co. Ltd. over concerns the Chinese electric car battery maker is affiliated with the Chinese military.
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April 18, 2025
Ex-DOJ Atty Convicted In 1MDB Case Ordered Disbarred In NY
A New York appellate court ordered Wednesday that a former U.S. Department of Justice attorney be disbarred due to his felony conviction as part of a sprawling, billion-dollar fraud scandal connected to 1Malaysia Development Berhad and Fugees founder Pras Michél.
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April 18, 2025
Murdaugh's Banker Pleads Guilty To Fraud Ahead Of Retrial
A former bank CEO accused of helping ex-lawyer and convicted murderer Alex Murdaugh steal client money pled guilty Friday to fraud ahead of a retrial, months after his initial conviction was overturned based on jury irregularities.
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April 18, 2025
Ex-CFO Says He's 'Extremely Remorseful' Of $44M Fraud
The former chief financial officer of the Detroit Riverfront Conservancy said he is "extremely remorseful" and "ashamed" of his decade-long scheme of defrauding the nonprofit of more than $44 million, asking the court to consider other factors beyond "sensationalism" when sentencing him this month.
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April 18, 2025
Insurance Exec Pleads Guilty In $134M ACA Plan Scheme
A Florida insurance executive pled guilty Friday for his part in a $134 million scheme to submit fraudulent applications to enroll customers in fully subsidized Affordable Care Act health insurance plans.
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April 18, 2025
Celsius Founder Asks For A Year And A Day For Crypto Fraud
Celsius founder Alex Mashinsky urged a New York federal judge to reject the probation office's recommended 15-year prison sentence for lying that the fallen $25 billion crypto-lender's tokens were safe, arguing he's always had "genuinely good intentions" and should serve at most one year plus a day behind bars.
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April 18, 2025
Ga. Woman Seeks Lower Sentence In $156M FEMA Fraud Case
A Georgia woman charged with taking $155 million in payments from the Federal Emergency Management Agency by fraudulently claiming she could supply self-heating meals to Puerto Rico in the wake of Hurricane Maria urged a federal court Thursday to sentence her to no more than 120 months in prison.
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April 18, 2025
Ex-Mass. Transit Worker Gets 6 Years For Fraud, Tax Evasion
A former assistant chief engineer for the Boston commuter rail system was sentenced to nearly six years in prison for crimes including failing to withhold and pay federal taxes on income from two illegal schemes, prosecutors said Friday.
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April 18, 2025
CFTC Details Violation Materiality After Cooperation Guidance
Divisions of the U.S. Commodity Futures Trading Commission have offered details on their materiality standards for assessing supervision and noncompliance issues, following February guidance on how much money regulated entities can expect to save for cooperating with agency investigations.
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April 18, 2025
Suit Says Loyola Enabled Ex-Michigan Coach's Alleged Hack
A former Loyola University Chicago athlete filed a proposed class action accusing an ex-University of Michigan football coach of orchestrating a years-long cyber sexual assault by hacking into university athletic databases and stealing intimate photos and medical data of over 150,000 students, and asserting that the university and its vendor enabled the breach.
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April 18, 2025
How Manatt Beat A Crypto Trader's 'Code As Law' Defense
After a crypto user exploited a software bug to create millions of dollars' worth of new tokens from a blockchain network, a Manatt Phelps & Phillips LLP team defeated his claim to the tokens — and won an award worth millions — by showing that faulty code can't stand in for rule of law.
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April 18, 2025
Block Execs Failed To Prevent 'Illicit Activities,' Suit Says
A Block Inc. shareholder claims in a new suit that the fintech company's top brass, which includes former Twitter chief Jack Dorsey, failed to prevent illicit activities like money laundering, child sexual abuse and terrorism financing on its platform, causing damage to the company's reputation and investors as a result.
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April 18, 2025
'Bizarre' Santos Posts Show He's Still 'Unrepentant,' Feds Say
Prosecutors told a Brooklyn federal judge that former U.S. Rep. George Santos' social media activity shows that he's "unrepentant" for his admitted crimes, reiterating their request for a prison sentence of more than seven years.
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April 18, 2025
Philly Firm Leaders Form Employment, Civil Rights Boutique
Attorneys out of Philadelphia and New Jersey have merged their practices to start a new law firm focused on employment, criminal, civil rights and survivor's rights law, the partners announced earlier this week.
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April 18, 2025
Feds Seek Up To 6 Years For Ex-Bank GC's $7.4M Theft
A former general counsel for a Webster Bank predecessor should serve between 51 and 71 months behind bars and pay full restitution after admitting he spent eight years embezzling $7.4 million, federal prosecutors argue.
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April 18, 2025
Conn. Atty Convicted In Shooting Faces Suspension Bid
A Connecticut court should suspend longtime Cramer & Anderson LLP partner Robert L. Fisher Jr. from the practice of law on an interim basis after his conviction on a manslaughter charge for shooting an attacker, the state's attorney discipline authority has said in a filing.
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April 18, 2025
SC School District's Embezzlement Suit Sent To Arbitration
A South Carolina school district must arbitrate the arbitrability of its claims that its insurer conspired with its former chief financial officer to steal tens of millions of dollars from the district by issuing unnecessary and expensive insurance policies, a federal court ordered.
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April 18, 2025
DOJ To Move Ahead In SafeMoon Case Despite Crypto Memo
Prosecutors told a federal judge in Brooklyn on Friday that they plan to proceed with an investor fraud case against the CEO of crypto firm SafeMoon, having reviewed a Justice Department directive not to pursue certain charges related to digital assets.
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April 18, 2025
Dog The Bounty Hunter Can't Bag Podcasters For Defamation
A Pennsylvania judge has dismissed a "sprawling behemoth" of a defamation case brought against two true crime podcasters by Dog the Bounty Hunter and the father of a missing Tennessee child whom the podcasters allegedly accused of being a pedophile, determining that the case was clearly a bid to muzzle participation in a topic of public interest.
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April 17, 2025
Ill. Sen. Planned To Report Red-Light Camera Exec, Jury Hears
An Illinois state senator accused of taking a bribe to help a red-light camera company testified Thursday that he "didn't have a chance" to report his questionable interactions closer to when they occurred in summer 2019, but he intended to raise his concerns later that fall.
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April 17, 2025
Feds Say Estonians Won't Be Deported Before Fraud Sentence
Prosecutors told a Washington federal judge Thursday that they had secured approval for "deferred action" from the Department of Homeland Security on potential immigration proceedings against two Estonian men awaiting sentencing for a cryptocurrency fraud scheme.
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April 17, 2025
6th Circ. Says Michigan AG Can Pursue 'False Elector' Case
The Sixth Circuit on Thursday affirmed a federal district court's refusal to interfere with a state court case in which Michigan's attorney general accused a former Republican presidential elector candidate of plotting to submit false electoral votes in the wake of the 2020 election.
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April 17, 2025
Mich. Defenders Seek $2.3M After Life Sentence Ruling
Michigan's appellate defender office told lawmakers Thursday that it would need to hire additional staff to represent more than 300 people whose sentences will need to be reviewed after the state's top court declared that automatic life-without-parole sentences for 19- and 20-year-olds are unconstitutional.
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April 17, 2025
Crypto Casino Owner Gambled With Investor Funds, Feds Say
The founder of a purported cryptocurrency casino was criminally charged with stealing millions of dollars from investors and gambling the funds away at a different online gambling platform and in the stock market.
Expert Analysis
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Series
Documentary Filmmaking Makes Me A Better Lawyer
Becoming a documentary filmmaker has allowed me to merge my legal expertise with my passion for storytelling, and has helped me to hone negotiation, critical thinking and problem-solving skills that are important to both endeavors, says Robert Darwell at Sheppard Mullin.
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Litigation Funding Disclosure Debate: Strategy Considerations
In the ongoing debate over whether courts should require disclosure of litigation funding, funders and plaintiffs tend to argue against such mandates, but voluntarily disclosing limited details about a funding arrangement can actually confer certain benefits to plaintiffs in some scenarios, say Andrew Stulce and Marc Cavan at Longford Capital.
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2025 May Be A Breakout Year For The Cannabis Industry
The cannabis industry faced a slow and frustrating 2024, but consumer trends continue to shift in favor of cannabis, and the new administration may provide the catalyst that the industry needs, says Lynn Gefen at TerrAscend.
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Understanding Risks Of Celebrities 'Hawking' Crypto Tokens
Prominent social media personality Haliey Welch was recently sued over the promotion and sale of the Hawk Tuah cryptocurrency memecoin, underscoring the importance of public figures conducting due diligence to verify they aren't endorsing a token that is in fact a security, say attorneys at Sheppard Mullin.
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Opinion
Firing Of Jack Smith's Team Is A Threat To Rule Of Law
The acting attorney general’s justifications for firing prosecutors who worked on the criminal cases against President Donald Trump rest on a mischaracterization of legal norms, and this likely illegal move augurs poorly for the rule of law, say Bruce Green at Fordham University and Rebecca Roiphe at New York Law School.
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Art Fraud Cases Highlight Importance Of Due Diligence
Recent high-profile art fraud cases provide a helpful reminder that a healthy skepticism can prevent prospective buyers from becoming victims, and that lawyers can take steps to help safeguard their clients, say attorneys at Arnold & Porter.
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Series
Adventure Photography Makes Me A Better Lawyer
Photographing nature everywhere from Siberia to Cuba and Iceland to Rwanda provides me with a constant reminder to refresh, refocus and rethink the legal issues that my clients face, says Richard Birmingham at Davis Wright.
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Politicized OIGs Could Target Federal Employees, Contractors
After President Donald Trump fired nearly 20 inspectors general last week, it’s worth exploring how the administration could use Offices of Inspectors General to target federal employees and contractors, why it would be difficult to fight this effort, and one possible bulwark against the politicization of these watchdogs, says Sara Kropf at Kropf Moseley.
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5 Ways To Create Effective Mock Assignments For Associates
In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.
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Assessing Gary Gensler's Legacy At The SEC
Gary Gensler's tenure as U.S. Securities and Exchange Commission chair is defined by a record of commonsense regulation in some areas and social activism in others, and by increasing judicial skepticism about the SEC's authority to fulfill its regulatory, enforcement, administrative law and adjudicatory functions, say attorneys at Arnold & Porter.
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What Public View Of CEO's Killing Means For Corporate Trials
Given the proliferation of anti-corporate sentiments following recent charges against Luigi Mangione in connection with the killing of UnitedHealthcare's CEO, attorneys who represent corporate clients and executives will need to adapt their trial strategy to account for juror anger, says Clint Townson at Townson Litigation Consulting.
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Takeaways From DOJ Fraud Section's 2024 Year In Review
Attorneys at Paul Weiss highlight notable developments in the U.S. Department of Justice Fraud Section’s recently released annual report, and discuss what the second Trump administration could mean for enforcement in the year to come.
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The 7th Circ.'s Top 10 Civil Opinions Of 2024
Attorneys at Jenner & Block examine the most significant decisions issued by the Seventh Circuit in 2024, and explain how they may affect issues related to mass arbitration, consumer fraud, class certification and more.
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Private-Bidding Compliance Lessons From Siemens Plea Deal
Siemens Energy’s recent wire fraud conspiracy guilty plea shows that U.S. prosecutors are willing and able to police the private, domestic bidding market to protect the integrity of the competitive marketplace, and companies will need a robust compliance program to mitigate these risks, say attorneys at Foley Hoag.
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Kansas Bank's Suit Could Upend FDIC Enforcement Authority
Should CBW Bank's federal lawsuit in Kansas challenging the Federal Deposit Insurance Corp.'s enforcement authority gain traction with a post-Chevron U.S. Supreme Court, it could have profound implications for the FDIC and the banking industry at large, says Jack Harrington at Bradley Arant.