White Collar

  • July 07, 2020

    Gov't Ties Ex-Panama President's Sons To Odebrecht Scheme

    New York federal prosecutors have charged two sons of former Panamanian President Ricardo Martinelli over their alleged roles in a massive bribery and money laundering scheme tied to Brazilian conglomerate Odebrecht SA.

  • July 07, 2020

    FinCEN Warns Banks About COVID-19-Related Scams

    The Financial Crimes Enforcement Network warned financial institutions Tuesday about two forms of consumer fraud that have proliferated during the COVID-19 pandemic, issuing an advisory with tips for detecting impostor scams and money mule schemes.

  • July 07, 2020

    Feds Back Yakama Tribe In Reservation Boundary Dispute

    The United States has urged the Ninth Circuit to uphold a lower court's finding that a tract of disputed Washington state land is part of the Yakama Tribe's reservation, going against the position of Washington's Klickitat County.

  • July 07, 2020

    SEC Settles With Rabbi For Bilking Jewish Investors Of $10M

    The U.S. Securities and Exchange Commission on Monday announced a judgment against Rabbi Zvi Feiner and his two companies for allegedly conning at least 62 investors in Chicago's Orthodox Jewish community out of more than $10 million, including $1 million from an 86-year-old Holocaust survivor.

  • July 07, 2020

    Alleged Accomplices To Ghosn Escape Can't Nix US Arrests

    A federal judge in Massachusetts on Tuesday shot down a bid to invalidate the arrests of a Green Beret and his son who face extradition to Japan for allegedly helping Carlos Ghosn escape the country while on bail over criminal financial misconduct charges.

  • July 07, 2020

    Ex-JPMorgan Trader Can't Ditch Forex-Rigging Conviction

    A former JPMorgan trader's conviction for scheming with the competition to fix prices in the foreign currency market remains intact after a Manhattan federal judge said the evidence at trial was more than enough to support the verdict.

  • July 07, 2020

    Deutsche Bank Fined $150M For Epstein, Partner Bank Lapses

    New York state's financial regulator said Tuesday it fined Deutsche Bank $150 million for failing to appropriately manage its dealings with alleged bad actors including millionaire sex offender Jeffrey Epstein, who died in federal custody.

  • July 06, 2020

    6th Circ. Says Ordering GM, Fiat CEOs To Meet Goes Too Far

    The Sixth Circuit on Monday said a Michigan federal judge can't require General Motors' CEO to negotiate an end to the automaker's claims that Fiat Chrysler bribed union officials in a scheme that disadvantaged rival carmakers, although the court also rejected GM's request to reassign the case to another judge.

  • July 06, 2020

    Roger Stone Cites COVID-19 In Renewed Bid To Delay Prison

    Roger Stone told a D.C. federal appeals court on Monday that a lower court hadn't properly considered the longtime conservative operative's susceptibility to COVID-19 when ordering him to report to prison in a matter of weeks, rather than months, as he'd requested.

  • July 06, 2020

    Akin Gump Lands Ex-SDNY Task Force Chief From Milbank

    The former chief of the securities and commodities fraud task force at the Manhattan U.S. attorney's office has moved from Milbank to Akin Gump to continue her high-level white collar defense practice, Akin Gump said Monday.

  • July 06, 2020

    Receiver Accused Of Holding Up SEC Deal In Ponzi Suit

    Defendants in a U.S. Securities and Exchange Commission suit over an alleged $30 million Ponzi scheme told a Florida federal court Monday that a receiver for companies involved in the case is holding up their settlement with the government, but the receiver said he is just trying to do his job.

  • July 06, 2020

    GOP Operative Linked To Russian Spy Gets 7 Years For Fraud

    A conservative operative once linked to a Russian agent who made headlines for her high-profile arrest was sentenced Monday in South Dakota federal court to seven years in prison after he pleaded guilty to wire fraud and money laundering.

  • July 06, 2020

    Jury Trial Of Russian Suspect In LinkedIn Breach Resumes

    A California federal jury trial for a Russian man whom the U.S. government accuses of breaching LinkedIn and Dropbox resumed Monday in San Francisco after a nearly four-month hiatus prompted by COVID-19 concerns, making it the first jury trial in the Northern District of California since the pandemic began.

  • July 06, 2020

    NY Firm Wants Malpractice Suit Over Botched Art Sale Tossed

    A New York federal court should toss a malpractice suit against an Empire State-based law firm, as its former client fails to establish that the attorneys botched an underlying case involving stolen artwork, the firm argued Monday.

  • July 06, 2020

    ERISA Suit Over Stock Deal Led By Felon Gets Pared Down

    A California federal judge on Monday narrowed an ERISA class action claiming a government contractor's workers were shorted through an unfair stock sale to an employee ownership plan, although she largely denied the bids for wins before a trial in the case.

  • July 06, 2020

    14 Charged In Multistate Bank Fraud Ring

    Federal prosecutors in New Jersey, Virginia and Maryland on Monday charged 14 people with operating a bank fraud scheme over two years in six states, claiming they pilfered millions of dollars from fraudulent accounts created by sham businesses.

  • July 06, 2020

    New FCPA Resource Guide Recaps Shifts In Law And Policy

    U.S. enforcement authorities' guide to the Foreign Corrupt Practices Act recently got a revamp for the first time in eight years to reflect a plethora of recent policies and changes in the law.

  • July 06, 2020

    Banker Says Cowen Fired Him For Objecting To Oligarch

    A former Cowen and Co. LLC banker said Monday that he was fired after raising concerns about the company's prospective business relationship with a Russian oligarch rumored to be involved in money laundering and arms dealing, according to a suit filed in New York federal court.

  • July 06, 2020

    Attys Accused Of Fraud In Hawking Easement Tax Scheme

    Georgia-based attorneys, accountants and appraisers conspired to defraud hundreds, if not thousands, of individual investors by marketing syndicated conservation easement schemes they knew wouldn't pass muster with the IRS, according to a lawsuit filed in federal court. 

  • July 06, 2020

    6th Circ. Upholds $4M Tax Fraudster's 13-Year Sentence

    A convicted tax fraudster failed to convince the Sixth Circuit that a lower court wrongfully declared his illegal tax return scheme "sophisticated," according to a opinion on Monday that upheld his 13-year sentence.

  • July 06, 2020

    Judge Hangs Up On 'Varsity Blues' FaceTime Dismissal Bid

    "Varsity Blues" prosecutors won't have to answer why a FaceTime call between a parent charged in the case and the scheme's mastermind was not recorded or memorialized, a federal judge said Monday in an order that also denied the parent's request to reconsider his motion to dismiss.

  • July 06, 2020

    Avenatti's Freedom Extended Ahead Of Calif. Embezzling Trial

    The California federal judge overseeing Michael Avenatti's December embezzlement trial extended his temporary release from a Manhattan prison following his conviction for extorting Nike, giving him 60 more days of freedom Monday despite federal prosecutors' concerns that the embattled attorney violated bail conditions.

  • July 06, 2020

    Epstein's Ex Awaits Bail Hearing From Brooklyn Jail Cell

    British socialite Ghislaine Maxwell awaited a bail hearing from a Brooklyn, New York, jail cell Monday after her arrest in New Hampshire on charges of helping deceased financier Jeffrey Epstein sexually abuse minor girls.

  • July 06, 2020

    Feds Must Return Penalty Fees To Bridgegate Mastermind

    A New Jersey federal judge on Monday ordered the government to return nearly $25,000 in penalties to the admitted mastermind behind the notorious Bridgegate scheme after the jurist threw out his conviction in the wake of a U.S. Supreme Court ruling nixing the convictions of his alleged co-conspirators.

  • July 02, 2020

    Law360 Names Top Attorneys Under 40

    We're pleased to announce Law360's Rising Stars for 2020, our list of 176 attorneys under 40 whose legal accomplishments transcend their age.

Expert Analysis

  • The Challenges Of Prosecuting Congressional Insider Trading

    Author Photo

    Recent allegations that several U.S. senators traded on confidential COVID-19 briefings resemble traditional insider trading claims, but prosecuting violations under the Stop Trading on Congressional Knowledge Act presents at least two existential challenges due to the nature of legislative work, say attorneys at Covington.

  • How To Handle Congressional Queries On COVID-19 Relief

    Author Photo

    Despite their informal nature, congressional inquiries regarding CARES Act implementation should not be taken lightly as these requests may be precursors to more formal and invasive investigations, say attorneys at Baker Donelson.

  • The Privilege Implications Of Using Online Collaboration Tools

    Author Photo

    While few courts have addressed the attorney-client privilege or work-product doctrine in the context of online collaboration tools, existing case law supports five best practices as organizations increasingly use these tools in the COVID-19 era, say Christopher Campbell and Marcus Sandifer at DLA Piper.

  • New Cases Bring Lessons On Video Surveillance Preservation

    Author Photo

    Court decisions from the last few months suggest that failure to preserve or produce surveillance video does not automatically result in a negative inference or other sanction, but there are practice pointers that can be distilled, say Donna Fisher and Matthew Hamilton at Pepper Hamilton.

  • The Compliance Risks Facing Companies That Use Chat Apps

    Author Photo

    With expanded remote work practices, it is now more important than ever for companies to implement data retention policies that address ephemeral messaging platforms such as Snapchat and WhatsApp, as this technology may be used to facilitate unlawful conduct and spoliation of evidence, say attorneys at K&L Gates.

  • Confronting Mental Distress In The Legal Profession

    Author Photo

    Even before the pandemic, troubling data about mental distress among lawyers pointed to a profession in crisis, but addressing the challenge requires a better understanding of the causes, says Jonathan Prokup at Cigna Corp.

  • SK Case Illustrates DOJ Focus On Procurement Fraud

    Author Photo

    SK Engineering & Construction's recent guilty plea, culminating the U.S. Department of Justice's investigation of a multimillion-dollar scheme to defraud the U.S. Army, signals the DOJ's renewed focus on prosecuting government procurement fraud through its Market Integrity and Major Frauds Unit, say attorneys at Quarles & Brady.

  • Banks May Need To Update Policies To Fight COVID-19 Fraud

    Author Photo

    While many financial institutions are already stretched thin navigating the small business loan programs under the CARES Act, their compliance load has grown further as the Financial Crimes Enforcement Network essentially deputized banks to detect fraud schemes connected to the COVID-19 pandemic, say Jennifer Achilles and Alejo Cabranes at Reed Smith.

  • DOJ Guidance Provides Meaningful Compliance Road Map

    Author Photo

    The U.S. Department of Justice's recently amended corporate compliance guidance is valuable because it elucidates enhanced access to data, resource allocation, improved training, corporate benchmarking and consideration of foreign laws, say John Cunningham and Kody Sparks at Buchanan Ingersoll.

  • Opinion

    Litigation Finance Investments Are Not Risk-Free Loans

    Author Photo

    The Ninth Circuit's certification order last week in Fast Trak v. Sax presents an important opportunity for the New York high court to affirm the consensus among courts — litigation finance transactions are not loans subject to usury laws, say Wendie Childress and William Marra at Validity Finance.

  • 4 Stages Of Witness Preparation You've Likely Never Heard Of

    Author Photo

    Trial attorneys who have a tough time preparing witnesses, especially for cross-examination, should think about the four stages of competence and how they apply to people called upon to testify under oath, says Jeff Dougherty at Litigation IQ.

  • Pre-IPO Companies Should Upgrade Their D&O Coverage

    Author Photo

    Directors and officers of private companies — especially startups preparing for their initial public offering — should consider enhancing their D&O insurance coverage to confront the new regulatory and compliance risks they face, say attorneys at Freshfields and Burns Bowen.

  • Perspectives

    Police Reform Must Also Address Federal Law Enforcement

    Author Photo

    The recently introduced Justice in Policing Act is an important step against police brutality, but without express accountability for federal agents, the bill fails to address a gaping hole in the law, says Cori Alonso-Yoder at the American University Washington College of Law.

  • Opinion

    How White Privilege Helped Me Succeed In BigLaw

    Author Photo

    The white, male power structure has eased the path for lawyers like me for far too long, and we should now be responsible for dismantling this systemic bias within the legal industry, says Scott McLaughlin at Eversheds Sutherland.

  • Flynn's False Statement Charge Reveals Failed Investigation

    Author Photo

    The U.S. government's charges against Michael Flynn for lying to federal agents shine a light on one of the most misused tools prosecutors deploy to salvage otherwise failed investigations and should generate skepticism from the U.S. Department of Justice and courts, says Simon Gaugush at Carlton Fields.

Can't find the article you're looking for? Click here to search the White Collar archive.
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!