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White Collar

  • December 11, 2018

    Pa. Health Network To Pay $12.5M For Alleged Overbilling

    Federal prosecutors in Pennsylvania announced on Tuesday that they’d inked a $12.5 million settlement with a Lehigh Valley health care network and its CEO over alleged false Medicare and Medicaid claims for orthopedic surgeries.

  • December 11, 2018

    BREAKING: Ex-FDIC Staffer Found Guilty Of Stealing Banks’ Living Wills

    A former senior employee at the Federal Deposit Insurance Corp. was convicted by a Brooklyn federal jury on Tuesday of stealing banks’ confidential regulatory filings known as “living wills” that the government claims she copied so she could prepare for job interviews.

  • December 11, 2018

    Ex-Deutsche Traders Fight Convictions, Cite Gov't Misconduct

    Two former traders at Deutsche Bank on Monday urged Manhattan's chief federal judge to reverse their convictions for rigging the London Interbank Offered Rate and dismiss the charges against them, arguing that prosecutors lied and hid evidence throughout the case.

  • December 11, 2018

    Fraudster's Ex-Wife Must Share Emails In Atty Tryst Case

    An Indiana court has ruled that the ex-wife of a convicted hedge fund manager, who claims that she and his defense attorney were having an affair while the attorney was representing him, must turn over all communications she had with the attorney from the time he began representing her ex-husband until the time the two got married.

  • December 11, 2018

    Accountant Seeks No Prison Time Over $18M Tax Return Fraud

    An accountant found guilty of helping a venture capitalist siphon $18 million from a fund through false tax returns has told a California federal court he should serve no time behind bars despite prosecutors' request for a "significant" prison sentence.

  • December 11, 2018

    Ex-SUNY Prez Gets 3.5 Years For 'Buffalo Billion' Bid-Rigging

    Manhattan U.S. District Judge Valerie E. Caproni hit former State University of New York Polytechnic Institute President Alain Kaloyeros with three and a half years in prison Tuesday for rigging bids, but allowed the nuclear scientist credited with a revitalization of the upstate school to stay free while he appeals.

  • December 11, 2018

    Contractor Admits Role In Sending Unqualified Guards To IRS

    A manager for a company that provided armed guards to the IRS has pled guilty to conspiracy to defraud the government in a scheme involving the falsification of firearm shooting scores, prosecutors said Monday.

  • December 11, 2018

    MVP: Quinn Emanuel's William A. Burck

    William A. Burck of Quinn Emanuel Urquhart & Sullivan LLP found himself in the eye of the hurricane surrounding the production of documents in the contentious confirmation of U.S. Supreme Court Justice Brett Kavanaugh this year, making him one of Law360’s 2018 White Collar MVPs.

  • December 11, 2018

    Media Errors Hurt Political Chances, Ex-Sheriff Arpaio Says

    Former Arizona Sheriff Joe Arpaio hit CNN, HuffPost, Rolling Stone and several reporters with a $300.5 million defamation lawsuit in D.C. federal court Monday, claiming that misreporting related to his since-pardoned misdemeanor conviction for criminal contempt has hurt his reputation and political chances.

  • December 10, 2018

    Woman Accused Of Being Russian Agent Set To Change Plea

    A D.C. federal judge on Monday granted a joint request from federal prosecutors and a Russian woman accused of infiltrating organizations with political influence inside the U.S. to hold a hearing so she can change her previous "not guilty" plea.

  • December 10, 2018

    New Nassar Abuse Probe Spotlights Institutional Failures

    The two organizations responsible for protecting young gymnasts from harm ignored and covered up credible allegations against Dr. Larry Nassar, acting as part of an "ecosystem" that gave him unimpeded license to abuse hundreds of children, a new Ropes & Gray LLP investigative report revealed Monday.

  • December 10, 2018

    Oil Co. Officer Pleads Guilty In Venezuelan Bribery Case

    A former procurement officer of Venezuela’s state-owned energy company pled guilty on Monday in Texas federal court to obstructing an investigation into a scheme involving U.S.-based companies that allegedly paid bribes to Venezuelan government officials to secure business.

  • December 10, 2018

    NY Investment Adviser Cops To 18-Year, $9M Ponzi Scheme

    A longtime retail investment adviser pled guilty in New York federal court on Monday to mail and wire fraud over an 18-year-long Ponzi scheme in which he solicited more than $13 million from elderly investors who ultimately sustained roughly $9 million in losses.

  • December 10, 2018

    Long Island Mortgage Co. Exec Gets 2 Years For $9M Fraud

    A former executive of Long Island mortgage lender Vanguard Funding LLC was sentenced to two years after pleading guilty to lying to banks in order to obtain $8.9 million in short-term loans, the U.S. Department of Justice said on Monday.

  • December 10, 2018

    Unregistered Brokers Took $10M In Rigged Investments: SEC

    The U.S. Securities and Exchange Commission filed charges in Ohio federal court on Monday against two business partners, accusing them of acting as unregistered brokers who offered and sold $10 million in binary options securities to investors who were misled about their odds of success.

  • December 10, 2018

    Olympus Pleads Guilty, Fined $85M In Tainted Scope Suits

    Olympus Corp. and a former executive pled guilty in New Jersey federal court Monday to distributing medical scopes in the United States without disclosing known risks of infection, which will cost the company $85 million in fines and forfeitures, the U.S. Department of Justice announced.

  • December 10, 2018

    Medical Device Exec Beats Charges Of Tipping Orioles Player

    Federal prosecutors have abandoned insider trading and perjury charges against medical device executive James Mazzo after two juries deadlocked on whether he intended to tip longtime Orioles third baseman Doug DeCinces to merger plans.

  • December 10, 2018

    Nissan, 2 Former Execs Indicted For Understating Ghosn Pay

    Nissan Motor Co., the company's former chairman and CEO Carlos Ghosn and a former board member were indicted in Japan on Monday on charges of having underreported Ghosn's compensation in securities filings.

  • December 10, 2018

    Employees Of Tribe Education Program Plead Guilty To Theft

    Two employees of a Blackfeet Tribe early childhood health and education program overseen by the U.S. Department of Health and Human Services pled guilty to stealing money through a scheme where they and others falsely claimed thousands of overtime hours they did not work, the U.S. Department of Justice said Friday.

  • December 10, 2018

    Ex-Director Of Health Care Co. Charged In Stock Fraud Plot

    A former director of bankrupt Constellation Healthcare Technologies Inc. has been arrested on charges of taking part in a scheme to inflate the value of the Houston-based medical billing business to more than $300 million as part of a bid to take the company private, authorities announced Monday.

Expert Analysis

  • A Review Of US Economic Sanctions In 2018

    Ama Adams

    In 2018, the U.S. government strengthened sanctions targeting Iran, Russia and Venezuela, sanctioned an agency of the Chinese government and completed the second largest sanctions-related enforcement action on record. And the evidence suggests 2019 will be equally tumultuous, say attorneys with Ropes & Gray LLP.

  • Opening Comments: A Key Strategic Decision In Mediation

    Jann Johnson

    Opening comments by parties in mediation that are made with the proper content and tone can diffuse pent-up emotion and pave the way for a successful resolution. But an opening presentation can do more harm than good if delivered the wrong way, say Jann Johnson and William Haddad of ADR Systems LLC.

  • 2018 In Review: Significant White Collar Developments At DOJ

    Jason Jones

    As the year comes to a close, attorneys at King & Spalding LLP look back at a few of the most notable developments at the U.S. Department of Justice, including corporate monitor guidance, a False Claims Act policy shift, foreign exchange prosecutions, cryptocurrency fraud and international cooperation developments.

  • Walters Case Commands Tougher Cure For Gov't Misconduct

    Harry Sandick

    In U.S. v. Walters, a Second Circuit panel determined last week that professional gambler William Walters was not prejudiced by repeated FBI leaks of confidential grand jury information. There is a risk that the government may draw the wrong conclusion from this decision, say Harry Sandick and Danielle Quinn of Patterson Belknap Webb & Tyler LLP.

  • Opinion

    Why We Need Anti-Money Laundering Whistleblower Awards

    Eric Havian

    The recent Mossack Fonseca indictments and Deutsche Bank raid would not have been possible without the whistleblower behind the Panama Papers leak. But there is no incentive for rooting out the type of criminal money laundering revealed here, creating a large enforcement gap, say Eric Havian and Michael Ronickher of Constantine Cannon LLP.

  • In-House Counsel’s Role As Whistleblower

    Excerpt from Lexis Practice Advisor
    Devika Kewalramani

    In-house attorneys owe a duty of confidentiality to their corporate clients and are obligated to preserve attorney-client privilege. But they are also likely to be exposed to sensitive internal issues, thereby increasing the potential for circumstances where it might be appropriate to "blow the whistle," says Devika Kewalramani of Moses & Singer LLP.

  • Crypto Addresses As OFAC Identifiers

    Maxwell T.S. Thompson

    Last week, the Office of Foreign Assets Control took the significant step of adding two digital currency addresses to its list of identifiers for certain individuals related to an Iranian hacking enterprise. This should immediately alert entities that transact in digital assets, says Maxwell T.S. Thompson of Murphy & McGonigle PC.

  • A Welcome DOJ Shift On Cooperation Credit

    John Nowak

    Changes announced last week by Deputy Attorney General Rod Rosenstein will likely make it easier for a company to obtain cooperation credit in criminal and civil cases, while also potentially reducing some of the costs and burdens associated with complying with the prior U.S. Department of Justice policy, says John Nowak of Paul Hastings LLP.

  • Series

    Judging A Book: Ginsburg Reviews 'The Curse Of Bigness'

    Judge Douglas Ginsburg

    When reading Tim Wu’s new book, "The Curse of Bigness: Antitrust in the New Gilded Age," lawyers, economists and historians will find its broad brush maddening, and the generalist reader will simply be misled, says D.C. Circuit Judge Douglas Ginsburg.

  • Opinion

    Jury Saves The Day In Misguided Cannabis Lawsuit

    William Brewer

    It is disturbing that Reilly v. 6480 Pickney — the first civil trial involving the cannabis industry contested on an alleged violation of the Racketeer Influenced and Corrupt Organizations Act — progressed as far as it did before a jury put an end to it in October, say William Brewer and Peter Schwartz of Brewer Attorneys & Counselors.