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White Collar

  • March 21, 2019

    US Can Sell $82M Yacht Linked To Nigerian Corruption Case

    A federal judge in Texas has approved a request from the U.S. Department of Justice and the Federal Republic of Nigeria to sell an $82 million mega-yacht linked to an ongoing Nigerian corruption case.

  • March 21, 2019

    College Bribery Defendants Tap Quinn Emanuel, Dentons

    Attorneys from Quinn Emanuel Urquhart & Sullivan LLP, Dentons and Greenberg Traurig LLP have been added to the ranks of defense counsel in the college admissions fraud scheme federal prosecutors revealed last week.

  • March 21, 2019

    2nd Circ. Says NY Judge Botched Marriage Fraud Trial

    The Second Circuit tossed the marriage fraud convictions of two Indian nationals and an American woman, ruling Thursday that they didn’t get a fair trial because the judge had a solo meeting with some of the jurors and gave the entire jury an inappropriate instruction.

  • March 21, 2019

    Willkie Boss' College Bribery Scheme Appearance Delayed

    Gordon Caplan, the co-chairman of Willkie Farr & Gallagher LLP who was suspended from the firm following charges that he paid a college admissions consultant to bolster his daughter’s test scores, will make his first appearance in Massachusetts federal court five days later than planned.

  • March 21, 2019

    DOJ Appellate Atty Moves To US House Counsel's Office

    The General Counsel's Office for the U.S. House of Representatives has added a former U.S. Department of Justice appellate attorney, another potential sign House Democrats are gearing up for legal battles with President Donald Trump.

  • March 21, 2019

    NJ Housing Official Says Accused Rapist Defamed Her

    A New Jersey housing official who alleged she was raped by a campaign staffer who later got a lucrative job in Gov. Phil Murphy’s administration said Wednesday his denial of her sexual assault claim to prosecutors, lawmakers and the media amounts to defamation.

  • March 21, 2019

    National Events Ch. 7 Trustee Sues Ex-CEO For $45M

    The liquidating estate of defunct concert and sporting event ticket brokerage National Events Holdings LLC filed a lawsuit Wednesday seeking over $45 million from the company's former chief, who pled guilty to wire fraud after being accused of running a Ponzi scheme.

  • March 21, 2019

    Trader-Pastor Gets 5 Years For Hack-Based Insider Trading

    A former hedge fund manager turned Slavic Baptist pastor on Thursday was sentenced to five years in prison, following his conviction at trial for a purported $30 million scheme to trade on nonpublic information gleaned from hacked, unpublished press releases.

  • March 21, 2019

    FIFA Bans Ex-Soccer Official For Life In Bribery Scandal

    FIFA’s ethics committee has found Luis Chiriboga, former president of the Ecuadorian Football Association, guilty of accepting bribes in exchange for handing broadcasters the rights to South American soccer tournaments, banning him for life from the sport, FIFA announced Thursday.

  • March 21, 2019

    2nd Circ. Wary Of Denying Fraudster Cooperation Credit

    Two Second Circuit judges voiced skepticism on Thursday about the government's opposition to an admitted wire fraudster's request that his sentence be reduced because he later helped put six co-conspirators behind bars, expressing concern with the notion that they couldn't check the lower court's work for errors.

  • March 21, 2019

    Victims Decry $38M Fraud As Fund Manager Gets 14.5 Years

    A Boston-based fund manager who pled guilty to a scheme the government says cost investors $38 million was sentenced to about 14 years in prison Thursday as his victims wept and vented their anger during an emotional hearing in federal court.

  • March 21, 2019

    Philly Union Boss Slams Feds For 'Criminalizing' Politics

    A powerful Philadelphia union boss on Thursday accused federal prosecutors of engaging in a "feeble attempt at criminalizing the legislative process" in an indictment accusing him of bribing a member of the city council.

  • March 21, 2019

    Chicago Pol Cops To Swiping Public Funds In About-Face

    A Chicago alderman on Thursday admitted to a wire fraud charge he faced over claims he used a ward account as a personal piggy bank, after previously telling a judge he’d rather go to trial.

  • March 21, 2019

    Crypto Bank CEO Faces 5 Years After Copping To $4M Fraud

    Federal prosecutors have agreed to seek a five-year prison sentence for the CEO of now-shuttered AriseBank in exchange for his guilty plea in Texas federal court Wednesday to fraudulently raising $4.25 million through an unregistered initial coin offering for the bank’s proprietary digital currency, AriseCoin.

  • March 21, 2019

    New Testimony Can't Save Suit Against Madoff Associate

    A New York federal judge has shot down another attempt by Bernie Madoff’s former investors to go after his associate Jeffry Picower, ruling that new testimony in their latest complaint is not enough to get around a 2011 injunction against duplicating claims related to the Ponzi scheme.

  • March 20, 2019

    Ex-CPA In Calif. Cops To $29.3M Ponzi Scheme

    The U.S. Securities and Exchange Commission and California federal prosecutors say a former certified public accountant has admitted to orchestrating a $29.3 million Ponzi scheme over the past decade while operating as an unregistered investment adviser for her clients.

  • March 20, 2019

    Religious Leader, Treasurer Cop To NJ Tax Fraud Scheme

    The head of a religious organization and the group's high-ranking treasurer admitted in New Jersey federal court to unlawfully taking millions of dollars from the church and using the funds for the leader's personal benefit, while concealing the income from the Internal Revenue Service, the U.S. Department of Justice said Wednesday.

  • March 20, 2019

    What’s In A Judgeship? More Than Meets The Eye

    Figuring out what constitutes a manageable workload for the nation’s district judges is no simple task. Getting the judiciary the resources it needs is even harder.

  • March 20, 2019

    Swamped: How Magistrate Judges Salvaged Louisiana's Judicial Crisis

    The Western District of Louisiana is supposed to have seven district judges. But for a year, most of the courthouses were operating without a single Article III judge. As usual, magistrate judges picked up the slack.

  • March 20, 2019

    New Impeachment Info Fails To Get Ex-Vereit Exec A New Trial

    A Manhattan federal judge said Tuesday that while prosecutors didn't disclose evidence that former Vereit Inc. executive Brian Block could have used against a cooperating witness in his criminal fraud case, that evidence wouldn't have stopped the jury from convicting Block.

Expert Analysis

  • US Policy On Cuba Litigation Comes With Risks For Cos.

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    A newly effective embargo measure that allows U.S. claimants to sue the Cuban government in U.S. courts for confiscated Cuban property may soon be expanded to permit lawsuits against non-Cuban entities operating in Cuba. Attorneys at Greenberg Traurig LLP discuss key issues surrounding the policy change.

  • Assessing Compliance Risk Under DOJ China Initiative

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    The U.S. Department of Justice's China Initiative should be a signal to Chinese companies, multinational companies with Chinese subsidiaries, and U.S.-based investors in Chinese companies — it's time to design and implement strong anti-corruption and anti-bribery programs, says Jean Chow-Callam of FTI Consulting Inc.

  • Lenders Score Major High Court Victory In Foreclosure Case

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    The U.S. Supreme Court's unanimous ruling on Wednesday in Obduskey v. McCarthy & Holthus LLP removes nearly all activities taken by creditors seeking nonjudicial foreclosure of liens and mortgages from the ambit of the Fair Debt Collection Practices Act, says John Baxter of Nelson Mullins Riley & Scarborough LLP.

  • Tech Trends From SXSW Pose Unique Questions For Lawyers

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    These days, a popular theme in media is that lawyers' jobs will be taken by robots. However, based on the tech issues discussed at the South by Southwest technology conference in Austin, Texas, last month, robots may in fact need lawyers, says Nick Abrahams of Norton Rose Fulbright.

  • How Per Se Rule Will Die In Criminal Antitrust Cases

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    When the issue of the per se rule for criminal Sherman Act trials reaches the U.S. Supreme Court in the near future, the justices will take different approaches, but the rule will fall, says former federal prosecutor Robert Connolly.

  • Liability For CEO Misconduct Expands After #MeToo

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    The Nevada Gaming Commission's recent $20 million fine against Wynn Resorts for failing to act after reports of its former CEO's alleged sexual misconduct demonstrates how #MeToo has altered the classic economic assessment for harassment claims, says Dove Burns of Obermayer Rebmann Maxwell & Hippel LLP.

  • In Bar Admissions Process, It's Candor Or Bust

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    You passed the bar exam and are ready for the character and fitness committee interview. Time to think about how to discuss that minor incident in college, that misdemeanor in high school or that mental health issue that you have totally under control, says Richard Maltz of Frankfurt Kurnit Klein & Selz PC.

  • DOJ's Wire Act Opinion Means Uncertainty For Tribal Gaming

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    While tribes may be split on the U.S. Department of Justice's new interpretation of the Wire Act, they should all note the DOJ's willingness to weigh in on otherwise established gaming laws, say Charles Galbraith and Julian SpearChief-Morris of Kilpatrick Townsend & Stockton LLP.

  • Compliance Homework For Schools After 'Varsity Blues'

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    With last week's news of an undergraduate admissions bribery scandal, all of higher education in America is on notice. Colleges and universities should meet this new challenge by implementing best practices from the world of corporate compliance, say Brandon Essig and Brian Kappel of Lightfoot Franklin & White LLC.

  • Series

    Judging A Book: Bashant Reviews 'Doing Justice'

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    My initial reaction to "Doing Justice" was that author Preet Bharara may have bitten off more than he could chew — an accusation leveled against him when he served as U.S. attorney for the Southern District of New York — but I found the book full of helpful gems, says U.S. District Judge Cynthia Bashant of the Southern District of California.