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White Collar
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February 09, 2026
Ex-Morgan Stanley Pro Scorns Key NBA Witness In Fraud Trial
Counsel for an ex-Morgan Stanley investment adviser accused of defrauding pro athletes out of millions of dollars leaned hard on former NBA player Chandler Parsons in cross-examination after he testified against his onetime friend and go-to money man as the defense sought to discredit one of the government's key witnesses.
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February 09, 2026
Sentencing Commission's Reform Ideas May Cut Prison Time
Proposed new amendments to the federal sentencing guidelines could lead to shorter prison terms for many offenders, including by revising loss calculations for financial crimes and providing a first-of-its-kind path to reward defendants for post-offense, pre-sentence rehabilitative efforts.
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February 09, 2026
DOJ's Antitrust Deputy Chief Rejoins Baker McKenzie
A former Baker McKenzie partner and global chair of its antitrust and competition practice is coming back to the law firm after serving on the leadership team of the U.S. Department of Justice antitrust division, the firm announced Monday.
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February 09, 2026
Feds Want Bannon's Contempt-Of-Congress Conviction Axed
Federal prosecutors on Monday moved to toss former White House adviser Steve Bannon's contempt-of-Congress conviction before a trial court, spurring the U.S. solicitor general to similarly ask the U.S. Supreme Court to vacate a D.C. Circuit judgment, which had rejected Bannon's advice-of-counsel defense and affirmed his conviction.
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February 09, 2026
Cooperation Helps Ease 2 Sentences In NJ Ponzi Scheme
Two of the government's key cooperating witnesses whose testimony and proffered evidence helped land the third conviction of Ponzi schemer Eliyahu "Eli" Weinstein were sentenced on Monday in New Jersey federal court for their own roles in Weinstein's most recent scheme.
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February 09, 2026
Goldstein's Defense Questions Missing Tax Emails
Document retention at the outside accounting firm for SCOTUSblog founder Thomas Goldstein and his law firm took center stage at the U.S. Supreme Court lawyers' tax fraud trial Monday, as the defense claimed that the accountants' internal emails about Goldstein's tax returns were never produced despite being sought in subpoenas.
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February 09, 2026
Fifth Third Aided Ex-Mayor's $1.8M Theft, Ill. Village Claims
Fifth Third Bank knew a former mayor of a Chicago suburb was misappropriating municipal funds but "deliberately refrained" from investigating the misconduct and ultimately helped her misappropriate $1.89 million, according to a lawsuit filed Friday in state court.
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February 09, 2026
Symrise, IFF Allowed Out Of DOJ Criminal Fragrances Probe
Symrise and International Flavors & Fragrances said separately Monday that they had been let out of a U.S. Department of Justice criminal probe looking for an anticompetitive conspiracy among fragrance giants, although it's unclear where that leaves other companies implicated.
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February 09, 2026
Renewable Fuel Co. Owner Cops To $6M Tax Credit Scheme
The owner of a renewable fuel company copped to a scheme that sought more than $6 million in fraudulent tax credits related to how much biodiesel the company claimed to produce, according to Florida federal court documents.
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February 09, 2026
DOD Employee Denies Laundering Millions For Scammers
A U.S. Department of Defense logistics specialist pled not guilty Monday to federal charges accusing him of laundering millions as part of an alleged Nigeria-based fraud scheme that targeted victims in the United States.
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February 09, 2026
Ex-NC City Council Member Enters Plea Deal For COVID Fraud
A former Charlotte, North Carolina, councilwoman pled guilty Monday in federal court to one count of wire fraud conspiracy as part of an alleged scheme with her daughters to file sham small-business loan applications for COVID-19 relief funds during the pandemic.
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February 09, 2026
Coal Exec Knew Egyptian Broker Paid Bribes, Jury Told
A former coal executive knew his Egyptian broker was passing along part of his commissions as bribes in exchange for $143 million in contracts, according to prosecutors' opening arguments Monday in his Pennsylvania jury trial for allegedly violating the Foreign Corrupt Practices Act — while his attorneys said he was simply in the dark.
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February 09, 2026
Lloyd's Settles $5M Dispute Over Trenton Arrest
Lloyd's of London underwriters have resolved their feud with a New Jersey man after initially refusing to pay their share of a $5 million settlement the man obtained from the city of Trenton after he was arrested and unlawfully thrown in jail for the better part of a year.
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February 06, 2026
SEC Seeks To Enforce $27M Order In NFL, NBA Player Fraud
The U.S. Securities and Exchange Commission has asked a Washington, D.C., federal judge to order a broker-dealer and its sole director to comply with a 2015 commission order requiring them to pay over $27 million in disgorgement and other fines that stemmed from allegations that they ran a Ponzi scheme that swindled NFL and NBA clients out of $12 million.
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February 06, 2026
Ex-Fla. Rep., Lobbyist Want Maduro To Testify At Trial
A former Florida congressman and a lobbyist who allegedly secretly represented Venezuela in the U.S. said their upcoming trial should include the testimony of the country's former president, Nicolás Maduro.
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February 06, 2026
Fla. Real Estate Developer Looks To Escape PE Fraud Suit
A real estate developer urged a Florida federal court on Thursday to toss a lawsuit brought by former private equity business partners alleging at least $25 million fraud, saying the complaint is a "hodgepodge of mutually exclusive theories" that claim ownership and divestment of several investment companies at the same time.
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February 06, 2026
Brooklyn Adviser Settles SEC's $4.1M Affinity Fraud Claims
A Brooklyn investment adviser has reached a settlement with the U.S. Securities and Exchange Commission to settle claims that he defrauded fellow members of his Russian American Jewish community out of at least $4.1 million, including inherited Holocaust restitution funds.
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February 06, 2026
Contractor Owner Fights Perjury Charges Tied To Bankruptcy
The owner of a bankrupt government contractor has asked a Delaware federal court to throw out a perjury indictment against her, arguing federal prosecutors criminalized what she said were good faith, and in some cases accurate, disclosures made during a fast-moving bankruptcy case
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February 06, 2026
Prediction Markets Expand Wall St. Cops' Insider Trading Beat
As traders flock to platforms that allow them to speculate on everything from Super Bowl ad placements to political shakeups, regulators and law enforcement face increasing pressure to crack down on newly expanded opportunities for insider trading.
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February 06, 2026
Ex-MLB Star Puig Convicted Of Lying About Gambling Ring
A California federal jury on Friday found former Los Angeles Dodgers star Yasiel Puig guilty of obstruction of justice and making false statements to federal investigators over his role in an illegal gambling ring.
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February 06, 2026
Ex-Ballard Spahr Atty, Rendell Aide Reinstated To The Bar
A former chief of staff to Pennsylvania Gov. Ed Rendell and onetime Ballard Spahr LLP partner was reinstated to the bar Friday after testimony from the ex-governor and the judge who sentenced him for stealing $13,000 in an FBI sting operation convinced a state disciplinary board of his rehabilitation and fitness.
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February 06, 2026
Former Pa. Atty Gets 4 Years In Prison For Tax Evasion
A disbarred attorney who previously practiced in Pennsylvania has been sentenced by a federal judge to serve four years in prison and pay $3.5 million in restitution after pleading guilty to tax evasion.
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February 06, 2026
$3M FanDuel Fraud Probe Nets 2 Conn. Arrests
Two Connecticut men used thousands of stolen identities to rip off FanDuel and other gambling sites for around $3 million by taking advantage of promotional customer bonuses and credits, federal prosecutors said Friday in announcing a 45-count indictment.
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February 06, 2026
5th Circ. Nixes 50-Year Ponzi Sentence Due To Misinformation
A former Texas lawyer who lost millions of dollars belonging to his clients as part of a sweeping Ponzi scheme has had his 50-year prison sentence vacated, after the Fifth Circuit agreed he was misled by the lower court regarding the maximum time he could face.
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February 06, 2026
Graham Pushes Bill To Allow Suits Over Smith Investigations
Sen. Lindsey Graham, R-S.C., is working on a bill to allow nonmembers of Congress to sue for damages after being investigated by special counsel Jack Smith.
Expert Analysis
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Courts' Rare Quash Of DOJ Subpoenas Has Lessons For Cos.
In a rare move, three federal courts recently quashed or partially quashed expansive U.S. Department of Justice administrative subpoenas issued to providers of gender-affirming care, demonstrating that courts will scrutinize purpose, cabin statutory authority and acknowledge the profound privacy burdens of overbroad government demands for sensitive records, say attorneys at ArentFox Schiff.
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Protecting Sensitive Data During Congressional Inquiries
With the 2026 midterm elections potentially set to shift control of one or both houses of Congress, entities must proactively plan for the prospect of new congressional investigations, and adopt strategic, effective and practical measures to mitigate risks related to disclosure of sensitive information, say attorneys at Crowell & Moring.
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Where PCAOB Goes Next After A Year Of Uncertainty
The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.
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Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers
To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.
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Series
Teaching Logic Makes Me A Better Lawyer
Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.
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Series
Law School's Missed Lessons: Practicing Resilience
Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.
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Takeaways From The DOJ Fraud Section's 2025 Year In Review
Former acting Principal Deputy Chief Sean Tonolli of the U.S. Department of Justice's Fraud Section, now at Cahill Gordon, analyzes key findings from the section’s annual report — including the changes implemented to adapt to the new administration’s priorities — and lays out what to watch for this year.
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Limiting Worker Surveillance Risks Amid AI Regulatory Shifts
With workplace surveillance tools becoming increasingly common and a recent executive order aiming to preempt state-level artificial intelligence enforcement, companies may feel encouraged to expand AI monitoring, but the legal exposure associated with these tools remains, say attorneys at MoFo.
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How Selig May Approach CFTC Agricultural Enforcement
As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.
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Traditional FCA Enforcement Surges Amid Shifting Priorities
The U.S. Department of Justice’s January report on False Claims Act enforcement in fiscal year 2025 reveals that while the administration signaled its intent to expand FCA enforcement into new areas such as tariffs, for now the greatest exposure remains in traditional areas like healthcare — in which the risk is growing, say attorneys at Debevoise.
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How 2 Tech Statutes Are Being Applied To Agentic AI
The application of the Computer Fraud and Abuse Act and the California Invasion of Privacy Act to agentic artificial intelligence is still developing, but recent case law, like Amazon's lawsuit against Perplexity in California federal court, provides some initial guidance for companies developing or deploying these technologies, say attorneys at Weil.
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NYC Bar Opinion Warns Attys On Use Of AI Recording Tools
Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.
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Series
The Biz Court Digest: Dispatches From Utah's Newest Court
While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.
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4 Quick Emotional Resets For Lawyers With Conflict Fatigue
Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.
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3 Key Ohio Financial Services Developments From 2025
Ohio's banking and financial services sector saw particularly notable developments in 2025, including a significant Ohio Supreme Court decision on creditor disclosure duties to guarantors in Huntington National Bank v. Schneider, and some major proposed changes to the state's Homebuyer Plus program, says Alex Durst at Durst Kerridge.