White Collar

  • October 29, 2026

    Fugitive Former Conn. Official Must Pay Capital One $25K

    A onetime Connecticut budget official who fled to Greece as sentencing neared in one federal public corruption case and a trial loomed in another must pay more than $25,000 to cover the balance of a Capital One personal loan, a state judge has ruled.

  • October 29, 2026

    SEC Claims Crypto Firms' Bogus Filings Fueled $130M Scam

    The U.S. Securities and Exchange Commission hit BG Wealth Sharing Ltd. and crypto-platform DSJ Exchange Pty Ltd. with a civil lawsuit in California federal court Thursday, alleging their scam investment apps defrauded investors out of $130 million by posing as the "world's largest hedge fund" and submitting bogus SEC filings.

  • October 29, 2026

    SEC Reopens $200M Debt Box Case After Sanctions

    The U.S. Securities and Exchange Commission has reopened a $200 million crypto Ponzi scheme case that landed it in hot water two years ago, saying that the individuals behind the company known as Debt Box misled investors into believing that they were spending on real-world projects.

  • October 29, 2026

    Utah Hits Kalshi With Criminal Charges Over Sports Offerings

    Utah has brought criminal charges in state court against Kalshi and its co-founders under its anti-gambling laws, amid an ongoing jurisdictional battle over whether federal law preempts state and tribal regulation of the prediction market platform's sports event contracts.

  • October 29, 2026

    Warren Calls For BofA Criminal Probe After $1.2B AML Fine

    Massachusetts Sen. Elizabeth Warren, the ranking Democrat on the Senate Committee on Banking, Housing, and Urban Affairs, called for a federal criminal probe Thursday into Bank of America after the U.S. Treasury Department fined the institution $1.2 billion this month over alleged anti-money laundering failures.

  • October 29, 2026

    Treasury Asked To Narrow Crackdown On Fund Strategies

    The U.S. Treasury Department should develop targeted rules distinguishing abusive transactions from long-standing investment management practices in new enforcement that scrutinizes novel strategies exploiting the tax benefits of certain investment vehicles and financial products, firms and organizations told the department.

  • October 29, 2026

    FCC Floats $4.4M Fine For Boomerang's Alleged Lifeline Fraud

    The Federal Communications Commission proposed a $4.4 million fine against Boomerang Wireless for allegedly defrauding the Lifeline program, which gives discounts on phone and internet services to qualifying low-income Americans.

  • October 29, 2026

    Ex-Philly Prosecutors Open Firm After Clash With DA Krasner

    Two former prosecutors in the Philadelphia District Attorney's Office have launched their own firm after resigning from the office following a clash with District Attorney Larry Krasner in a habeas corpus case.

  • October 29, 2026

    Tax Prep Biz Owner, Workers Charged In $177M Fraud Scheme

    An Alabama tax preparation business owner and several of her employees participated in a scheme to submit false tax returns to the IRS seeking more than $177 million in fraudulent federal tax refunds, federal prosecutors said.

  • October 29, 2026

    Gov't Urges 11th Circ. To Lift Sanctions Over Trump-IRS Deal

    A federal judge's order barring President Donald Trump, the IRS and the U.S. Treasury Department from citing the agreement made to settle his $10 billion suit against the tax agency is unsupportable and should be reversed, the government told the Eleventh Circuit.

  • October 29, 2026

    Ex-ComEd CEO, Lobbyist Signal Plea Deal Over Retrial

    Attorneys for Commonwealth Edison's former CEO and a longtime lobbyist told an Illinois federal judge on Thursday that they are in talks with the government about plea deals rather than an anticipated retrial next year on charges that they conspired to win former Illinois Speaker Michael Madigan's legislative favor in exchange for do-nothing jobs for his allies.

  • October 29, 2026

    MoFo Adds 2 Paul Weiss Attys, Including Biz Litigation Leader

    Morrison Foerster announced the addition of two litigators from Paul Weiss Rifkind Wharton & Garrison LLP on Thursday as partners in New York, including a returning partner who will lead the firm's business litigation and disputes team.

  • October 29, 2026

    Ashurst Perkins Hires Freshfields Investigations Co-Lead

    Ashurst Perkins Coie has hired the co-leader of Freshfields LLP's congressional investigations team, who makes the move just a week before the U.S. midterm elections to advise clients on congressional inquiries and other government investigations.

  • October 28, 2026

    Cannabis Event Founders Accused Of $750K Fraud

    A Los Angeles attorney and his business partner are accused in a California state lawsuit of diverting investor money to pay for private jet flights, bar dues and other personal expenses instead of funding business-to-consumer cannabis trade shows, including the failed 2022 Green Street Festival.

  • October 28, 2026

    Ill. Judge Sets Evidence Hearing In Amazon TM Fund Fight

    A Chicago federal judge on Wednesday set an evidentiary hearing for December to investigate whether a trademark lawsuit against 100 online sellers was used to obtain a court order directing Amazon to transfer more than $711,000 in frozen seller funds, some of which the company says were already subject to unrelated restraints.

  • October 28, 2026

    4th Circ. Judge Doubts DOJ Can Be Kicked From FCA Suit

    A Fourth Circuit judge appeared unconvinced Wednesday by an attorney's claim that the U.S. Department of Justice should have been disqualified from representing the federal government in a whistleblower suit brought by a man incarcerated for defrauding the U.S. Department of Defense.

  • October 28, 2026

    BigLaw Tip Middleman To Admit Role In $3.5M Trading Scheme

    An alleged middleman in a sweeping scheme to trade off of deal information stolen from major law firms has agreed to plead guilty and potentially faces a prison term of nearly a decade, according to a plea agreement filed Wednesday in Massachusetts federal court.

  • October 28, 2026

    Seattle Restaurant Owner Gets 13 Months In $1.4M Tax Case

    A Seattle restaurant owner was sentenced to 13 months in prison and three years of supervised release for willfully failing to pay more than $1.4 million in unemployment, Social Security and Medicare taxes, some of which he withheld from employees' paychecks, federal prosecutors said.

  • October 28, 2026

    SEC Rejects Rengan Rajaratnam's Bid To End Adviser Ban

    The U.S. Securities and Exchange Commission has declined to lift a more-than-decade-old industry ban on the younger brother of convicted insider trader Raj Rajaratnam, rejecting his argument that the restriction has hampered his ability to find work in finance.

  • October 28, 2026

    Wallpaper Biz Ex-CFO Gets 3 Years For Embezzlement

    An Illinois federal judge on Tuesday sentenced the former chief financial officer of a Chicago-area company's wallpaper business subsidiary to three years in prison for embezzling more than $1 million from the entity to purchase luxury items.

  • October 28, 2026

    'Modest Needs' Founder Gets 8 Years For Looting Charity

    A Manhattan federal judge on Wednesday sentenced a charity founder to eight years in prison for embezzling over $2.5 million of charitable funds to live a luxury lifestyle, after his bid to withdraw a guilty plea on fraud and tax evasion charges was nixed.

  • October 28, 2026

    Womble Bond Names DC Partner White Collar Group Head

    Womble Bond Dickinson has tapped a partner of 5½ years to lead its white collar defense and criminal investigation team, which includes a group of former federal prosecutors and regulatory lawyers, according to an announcement Tuesday.

  • October 28, 2026

    BakerHostetler Malpractice Case To Expand With RICO Claim

    A Georgia federal judge has allowed a trustee who has accused BakerHostetler and an Atlanta-based attorney of legal malpractice to file an amended complaint after the trustee asked to add claims of Georgia RICO Act violations.

  • October 28, 2026

    DOJ's New Comey Case May Get Stuck In Procedural Weeds

    The Justice Department's last-minute attempt to stop the statute of limitations from expiring in the criminal case against former FBI Director James Comey over a decade-old allegation has raised an "open legal question" that could clarify procedural law and determine whether the prosecution moves forward, experts say.

  • October 28, 2026

    LA's Top Federal Prosecutor 'Unlawfully Serving,' Judge Finds

    A federal judge has ruled that Los Angeles' top federal prosecutor isn't legally serving in the role and that he is disqualified from participating in or supervising two criminal prosecutions.

Expert Analysis

  • Opinion

    Clancy Trial Shows Need For Juror Anonymity Reforms

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    Doxing of the holdout juror in the Lindsay Clancy murder mistrial in Massachusetts illustrates the increasing need to provide jurors with greater protection once service ends in high-profile cases, balancing concerns about transparency and independence, says Daniel Schneider at Offit Kurman.

  • How Wells Notice Ruling Signals Future Of SEC Enforcement

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    The U.S. Securities and Exchange Commission's recent opinion in a Financial Industry Regulatory Authority disciplinary proceeding is, on its face, a decision about the scope of FINRA's power, but it also illustrates how the SEC expects its own enforcement program to operate, say attorneys at Fridman Fels.

  • NY Art Ruling Creates Fault Line In Cultural Property Cases

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    A recent New York state appellate decision, blocking a Holocaust victim’s heirs from using a criminal turnover order to reclaim a work the Art Institute of Chicago says it acquired legally, makes establishing ownership a newly central question in cultural property disputes, says Duncan Levin at Levin & Associates.

  • Texas Medicaid Fraud Decision Leaves 2 Open Questions

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    The Texas Supreme Court's decision in Laboratory Corp. of America Holdings v. Texas and NPT Associates, holding that the Texas Medicaid Fraud Prevention Act's omissions provision requires proof of materiality, creates ambiguity about the materiality requirement and about how Texas courts will treat federal precedent going forward, say attorneys at Sidley.

  • FinCEN Exemption Raises Statutory, Administrative Questions

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    The Financial Crimes Enforcement Network's recently rolled-out broad exemption for U.S. companies from Corporate Transparency Act reporting may face administrative law and statutory challenges, so businesses should still preserve ownership records and monitor litigation and congressional action, says David McCarville at Fennemore.

  • Opinion

    CFTC's New Award Policy Punishes Whistleblower Success

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    The U.S. Commodity Futures Trading Commission recently capped four whistleblower awards because it considered them too large, arguing that it could lead to frivolous reporting, but the move instead penalizes the program for its own success and flies in the face of the framework enacted by Congress, say attorneys at Whistleblower Partners.

  • Testing AI's Promise For Large-Scale Document Review

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    Our document-review comparison of attorneys' responsiveness and issue coding decisions versus predictions generated by artificial intelligence across 1,600 documents suggests that these tools can offer a reasonable and reliable basis for improved discovery workflows, provided lawyers understand where guardrails are needed, say attorneys at Redgrave.

  • AI Meeting Recaps Pose New Discovery And Privilege Risks

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    The New York City Bar Association’s recent ethics opinion, cautioning attorneys not to record nonclient conversations with artificial intelligence tools, reflects an emerging view that AI meeting recaps are now a distinct business record category, meaning counsel should set meeting-level controls and apply framework-level updates, says William Wright at Faegre Drinker.

  • What Comes Next For Digital Asset Regs After Clarity Act Flop

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    After the U.S. Senate recently blocked the Digital Asset Market Clarity Act, agency rulemaking could still offer a near-term remedy, and companies meanwhile should monitor the existing framework assembled from enforcement precedent and case law in the absence of a purpose-built statute, say attorneys at Ropes & Gray.

  • $95M Nev. Case Provides Clues On Wound Care Enforcement

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    Federal prosecutors’ recent U.S. v. Dubin indictment, charging a Nevada physician with healthcare fraud over an alleged $95 million Medicare billing scheme involving amniotic wound allografts, provides a clearer picture of an increasingly data-driven enforcement strategy that follows the entire wound care transaction, say attorneys at Bass Berry.

  • DOJ Fraud Memo Highlights Trade Enforcement Playbook

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    A recent U.S. Department of Justice memo that outlines the Fraud Enforcement Division's priorities demonstrates that customs and trade fraud enforcement has entered a new and far more aggressive phase, with recent cases highlighting how the False Claims act is driving the new push, say attorneys at Foley & Lardner.

  • UBS Settlement Shows Cost Of Delayed AML Fixes

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    A recent Financial Crimes Enforcement Network settlement with UBS over failure to implement anti-money laundering remediation shows that regulators value prompt fixes and remain focused on the role of financial institutions in facilitating narcotics trafficking and cartel activity, say attorneys at Miller & Chevalier.

  • First Steps For Companies Facing AI-Assisted Pro Se Suits

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    As the volume of filings by pro se litigants assisted by artificial intelligence tools continues to increase, companies should adopt a consistent early assessment process to control costs while responding fairly and effectively to such claims, say attorneys at Stradley Ronon.

  • Hugging Face Attack Is A Warning To The Securities Markets

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    The recent Hugging Face cyberattack, in which OpenAI's artificial intelligence agents hacked a third party without human instruction, raises questions about how regulators could respond to a similar incident in the securities markets and whether there's a substitute for scienter if no person is behind a financial crime, says Joseph A. Hall at Davis Polk.

  • FTC Push May Create Dual Origin-Claim Risks For Contractors

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    Recent Federal Trade Commission actions involving Made in USA advertising requirements offer a preview of enforcement themes that may impose dual compliance burdens on government contractors that are also subject to Federal Acquisition Regulation Buy American restrictions, says Amy Hoang at Seyfarth.

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