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White Collar
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January 22, 2026
Judge Severs Tax Charges From Ex-Rep's Foreign Agent Case
A former Florida congressman will get to contest tax charges against him separately from a criminal indictment alleging he and a political consultant failed to register as foreign agents while lobbying on behalf of Venezuela's state oil company, a federal judge ruled.
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January 22, 2026
Sentencing Judge Blasts Ex-Mars Exec's 'Entitlement'
A former Mars Inc. risk executive on Thursday was sentenced to 63 months in prison and ordered pay the candy company more than $28.4 million in restitution after pleading guilty to two counts of wire fraud and one count of tax evasion surrounding a decade-long fraud scheme.
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January 22, 2026
10th Amtrak Worker Cops To Role In $11M Fraud Scheme
A former Amtrak employee has admitted to participating in a scheme that prosecutors claim defrauded the rail carrier out of $11 million in health benefits, making him the 10th defendant in a year to plead guilty in the case, the U.S. attorney's office in New Jersey said on Thursday.
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January 22, 2026
Feds Won't Retry Landmark OpenSea NFT Fraud Case
Federal prosecutors won't retry their fraud claims against the former OpenSea manager accused of insider trading on his employer's nonfungible token platform, walking away from the case after the Second Circuit overturned the conviction last July.
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January 22, 2026
Ga. Financial Firm CEO Cops To $380M Ponzi Scheme
The CEO of an Atlanta-area financial advisory group has pled guilty to conducting a $380 million Ponzi scheme, which is likely the largest in Georgia history, according to prosecutors.
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January 22, 2026
Marketers Who Sold Fraudulent StraightPath Funds Plead Out
Two New York men who hawked pre-initial public offering shares for fraud-ridden vendor StraightPath from "boiler room" sales floors pled guilty Thursday to fraud charges, after Manhattan federal prosecutors charged them with raising $185 million by duping customers.
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January 22, 2026
Agency Not Covered For Injury Suit Over Fraud, Carrier Says
A construction policy insurer agency and its owner aren't owed coverage for an underlying personal injury lawsuit, its professional liability carrier told a New York federal court, alleging a third-party lawsuit accusing the owner of fraud and misappropriating insurance funds triggered an exclusion in its professional liability policy.
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January 21, 2026
Holmes Seeks Trump Clemency For Theranos Fraud Sentence
Former Theranos CEO Elizabeth Holmes has asked President Donald Trump to commute an 11-year prison sentence she's been serving for defrauding investors with bogus blood-testing technology, according to the U.S. Department of Justice's Office of the Pardon Attorney.
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January 21, 2026
Lawyer Testifies Goldstein Dodged $500K Poker Repayment
A former employee at Thomas Goldstein's law firm recounted in court Wednesday that a U.S. Internal Revenue Service levy was placed on the SCOTUSblog founder's accounts, while a lawyer at another firm said Goldstein dodged repaying him for money invested in his poker-playing exploits.
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January 21, 2026
'Out Of Control': Coach Says He Placed Bets For Ex-MLB Star
A baseball coach who placed illegal sports wagers for former MLB star Yasiel Puig took the stand Wednesday in the player's obstruction of justice trial, telling a California federal jury that Puig's gambling got "out of control" and that the coach feared repercussions from bookies after Puig didn't pay his debts.
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January 21, 2026
Ex-TD Bank Worker Cops To Taking Money Laundering Bribes
A former New Jersey-based TD Bank NA employee pled guilty on Wednesday to accepting bribes and leveraging his position to facilitate the movement of over $26 million to Colombia through TD Bank accounts.
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January 21, 2026
Gambler Gets 2 Years For NBA Bet-Rigging Scheme
A self-described compulsive gambler was sentenced in Brooklyn federal court Wednesday to two years in prison for conspiring with a now-former NBA player and others to place rigged bets on his performance with knowledge that the Toronto Raptors center and power forward would be taking a dive.
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January 21, 2026
Schwab Nixed From DOL Enforcement Suit Against Other Firm
A Pennsylvania federal judge on Wednesday dismissed two Schwab companies from a U.S. Department of Labor enforcement case, finding the financial services providers' participation was no longer needed in the agency's dispute against another firm.
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January 21, 2026
Feds Say Medicare Steering Case Meets FCA Legal Bar
The government said Wednesday that its False Claims Act complaint accusing insurers and brokers of participating in a kickback scheme to steer customers to Medicare Advantage plans doesn't conflict with a First Circuit decision last year setting out the standard for such cases.
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January 21, 2026
Ga. Justices Deny Atty's Reprimand Bid After Jan. 6 Actions
A public reprimand may not be enough to discipline an attorney who was convicted and later pardoned of a felony and several misdemeanor federal offenses in connection with his participation in events at the U.S. Capitol on Jan. 6, 2021, the Georgia Supreme Court said Wednesday.
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January 21, 2026
FINRA Says Firm Broke Reg BI By Not Spotting Risky Trading
The Financial Industry Regulatory Authority has accused a broker-dealer and its ex-CEO of violating Regulation Best Interest by failing to identify suspicious, excessive trading in a customer account by a representative of the firm, causing the client $1.2 million in losses.
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January 21, 2026
Former Ga. State Rep. Cops To COVID Loan Fraud
A former Georgia Democratic lawmaker pled guilty Wednesday to charges that she fraudulently obtained pandemic-era unemployment benefits, the Department of Justice said.
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January 21, 2026
SEC Wins $9.7M In Cemtrex Fraud Case After 2nd Circ. Remand
The U.S. Securities and Exchange Commission has secured a $9.7 million judgment against the founder of an industrial manufacturer who allegedly diverted over $7.3 million of investor funds from his company to his private accounts, after the Second Circuit vacated the previous disgorgement award and remanded the case.
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January 21, 2026
Feds Oppose Bail For Conn. Oil Trader During FCPA Appeal
Federal prosecutors are fighting an oil trader's bid for freedom while he appeals a 15-month Foreign Corrupt Practices Act prison sentence, arguing the trader should begin serving time by Feb. 9 because his jury conviction probably won't be reversed.
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January 21, 2026
3rd Circ. Questions Mushroom Farmer's Tax Bill Accounting
A Third Circuit panel appeared skeptical Wednesday of a woman's bid to reduce her prison term for tax violations connected to her family's mushroom farm, with judges suggesting that different swaths of taxes she failed to pay the government could be grouped together as "relevant conduct" under federal sentencing guidelines.
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January 21, 2026
Greenberg Traurig Builds Up Nat'l Security Group With 3 Hires
Greenberg Traurig LLP has hired the former cohead of Eversheds Sutherland's national security group in Washington, D.C., as the chair of its newly formed national security group, which is growing in the nation's capital with his addition and the hiring of a former CIA leader and a former deputy general counsel of the U.S. Cyber Command.
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January 21, 2026
DOJ Outline Of New Fraud Role Doesn't Mention WH Oversight
A U.S. Department of Justice official explained the parameters of the new role of assistant attorney general for fraud in a recent letter to Congress, obtained Wednesday by Law360, but did not mention the individual will be overseen by the White House, as the vice president previously said.
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January 21, 2026
Jefferies Steered Feds To $200M Water Ponzi Case, Judge Told
Two men charged in connection with an allegedly massive water-vending Ponzi scheme were investigated after counsel for investment giant Jefferies — one defendant's former employer — walked the case into the Manhattan U.S. attorney's office, a federal judge heard Wednesday.
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January 21, 2026
Justices Wary Of Greenlighting Trump Bid To Fire Fed's Cook
The U.S. Supreme Court on Wednesday appeared reluctant to let President Donald Trump immediately oust Federal Reserve Gov. Lisa Cook, with multiple justices expressing doubts about administration claims of broad presidential removal power over the central bank.
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January 21, 2026
Cozen O'Connor Brings On Ex-Federal Prosecutor In LA
Cozen O'Connor is expanding its West Coast team, bringing in a former assistant U.S. attorney as a member in its Los Angeles area offices.
Expert Analysis
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Reel Justice: 'Die My Love' And The Power Of Visuals At Trial
The powerful use of imagery to capture the protagonist’s experience of postpartum depression in “Die My Love” reminds attorneys that visuals at trial can persuade jurors more than words alone, so they should strategically wield a new federal evidence rule allowing for illustrative aids, says Veronica Finkelstein at Wilmington University.
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Opportunities Amid The Challenges Of Trump's BIS Shakeup
The Trump administration’s continuing overhaul of the Bureau of Industry and Security has created enormous practical challenges for export compliance, but it potentially also offers a once-in-a-generation opening to advocate for simplifying and rationalizing U.S. export controls, say attorneys at Gibson Dunn.
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How SEC Civil Penalties Became Arbitrary: The Data
Data regarding how the U.S. Securities and Exchange Commission has adhered to its own civil penalty rules over the past 20 years reveals that awards are no longer determined in accordance with the guidelines imposed on the SEC by the securities laws, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.
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Series
Hosting Exchange Students Makes Me A Better Lawyer
Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills, but also because sharing the study-abroad experience with newcomers and locals reconnects me to my community, says Alison Lippa at Nicolaides Fink.
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Postconviction Law In 2026: A Recalibration, Not A Revolution
As the U.S. Supreme Court prepares to issue decisions in several federal postconviction cases in the coming months, the justices appear focused on restoring coherence to a system in which sentencing modification, collateral review and finality increasingly overlap, and success for practitioners will depend on strategic clarity, say attorneys at the Law Offices of Alan Ellis.
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How SEC Civil Penalties Became Arbitrary: The Framework
An examination of how the U.S. Securities and Exchange Commission has recently applied guidelines governing the imposition of monetary penalties in enforcement actions shows that civil penalty awards in many cases are inconsistent with the rules established to structure them, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.
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How A 1947 Tugboat Ruling May Shape Work Product In AI Era
Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.
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Takeaways From 7th Circ.'s Bank Fraud Conviction Reversal
The Seventh Circuit’s recent decision in U.S. v. Robinson, holding that a bank fraud conviction must be grounded in a clear misrepresentation to the financial institution itself, signals that the court will not hesitate to correct substantive errors, even in unpreserved challenges, say attorneys at Quinn Emanuel.
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Navigating Privilege Law Patchwork In Dual-Purpose Comms
Three years after the U.S. Supreme Court declined to resolve a circuit split in In re: Grand Jury, federal courts remain split as to when attorney-client privilege applies to dual-purpose legal and business communications, and understanding the fragmented landscape is essential for managing risks, say attorneys at Covington.
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2 OFAC Sanctions Actions Highlight PE Compliance Risk
Recent Office of Foreign Assets Control enforcement actions against two private equity firms for facilitating sanctioned persons' access to the U.S. financial system underscore the need for nonbank financial institutions' compliance programs to consider the sanctions risk of their investors, including indirect dealings with blocked persons, say attorneys at Paul Weiss.
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Easing Equity Research Firewall Shows SEC Open To Updates
The U.S. Securities and Exchange Commission’s recent agreement to modify a decades-old settlement meant to limit investment bankers’ influence over research analysts within major broker-dealer firms reflects a shift toward a commission that recognizes how rules can be modernized to lighten compliance burdens without eliminating core safeguards, say attorneys at Ropes & Gray.
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Series
Calif. Banking Brief: All The Notable Legal Updates In Q4
The regulatory and litigation developments for California financial institutions in the fourth quarter of 2025 were incremental but consequential, with the Department of Financial Protection & Innovation relying on public enforcement actions to articulate expectations, and lawmakers and privacy regulators playing a role as well, says Stephen Britt at Stinson.
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Series
Fly-Fishing Makes Me A Better Lawyer
Much like skilled attorneys, the best anglers prize preparation, presentation and patience while respecting their adversaries — both human and trout, says Rob Braverman at Braverman Greenspun.
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Unpacking The DOJ Meatpacking Probe
The recent U.S. Department of Justice meatpacking antitrust investigation is in line with the Trump administration's focus on crimes that affect U.S. consumers, and businesses in other agricultural sectors should be aware of the increased antitrust scrutiny currently aimed at the industry, say attorneys at Norton Rose.
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4 Ways GCs Can Manage Growing Service Of Process Volume
As automation and arbitration increase the volume of legal filings, in-house counsel must build scalable service of process systems that strengthen corporate governance and manage risk in real time, says Paul Mathews at Corporation Service Co.