A former Barclays executive told in-house lawyers he was worried that a secret payment to Qatar to secure an investment as part of an emergency fundraising during the financial crisis would be seen as a bribe, prosecutors said at a London fraud trial Monday.
Lawyers for President Donald Trump argued Friday that as a sitting president, he has “absolute immunity” from criminal investigations and therefore the Second Circuit should block the Manhattan district attorney from subpoenaing Trump’s tax returns.
The Protect Democracy Project sued the U.S. Department of State in Massachusetts federal court on Friday in a quest for information about interactions Rudy Giuliani has had regarding how his client President Donald Trump's "personal political interests may have come to dominate U.S. diplomatic activities in Ukraine."
An attorney who represents the convicted founder of the NXIVM sex cult no longer has her application pending for a job in the U.S. attorney's office for the Eastern District of New York, following concerns the job pursuit could be a conflict of interest in the high-profile racketeering and sex trafficking case against Keith Raniere.
A trio of federal financial regulators released a joint statement on Friday urging anyone dealing with digital currencies to ensure they are adhering to obligations under anti-money laundering and countering the financing of terrorism regulations, regardless of what those digital assets are called.
Federal prosecutors say two former Deutsche Bank traders’ deserve substantial prison time for Libor rigging as a crime “emblematic” of big banks’ bad behavior, while the traders argue that they had already suffered enough as two of the few to be prosecuted over the international scandal.
A California federal judge set a $1 million bond on Friday for a San Francisco businessman facing charges that he and associates of the president's personal lawyer Rudy Giuliani violated campaign finance laws in seeking influence for Ukrainian officials, ordering the man to home detention once he posts the money.
U.S. District Judge Jed S. Rakoff allowed Manhattan hairdresser Abell Oujaddou to avoid prison for insider trading Friday, citing his remorse and cooperation with prosecutors, but smacked the wealthy business owner with a $500,000 fine for a crime of "sheer greed."
The long-awaited trial of Privinvest executive Jean Boustani over his role in a securities fraud, bribery and kickback scheme involving $2 billion in Mozambican government loans is scheduled to commence on Tuesday.
A Chicago resident ran an illegal gambling business and hid that work and related income in a bankruptcy proceeding he initiated to escape a $1.5 million civil judgment, according to charges federal prosecutors made public Friday.
Paying his “Varsity Blues” bribe in cash saved a frozen foods entrepreneur from spending time behind bars, as he became the first parent to plead guilty in the college admissions case and avoid prison time following a Friday afternoon hearing.
After 25 years on the federal bench in Chicago, former Chief U.S. District Judge Rubén Castillo is returning to private practice as a man with a mission, ready to tackle "unfinished business."
A Houston-based company that buys and sells fuel has filed a lawsuit against a former business partner whose CEO styles himself as "the $40 Billion Man," alleging the partner company is actually operating a Ponzi scheme.
A Brooklyn state court judge was arrested Friday on charges of obstructing Manhattan federal prosecutors' probe into corruption at Municipal Credit Union, while an ex-cop was charged with embezzling from the credit union and peddling pills to its convicted CEO.
Nevada Gov. Steve Sisolak formed a task force to root out corruption in the state’s cannabis industry on Friday, saying he was “outraged” by allegations that associates of President Donald Trump's lawyer, Rudy Giuliani, funneled Russian cash to Nevada political candidates in a bid to obtain a cannabis license.
A Detroit-area personal injury attorney has been indicted in a Michigan federal court on 10 counts of tax evasion and tax fraud accusing him of trying to hide about $1 million from the IRS, the Department of Justice said Friday.
Just when rapper Ja Rule thought he was out, jilted Fyre Festival ticket holders suing for $100 million are trying to pull him back in, claiming new information shows he was promoting the doomed festival even as he knew it was destined for spectacular failure.
A Manhattan federal judge hit former Public Company Accounting Oversight Board accountant Jeffrey Wada with nine months in prison Friday for passing inspection secrets from the financial watchdog to KPMG, calling him a “crucial” component of an illegal scheme that led to six convictions.
The past week has seen asset manager BlueCrest drag a U.S. hedge fund into court following its expansion into the U.K., a City watchdog sue a Panamanian connected to an illegal land sale scheme and a Hong Kong food distributor file suit against shipping giant MSC. Here, Law360 looks at those and other new claims in the U.K.
Barclays executives who conspired to pay £322 million ($396 million) in secret fees to secure capital from Qatar during the financial crisis created a fake “audit trail” to cover their tracks, prosecutors told a London jury Friday during the bankers’ fraud trial.
A former Miami financial adviser pled guilty Friday on the eve of a trial in a federal criminal case claiming he violated the Foreign Corrupt Practices Act by funneling millions to Ecuadorian oil officials to secure contracts for a private company.
President Donald Trump's longtime accounting firm must hand over business records to a congressional committee investigating the president, the D.C. Circuit said in a split decision Friday, upholding a trial judge's ruling in favor of House Democrats.
The U.S. Securities and Exchange Commission asked a New York federal judge to approve a settlement reached with a Montana investor recently sentenced for his role in a scheme led by serial fraudster Jason Galanis that defrauded pension funds and a Native American tribe.
A Maryland man who pled guilty to scamming investors including lawyers, bankers, investment advisers and professional athletes in a $396 million scheme offering high returns on consumer debt was sentenced Thursday to 22 years in federal prison and to pay at least $190 million in restitution.
A New York federal judge on Thursday declined to send a bottle collection company manager to prison for what prosecutors say was a $1.5 million scheme to overbill for the empty beverage containers the company delivered back to Pepsi and Canada Dry for recycling.
While artificial intelligence has already revolutionized the e-discovery field, the development of emotionally intelligent AI promises to explore data in an even more nuanced and human way, thereby further reducing the burden on legal teams, say Lisa Prowse and Brian Schrader at e-discovery services provider BIA.
It is unclear how the virtual currency sector will find a practical way to comply with the recent expansion of the Financial Crimes Enforcement Network regulation known as the travel rule, but any solution is likely to have both unintended consequences and unintended benefits, say attorneys with King & Spalding.
As America teeters on the edge of a sports betting revolution, both prudent betting operators and the banks they use should roll out tailored compliance programs that effectively manage reputational, regulatory and business risks to avoid civil or criminal penalties, say attorneys at Cadwalader.
Although most lawyers are well-prepared to defend or justify the value of an insurance claim for clients, often law firms have not clearly identified their own potential liabilities, planned for adequate insurance or established prudent internal risk management practices, says Victor Sordillo at Sompo International.
With lateral transfers between law firms on the rise, it is more important than ever for partners to understand the steps they must take to adhere to ethics rules and other requirements when making a transition, say attorneys at Harris Wiltshire.
Assuming Rudy Giuliani intends to continue his assertion of attorney-client privilege in response to a House intelligence committee's subpoena concerning communications with Ukrainian officials on behalf of President Donald Trump, he has a difficult road ahead, says Tyler Maulsby at Frankfurt Kurnit.
In the past, when a whistleblower brought a complaint to the government, it was considered significant if the U.S. Department of Justice declined to intervene. In this short video, David Tolley and BJ Trach of Latham discuss how things have changed in recent years.
President Donald Trump's New York federal court case against the Manhattan district attorney's subpoena of the president's tax returns insists that his private businesses and business associates are immune from state criminal investigation, but this immunity does not appear in the Constitution or any statute or treaty, say Arthur Middlemiss and Marc Scholl at Lewis Baach.
Several upcoming U.S. Supreme Court decisions — involving such varied issues as criminal procedure, statutory interpretation and public corruption — may see traditional liberal-conservative fault lines fall by the wayside and may have a notable impact on white collar criminal defense practice, say Harry Sandick and Jacob Newman of Patterson Belknap.
By employing tactical empathy techniques to understand the interests behind the positions taken by others, attorneys can gain the upper hand in deal negotiations and litigation while still promoting and preserving long-term relationships with opponents, judges and others, say Shermin Kruse of TEDxYouth@Wrigleyville and Ursula Taylor of Strategic Health.
Law firms are beginning to recognize implicit bias as a problem. But too few recognize that it is also an opportunity to broaden our thinking and become better legal problem solvers, says Daniel Karon of Karon LLC.
U.S. Supreme Court Justice Neil Gorsuch's new book "A Republic, If You Can Keep It" offers hope for our constitutional system through stories of American greatness, and sheds much-needed light on originalism for skeptics, says Sixth Circuit Judge Amul Thapar.
As the health care industry continues to evolve, so do the government's enforcement priorities. In this brief video, David Tolley and BJ Trach of Latham discuss two key areas of focus for the U.S. Department of Justice: the opioid crisis, and patient support and assistance programs.
While I applaud all of the law firms that have signed the American Bar Association's campaign to improve attorney well-being, to achieve a truly holistic solution we must ask difficult questions about what we do, how we do it and the expectations we have set for ourselves and our clients, says Edward Shapiro at Much Shelist.
In light of the U.S. Department of Justice's recent dramatic increase in criminal enforcement of the Foreign Agents Registration Act, a wide array of individuals and organizations whose conduct may be implicated by FARA should keep in mind several key compliance considerations, say Richard Beizer and Dalal Hasan of Crowell & Moring.