Tuesday, June 24, 2008

In the News

DOJ Hiring Practices - Carrie Johnson, Washington Post, Report Says Partisanship Reigned in Justice Department Hiring Program

Plea in Options Backdating - "Dr. Henry Samueli, the co-founder and former chief technical officer of Broadcom, Inc., pleaded guilty . . . to making a false statement in testimony before the Securities and Exchange Commission relating to that agency’s investigation into options backdating at the Irvine-based technology company." His "plea agreement calls for a sentence of five years probation, a $250,000 criminal fine, and the payment of $12 million to the United States for making a false statement to the SEC." DOJ Press Release - Download broadcom_samueli_plea.086.pdf ; See also LaTimes - E. Scott Reckard and Christopher Goffard,  Broadcom co-founder Samueli pleads guilty in stock options fraud case

El Paso Corruption Investigation - DOJ Press Release reporting on a guilty plea to conspiracy to defraud in El Paso County, Texas.  This is part of an ongoing corruption Investigation in El Paso.  The individual admitted that "he conspired with others to pay cash money to an elected member of the El Paso County Commissioner's Court to secure their support and vote for contracts between the County and various vendors seeking to do business with the County."

Criminal Investigation Leads to Bankruptcy - Sean P. Murphy and Jonathan Saltzman, Boston.com (Globe) - Accused Big Deal Firm Files for Ch. 11 - facing US Charges, seeks financial shield

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