Thursday, July 16, 2009

In the News & Around the Blogosphere

Dionne Searcy & Amir Efrati, WSJ Blog, Sins and Admission: Getting Into the Top Prisons - The Bureau of Prisons Didn't Grant Madoff His First Choice, and Rebuffed a Judge's Recommendation. Why? (w/ a hat tip to Mark Johnson)

DOJ Press Release, Ship Captain and Chief Officer Plead Guilty to Crimes Related to Pollution from Cargo Ship Traveling to New Orleans

Stanley A. Twardy Jr. & Daniel E. Wenner,, One Rogue Worker Can Take an Entire Company Down (for previous discussion on the Ionia case see here and here)

Mark McDonald, NYTimes, Beijing Court Convicts Ex-Sinopec Chief of Bribery

David Glovin, Bloomberg, Madoff Accountant Friehling Waives Indictment, May Plead Guilty

NYTimes (AP),  Ex-Financier Has 2 Years Added to Sentence for Fleeing

Mark Hamblett, NYLJ,, 2nd Circuit Says Adviser's Knowledge of Bayou Hedge Fund Fraud Not Proven (the opinion can be found here)

Zachery A. Goldfarb, Washington Post, SEC Chairman Requests Broad Investigative Power

DOJ Press Release, Former New York City Council Member Pleads Guilty to Federal Fraud and Money Laundering Charges

Office of the Attorney General of NY (Andrew Cuomo), Press Release, Attorney General Cuomo Announces Six Arrests in $47 Million Medicaid Scam - Fraudulent Medicaid Provider Allegedly Developed An Elaborate Financial Web To Steal From Medicaid And Launder The Proceeds 

DOJ Press Release, Former Boeing Engineer Convicted of Economic Espionage in Theft of Space Shuttle Secrets for China 

(esp) (blogging from The Hague, Netherlands)

July 16, 2009 in News | Permalink | Comments (0) | TrackBack (0)

In the News & Around the Blogosphere

Kevin Johnson, USA Today, Prison Coaches Charge Up to $20K to Prep White-Collar Perps

DOJ Press Release, Endoscopic Technologies to Pay U.S. $1.4 Million to Resolve Allegations of Medicare Fraud

Mark Douglas & Michael Sasso,, Agents raid St. Pete contractor that worked on shuttle (jackets agents were wearing read "NASA OIG" which implies that the Office of the Inspector General may have been at the heart of this search) 

Cary O'Reilly & David Glovin, Bloomberg, Madoff in Transit to Federal Prison After Processing;  ABC News, Brian Ross Reports: Madoff Arrives at NC Prison to Serve 150-Year Sentence

Michael J. Shepard, Inside Counsel, What Corporate Defendants Can Learn From the Barry Bonds Case

Mark Lillis, Washington Independent, Insider Trading Bill Looks to Hold Congress to Corporate Standard -Loophole Allows Members and Staff to Trade on Non-Public Information

Mike Scarcella, BLT Blog, Baker Hostetler's Dettelbach Nominated for U.S. Attorney in Ohio (check him out here)

DOJ Press Release, Alleged Founder of Street Gang That Uses Violence to Control Hardcore Punk Rock Music Scene Arrested on Extortion Charge for Shaking Down $5,000 from Recording Artist for Protection

Lynnley Browning, NYTimes, Judge Gives UBS and U.S. Time to Seek a Settlement 

DOJ Press Release,New Jersey Electrical Services Company Employee Sentenced to 20 months in Jail for Kickback and Fraud Scheme

DOJ Press Release, Northern District of Illinois discusses an indictment for an alleged "swindling [of] 290 investors in [a] $12 million Ponzi-Scheme" here

DOJ Press Release, Houston Computer Administrator Sentenced to Two Years in Prison for Hacking Former Employer’s Computer Network

(esp)(blogging from The Hague, Netherlands)

July 16, 2009 in News | Permalink | Comments (0) | TrackBack (0)

White Collar Crime Blog Again Makes Top 20

The rankings are out and this blog was ranked 18th for visitors and 18th for page views on the 2009 Law Prof Blog Traffic Rankings.  The rankings process and time period covered are described on Paul Caron's Tax Prof Blog here

Your readership is appreciated, so thank you for clicking this way.

(esp) (blogging from The Hague, Netherlands)

July 16, 2009 in About This Blog | Permalink | Comments (1) | TrackBack (0)

Tuesday, July 14, 2009

Fumo Sentenced

After a 5 1/2 month trial (that had to have been a significant punishment in itself), Former State Senator (Pa.) Vincent J. Fumo was convicted.  An issue previously discussed relative to this trial pertained to posting on Facebook and Twitter during trial (see here).  He has now been sentenced to  55 months with the judge setting the loss figure at $1.2 million.  The prosecution appears not to be happy with this sentence (see here).

Representing Fumo were Samuel Buffone (Ropes & Gray, Washington DC - he recently won the Yeager case in the United States Supreme Court see here); Dennis Cogan (Philadelphia) and Peter Goldberger (Ardmore, PA).

See Doug Berman's Sentencing Law & Policy Blog here, Legal Intelligencer Blog, Fumo’s Daughter, Fiance, Beg for Mercy; Emilie Lounsberry and Craig R. McCoy ,Philadelphia Inquirer, Fumo Gets 55 Months

(esp)(blogging from The Hague, Netherlands)

July 14, 2009 in Fraud, Sentencing | Permalink | Comments (0) | TrackBack (0)

Monday, July 13, 2009

Dreier - Twenty Years

Benjamin Weiser, NYTimes, Lawyer Gets 20 Years in $700 Million Fraud

(esp)(blogging from the Hague, Netherlands) 

July 13, 2009 in News, Sentencing | Permalink | Comments (0) | TrackBack (0)

Sunday, July 12, 2009

Two DOJ Offices Moving on White Collar Cases

From opposite sides of the U.S., two U.S. Attorneys Offices are actively involved in white collar cases.  Obviously many other offices have white collar investigations, prosecutions, guilty pleas, and sentencings -- but for the past week these two offices have been in the news a good bit.

In the Southern District of New York a press release tells that there was a plea by "a former tax partner at the BDO Seidman accounting firm, [who] pleaded guilty . . . to three counts of a Superseding Indictment that charge[d] him with conspiracy to defraud the United States in connection with tax shelter transactions involving clients of his firm and of the law firm Jenkens & Gilchrist ("J&G"); tax evasion in connection with a multimillion-dollar tax shelter that [he] helped sell to a client of his firm; and a corrupt endeavor to obstruct and impede the due administration of the internal revenue laws."

The Southern District of New York also had a press release telling about charges against six in an alleged 140 million dollar investment fraud and stock manipulation scheme, a press release telling about a Connecticut investor who was "found guilty in [a] scheme to bribe government officials in Azerbaijan," and a press release telling of a "Smart Online CEO and two others [who were] found guilty of manipulation of company stock."

On the opposite coast, in the Central District of California, a press release tells of a major indictment in the medical arena. The press release states that "Federal and State authorities . . .  arrested 20 defendants accused of being part of [a] ring that defrauded Medi-Cal out of nearly $4.6 million by using unlicensed individuals to provide in-home care to scores of disabled patients, many of them children with cerebral palsy or developmental disabilities. "  The press release says that the 41 count indictment included "42 defendants" and that it was "part of an investigation called Operation License Integrity, a two-year investigation conducted by the Federal Bureau of Investigation, the U.S. Department of Health and Human Services Office of Inspector General, and the Office of the California Attorney General-Bureau of Medi-Cal Fraud and Elder Abuse."

(esp)(blogging from The Hague, Netherlands)

July 12, 2009 in Fraud, Investigations, Settlement | Permalink | Comments (0) | TrackBack (0)