White Collar Crime Prof Blog

In the News and Around the Blogosphere

Grant McCool, Reuters, Indicted NY Lawyer Released on Bail into House Arrest

Hispanic Business.com, PR Wire, Sigue's Commitment to Industry Standard Compliance Program Results in Dismissal of Deferred Prosecution Agreement

Reuters, Skilling to Seek Supreme Court Review of Sentence; Kristen Hays, Houston Chronicle, Court rejects bid to review ex-Enron CEO's case

Andrea Estes, Boston Globe, Two Top Patrick Aides to Testify - Pair subpoenaed in Cognos probe

Cynthia Burton, Philadelphia Inquirer, Fishman recommended for U.S. attorney in N.J.

Joe Palazzolo, BLT Blog, Judge Holds Prosecutors in Contempt in Stevens Case

DOJ Press Release, Three Miami Physicians and Three Medical Workers Charged with $10 Million Medicare Fraud Scheme

DOJ Press Release, APL Ltd. to Pay U.S. $26.3 Million to Resolve Fraud Allegations for Inflated Shipping Costs to Military in Iraq and Afghanistan

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In the News & Around the Blogosphere

Bob Keefe, AJC, Peanut Corp. president refuses to testify to Congress

Chisun Lee, Pro Publica, Senators Propose to Expand Financial Fraud Laws

Joe Palazzolo, BLT Blog, Feds Set Sights on 'Gatekeepers' in Fraud Investigations

Jordan Weissmann, BLT Blog, Tejada Pleads Guilty

Lynne Marek, NLJ, law.com, Ex-Illinois Governor Angling to Rehire Defense Attorney

Amanda Bronstad, NLJ, law.com, Court denies Texas billionaire's request for documents in kickback case against Milberg

DOJ Press Release, Former Executive Indicted for His Role in Two Cathode Ray Tube Price-Fixing Conspiracies - Global Price-fixing Scheme Involves Tubes Used in Computer Monitors and Televisions

DOJ Press Release, Five Individuals Indicted for Devising and Participating in Stock Manipulation Scheme

Holbrook Mohr, law.com(AP), Scruggs Pleads Guilty to Mail Fraud

Anne Sutton, law.com (AP), Alaska's Attorney General Resigns in Wake of Troopergate Investigation

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Kellogg, Brown & Root LLC Pleads on FCPA

According to a DOJ Press Release "Kellogg Brown & Root LLC (KBR), a global engineering, construction and services company based in Houston, pleaded guilty today to charges related to the Foreign Corrupt Practices Act (FCPA) for its participation in a decade-long scheme to bribe Nigerian government officials to obtain engineering, procurement and construction (EPC) contracts. . ."  The company plead to a "five-count criminal information" and "agreed to pay a $402 million criminal fine." The company issued a press release that stated that:

"[u]nder the terms of the settlement announced earlier today, KBR will make payments totaling $20 million over the next eight quarters to the DOJ. The information contained in the DOJ and SEC settlements note aggregate financial penalties totaling $579 million. The remainder of the penalties will be paid by Halliburton pursuant to indemnities under the 2006 Master Separation Agreement between KBR and Halliburton."

KBR has also agreed "to retain a compliance monitor to review KBR's continued compliance with anti-corruption laws."  See also the FCPA Blog here

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NeuroMetrix- Deferred Prosecution Agreement

Check out Marketwatch, NeuroMetrix Resolves Investigation into Past Sales and Marketing Practices for the latest deferred prosecution agreement. 

A press release issued by NeuroMetrix tells that "it has reached a resolution with the United States Department of Justice ("DOJ") and the Office of Inspector General ("OIG") of the United States Department of Health and Human Services regarding the previously-disclosed investigation into certain of the Company's past sales and marketing practices relating to its NC-stat System." It looks like a 3.7 million dollar price tag as "the Company has agreed to a $1.2 million payment and the DOJ has agreed not to prosecute NeuroMetrix in return for compliance with the terms of the three-year Agreement." Additionally there is a "civil Settlement Agreement with the DOJ and OIG" for 2.5 million. 

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In the News & Around the Blogosphere

Jamie Olis moves to a half-way house today. 

The Steroids Scandal continues - here (Ronald Blum, AP- AJC, A-Rod admits using performance-enhancing drugs)

Mark Hamblett, NYLJ, law.com, N.Y. Attorney Convicted of Mortgage Fraud

Leo Strupczewski & Peter Hall, Legal Intelligencer, law.com, Rumors Abound That Alleged Case-Fixing Is Target of Pa. Probe

Tracy Green & Ann C. Scheider,  Real Estate Fraud -- Ten Individuals Indicted in San Diego Case Relating To Home Foreclosure Services

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In the News & Around the Blogosphere

Marisa McQuilken, BLT Blog, Cleary Partner David Becker Tapped as SEC GC

DOJ Press Release, Government Contractor Sentenced to 30 Months in Prison on Bribery Charges

Allan Lengel, Ticklethewire.com, New Mexico U.S. Attorney Would Like to Stay

Jesse Westbook & David Scheer, Bloomberg, SEC Said to Consider Khuzami to Lead Enforcement Unit  ; Securities Docket, Report: Robert Khuzami Top Candidate to be Next SEC Enforcement Director

NYTimes, R.I.M. Officers Settle Backdating Case

Melinda Peer, Forbes, Nader: Collar White-Collar Criminals - Anti-corporate activist wants U.S. to watch for crime in the executive suite like it watches for crime in the street.

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