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
(esp)
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.
(esp)
Joe Palazzolo, BLT Blog, DOJ Apologizes for Misstatements in Stevens Case
DOJ Press Release, Minnesota Man Arrested in Connection with Ponzi Scheme
Hunton & Williams Press Release, Hunton & Williams LLP Promotes White Collar Criminal Defense Lawyer Patricai M. Sulzbach to Counsel
Pamela A. Maclean, NLJ, law.com, Accounting Firms Take New Hits Over Madoff, Other Ponzi Schemes
R. Robin McDonald, Fulton County Daily Report, law.com, Home Depot Fraud Case Grows With Two More Managers Targeted – Prosecutors seek to seize houses allegedly bought with kickbacks
Susan Schmidt & Evan Perez, WSJ, More Call for Probe on Financial Crisis
(esp)
Debra Cassens Weiss, ABA Jrl, Honest Services Theory Used in Priest Abuse Cover-up Probe
Dickinson Wright has created a internal investigations and corporate monitorship team chaired by Dennis Archer (former ABA Pres) and Michael Volkov (formerly w/ DOJ)
NPR, Subject of Lesbian Rumor Returns to Justice Job
Dechert’s White Collar & Securities Litigation Group, Second Circuit Rejects Opportunity to Limit Application of Vicarious Liability Doctrine to Corporate Criminal Defendants
Teresa Baldes, NLJ, law.com, Detroit’s Former Mayor Is Out of Jail, but Not Out of Legal Problems
Adam Lynch, Jackson Free Press, The Sour Smell of Corruption
(esp)
DOJ Press Release, Coal-fired Power Plant to Spend More Than $135 Million to Settle Clean Air Violations
Tom Lieber, NYTimes, How to Avoid a Tom Daschle Tax Problem
DOJ Press Release, Former Finance Director of California Valve Company Pleads Guilty to Bribing Foreign Government Officials
Feminest Law Professors Blog has moved to here
(esp)
Natalie Neysa Alund & Duane Marsteller, BradentonHerald.com, Judge denies Nadel’s bond -Judge says former Sarasota hedge fund manager is too much of a flight risk; John Hielscher, HeraldTribune.com, Art Nadel is denied release
DOJ Press Release, Former Shipping Executive Sentenced to 48 Months in Jail for His Role in Antitrust Conspiracy – Sentence Is Longest Jail Term Ever Imposed for a Single Antitrust Violation
DOJ Press Release, Former US Congressman Indicted on Charges Related to Bogus Investment Scam Involving Internet Companies
John Morrissy, Canwest News Service, White-collar criminals likely to face jail time, study finds (international)
Jeffrey Scott & Craig Schneider, AJC, Federal officials begin criminal investigation of Georgia plant
Ashby Jones, WSJ Blog, Scrushy, Back in Court, Rails Against Huge HealthSouth Settlement
Jennifer Forsyth, WSJ Blog, Indictment: Marc Dreier Used Fraud Proceeds to Support Lavish Lifestyle
Jason Cato, Pittsburgh Tribune-Review, Wecht’s lawyers push dismissal ; Paula Reed Ward, Pittsburgh Post-Gazette, Wecht case back in court but with new judge
Ann Woolner, Bloomberg, Madoff Victims Suspected a Crime, Just Didn’t Care
Pamela A. MacLean, NLJ, law.com, Lawyers burned in Ponzi schemes – Several ways for unwitting attorneys to be ensnared in swindles
(esp)
David Ingram, BLT Blog, Specter Says He Will Vote for Holder
Elaine Silvestrini, TBO.com, Missing Sarasota Hedge Fund Manager Nadel Surrenders
Houston Chronicle, Former executive pleads guilty
Larry Margasak, LA Times (AP), House Judiciary Committee chairman subpoenas Karl Rove in continuing legal battle
(esp)
Boston Globe, Galvin, SEC say Quincy broker defrauded clients
DOJ Press Release, Former New York Power Authority Employee Sentenced to 37 Months in Jail for Bribery and Fraud Scheme
DOJ Press Release, Lan Cargo S.A., Aerolinhas Brasileiras S.A. and El Al Israel Airlines LTD. Agree to Plead Guilty For Fixing Prices on Air Cargo Shipments – Companies Agree to Pay More Than $124 Million in Criminal Fines
Donovan Slack, Boston Globe, Wilkerson admits she took at least $70,000 -Says ethics panel advice shows gifts were legal
Stephen Labaton, NYTimes, Obama Plans Fast Action to Tighten Financial Rules
Lucy Morgan, St Pete Times, Fighting corruption with the ‘honest services’ doctrine
David Ingram, The BLT Blog, In Fundraising Letter, Streisand Backs Holder Confirmation
Ray Long, Chicago Tribune, House prosecutor: Governor ‘put his office up for sale’
(esp)
US Senators Charles E. Schumer and Richard Shelby will be calling for more resources to "add hundreds of new investigators and prosecutors to the financial fraud units at the nation’s top law enforcement agencies in order to expose and punish white-collar crimes that have contributed to the ongoing fiscal crisis." (see press release here). The press release states that the, "Supplemental Anti-Fraud Enforcement (‘SAFE’) Markets Act, would dedicate an additional $110 million annually for these new hires. The senators said they would seek to pass the additional funding at the earliest possible opportunity." It is good to see that white collar crime is being recognized as an important priority. But it is hoped that with the increase in law enforcement resources, there will also be an increase in resources to indigent defense so that we have a system that truly recognizes the importance of a fair judicial system.
Jeremy Saland, NYCriminal Lawyer Blog, Bribery Plea: Former Bellevue Director Avoids Jail on Felony Plea
Bloomberg News, AP, Chicago Sun Times, Chicagoan named to investigate Lehman’s failure
Scott Glover, LA Times, Woman gets more than 12 years in prison in Ponzi scheme
Mark McDonald, NYTimes, Two Death Sentences in Chinese Milk Cases
Yukari Iwatani Kane & Kara Scannell, WSJ, Apple Bests Downturn, But Faces SEC Probe,
Elaine Silvestrini, TBO.com, SEC Sues Missing Fund Manager; Dealbook, NYTimes, S.E.C. Charges Missing Fund Manager With Fraud; Darrell A. Hughs, WSJ, Fund Chief Is Charged With Fraud (note- SEC charges)
Nathan Koppel, WSJ Blog, No Bailout for Marc Dreier, Argue Feds; Noeleen G. Walder, NYLJ, law.com, Feds Urge Judge to Reject Dreier’s Second Bid for Bail
Daniel Wise, NYLJ, law.com, N.Y. Attorney General Probes Placement of Investments With Madoff
AP, National Law Journal (law.com), Supreme Court to review power to probe national banks
(esp)
MattBray.net 