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In the News & Around the Blogosphere – Including Update on Ben Kuehne Case
David Markus, Southern District of Florida Blog, Judge Cooke grants Ben Kuehne’s motion to dismiss Count 1; Dan Slater, WSJ Blog, Judge Dismisses Count I of Ben Kuehne’s Money Laundering Indictment DOJ Press Release, Fiat Agrees to $7 Million Fine in Connection with Payment of $4.4 Million in Kickbacks by Three Subsidiaries Under the U.N.…
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In the News and Around the Blogosphere
DOJ Press Release, Former State Department Employee Sentenced for Illegally Accessing Confidential Passport Files Matthew Goldstein, Business Week, Madoff Losses Will Change Hedge Funds Jenn Abelson (w/ Beth Healy & Casey Ross), Boston Globe, Bernie Madoff’s man to see -Debonair middleman Robert M. Jaffe finds himself in a most uncomfortable place Patricia Hurtado, Bloomberg.com, FBI…
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In the News and Around the Blogosphere
Pete Yost & Marcy Gordon, TBO (AP), Attorney General Leaves Madoff Case Lynne Marek, NYLaw Jrl, Citing conflict of interest, Blagojevich asks Ill. AG to appoint special attorney DOJ Press Release, Miami Physician Sentenced to 30 Years in Prison for $11 Million Medicare Fraud Scheme -Prison Sentence One of the Longest Ever Received by a…
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Safavian Convicted
The Abramoff aftermath never seems to end. In the latest happenings, one sees that David Safavian, former chief of staff at the General Services Administration, is convicted in a retrial. See Derek Kravitz, Washington Post, Ex-White House Official Convicted Again. He was initially convicted after a trial by jury and given a sentence of eighteen…
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Mary Schapiro Named to Lead the SEC
Will investors now feel more comfortable and will there be increased oversight and regulation over at the SEC? That, of course, remains to be seen. But the person at the top with the power to influence this happening will be Mary Schapiro. For background on her see: Caren Bohan, Reuters, Obama picks new head of…
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Verdicts in KPMG Related Case
The KPMG related case has had a history like none other (for background see here). Although nineteen individuals were initially accused, Hon. Lewis Kaplan issued an opinion that dismissed many because of government conduct that placed pressure on the company to withhold payment of attorney fees for employees charged with criminal conduct, when the company’s…
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In the News & Around the Blogosphere
BLT Blog, Mike Scarcella, Prosecutor Disputes Claim of Coached Testimony at Stevens Trial DOJ Press Release, Chief Executive Officers of Two Los Angeles-area Medical Companies Indicted for Medicare Fraud DOJ Press Release, Ex-Houston Auto Executive and Former Skydiving Company Owner Sentenced to Prison for Tax Fraud ChicagoBreakingNews, Michael Madigan launches impeachment inquiry Bebra Cassens Weiss, Gov…
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Others on Madoff
Lauren Cox, ABC News, What Was Madoff Thinking? Former Con Artist, Psychologists Explain What Drives People to High-Stakes Fraud John Pacenti and Bud Newman, Daily Business Review, law.com, Lawyers Summoned to Salvage Fortunes for Madoff’s Investors Beth Healy, Boston Globe, Group’s clients lose $3b in fraud -Now-confessed swindler got MassMutual funds; Investors told ‘we were all…
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Sentencing – General Re Exec
The Hartford Courant reports on the sentence of a former General Re executive. See Convicted Gen Re Executive Gets 2 Years In Prison. See also Colleen McCarthy, Business Insurance, Ferguson gets two-year sentence for finite fraud. For background see here and here. Doug Berman over at Sentencing Law & Policy here also presents thoughtful comments…
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More on Siemens
Initially discussed here, the Siemens plea is an interesting one. The go-to place for information on this case is the FCPA Blog here. Some observations – Unlike many cases involving a company, this does not appear to be a deferred prosecution agreement – but rather is a plea agreement with specified terms. The fine is…
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