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Former President of Monster Indicted
A DOJ Press Release of the U.S. Attorneys Office of the Southern District of New York announces that the former chief operating officer and president of Monster Worldwide, Inc. was charged with securities fraud and conspiracy in connection with backdating of stock options. The press release states as the alleged criminal activity that: "TREACY conspired
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Wecht & Jurors Talk – Commentary
KDKA.com has an incredible tape from jurors and also with Wecht himself talking. He hits it on the money when he notes how powerful prosecutors can be. The very fact that citizens who served as jurors and heard the evidence in this case are speaking out, that Wecht is telling how he has been destroyed
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The Latest in the Wecht Case
This case is beginning to sound like a movie. As I previously noted here: First there were questions about whether this case warranted a federal prosecution, and more importantly one with this many charges. Then there was a seven week trial with a long deliberation, but that ended with a hung jury. (see here) The
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In the News
Forbes.com – Wachovia says has never discussed deferred-prosecution deal with DOJ Wall Street Journal – Gabelli Funds to Pay $16 Million To Settle SEC Market-Timing Case DOJ (Press Release) – Owner of Kansas City Computer Service Companies and Family Member Indicted in Scheme to Defraud Federal E-Rate Program ABA Law Jrl News – E-Mails Show
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New Pardon Attorney Appointed
A press release of the DOJ states that Ronald L. Rodgers has appointed to serve as the U.S. Pardon Attorney. The release states: "Rodgers has served with the Department of Justice since March 1999 in the Drug Intelligence Unit of the Criminal Division’s Narcotic and Dangerous Drug Section, where he has been Director of the
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What’s Happening at Wachovia?
WSJ- Marketwatch – Wachovia Faces Money-Laundering Probe: Report Washington Post (Reuters) – Wachovia Part of Probe into Latin Drug Money: Report NYTimes – AP – Wachovia Pays $144 Million to Settle Marketing Claims (esp) Addendum – See Wall St. Jrl Correction here.
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Former AOL Exec Cleared in Civil Case
The government first proceeded with a criminal action against a former AOL executive. (see here and here). After a "not guilty," was returned by the jury, the government tried the civil route. Because the government has the ability to use parallel civil proceedings, they can proceed twice with basically the same evidence and not be
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Wesley Snipes Gets 36 Months
The government asked for 3 years (see here) in a memo that focused on the criminal activity that formed the basis of the convictions against Snipes. It’s a memo filled with numbers. In contrast, the defense asked for probation in memo that very much focused on the individual (see here-Download snipes20sentencing20memorandum.pdf) The defense memo was
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After Corporate Deferred Prosecution Agreements Come Individual Indictments
Corporations reaching deferred or non-prosecution agreements with the government, often find themselves paying money and offering cooperation in return for an agreement that will allow the company to continue its existence. From this cooperation, which in some cases includes a waiver of attorney-client privilege, comes the indictment of individuals within the company. From the government,
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The Latest Jack Abramoff Effect
It has been several years since the investigation of Jack Abramoff and over two years since he plead guilty and received a seventy month sentence (see here). But the dominoes continue to fall. (see here). This time it is someone who was with the DOJ. The LA Times in an article titled, "Ex-Justice official is
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