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Mortgage Fraud in Georgia
There is no doubt that mortgage fraud is a hot topic across the United States. In Georgia, Chalana McFarland received a 30 year sentence on a mortgage fraud conviction (see here). But there are other cases pending in Georgia, and law.com (Fulton County Daily Reporter) looks at a recent case involving an attorney who is…
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One Million Viewers
Today the White Collar Crime Prof Blog recognizes that there have been one million viewers to the blog since it started in November of 2004. We’d like to take a moment from our white collar crime entries to say thank you to all our viewers. We appreciate all the material you send our way, all…
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Two Louisiana Judges Charged With RICO
Undercover investigations of courts, judges, bailiffs, and attorneys are not new. There was Operation Corkscrew, Operation Greylord, Operation Bartab and many others. Now there is Operation Broken Gavel. And coming from this investigation is the indictment of two sitting state court judges in Louisiana. The ABA Reports here and the Shreveport Times here, pertaining to…
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Prosecutors File the Opening Brief Challenging Dismissal of 13 KPMG Defendants
The U.S. Attorney’s Office for the Southern District of New York filed its brief (available below) with the Second Circuit in United States v. Stein seeking to overturn U.S. District Judge Lewis Kaplan’s order dismissing the tax fraud charges against thirteen former KPMG partners and employees related to sales of allegedly abusive tax shelters. Judge…
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Lawyers Don’t Come Cheap These Days
All the recent investigations and subsequent prosecutions of senior executives, especially CEOs, is creating a boomlet for white collar criminal defense lawyers and some significant costs for companies on the hook for the attorney’s fees. A Bloomberg article (here) notes that Brocade Communications Systems Inc. has paid over $38 million in legal fees related the…
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Beazer Homes Reveals the Damage
Residential home builder Beazer Homes USA Inc. issued an 8-K (here) disclosing the results of its internal investigation of accounting irregularities and problems in its mortgage unit. On the accounting side, the investigation coordinated by Alston & Bird found problems with its reserves and accruals for certain land development costs, i.e. cookie jar reserves, and…
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A Nasty Turn in the Wesley Snipes Tax Prosecution
LawProf Blog emperor Paul Caron on the TaxProf Blog reports (here) on actor Wesley Snipes changing counsel for his upcoming tax fraud trial in Florida. The judge initially denied the request for a continuance because of the change of counsel, finding that Snipes was improperly trying to delay the trial. The judge has now ordered…
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DoJ Sets National Counter-Proliferation Initiative
The Department of Justice is using the task force approach targeting illegal exports of restricted U.S. military and dual-use technology to foreign nations and terrorist organizations. According to a press release (here) states that the National Counter-Proliferation Initiative will address a growing problem, and that "China and Iran pose particular U.S. export control concerns. The…
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Stockman Prosecution Will Be Covered by the Race to the Bottom Blog
The Race to the Bottom Blog, which provides excellent coverage of the prosecution of former Qwest CEO Joseph Nacchio, will take the same approach to the upcoming trial of former Congressman and OMB Director David Stockman on securities fraud charges. According to Professor J. Robert Brown from the University of Denver Sturm College of Law,…
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Gonzales Is Lawyering Up
Former Attorney General Alberto Gonzales has made the standard move of any person subject to a governmental inquiry involving a white collar crime — he hired his own defense counsel. Gonzales retained George Terwilliger, a former Deputy Attorney General during the administration of the first President Bush. The Department of Justice’s Inspector General informed the…
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