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SEC Settlement in Dynegy Related Matter
Jess Westbrook, Bloomberg News has an article in the Houston Chronicle titled, "Former Dynegy Figure Settles With SEC." According to this article it would appear that Chief Financial Officer Robert Doty agreed to pay $376,650 to settle SEC allegations related to Project Alpha at Dynegy. Jamie Olis initially received over 24 years in prison, a…
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Is the White House Cutting Back on Funds for White Collar Investigations?
Check out this article by Paul Shukovsky and Daniel Lathrop at Seattlepi.com entitled, "FBI Faces Deep Cuts in Programs to Fight Crimes." The article notes that the Bush Administration 2008 budget will seriously affect the FBI’s "ability to tackle white-collar fraud." (esp)
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Oscar Wyatt Pleads
Oscar Wyatt and the Oil for Food Program have certainly been a topic in the news (see here). But Wyatt wants to move on and has agreed to a plea that will allow him to do so. According to the media he is agreeing to a guilty plea to one count – conspiracy to commit…
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White Collar Crime Conference Remarks
The WSJ via an article by Even Perez comments on remarks made by Judge Kaplan at the recent National Association of Criminal Defense Lawyers (NACDL) & Georgetown University’s White Collar Crime conference. It is not surprising to see his concern about the government’s power in securing agreements with companies. The KPMG related case stands as…
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The New Bristol Myers Squibb Agreement
The United State Attorney for Massachusetts reports in a press release that "Bristol-Myers Squibb Company (BMS) and its wholly owned subsidiary, Apothecon, Inc., have agreed to pay in excess of $515 million to resolve a broad array of federal and state civil allegations involving their drug marketing and pricing practices." Within the press release one…
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Destroying Computer – Misprison of a Felony
Destroying a computer with evidence of pornography can land you a conviction. A press release of the U.S. Attorney for Connecticut reports of a plea "to one count of misprision of a felony" by an attorney who "admitted that he was aware that an individual had committed a child pornography crime, yet he failed to…
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Prosecutors Subpoena California Congressman and Five Aides in Abramoff-Related Investigation
A federal grand jury investigating Capitol Hill corruption subpoenaed California Representative John Doolittle and five of his aides for a number of documents created over the past eleven years. The Congressman has been under investigation for over a year, including a search of his Virginia home, related to dealings with former superlobbyist Jack Abramoff, who…
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Five Medical Companies Settle Criminal Kickback Investigation
Five companies that are the dominant suppliers of surgical knee and hip implants agreed to settle a criminal investigation that they paid kickbacks to doctors in the form of consulting fees and lavish travel and entertainment to get them to use their products. The companies are Zimmer, Inc., Depuy Orthopaedics, Inc., Biomet Inc., Smith &…
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House Moves to Quash Subpoenas to Twelve Representatives
As discussed in an earlier post (here), Brent Wilkes sent subpoenas to twelve members of the House of Representatives — one was withdrawn — for their testimony at his upcoming trial on corruption charges related to bribes paid to former Representative Randy "Duke" Cunningham. The House general counsel moved to quash the subpoenas on a…
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Siemens Bribery Probe Keeps Expanding . . . Again
The internal investigation of corrupt payments at Siemens A.G. just can’t seem to stop these days. New York law firm Debevoise & Plimpton reportedly has told the company’s managing board that the suspicious payments to obtain overseas contracts involve upwards of 1.6 billion euros, far more than the original disclosure of questionable payments of more…
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