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Stupid CEO Tricks
Being the CEO of a publicly-traded company carries with it significant responsibilities, including avoiding making public statements that call into question compliance with the federal securities laws and the judgment of the corporation’s leader. Unfortunately, the CEO (and co-founder) of Whole Foods may have come awfully close to violating SEC rules, and certainly called into…
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Miers in the Middle
Former Counsel to the President Harriet Miers did not appear before a House Judiciary Subcommittee to discuss her role in the firing of nine U.S. Attorneys, thereby risking a contempt of Congress as part of the confrontation with the White House over the assertion of Executive Privilege. In a letter to Committee Chairman John Conyers…
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Everybody’s Doing the Libby Motion
Like the latest dance craze, Libby motions are popping up all over the place. As nicknamed by blog co-editor Ellen Podgor, among others, the Libby motion is an argument raised by defense counsel seeking a reduced sentence for their clients based on the rationales offered by President Bush for commuting the thirty-month prison term of…
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How Much Are Those Lawyers in the Window?
The payment of legal fees is a hot issue in white collar crime cases these days because of the enormous costs of defending multiple investigations and, in some instances, indictments that could result in an effective life term of imprisonment if there’s a conviction. In the KPMG tax shelter prosecution (U.S. v. Stein), U.S. District…
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Sara Taylor Testifies . . . Kinda
Former White House political director Sara Taylor responded to a subpoena for testimony before the Senate Judiciary Committee by answering a few questions posed by the panel but refusing to answer others on the instruction of the President, who invoked Executive Privilege. The hearing is part of the continuing investigation of the firing of nine…
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The Nacchio Sentencing
The sentencing of former Qwest CEO Joseph Nacchio is currently set for July 27, and prosecutors and defense counsel filed sentencing documents with the district court on July 6 (available below). Nacchio was convicted on nineteen counts of insider trading for sales of Qwest stock in 2001 that resulted in a gain of approximately $52…
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Conrad Black Jury Having Trouble Reaching a Verdict
The Chicago Tribune reports that the jury in the Conrad Black trial appears to be deadlocked. After additional instructions, the Judge sent them back to continue deliberations. (See also Edmonton Sun) (esp)
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The Libby Hearing Today
The House Judiciary Committee discussing Libby’s sentence commutation is set for today, with Professor Doug Berman of the Sentencing Law & Policy Blog scheduled to speak. For details see his blog here. And while you are over at Doug Berman’s blog, be sure and check out Margy Love’s Commentary. One can’t change the course of…
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Former Adjunct Prof Gets Six Years
A DOJ Press Release issued by the United States Attorney of the Central District of California reports that "[a]n Orange County man who ran a real estate investment scam that lured victims with bogus claims of large returns on investments in commercial real estate developments was sentenced today to six years in federal prison." The…
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White Collar Prosecutions Up From Last Month – But Overall Still Down
The Trac Reports are out with statistics from March and David Burnham and Susan B. Long, co-directors at the Transactional Records Access Clearinghouse write that: "Federal criminal prosecutions in March of 2007 jumped to 10,286 — 22% over the level in the previous month. Fueling this monthly surge were large increases in immigration (up 17%),…
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