-
Three Former Executives Plead to Insider Trading in Their Company
The U.S. Attorney’s Office for the Central District of California announced that three former vice presidents at mortgage lender Countrywide Financial agreed to plead guilty to one count of securities fraud for trading on inside information about the prospect of the company not meeting earnings projections. According to a press release (here), the defendants sold…
-
Former Adelphia Execs to Report to Prison
The long prosecution of former Adelphia Communications executives John and Timothy Rigas appears to be coming to an end as the federal judge presiding over their case has given them an August 13 reporting date to begin their prison terms. John was CEO of Adelphia, and his son Timothy was CFO. They were convicted in…
-
And Away We Go
After a week of closing arguments, U.S. District Judge Amy St. Eve will give the jury their instructions and then send them off to consider the fate of Lord Conrad Black and three other former executives of Hollinger International Inc. on a variety of charges. The instructions (available below) outline the elements of the various…
-
Sentencing Hearing Begins for Scrushy and Siegelman
The sentencing hearing for former HealthSouth CEO Richard Scrushy and former Alabama Governor Don Siegelman for their conviction on corruption charges began in U.S. District Court in Montgomery, Alabama. The government urged sentences of twenty-five years for Scrushy and thirty years for Siegelman, in both cases asking the district court to depart upward from the…
-
Former Interior Deptartment Official Sentenced to Ten Months
Former Deputy Secretary of the Interior J. Steven Griles received a ten-month prison sentence after pleading guilty to obstructing a Senate committee investigation of former superlobbyist Jack Abramoff’s activities. Griles had requested a sentence of house arrest and community service, while the government recommended a double-nickel sentence: a ten-month term, divided into five months in…
-
Corporate Criminality — Beyond the United States
The International Society for the Reform of Criminal Law had a Plenary Session at its annual conference titled – The Corporation and the Criminal Law. Speakers included: Victoria O’Keefe, Assistant Director & Head of Policy – Serious Fraud Office in London, who spoke about Charging Decisions & the Company – The UK Serious Fraud Office…
-
Corporate Executive Faces FCPA Charges
A press release of the U.S. Attorney’s Office of the Central District of California tells of "a former executive of Santa Ana, California – based Pacific Consolidated Industries" being "arrested for allegedly violating the Foreign Corrupt Practices Act (FCPA) as part of a conspiracy to bribe a United Kingdom Ministry of Defence official in order…
-
Is DOJ Dropping the Ball on Corruption Prosecutions?
DOJ has clearly been a place making the news with individuals in top positions leaving office. (see here) But normally a change of personnel would not affect the level or quality of prosecutions, as so many in the office are career individuals. One has to wonder if this is the case this time, as new…
-
The Problem of Remedy in the KPMG Tax Shelter Prosecution
The government’s brief (available below) in opposition to the motion to dismiss filed by the former KPMG partners and employees in the large tax shelter prosecution is not so much an opposition as it is an acknowledgment of the reality of crafting a remedy for the constitutional violations found by U.S. District Court Judge Lewis…
-
Libby Bail Hearing Gets “Conservative” Judges
According to a post on the Libby Legal Defense Trust website (referencing an AP story on Boston.com), the issue of an appellate bond for convicted I. "Scooter" Libby will be decided by appellate "Judges David B. Sentelle, Karen Lecraft Henderson and David Tatel." Two were appointed by Republican Presidents and one by Clinton. Hon. David…
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
MattBray.net 