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Former Deputy AG Comey Testifies in U.S. Attorneys Firing Investigation
Former Deputy Attorney General James Comey, who left the Department of Justice in 2005 to become general counsel at Lockheed Martin, testified before the House Judiciary Subcommittee on Commercial and Administrative Law as part of the continuing investigation of the firing of eight U.S. Attorneys. Comey stated that he spoke briefly with Kyle Sampson in…
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Credit Suisse Investment Banker Charged With Insider Trading
Federal prosecutors and the SEC filed criminal and civil insider trading charges against Hafiz Naseem, who worked in the Global Energy Group at Credit Suisse. Naseem is accused of tipping an unnamed Pakistani banker about the impending buy-out of TXU by private equity funds in early March 2007. In addition, he is accused of tipping…
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Former Serono Executives Acquitted of Kickback Charges
Four former executives of biotech pharmaceutical manufacturer Serono S.A. were acquitted on charges that they sought to bribe doctors to prescribe the company’s leading medicine, Serostim, as part of a program to pump up sales. The four defendants were charged in a federal indictment in Boston in April 2005 with violating the anti-kickback statute for…
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Senate Judiciary Committee Subpoenas Rove E-Mails
Although the controversy over the firing of eight U.S. Attorneys has largely receded from the media’s view, the Senate Judiciary Committee is pressing forward by issuing a subpoena to Attorney General Alberto Gonzales requiring the production of e-mails to or from senior Presidential adviser Karl Rove. The subpoena marks a turn in the investigation for…
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Options Explosion in Dow Jones
The surprise $5 billion bid by Rupert Murdoch’s News Corp. for Dow Jones & Co. may not have been quite as surprising to some who bought call options on the publisher of the Wall Street Journal before the announcement. In a continuing refrain when large offers are made for companies, trading in the options spiked…
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Congress Considers a New Public Corruption Statute
HR 1872, "Effective Corruption Prosecutions Act of 2007" is the house bill that mirrors Senate Bill S. 118. It provides that 18 U.S.C. s 666 would be allowed as a RICO predicate. It allows for an 8-year statute of limitations for a host of statutes that are routinely used in corruption cases, as well as…
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Mail Fraud Reversal
Co-blogger Peter Henning noted here the acquittal during oral argument of an individual prosecuted under the mail fraud statute. The accused was convicted for a deprivation of honest services despite a fact scenario that had this individual selecting the low bidder for a state contract. The problem here is not the jury, as they appropriately…
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Will Lord Browne Be Prosecuted For Perjury?
The resignation of BP p.l.c. CEO Lord John Browne included his admission that he made a false statement to a British court in order to obtain an injunction preventing the publication of an embarrassing story about a personal relationship. In a statement (here) acknowledging the relationship, Lord Browne stated, "My initial witness statements, however, contained…
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NACDL White Collar Conference – Part IV
Stephanie Martz, White Collar Crime Project Director at the National Association of Criminal Defense Lawyers (NACDL), guest blogs a six part series on the recent White Collar Crime Track at the NACDL Cincinnati Conference: Session 4: Attorneys’ Fees and Asset Forfeiture The panelists, Steve Weisbrod of Gilbert, Heintz & Randolph in Washington, DC and David…
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White Collar Educators
The Chronicle of Higher Education News Blog reports of a plea to one count of mail fraud by the "former chief of SUNY’s (State University of New York’s) Entrepreneurship Institute." (esp) (w/ a hat tip to Dean Darby Dickerson)
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