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Gonzales Moves to Page 3
The controversy regarding the "firing" of the U.S. Attorneys, and the role played by Attorney General Alberto Gonzales remains in the news. The Washington Post, for example, reports that President Bush continues to support the Attorney General. This same article, however, spends time discussing comments by Senate members on the benefits of replacing Gonzales. …
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Scrushy Settles SEC Matter for 81M
The Securities Exchange Commission issued a release today stating that an order had been entered that "permanently bars Scrushy from serving as an officer or director of a public company, permanently enjoins Scrushy from committing future violations of the antifraud and other provisions of the federal securities laws, and requires Scrushy to pay $81 million…
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Gonzales Still a Top News Story
With more pressing news, and with his testimony over, one would expect that Gonzales would no longer be a press item. But that is hardly the case – although he does appear to have moved from page one to page two of the Washington Post. The Wash Post reports here that Senator Arlen Specter thinks…
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Nelnet Pays and Plays
Nelnet, a student loan provider, issued a press release stating that "[t]hrough a voluntary letter of agreement with Nebraska Attorney General Jon Bruning, Nelnet pledges to adopt the Nelnet Student Loan Code of Conduct, post a copy of a review of the company’s business practices on its Web site, and commit $1 million to help…
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Drexel to Fight; Other Schools Settle – Loan Cases
The student loan industry is definitely in a state of heightened alert, as the Wall St. Jrl reports here that Attorney General Cuomo takes on Drexel U. and other schools are settling. (esp)
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Emshwiller Article on “Benron”
John Emshwiller has a fascinating piece titled, "‘Benron’ Behind Bars" that looks at Ben Glisan Jr’s life of cooperation and prison. Although not the focus of this piece, it is interesting to note that the risk and cost of trial weigh heavily in the decision to plea. Glisan, like Martha Stewart realized the value of…
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Willful Blindness
Michele Berry at Crimprof – has a fascinating post on a recent en banc decision from the Ninth Circuit. The Heredia case is not a white collar case, but this decision will likely influence the white collar world. With Ken Starr as one of the authors of the National Association of Criminal Defense Lawyers (NACDL)…
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Congressman’s Wife Subject of FBI Search in Abramoff Probe
FBI agents searched the Virginia home of California Congressman John Doolittle as part of the continuing probe of the Capitol Hill connections of former superlobbyist Jack Abramoff. Representative Doolittle’s wife, Julie, runs Sierra Dominion Financial Services, which was paid over $60,000 by Abramoff’s firm from 2002 to 2004 for event planning, and other Abramoff clients…
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Investment Banker Convicted of Tax Evasion
Investment banker Richard Josephberg was convicted of 21 counts of tax evasion, conspiracy, and health care fraud for his failure to pay taxes owed since 1977. In the mid-1980s, the IRS determined that Josephberg owed over $1.5 million in taxes from the illegal tax shelter scheme his firm sold, and over the next fifteen years…
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How Much Is That Lawyer in the Window?
The prosecution of Lord Conrad Black and three other former executives of Hollinger International trudges forward into its fifth week with more testimony from the company’s lawyers explaining not only the deals at issue, but their mistakes and fees. Hollinger had leading firms in Canada (Torys) and the U.S. (Cravath) representing it in the CanWest…
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