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Jamie Olis Finally Moved
Jamie Olis, who will be in prison for 1000 days this coming Valentine’s Day, has finally been moved to the FCI at Bastrop. He sat in the Houston Dentention Center for some of this time waiting to be reassigned following the reversal and remand of his sentence. (see here). Tom Kirkendall at Houston ClearThinkers discusses…
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Antitrust Division Secures Conviction
DOJ’s Antitrust Division issued a press release reporting on a a jury conviction in Texas of "the former president and owner of ATE Tel Solutions Inc., which does business as ATE Telecom Solutions Inc. (ATE Tel), on seven of nine counts of wire fraud in a scheme to defraud the federal E-Rate program." The press…
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Upcoming Conference
CORPORATE CRIMINALITY: LEGAL, ETHICAL, AND MANAGERIAL IMPLICATIONS Hosted by the Georgetown Business Ethics Institute, in partnership with the National Association of Criminal Defense Lawyers, the Heritage Foundation, the US Chamber of Commerce’s Institute for Legal Reform, and the American Criminal Law Review Georgetown University Law Center March 15, 2007 Washington, DC For details – Download…
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Could the Jury Find Libby Not Guilty?
The government rested its case against I. Lewis Libby, winding up the testimony with Meet the Press host Tim Russert, who Libby identified in the grand jury as the source of his knowledge about Valerie Plame’s status as a CIA operative — or at least the second source after Vice-President Cheney. Russert flatly contradicted Libby’s…
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DC Circuit Reverses Illegal Gratuities Conviction of Police Detective
The D.C. Court of Appeals en banc (7-5) reversed the conviction of a veteran D.C. police detective who had been convicted of three counts of accepting an illegal gratuity under section 201(c)(1)(B) of title 18. In Valdes v. U.S., the D.C. Circuit found that the acts did not meet the statute and that the jury…
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Challenging the Brocade Fraud Charges
The defendants in the first options backdating prosecution, former Brocade CEO Gregory Reyes and HR manager Stephanie Jensen, are seeking dismissal of seven of the twelve counts of the indictment because the charges are tainted by a questionable theory of honest services fraud. The defendants rely on the Fifth Circuit’s decision in United States v.…
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The Family That Trades on Inside Information Together Goes to Jail Together
Federal prosecutors and the SEC filed criminal and civil insider trading charges against a father, two of his sons, and a family friend for transactions in the securities of the company where the father was an executive and later in companies retaining the accounting firms of one son and the friend. The defendants in the…
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A War of Words in Philly
The federal indictment of powerful Pennsylvania state Senator Vincent Fumo on corruption, tax evasion, and obstruction of justice charges has sparked a vigorous response from his lawyer, Richard Sprague. The government unveiled a 139-count, 267-page indictment against Fumo and three aides alleging a range of fraudulent schemes involving alleged abuse of his office and diversion…
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Five More Indicted for Fraud in Iraq Rebuilding
The Department of Justice announced the indictment of five more defendants for fraud involving the Coalition Provisional Authority-Southern Command in Iraq. Three were senior Army officers, Colonel Curtis G. Whiteford and Lt. Colonels Debra M. Harrison and Michael B. Wheeler, and two are civilians, Michael Morris and William Driver; Harrison and Driver are married. A…
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Audit Committee Chairman Accused of Insider Trading by SEC
The SEC filed a civil insider trading case against Donald A. Erickson alleging that he bought call options in Magnum Hunter Resources, Inc. (MHR) while the company was negotiating a possible merger. At the time of the trading in January 2005, Erickson was a director and chairman of the company’s audit committee. In that role,…
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