-
Pulling the Plug on Honest Services Fraud for the NatWest Three
Federal prosecutors filed a motion to strike language alleging honest services fraud from the indictment of three former British investment bankers, known as the NatWest Three, who were involved in a transaction with Enron back in 2000. The indictment contains seven wire fraud count, and each alleges both a money/property fraud and a violation of…
-
The Pequot Tempest on Capitol Hill
The continuing Congressional interest in the SEC’s insider trading investigation of money management firm Pequot Capital came up in yet another hearing before the Senate Judiciary Committee. The actual investigation has been closed by the Commission without any securities fraud charges being filed, but the conduct of the investigation and treatment of a former SEC…
-
Evolution of Crime in the 21st Century
The Institute of Continuing Legal Education in Georgia is holding a conference today in Atlanta called the Evolution of Crime in the 21st Century. The conference, to be held at the State Bar of Georgia, is being co-chaired by Richard W. Hendrix and Paul S. Kish, two prominent Atlanta attorneys. The topics include: Sex, Laws…
-
Just Another Fraud?
Fraud Update alerts us to a press release of the Middle District of Tennessee that reports that: ". . . a resident of Atlanta, Georgia and Orlando, Florida, was convicted by a federal jury yesterday of attempting to bilk hundreds of businesses out of millions of dollars. Jordan was convicted of mail fraud and aggravated…
-
Be Careful on Holiday Gifts
Jefferies & Company, Inc. reached a settlement with the SEC and NASD "relating to the activities of a former employee who was dismissed by Jefferies & Company in 2004." The company’s SEC EDGAR filing states that "[t]he Company has previously reserved 100% of the approximately $10.3 million in aggregate of disgorgement, pre-judgment interest and penalty…
-
Procurement Fraud
A couple of months ago, procurement fraud was announced as a new DOJ priority, and the fruits of targeting this area are starting to roll in. According to a DOJ press release from the Central District of Illinois, "The former Director of Operations in Kuwait and Iraq for Tamimi Global Company, a Saudi Arabian company,…
-
Protecting the Record
According to an article in the National Examiner a judge in Wise County, Virginia had a defendant who was pleading guilty to 243 felonies, enter a plea individually to each one. The case involved the former mayor of Appalachia, Mayor Ben Cooper, who plead guilty to an array of charges including "stealing election records, forging…
-
WhosaRat.com
According to an article in the Tampa Tribune (AP), the website WhosaRat.com is not limited to street crime cases. Witnesses who testify as part of their cooperation, are being exposed on this website. And one person included is former Govenor John G. Rowland who served time and also testified in a corruption case. Although this…
-
Enron: The Musical
Books and movies were expected with the Enron happenings, but a musical? Andrew Clark of the Guardian Unlimited provides an interesting review of a new musical in Houston that includes an array of songs such as "There’s No Business Like Barge Business." (esp) (w/ a hat tip to Jennifer Simpson-Oliver)
-
Alleged Conflicts in Mail Fraud Case
The government appears to now be taking on the judge following a reversal by the Third Circuit Court of Appeals in a non-precedential decision of a dismissal of a mail fraud case premised on honest services. The decision discussed in this entry notes that the failure to disclose a conflict of interest can be the…
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
MattBray.net 