-
Olis Resentencing
It is likely that word will arrive this week on what sentence Jamie Olis, former employee at Dynergy who was convicted for his role with Project Alpha, will receive. Olis originally received a sentence of 24+ years, but the Fifth Circuit (Hon. Edith Jones authoring the opinion) sent it back for re-sentencing. Professor Doug Berman,…
-
Enron Cooperator Gets Four Years Probation
Yet another example of the power of the government to reduce a sentence for cooperation was seen in the recent sentencing of Timothy DeSpain, a former assistant treasurer at Enron. DeSpain plead guilty and was sentenced this past week to four years probation and a fine. (See Houston Chronicle here). Tom Kirkendall’s Houston ClearThinkers here…
-
The Abramoff Connection
With the guilty plea of Rep. Ney (see here), Jack Abramoff has again proved his value to the Government. It is not often that one has an individual of this caliber cooperating with the government. In addition to Rep. Ney, this cooperation has brought down some top individuals (see Washington Post timeline here) What is…
-
National Institute Securities Fraud
When: September 28-29th (corrected) Where: Washington, D.C. – Fairmont Hotel What:National Institute on Securities Fraud "From Enron to WorldCom to investigations of mutual fund practices and finite reinsurance transactions, securities fraud has dominated the news on the business pages for the past four years. This Securities Fraud National Institute will provide an in-depth, cutting edge…
-
Congress Starts Sniffing Around the H-P Internal Investigation
After requesting documents from Hewlett-Packard regarding the "pretexting" used to obtain private telephone records of board members and journalists, the Oversight and Investigations Subcommittee of the House Energy and Commerce Committee has jumped into the fray with both feet by asking four witnesses to testify on September 28. The Subcommittee sent letters to soon-to-be-former Chairwoman…
-
Prosecutors Seek En Banc Review of Enron Nigerian Barge Decision
The Enron Task Force has asked the Fifth Circuit to review en banc the panel decision in United States v. Brown, 2006 WL 2130525 (5th Cir. Aug. 1, 2006), overturning the convictions of three defendants for violating the mail fraud statute in connection with the Enron Nigerian Barge transaction. The government’s request centers on the…
-
Ney’s Plea Agreement
Ohio Representative Bob Ney will plead guilty to conspiracy to commit honest services mail fraud and filing false statements regarding expenses paid on his behalf. A Department of Justice press release (here) outlines the factual basis for the corruption charges: Congressman Ney admits that he corruptly solicited and accepted a stream of benefits from Jack…
-
Ohio Representative Expected to Plead Guilty in Corruption Probe
Ohio Representative Bob Ney reportedly is going to plead guilty to a federal criminal charge related to the corruption investigation spawned by the activities of former high-powered lobbyist Jack Abramoff. An AP story (here) reports that Republican party officials said that Ney will enter a guilty plea for his role in accepting benefits from Abramoff,…
-
Specter Tells of Upcoming Legislation to Stop Thompson Memo Practices
Senator Arlen Specter spoke at the NACDL-Georgetown White Collar Crime Luncheon on September 14. Blogging on that speech for the White Collar Crime Prof Blog is Jack King of the NACDL, who reports: At lunch today, Specter said that he would prepare legislation addressing the “Thompson memo.” Michael Peel of Financial Times (London) asked what…
-
Hiring a Former AUSA . . . Priceless
The Hewlett-Packard "pretexting" mess has put the company in the line of fire in state and federal investigations. When the company first disclosed the issues related to the internal investigation on September 6, it was represented by Silicon Valley’s leading firm, Wilson Sonsini. Shortly thereafter, it retained Morgan, Lewis & Bockius to represent it in…
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
MattBray.net 