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Ebbers Set to Start His 25-Year Prison Term
In what will likely be the final chapter in the prosecution of former WorldCom CEO Bernie Ebbers, assuming the Supreme Court does not grant certiorari to review the conviction, U.S. District Judge Barbara Jones ordered him to report to the Bureau of Prisons on September 26 to begin serving his 25-year prison term. The Second…
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KPMG Loses Another Round in the Attorney’s Fees Fight
U.S. District Judge Lewis Kaplan rejected KPMG’s argument that its sixteen former partners, who have been indicted for their roles in the firm’s peddling of questionable tax shelters, should be required to arbitrate their claims to have the firm pay their attorney’s fees. The judge’s opinion (available below) is, as usual, lengthy — 68 pages…
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Another Shot at the Thompson Memo
A group of former senior Department of Justice officials, including former Attorney Generals Griffin Bell and Dick Thornburgh, and former Solicitor Generals Ted Olson, Ken Starr, and Seth Waxman, sent another letter (available below) to Attorney General Alberto Gonzales asking that the Department revise the Thompson Memo "to state affirmatively that waiver of attorney-client privilege…
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Former Pollster Pleads Guilty to Fabricating Results
Tracy Costin, the former owner of polling company DataUSA Inc., entered a guilty plea to conspiracy to commit mail fraud for fabricating the results of polls the company conduct on behalf of, among others, President Bush in 2004. Costin was indicted along with a DataUSA manager in March 2005 on fraud and conspiracy charges, and…
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DOJ Seeks to Avoid the Abatement Doctrine for Lay by Changing the Law
If the case is not going your way, wouldn’t it be great if you could just change the law in your favor? A pipe-dream in most cases, at least outside of the corporate context ,where sometimes companies can change the rules in the middle of the takeover fight, and tax, where everything can be made…
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Government Recommends 12 1/2 Years for Olis
The snail-like pace of the resentencing of former Dynegy financial executive Jamie Olis may be getting closer to resolution as the government has recommended that the district court find the loss from Olis’ fraud was approximately $79 million. Prosecutors continue to make the perfunctory argument that the diminution in the value of Dynegy’s stock —…
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FCPA Complaint Filed Against Former Executives
The SEC filed a civil complaint alleging that two former executives of ITXC Corp. arranged for the payment of bribes to officials of African state-owned telephone companies to secure business. The defendants are Steven Ott, the former vice president of global sales, and Roger Young, a former managing director for the Middle East and Africa. …
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Former Illinois Governor Ryan Receives 66-Month Sentence
Former Illinois Governor George Ryan was sentenced to serve 6 and one-half years in federal prison for his convictions on corruption and RICO charges following a seven-month trial. The charges related to conduct when Ryan was the Illinois Secretary of State and involved gifts related to the issuance of drivers licenses and other government contracts. …
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Former NBA Star to Plead Guilty to Perjury
Former NBA all-star Ralph Sampson has tentatively agreed to plead guilty to a perjury charge and will serve two months in jail. Sampson tussled with federal prosecutors in Northern Virginia in 2005 when he was charged with failing to pay over $250,000 in child support for two of his children. After entering a guilty plea…
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Reporters in Bonds Leak Investigation Avoid Jail for Now
San Francisco Chronicle reporters Lance Williams and Mark Fainaru-Wada have avoided being sent to jail for civil contempt, at least for a little while. The two reporters were subpoenaed to testify before a grand jury investigating the leak of the testimony of major league baseball players, most prominently San Francisco Giants slugger Barry Bonds, who…
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