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Could Kobi Alexander Be Depriving the US Government of a Perp Walk?
Kobi Alexander, former Comverse Technology CEO, has been missing (posts here and here). No doubt problematic as he has been charged with mail fraud, wire fraud, and securities fraud. The story of his background and rise to fame is outlined in a comprehensive story by Julie Creswell in the NY Times. (see NYTimes here). One…
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Will the Quattrone Case Be Resolved?
The Wall Street Jrl reports here that Frank Quattrone may be reaching an agreement with the government that would resolve the criminal case pending against him. Quattrone is presently facing a third trial. The first trial was a hung jury and the second was reversed by an appeals court. The case of alleged obstruction of…
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New Presidential Pardons: Few White Collar Crimes
According to the Yahoo News (AP) here, President Bush pardoned 17 people this past week. Few were for white collar related offenses. There were a good number related to: firearms("firearms to out-of-state residents and falsifying firearms records, "unlawful transfer of a firearm," "possession and transfer of an illegal weapon") alcohol ("liquor law violations and conspiracy…
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Will Armstrong Get Credit for His Time in Jail for Civil Contempt?
Martin Armstrong has spent almost the entire 21st century in jail, having been sent there in January 2000 because he was found in civil contempt for refusing to turn over assets in an SEC securities fraud action. Armstrong was a money manager who founded Princeton Economics International, and he was accused in parallel criminal and…
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Is Bristol-Myers Risking a Violation of Its Deferred Prosecution Agreement?
A Department of Justice criminal investigation into an agreement between Bristol-Myers Squibb and generic drug-maker Apotex regarding a $40 million payment to the company to keep a generic version of Plavix, one of Bristol-Myers best selling drugs, from the market has certainly caught the eye of the company’s board of directors. One would think that…
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Former Body Armor Manufacturer Execs Hit With Insider Trading Charges
Two senior executives of DHB Industries, Inc., a supplier of body armor to the U.S. military, were arrested on insider trading, securities fraud, and conspiracy charges, and the SEC filed a civil suit alleging securities fraud. The former officers are Dawn M. Schlegel, DHB’s CFO, and Sandra L. Hatfield, the chief operating officer, and the…
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Lots of Potential Contemnors in SF
The grand jury investigations involving Balco (Bay Area Laboratory Co-operative) and possible perjury by Barry Bonds may end up sending witnesses to jail for civil contempt for their refusal to testify in response to subpoenas. Bonds’ former personal trainer, Greg Anderson, went to jail in July for refusing to testify, and was released when the…
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U.S. Wins RICO Case Against Tobacco Companies — And the Opinion Will Cure Insomnia
U.S. District Judge Gladys Kessler ruled in favor of the federal government in its massive RICO case against the tobacco companies alleging that they engaged in misleading conduct for decades as part of a broad conspiracy (U.S. v. Philip Morris USA, et al. here). The opinion may be nearly as dangerous to the environment as…
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Government Obtains Convictions in South Florida Bank Fraud Case
A major bank fraud case in Florida that lasted three months followed by three weeks of jury deliberations resulted in a split verdict on some of the counts, but a guilty finding against all the defendants. (See Miami Herald here) All were taken into custody immediately (See David Marcus’ Southern District of Florida Blog here). …
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Will Prosecutors Really Oppose Lay’s Motion to Abate the Conviction and Indictment?
With the court granting the motion to permit Ken Lay’s widow, Linda, to appear on behalf of his estate, her attorneys have filed a motion to abate the conviction and indictment so that there will be no official record of him having been prosecuted for crimes related to Enron. The scope of the abatement doctrine…
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