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An Options-Timing Internal Investigation Mulligan
The options-timing investigations have hit approximately 80 companies, with the first criminal charges filed recently and more may be coming in the next few weeks involving former senior executives at Comverse Technology, including possibly the company’s former in-house counsel (see Law.Com story here). The first response at companies targeted in the various government investigations has…
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Scrushy & Siegelman Seek to Overturn Convictions
Former Gov. Don Siegelman (Alabama) and former CEO of HealthSouth Richard Scrushy moved for the dismissal of their criminal convictions. According to the Birmingham News here and the Wall Street Jrl here, the two are arguing that campaign contributions should not be the basis for the indictment. This is not a new argument, and the…
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US Not the Only Prosecutors in the World
According to the Washington Post here a German prosecutor is investigating possible money laundering conduct related to the transfer of funds by a contractor who may owe money resulting from a civil action regarding possible defrauding of the U.S.-led Coalition Provisional Authority in Iraq. The United States has used "objective territoriality" as a basis for…
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More on KPMG – Stein et al Case
The Stein case (KPMG related) has been a subject of a good number of posts on this blog. (e.g., here and here). Here is one to add to this collection, as Joan Rogers has an extremely thorough and thoughtful article in the ABA/BNA Lawyers’ Manual on Professional Conduct. The ABA and BNA have been kind…
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Senate Ratifies Cybercrime Treaty
The United States Senate ratified the Council of Europe’s Cybercrime Treaty. In a statement issued by Attorney General Gonzalez he states: " The Cybercrime Convention – the first of its kind – will be a key tool for the United States in fighting global, information-age crime. This treaty provides important tools in the battles against…
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Former Broker to Archdiocese of New York Pleads Guilty
Fraud Update reports here that a former broker to the Archdiocese of New York pleads guilty to fraud, tax and obstruction of justice charges. The press release of the DOJ, states the Indictment charged the defendant and his co-defendants with: "using their positions as employees and consultants at Institutional Commodity Services Inc. (ICS), the purchasing…
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Former Bowne Exec Pleads
We reported on Robert Johnson, the former CEO of financial information and document management firm Bowne & Co., and also a former publisher of Newsday and member of the New York Board of Regents, here regarding charges of child pornography and obstruction of justice. Yesterday he plead guilty to these charges (see Wall St. Jrl…
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Public Humiliation A Factor in Sentencing Former Bush Advisor
Professor Doug Berman, in his wonderful sentencing blog, reports here on the minimal sentence received by a former Bush advisor. His post is truly a classic – so take the time to read this one. If in fact Claude Allen (as per AP here) "made thousands of dollars worth of fraudulent returns to Target and…
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The Split Verdict in the Trader’s Case
More can be found here and here on the jury’s decision in the Houston Trader’s Case. The former trader from Dynergy was found guilty of seven counts of wire fraud and the former El Paso trader has one wire fraud count conviction. Some of the remaining counts were not guilty findings, and some were hung.…
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Spilt Verdict for Two Former Energy Traders
Houston Chronicle reports here. Commentary to follow. (esp)
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