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Bonds’ Former Trainer Jailed for Contempt
Greg Anderson, the former personal trainer for San Francisco Giants slugger Barry Bonds, will be spending at least a few weeks in jail for refusing to testify before a federal grand jury in San Francisco investigating whether Bonds committed perjury in the Balco (Bay Area Laboratory Cooperative) steroids investigation. Anderson first refused to testify a…
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Three Arrested in Atlanta For Trying to Sell Coke Trade Secrets to Pepsi for $1.5 Million
The FBI arrested three people in Atlanta for trying to sell Coca-Cola Co. trade secrets to its chief rival, PepsiCo, for $1.5 million. The trade secrets did not include the secret formula for Coke, which is perhaps the company’s most closely-guarded information. Coke once even defied an order by a U.S. District Court judge that…
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Four Former ABB Ltd. Employees Settle FCPA Civil Charges
Four former employees of a subsidiary of ABB Ltd., the international power equipment and automation company, settled an SEC civil action alleging that they violated the Foreign Corrupt Practices Act. The defendants — John Samson, former regional sales manager for West Africa, John Munro, former senior vice president of operations, Ian Campbell, former vice president…
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Ken Lay Dies of a Heart Attack
Reuters reports (here) that former Enron CEO Ken Lay died at his vacation home in Colorado. Under the Fifth Circuit’s law of abatement of a criminal conviction when a defendant dies before appellate review of the conviction, "It is well established in this circuit that the death of a criminal defendant pending an appeal of…
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Embezzlement Swag For Sale
Former Patterson-UTI Energy, Inc. CFO Jody Nelson pled guilty in April 2006 to embezzling over $77 million from the company over a number of years (see earlier post here), and now the effort to recover at least some of the losses will involve an auction of virtually everything he owned. According to KCBD-TV report (here),…
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A Corporate Compliance Program At Work
According to the St Pete Times here, a former controller at Jabil Circuit Inc. plead guilty to six counts of wire fraud. What is particularly interesting is that the newspaper says the alleged fraud was detected through an "internal fraud hotline" in the company. More and more companies are instituting internal compliance programs to protect…
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Two More Grand Jury Subpoenas for Silicon Valley Companies in Options-Timing investigation
For those of you keeping score over the long holiday weekend, add two more Silicon Valley companies to the list of those who have received grand jury subpoenas from the Northern District of California in the ever-widening stock options-timing probe. Maxim Integrated Products, Inc. — not to be confused with the magazine — and Zoran…
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No Rest for Patrick Fitzgerald’s Office
According to a press release here of the U.S. Attorney’s Office in the Northern District of Illinois (USA Patrick Fitzgerald), an indictment was issued against a physician medical director for "allegedly defrauding Medicare of more than $875,000 by falsely claiming to have provided services that he never performed and billing for more complex services than…
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Does Yale University Need a Compliance Program?
According to the Washington Post (AP) here, Yale University has received federal agency subpoenas for documents. It is not surprising to see Yale "urging" employees to cooperate. If in fact there were accounting irregularities, cooperation could prove crucial to Yale and the federal government reaching an agreement. A resolution could be very important to a…
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The Prosecution of Environmental Crimes
After seeing the movie "An Inconvenient Truth," a good question to ask is to what extent does the Department of Justice prosecute those who fail to abide by environmental laws in the United States. To start, one might glance at the EPA’s webpage titled summary of criminal prosecutions (here). But one finds an immediate problem…
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