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Lay and Skilling Convicted
The jury returned guilty verdicts on all counts against former Enron CEO Ken Lay and 19 of 28 counts for Jeffrey Skilling, with not guilty on 9 of the 10 insider trading counts. The verdict came much more quickly than most expected, and U.S. District Judge Sim Lake also announced his decision convicting Lay on…
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Witness for the Prosecution
Special Counsel Patrick Fitzgerald’s latest filing (available below) about discovery issues in the prosecution of I. Lewis Libby reveals that Vice President Cheney will likely be a witness for the government at the upcoming trial on perjury, obstruction, and false statement charges. The brief discusses the Vice President’s annotated copy of the Op-Ed published by…
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$1 Million Bond for Former Hedge Fund Manager
Kirk Wright has been accused of causing loses — or looting — of over $100 million in hedge funds he managed, and to this point the government has only been able to recover approximately $150,000, not counting the $28,000 in cash on him when he was found. Wright was arrested at the Ritz-Carlton in Miami…
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You’re a Winner!!! (Not Really)
If you have received the e-mails or telephone messages telling you that you’ve won a sweepstakes, or at least the highly valuable second prize, your heart probably jumps at least for a moment at the thought of riches. For most of us, that’s also about how long it takes to figure out that it’s a…
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Does the Speech Or Debate Clause Affect the Search of Rep. Jefferson’s Office?
The corruption investigation of Louisiana Representative William Jefferson took an extraordinary turn on May 20 when FBI agents executed a search warrant for his Congressional Office in the Rayburn Building. This was the first time in history that the office of a sitting Congressman had been searched, and the use of this means to gather…
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Attorney Indicted for Stealing $13.5 Million from Injured Clients
Clients are supposed to be able to trust their lawyers, so when an attorney is accused of stealing from the funds paid out to injured clients it is particularly troubling. Louis Robles, who at one time headed one of the largest class action and mass tort firms in the country, has been indicted in the…
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Another Amici Brief for KPMG Defendants
Another brief has been filed in support of the defendants in the KPMG case. This amici brief is filed jointly by the New York Council of Defense Lawyers and the National Association of Criminal Defense Lawyers. In the Amici’s Statement of Interest one finds the following language: "The NYCDL and NACDL are vitally interested in…
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The Latest on Jamie Olis – Stay in Jail Pending Re-sentencing
Jamie Olis will continue to wait in jail for resentencing following a Fifth Circuit remand post- Booker. Professor Doug Berman, on the Sentencing Blog here, reports on the appellate court’s denial of bail pending the sentencing rehearing. The decision can be found here. The court rejects use of subsection (a) in 18 U.S.C. § 3143,…
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Lawyer Pleads Guilty to Passing Payments to Representative Plaintiff in Milberg Weiss Prosecution
Los Angeles lawyer Richard Purtich entered into a plea bargain with federal prosecutors and will cooperate in the prosecution of Milberg Weiss and two of its name partners for allegedly making secret payments to representative plaintiffs in class action cases in which the law firm served as counsel to the class. The indictment identifies three…
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Seven Former NCFE Executives Indicted in Alleged Billion Dollar Fraud
The U.S. Attorney’s Office for the Southern District of Ohio announced the indictment of seven former senior executives at National Century Financial Enterprises (NCFE), at one time among the largest financing companies for health care providers. When NCFE fell into bankruptcy in November 2002, it had securitized approximately $3 billion in health care receivables that…
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