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Another Guilty Plea in Corruption Investigation of Louisiana Congressman
Kentucky businessman Vernon Jackson admitted in federal court that he paid over $400,000 to Louisiana Representative William Jefferson to secure his assistance in obtaining government contracts and participating in deals in Africa. A press release issued by the U.S. Attorney’s Office for the Eastern District of Virginia (here) only identifies the official as "Representative A,"…
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Concrete Fraud
The "Big Dig" in Boston made the city’s already hellish traffic even worse, and the size of the project made it a target for a variety of different fraudulent schemes. An indictment of six defendants announced today in the District of Massachusetts presents a bit scarier scenario because the alleged fraud involved the quality of…
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More From the NACDL White Collar Crime Conference
Leon Rodriguez, of Ober Kaler in Washington, D.C., spoke about health care fraud. He noted that there are a growing number of cases in the kickback and Starke area because of the commercial nature of the medical world. Attorney Rodriguez stated that the big issue in health care is the false claims act cases. Most…
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Blogging at the NACDL White Collar Crime Program in Philadelphia
Blogging in Philadelphia at the National Association of Criminal Defense Lawyers (NACDL) is guest blogger Stephanie Martz who serves as the director of NACDL’s white collar crime project. The morning began with Audrey Strauss from Fried Frank in New York talking about recent developments in the field of criminal securities enforcement. Of course, one of…
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Yet Another Federal Crime
We elect Congress to pass laws, so it is a bit disingenuous to criticize our Senators and Representatives for enacting legislation. Yet, when it comes to federal criminal laws, will there ever come a time when we say "enough already"? The House passed H.R. 5253, the Federal Energy Price Protection Act of 2006, on a…
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Fallout From the Ryan Corruption Trial
Although former Illinois Governor George Ryan and a codefendant were convicted on corruption and RICO charges a couple weeks ago, collateral proceedings from the case remain in the news. One defense witness was Edward McNally, who represented Ryan in 2001 during the investigation before serving as the former United States Attorney for the Southern District…
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Former Qwest CEO Once Again Seeks Dismissal of Insider Trading Charges
Former Qwest CEO Joseph Nacchio’s attorney have sought dismissal of the 42 insider trading charges on the ground that venue is not proper in Colorado and prosecutorial misconduct. An earlier motion to dismiss because the indictment failed to charge a criminal offense failed, and these motions do not deal with the substance of the charges…
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If You Can’t Trust the Woman You’re Dating With Insider Information . . .
An earlier post (here) discussed an insider trading case in New York in which the live-in boyfriend looked at the deal documents his girlfriend brought home from her office and bought shares in the client-company involved in an extraordinary transaction. A slightly different situation arose in an SEC civil insider trading case filed in San…
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KPMG Defendants Receive Unfavorable Ruling
The NYTimes reports here that KPMG defendants were unsuccessful in their bid to dismiss the charges. The defense claim made in the motion was that the tax shelters were not illegal, and therefore there was no basis of law to bring the criminal action. A refusal to dismiss this matter does not mean that the…
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Former NASA Employee Sentenced
Sometimes one may wonder what type of corporate compliance program the government has when activities such as follows can occur for several years. Fraud Update links here to a press release of the Maryland USA who reports on the sentencing of a former employee of NASA. The press release states in part that: From 1996-2005,…
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