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Arms Export Control Act Conviction
The U.S. Attorney’s Office for the Southern District of California issued a press release here regarding an individual who was convicted of "four counts of Exporting Defense Articles Without a License and one count of Conspiracy to Commit Offenses Against the United States." Unlike many white collar offenders, and certainly those involved in corporate fraud,…
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Perp Walk
Check out a wonderful article in the National Law Journal here by William R. Mitchelson Jr., a former Assistant U.S. Attorney for the Middle District of Florida and Mark T. Calloway, a former U.S. Attorney for the Western District of North Carolina, who both now work at the law firm of Alston & Bird. This…
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15 Plus Years for Former Mayor
The former mayor of Lynwood, California received a sentence in excess of 15 years. (see LATimes here) Paul H. Richards II, who also was an attorney, was convicted of 35 charges including fraud, false statements and money laundering. (See also Newsday (AP) here) Richards was said to have awarded no-bid contracts that benefited him and…
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Commentary on the Quattrone Decision
Some more comments on the Quattrone decision: Did Quattrone win? In a sense he clearly did as he was not convicted of a crime and does not have to serve time, at least now. But in a sense he also loses. In September 2004, he was sentenced to 18 months. This decision coming down 18…
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Quattrone Convictions Overturned by Second Circuit
The obstruction of justice and witness tampering convictions of former Credit Suisse First Boston tech investment banker Frank Quattrone were overturned by the Second Circuit in an extensive opinion (link below). The prosecution of Quattrone revolved around his forwarding an e-mail urging colleagues in his department to "catch up on file cleanup" when he knew…
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Katrina Frauds
One has to give credit to the DOJ- Criminal Division for its pursuit and prosecution of Katrina Frauds. A February Report here details the many accomplishments of the office. I actually had only one problem with the report. On page four it is signed by the "Chairman" Alice Fisher. I just wondered if they could…
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Enron
The prosecution case in the trial of Ken Lay and Jeff Skilling continues today after a long weekend. The Houston Chronicle here has a story on the cross-examinations by defense counsel and how they are bringing in portions of their case through the cross-examination. Typically, defense counsel has a theme throughout a trial and inserts…
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Libby’s “I Was Too Busy Blaming Others” Defense
I. Lewis Libby’s defense team filed yet another discovery motion under Rule 16 seeking additional classified documents to bolster his "honest-but-overworked-public-servant" defense, with a slightly new twist on why he might not have remembered everything about his contacts with the press regarding the status of Valerie Plame as a CIA operative. According to the defense…
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GM’s Growing Accounting Problems
General Motors filed a notice with the SEC that it would not be able to make a timely filing of its annual 10-K financial report because of accounting problems at its mortgage subsidiary, ResCap. This comes on top of previously-disclosed SEC investigations of the company’s pension accounting and treatment of supplier rebates, the latter investigation…
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Internal Investigation of Possible Financial Fraud at the Orthodox Church
One becomes inured to reading about corporations hiring law firms and forensic accountants to help determine the scope of a potential fraud, with senior executives being relieved of their duties pending the outcome of the internal investigation. It is quite disheartening when the press release is issued by a church, however, because the harm from…
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