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Maybe This Is Why No One Pays Attention to Lectures
Former Georgetown University Medical Center employee Adriana Santamaria and her sister, Maria Cabrales, were sentenced to 20 and 15 months, respectively, for defrauding the Center and federal health programs of over $580,000. Santamaria was responsible for the financial affairs of the Department of Microbiology and Immunology, including the disbursements for research grants administered through the…
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The Katrina Frauds Keep Washing Up
The Glenn Frey song "Smugglers’ Blues" talked about "the lure of easy money," and that certainly seems to be the case with those seeking to profit from the federal outlays in the wake of Hurricane Katrina. In Oregon, the U.S. Attorney’s Office announced (here) the indictment of six individuals for receipt of stolen government property…
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Milberg Weiss Dangles Money in Front of Lawyers
Well-known plaintiffs class action law firm Milberg Weiss is the lead counsel in a settlement with KPMG regarding the tax shelters sold to individuals that the accounting firm has admitted were bogus. The settlement calls for KPMG to pay $225 million to the taxpayers who bought the shelters, from which the attorneys will receive $30…
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Former Inso General Counsel Sentenced to a Year-and-a-Day for Perjury
Being a general counsel for a corporation is getting to be almost as precarious as being a chief financial officer (see post below). Bruce Hill, who was the general counsel for Inso Corp., was convicted in June 2005 of one count of perjury for lying to the SEC in its investigation of accounting fraud at…
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Internet Pharmacy’s General Counsel Indicted
Daniel Adkins was the general counsel for Xpress Pharmacy Direct, an internet prescription drug supplier that was shut down in May 2005 by federal authorities for illegally filling over 72,000 prescriptions for pain killers and other controlled substances. The company’s founder, Chris Smith, was indicted in August 2005 and remains in custody. Adkins is charged…
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A Shot of Botulism to Turn Back the Years?
Two doctors in Florida, Chad Livdahl and Zahra Karim, received substantial prison terms for distributing a botulism toxin as a substitute for botox to more than two hundred doctors. Livdahl and Karim each entered guilty pleas in November 2005, and were sentenced to nine and six years, respectively, although Karim will serve a shorter term…
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Lay and Skilling Seek a Delay in the Start of Their Trial
Enron conspiracy defendants Ken Lay and Jeffrey Skilling have petitioned the Fifth Circuit for an order delaying their trial so that the appellate court can consider their appeal of District Judge Sim Lake’s denial of their motion for a change of venue. On Monday, Judge Lake denied again the defense request to move the trial…
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Three Jenkens & Gilchrist Lawyers in the Cross-Hairs for Tax Shelter Sales
While prosecutors in New York are dealing with the first skirmishes in the 19-defendant KPMG tax shelter prosecution, they are also looking at the enablers of the shelter sales by investigating three tax lawyers from Jenkens & Gilchrist. The lawyers, Paul Daugerdas, Erwin Mayer, and Donna Guerin, provided opinion letters used to support the tax…
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The Chertoff Line
Peter Lattman has an interesting post on the Wall Street Journal Law Blog (here) about high-level prosecutors whose careers involved working under Michael Chertoff, the head of the Department of Homeland Security. At various points in his career, Chertoff has been the U.S. Attorney in New Jersey, head of the Criminal Division at the Department…
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When Is a Standard Not Really a Standard?
The NASD has put forward new "interpretive material" (here) (called IM, but not to be confused with what my teenage daughter does ad nauseam) to its Rule 3060, entitled "Influencing or Rewarding Employees of Others." The new approach comes in response to revelations that brokerage firms have been lavishing benefits on traders at mutual funds,…
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