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The Causey Plea – Why So Late?
Everyone now seems convinced that former Enron Chief Accounting Officer Richard Causey will in fact enter a plea (See CNN here, NYTimes here, Houston Chronicle here), although we will have to wait until later today to get the terms of the agreement. It is without doubt that a key term will be cooperation. It also…
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White Collar Sentencing in China
In the United States it has been a tough year for some individuals who have been found guilty of white collar offenses. The sentences have been well beyond what we saw in the past. Jamie Olis originally received a sentence of 24 years – although it has been reversed and he will be re-sentenced in…
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Avoiding Katrina Frauds
Katrina frauds have been a major focus of the Department of Justice (DOJ) (see post here). So it is not surprising to see in the news yet more indictments. But the number of indictments and source that they come from were a bit surprising. The Washington Post reports here that 50 people were indicted in…
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The Kidan-Abramoff History
Abramoff’s co-defendant Adam Kidan plead guilty (see post here) and one has to wonder what kind of testimony he might offer to the government. Newsday offers here an interview with Kidan that shows the close relationship between him and Abramoff, a relationship that the paper reports goes all the way back to their college days…
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Will Causey Plead?
On Friday here we reported on the talk of the town – – could it be possible that former Enron Chief Accounting Officer Richard Causey would plead guilty. Would he cooperate with the government, most likely a necessity for a plea? And would the case against Lay and Skilling be able to still go to…
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Spitzer’s Holiday Greetings
It was not your typical holiday greeting that Attorney General Elliot Spitzer was sending this week to some companies. According to the New York Times here, Spitzer sent subpoenas to several major record companies. For example, one entity reports here that: "On December 20, 2005, the Attorney General of the State of New York served…
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White Collar Crime Survey
Each year the American Criminal Law Review puts out a survey on white collar crime. This year the topics covered are: Antitrust Violations Computer Crimes Corporate Criminal Liability Employment-Related Crimes Environmental Crimes False Statements and False Claims Federal Criminal Conspiracy Financial Institutions Fraud Foreign Corrupt Practices Fraud Health Care Fraud Intellectual Property Crimes Mail…
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The Latest Presidential Pardons
Everyone is talking about President Bush’s latest set of pardons. (see Professor Doug Berman’s Sentencing Blog here; Talk Left here) From a white collar crime perspective, of the 11 pardons it looks like two are clearly white collar offenses (false statements on loan applications), six are clearly not white collar offenses, and the remaining three…
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Hats off to Judges & Prosecutors in Colorado That Say – No Perp Walk Here
The perp walk pictures seem common in the press today. Former CEOs of major companies, who are indicted by federal grand juries, are paraded before the press for photography shots of them being arrested, handcuffed and led off to be fingerprinted and booked. According to the Denver Post here, the Denver crowd has more class. …
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Punishment for Alleged “Cash for Questions”
Some in India believe the punishment is too harsh and they are protesting. (See The Hindu here) It seems that the media conducted their own undercover sting operation and filmed several members of parliament in an alleged "cash for questions scam." (allegedly they took cash for asking questions in Parliament) (See NYTimes here). The result…
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