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Palmeiro Dodges the Perjury Bullet
The House Government Reform Committee decided not to make a criminal referral to the Department of Justice regarding possible perjury by former Baltimore Oriole Rafael Palmeiro for his statement in March 2005 that he never took steroids and subsequent positive test for stanozolol, a powerful steroid. The Committee’s report (here) describes Palmeiro’s statement regarding how…
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How Not to Resolve a Dispute Over Your Airline Seat
Dr. Kenneth Goodrich was trying to fly home to Pennsylvania from Atlanta’s Hartsfield-Jackson International Airport when he got into a dispute about his boarding pass (perhaps concerning a seat assignment). He left the plane after raising a bit of a ruckus, and then when he was informed that his checked luggage would be waiting for…
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The Latest in Tom DeLay’s Case
According to an AP report (CNN.com) here, it looks like the attorneys representing Tom DeLay have asked the prosecutor to provide internal documents related to the charging of DeLay. The idea of a prosecutor providing internal work product documents may seem odd, but the question here may be whether some or all of that documentation…
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Enron Broadband: New and Slimmer
Despite most people voting for no retrial in the unofficial Houston Chronicle poll that appeared online following the first Enron broadband trial, (see here) the government has decided to proceed. They have, however, re-indicted the individuals and made it a significantly leaner case. According to CNN (Reuters) here, the Government decided to re-indict the Broadband…
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Non-Prosecution Agreement in Bank of New York Calls for Waiver of Attorney-Client Privilege
The United States Attorneys’ Offices for the Southern and Eastern Districts of New York entered into a "non-prosecution agreement" with Bank of New York. This "non-prosecution" agreement calls for the Bank of New York "to pay $38 million in penalties and victim compensation." (Press Release here). Of this amount $26 million will be paid to…
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Former CEO of Refco Indicted
The former CEO of Refco, Inc., Phillip R. Bennett, was indicted today. (See Wall Street Jrl here; NYTimes here) The indictment charges him with Count I – Conspiracy to Commit Securities Fraud, Wire Fraud, and to Make False Filings With the SEC; Count II – Securities Fraud; Count III – False Filing With the SEC-Exchange…
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Michigan AG Reveals Love Affair and Accuses Opponent of Trying to Extort Him
Michigan Attorney General Mike Cox, a Republican, announced at a press conference that he had an affair prior to his election in 2002 (Cox remains married to his wife), and accused Geoffrey Fieger, who is seeking the Democratic nomination for AG in the 2006 election, of trying to extort him by threatening to leak the…
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GM Announces Restatement
General Motors announced that it would have to restate its earnings for 2001, and possibly other years, because of problems with its accounting for certain credits from its suppliers. The SEC has been investigating GM and Delphi Corp., its former supplier subsidiary spun off from the company that recently declared bankruptcy, about their accounting for…
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Congress Must Be in the Mood to Investigate
An AP story (here) relates that Rep. Tom Davis, chairman of the House Government Reform Committee, is threatening to subpoena the White House and various federal agencies as part of an investigation of the response to Hurricane Katrina. Another AP story (here) states that Speaker of the House Dennis Hastert and Senate Majority Leader Bill…
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Three Convicted of Mortgage Fraud
The U.S. Attorney’s Office for the Northern District of Texas announced the conviction of three defendants in a large-scale mortgage fraud scheme that targeted Countrywide Home Loans, a national mortgage lender. The three defendants, Tam Nguyen, Xuyen Nguyen, and Myna Tran, were convicted of conspiracy, mail and wire fraud related to a scheme involving 18…
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