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How Long Will Kozlowski and Swartz Be in Prison?
Obviously the amount of time to be served is contingent on whether they are successful in the appellate stages of this case. But in the interim, the question is whether they should be incarcerated pending their appeal. Bernard Ebbers is free on bond and Martha Stewart could have been free but she chose to go…
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Ex-Official in Bush Administration Indicted
An ex-official of the Bush Administration "was arrested on charges of making false statements and obstructing an investigation by the GSA’s (General Services Administration) Office of Inspector General." See DOJ Press Release. According to the Dallas Morning News here, the investigation pertained to lobbyist Jack Abramoff, who has since been indicted on other matters. See…
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Civilans Associated With the Military
Those working next to the military may have Uncle Sam may be looking over their shoulder. And maybe that’s a good thing? A DOJ press release here states that "[a]civilian U.S. Department of Army Director of Contracting and two other individuals have been arrested in New York and Indiana on charges of participating in a…
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Fraud Not Tolerated When Security Is the Concern
The Dallas Morning News here reports that a former employee for a contractor in Iraq was charged with fraud for allegedly issuing security badges to individuals who were not entitled to them. He is alleged to have provided top level security badges to individuals who had not been cleared to receive these badges. (esp)
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Day 1- The Trial of Former Governor Ryan
Yesterday was day one in the trial of former Illinois Governor Ryan. The indictment here charges typical white collar offenses like false statements, mail fraud (premised on intangible rights), Hobbs Act, RICO and tax. Dan Webb is representing the former governor and taking a very slow road in picking the jury. To the prosecutor’s objection,…
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Will He Survive?
Has Richard Hatch realized that the television show, the Survivor, is over? Or is he out to show the government that he is a true survivor? Whatever the case be, Richard Hatch plead not guilty to charges alleging that he failed to pay taxes on his winnings. See here (AP). (esp)
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Head Start
The very concept of someone stealing from kids is appalling. But it appears that money is missing at Head Start and two former officers have now been charged with conspiracy, mail fraud, and theft. To the indictment they have plead not guilty. See more St Pete Times (AP) here. (esp)
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SEC Finds Liability for Broker’s Actions
According to the St Pete Times here and Newsday(AP) here, the SEC found Raymond James Financial Services liable for alleged fraud acts committed by one of its brokers. It will cost the company $6.9 Million. This sends a strong message to all companies that they need to be monitoring what is going on inside the…
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Equally Culpable in Jail Time, But Not Fines
The court has pronounced its sentence on Dennis Kozlowski and Mark Swartz, with each receiving a sentence of 8 1/3 to 25 years. Kozlowski received a fine of $70 million and Swartz a fine of $35 million. Additionally both were ordered to pay restitution. See here (NYTimes). Not surprisingly, the prosecution asked for the court…
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Kozlowski and Swartz A Challenge to NY to Be Reasonable
(Reposted for Monday, Sept. 19) It is likely to be a sleepless night for Dennis Kozlowski and Mark Swartz, as tomorrow is the day they are to be sentenced. Posted here are some thoughts on this sentencing, particularly the fact that if sentenced harshly they will be sent to a maximum security prison. But this…
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