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First Survivor Richard Hatch Indicted on Ten Counts
Richard Hatch, the first Survivor winner, has now been indicted on ten counts of tax fraud and using funds intended for a charity for personal expenses. Back in January, it was reported that Hatch would plead guilty to one count of tax evasion for not reporting his $1 million prize from Survivor and an additional…
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Caremark RX Settles Civil Health Care Fraud Claim
Caremark RX entered into a civil settlement with the Department of Justice regarding alleged illegal kickbacks at its AdvancePCS subsidiary. The company agreed to pay $137.5 million to resolve claims that it solicited kickbacks from drug manufacturers and secretly paid rebates to customers to contract with AdvancePCS, a pharmacy benefits manager (PBM). According to the…
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Civil Suits Start Flowing Against Bayou Securities
There is a growing list of lawsuits against Bayou Securities, the Connecticut hedge fund management firm that has been the subject of multiple criminal investigations for alleged fraud. The Jewish Federation of Metropolitan Chicago is suing for $4 million that is invested in the firm, while Multi-Dimension Fund, a so-called "fund-of-funds" has filed suit for…
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Texas Grand Jury Indicts Two PACs for Campaign Law Violations in 2002 Election
A Travis County, Texas, grand jury issued four indictments against the Texas Association of Business (TAB) and one indictment naming the Texans for a Republican Majority Political Action Committee (TRMPAC) for campaign law violations related to the 2002 elections that resulted in Republicans taking control of the Texas legislature and Congressional delegation for the first…
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The Katrina Scams Are Here
A New York Times article (here) highlights the sorry aftermath of any major disaster: the onslaught of fraudulent schemes. The article notes that Missouri has taken action against websites with ties to white supremacist groups that are using the names like "katrinafamilies.com" to funnel traffic to a site to collect donations without disclosing the use…
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Has the Enron Task Force Put the Prosecution in Jeopardy?
Tom Kirkendall on the Houston’s Clear Thinkers blog has a post about the latest defense filing in the conspiracy prosecution of Ken Lay, Jeff Skilling, and Richard Causey seeking dismissal of the charges due to prosecutorial misconduct from efforts by the Task Force to keep witnesses from speaking with defense counsel. The filing (available here)…
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What a Tangled Web We Weave
The U.S. Attorney’s Office for the Southern District of Texas (Houston) announced that Larry Michael ("Mike") Nixon entered a guilty plea to two counts of bank fraud related loans from Minnwest Bank in Montevideo, MN, and Old National Bank in Indianapolis, IN. Nixon defrauded the banks by getting loans supposedly to purchase cranes for his…
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Report on UN Oil-for-Food Programme Describes Quite a Mess
The final report of the Independing Inquiry Committee Into the United Nations Oil-for-Food Programme has been released, and it is a catalogue of how a well-intentioned relief effort spun out of control through a lack of oversight and the inability of the UN, particularly the Security Council, to maintain any sort of responsible discipline over…
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Bernie Ebbers to Remain Free Pending Appeal
Bernie Ebbers, sentenced to 25 years, has been granted the right to remain free pending his appeal. See here and here. This is in large part because he has significant issues for the appellate tribunal to consider. This is clearly a difference between white collar and street offenses. The chances that a person given a…
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Records In Scrushy Trial Being Released
A lot was happening behind the scenes before and after the Scrushy trial. Several in the media filed a motion for the release of undisclosed documents during this trial. (see here) The defense did not object to the release of almost all information, objecting only to items pertaining to personal and financial data of Scrushy.…
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