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Katrina Will Also Spawn Fraudulent Schemes
As if the human suffering caused by Hurricane Katrina is not enough, the disaster will be a catalyst for any number of different fraudulent schemes that take advantage of those seeking to contribute to the relief efforts, offer investors a chance to get in on the ground floor of new "investment opportunities," and allow false…
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Boies Family Conflicts
The Wall Street Journal reports (here) that a document-management company, Amici LLC, that did work on behalf of Tyco and Qwest Communications is owned in part by members of the family of lawyer David Boies, whose firm (Boies, Schiller & Flexner) is counsel to the companies. The firm resigned earlier this week as special counsel…
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Sorting Out the Bayou Securities Mess
The mess at Bayou Securities just keeps getting murkier. The Arizona Attorney General seized $101 million from a Wachovia Bank account because it appeared to be part of a larger fraud, and that looks like a lucky break for investors in Bayou’s hedge funds who might get a little money back, although not any time…
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Calculating Loss in a Loan Case
Even with the Federal Sentencing Guidelines now advisory, an issue that continues to vex courts is calculating the loss in cases arising from false statements related to loans. Is the loss the total amount of the loan, what the assets would have been worth at the time of the false statement, the defendant’s intended loss,…
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State Prosecutor Indicts Two in Election Fraud Case
Ray Beckerman, on the Ohio Election Fraud website here links to a Cleveland Plain Dealer article titled "2 Election Officials Indicted in Recount" that discusses the recent indictment of two election officials from Cuyahoga County, Ohio who were indicted "on charges of not handling ballots correctly during the recount of the 2004 presidential election." The…
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More KPMG Documents
Additional items have been posted by Professor Paul Caron on the tax blog (here) includingthe statements of AG Gonzales, IRS Commissioner Everson, KPMG Statement, and a copy of the Press Conference Transcript between Gonzalez, Everson and USA Kelly. (esp)
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Katrina News
Tulane and Loyola Law School Communities – Professor Pamela Metzger has set up the following website – http://metzgerlevittfamily.typepad.com/new_orleans_where_are_you/ She and Professor Katherine Maris Mattes of Tulane are also using their blog as a hub – http://lawprofessors.typepad.com/clinic_prof/2005/08/after_katrina.html To all in the storm area – we send our thoughts and best wishes.
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Pleas in Spitzer’s Office
Attorney General Spitzer’s Office is in the news again. This time the New York Times is reporting on guilty pleas being entered by two former executives of Security Trust Company. (here) According to a press release issued by the New York Attorney General’s Office here, "the former Chief Executive Officer and the former President of…
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More on Kentucky Pardons
Discussed here is Kentucky Governor Ernie Fletcher’s pardon of some "former and current aides." Margy Love, former pardon attorney for DOJ and author of a resource guide (Relief From The Collateral Consequences Of A Criminal Conviction: A State-By-State Resource Guide) comments on these pardon’s as follows: "To me, the most outrageous thing about the Fletcher…
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Who is Entitled to the Money?
The Wall Street Journal here reports that "Arizona state authorities [ ] seized more than $101 million in assets from a bank account that may have held money from Bayou Management LLC, a hedge-fund management firm currently under investigation for fraud." The question now becomes, who is entitled to this money? The choices include Bayou…
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