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Two More Convicted in Cleveland Corruption Case
The long-running investigation of municipal corruption in Cleveland and other cities, including Houston, has resulted in the conviction of Cleveland businessman Nate Gray and New Orleans businessman Gilbert Jackson. Both defendants were convicted of a RICO conspiracy charge, and Hobbs Act and mail/wire fraud counts; Jackson was acquitted on eight counts. According to a press…
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Leading Iceland Businessman Charged With Fraud
Just so we don’t think that alleged misconduct by senior corporate officials occurs only in the United States, fraud and embezzlement charges have been filed against leading Iceland businessman Jon Johannesson. He is the CEO of Bauger Group, an investment firm that has taken a stake in some of Britain’s and the Continent’s leading retailers. …
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What Better Place to Plan Your Next Crime: Levenworth
Donald Mixan entered a guilty plea to conspiracy to commit mail and wire fraud related to a scheme to pass bogus checks at banks in Utah and Missouri. Mixan hatched the plan while in the Levenworth Detention Center in Kansas, where he met one Montgomery Akers. Akers directed Mixan’s girlfriend to create the checks on…
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MassMutual – The Details
The Wall Street Jrl here has all the details of the MassMutual scandal including the personal side that people hope never makes the paper. What led to CEO O’Connell leaving and how his shadow retirement account increased over the years – it is all there. Should this have come to light sooner? While you are…
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More Reebok Action
The SEC reports here of eight (8) more being charged with insider trading. The press release states: "In a second emergency action alleging insider trading in the securities of Reebok International Ltd. (Reebok), the Securities and Exchange Commission today charged eight additional individuals who reaped illegal profits. The Commission has now identified more than $6…
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What’s Wrong With This Picture?
DOJ Press Releases: #422: 08-17-05 SOUTH DAKOTA REAL ESTATE COMMISSION PERMITS REAL ESTATE BROKERS TO OFFER REBATES AND INDUCEMENTS #419: 08-12-05 FORMER COLUMBUS, OHIO BAR OWNER CHARGED WITH TAX AND MAIL FRAUD, CONSPIRACY, AND MONEY LAUNDERING #417: 08-12-05 JUSTICE DEPARTMENT ANNOUNCES CONVICTION OF FLORIDA MAN ACCUSED OF MASSIVE DATA THEFT FROM ACXIOM, INC. #416: 08-18-05…
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Government Indicts Media Executive, Attorney, and Corp.
The former publisher of the Chicago Sun-Times, along with a lawyer for Hollinger International have been indicted. Additionally, the company that controlled Hollinger International – The Ravelston Corp. Ltd. was also indicted. See DOJ press release here. The press release states that the indictment was for "federal fraud charges for allegedly fraudulently diverting from the…
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Attorney-Client Issue Gaining More Support
As reported here, the ABA passed a resolution that "opposes the routine practice by government officials of seeking to obtain a waiver of the attorney-client privilege or work product doctrine through the granting or denial of any benefit or advantage." (emphasis added) The attorney-client issue is gaining momentum with the latest letters going to the…
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Who Paid for the Golf Game?
Ohio News (ONN-AP) here reports on an investigation of Ohio Governor Bob Taft regarding his golfing. No, they are not looking if he moved the ball improperly or incorrectly reported his score – but rather who paid for his participation in the golf outings. 60 golf outings since 1999 seems to be the subject of…
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Accounting Issues Not Unique to US
Accounting firms have in some cases been the target of US government investigations – – just state the name Arthur Andersen, LLP and everyone understands. But is this unique to the U.S.? And are other countries handling things differently by having agency investigations as opposed to criminal investigations? In the Wall Street Jrl. here it…
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