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Is the Milberg Weiss Case Slipping Away Due to Statute of Limitations Problems?
The New York Times has a long article (here) reviewing the grand jury investigation of the well-known plaintiff class action firm Milberg Weiss and its two lead partners, William Lerach and Melvyn Weiss (note that the firm split in two in 2004), for making secret payments to the representative plaintiffs in class actions for which…
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The Latest in Illinois
Some of the latest happenings in Illinois: 1. The DOJ reports in a Press Release here that it has secured another plea – its nineteenth- in an ongoing Chicago investigation. The press release states that: "General Services Administration (GSA) planner-estimator . . . pleaded guilty to bribery in connection with the awarding of GSA contracts…
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How Do You Count White Collar Crimes?
An op-ed in the New York Times by Stacy Horn (here) laments the lack of statistics on white collar crimes, specifically that there’s no way to track the number of crimes that occur without looking just at the number of charges filed or persons convicted. Unlike murders or property crimes, for which there are numerous…
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Wal-Mart Accuses Second Executive of Participating in Fraud
Wal-Mart terminated the retirement benefits of former executive Thomas Coughlin this past March and removed him from the board of directors for what the company described as a series of fraudulent billings and other misappropriations (including the use of giftcards for personal purchases) that totaled up to $500,000. The company has now accused a second…
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Three BALCO Defendants Enter Guilty Pleas, While One Gets Cold Feet
Three of the four defendants in the BALCO steroid manufacturing case entered guilty pleas today (see earlier post here). Victor Conte, Greg Anderson (former personal trainer for Barry Bonds), and James Valente appeared before U.S. District Court Judge Susan Illston and affirmed their guilt to drug distribution and, for Conte, money laundering charges. A fourth…
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Phillies Fan Who Spammed Complaints About the Team Sentenced to Four Year Prison Term
Eric Carlson was angry about how poorly the Phillies were playing — no great shock with Larry Bowa as the manager. While Carlson no doubt acted like others fans by booing vociferously at games (including Santa Claus and the Easter Bunny), he also decided to hack into computers to send a large volume of e-mails…
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BALCO Founder to Plead
We reported here that things were not looking good for Victor Conte, founder of BALCO (Bay Area Laboratory Co-Operative). So it is not surprising to see the Wall Street Jrl reporting here that Victor Conte will be entering a plea. He is scheduled to plead guilty today to "steroid distribution and money laundering." Stay tuned.…
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More Cooperation in Enron Investigation
DOJ reports here that "Christopher Calger, a former Enron vice president, has pleaded guilty to a charge of conspiracy to commit wire fraud." According to this press report, this is the 16th conviction of the Enron Task Force. According to the DOJ press release, it states in part that: "The information and plea documents signed…
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Mayor Pleads in Tax Case-Attorney Going to Trial
The DOJ reports here that the former mayor of Monroe County, Florida plead guilty to tax perjury. The attorney for Monroe County, added to the indictment in this case, is set for trial. The press release states in part that "John L. “Jack” London, 67, of Key West, Florida, pleaded guilty to one count of…
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Sentencing White Collar Offenders
With the sentencing of white collar offenders on the rise, it is no surprise to see the media presenting analysis on this topic. Here are some of the articles on the Ebbers and other sentencing of those accused of white collar offenses. Wall Street Jrl.(Ebbers is Sentenced to 25 Years for $11Billion WorldCom Fraud) (here)…
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