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Saks Looks Into More Problems With Vendor Markdowns
Saks Inc. disclosed today that its audit committee has expanded an internal investigation into accounting problems to look into whether vendors were improperly charged for inventory markdowns, which would have bolstered the company’s revenues and income. On May 10, the company dismissed three executives over accounting problems regarding vendor allowances (see earlier post here), and…
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That Other Southern Jury Reaches A Verdict
The jury in the case of Senator Charles Walker reached a decision after deliberating 20 hours, according to the Atlanta Jrl. Constitution here. We previously discussed this case here, a federal case against a man who is described by reporter James Salzer as "once among the most powerful African-Americans in [Georgia] state politics." The jury…
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Allen Charge Delivered in Scrushy Trial
U.S. District Judge Karon Bowdre delivered an Allen charge (see prior post for link discussing it) to the jury in the trial of Richard Scrushy. The text of the charge (from the Birmingham News here): Members of the jury: I am going to ask that you continue your deliberations in an effort to agree upon…
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Scrushy Jury Can’t Decide – Will it be a Mistrial?
CNN and AP Birmingham Alabama News report the latest jury note to the judge: "We regret to inform the court that after many days of deliberating we were unable to reach a verdict of either guilty or not guilty of any/all counts." What can the judge do- 1. Call it a mistrial. 2. Send the…
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Two Voting Fraud Guilty Pleas in Washington
Two people in Washington state entered guilty pleas to voting twice in the 2004 election, which is the subject of a hotly contested lawsuit because of the narrow (129 vote) margin of victory in the Governor election. Doris McFarland and Robert Holmgren admitted that they voted a second time on behalf of recently deceased spouses,…
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I Concur With Myself
Having nothing to do with white collar crime, I noticed this little quote in a Ninth Circuit concurring opinion in United States v. Fay (here) written by Circuit Judge John Noonan: " I write separately to state that, while I join the opinion I’ve written, it seems to me that we are engaging in the…
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Cooperation Builds in Qwest Investigation
Cooperation is an important factor in many white collar cases. It allows the government to secure important information needed to build a case. Clearly there are costs in acquiring that information. One cost is the lower sentence being offered to the cooperator. A second cost is that when the government offers a deal, they are…
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Quiet Day in Scrushy Deliberations
There were no notes from the jury out to the judge in the Scrushy trial today. There were also no requests for rehearing specific evidence. That’s because the deliberations were put on hold for the day, as a result of an ill juror. (See AP in Birmingham Alabama News here). (esp)
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Runaway Bride
Runaway bride pleads no contest and gets probation and community service (see more here and here). (esp)
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Jury Out in Kozlowski
The jury in the Dennis Kozlowski/Mark Swartz case has gone to deliberate. (See CNN here) The question is whether this jury will reach a verdict? (first time was a mistrial). CNN reports that "Before reaching a verdict, jurors can ask to have more than 16,000 pages of trial transcript read back to them and can…
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