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Commentary on Scrushy Case
Listen to co-blogger Peter Henning, as he comments on the Scrushy case here as part of a special on "Scrushy and Sarbanes-Oxley." (esp)
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AIG Executive Is Reported to Have an Immunity Deal
A Wall Street Journal story (here) reports that Joseph Umansky, president of AIG Reinsurance Advisors, the unit involved in a number of the reinsurance transactions that are the subject of the broad government investigation of American International Group, has reached an immunity agreement with prosecutors. Under such agreements, the recipient receives an order, authorized by…
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Another Delay in Scrushy Case
According to the Birmingham News, there is another delay in the Scrushy trial (see here). Looks like closing arguments will now be on Wed. And an even more interesting question is whether there has been an ethical violation by one of the attorneys in the case. It seems that the Wall Street Jrl article here,…
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Former Basketball Star Ralph Sampson Arrested for Failure to Pay Child Support
The U.S. Attorney’s Office for the Eastern District of Virginia announced that former University of Virginia and NBA basketball player Ralph Sampson was arrested in Georgia for failure to pay child support. A press release issued by the USAO (here) states: Sampson, a former NBA basketball player for the Sacramento Kings and Houston Rockets, was…
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Eight Arrested in California and Costa Rica in Connection With Alleged $80 Million Ponzi Scheme
The Department of Justice announced the arrest of eight people — five in Southern California and three in Costa Rica — related to an alleged ponzi scheme called the Genesis Fund. Press releases by the DOJ (here) and the U.S. Attorney’s Office for the Central District of California (here) describe the scheme that has resulted…
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Problems for Military and Law Enforcement
This time the feds are calling it – "Operation Lively Green." (I often wonder who names the government operations, and when they retire do they go into newspapers to write the headlines.) And a good number of guilty pleas are coming from this undercover government operation. According to a DOJ Press Release, "16 current and…
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Immigration Charges for Attorneys and Law Firms
A U.S. Immigration and and Customs Enforcement Press Release reports the indictment of TWO LAW FIRMS and four individuals, including two attorneys. The 149 count indictment charges "conspiracy to commit immigration fraud in Maryland, Washington, D.C., and Virginia during a four-year period from April 2001 until the present." The press release states that "[t]he indictment…
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Laundering Business Charged With Antitrust Violation
It’s the laundering business, but not laundering charges. The DOJ announced charges of a Sherman Act violation against " two executives and their Brooklyn, New York companies for participating in a conspiracy to allocate customers for linen supply services in the New York City metropolitan area…" It is part of an ongoing investigation into the…
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Down to 48 in Scrushy (Including Forfeiture Counts)
With the defense resting without the testimony of Scrushy himself, it seems that the prosecution has decided not to present additional evidence. But it is far from over yet. According to the Wall Street Jrl here, the judge threw out two more counts against the accused. The Birmingham News here reports that it was an…
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More Sentencings in the Enron Nigerian Barge Prosecution
The three remaining defendants in the Enron Nigerian Barge prosecution were sentenced today by U.S. District Judge Ewing Werlein. Former Merrill Lynch bankers Robert Furst and William Fuhs each received 37 month terms of imprisonment, which is in the range of sentences given the first two Merrill defendants sentenced, Daniel Bayly and James Brown, who…
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