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Longest Serving New Jersey Freeholder Charged with Accepting Bribes
Harry Larrison, Jr., whose 39 years as a Monmouth County Freeholder (the county’s governing board) made him the longest serving Freeholder in New Jersey, was charged with accepting at least $8,500 from developers doing work in Monmouth County. Larrison began in public service in 1956, and was appointed a Freeholder in 1966. He retired last…
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Criminal and Civil Insider Trading Charges Against Six
The U.S. Attorney’s Office for the Central District of California (Los Angeles) and the SEC announced the filing of criminal and civil insider trading charges against two former employees of the investment banking firms, Chanin & Co. LLC and Houlihan Lokey Howard & Zukin, Inc., and four tippees for trading on material nonpublic information about…
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Cross-Examination Begins – Dennis Kozlowski
The cross-examination of Dennis Kozlowski began yesterday. If this turns out to be the only defense witness, this trial may be over soon. The title of this morning’s Wall Street Journal article here says it all – "Kozlowski Says He Didn’t Notice $25 Million Missing From W-2." Now the question is whether his admission will…
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Tyson and SEC Settle
The SEC announced here that it settled with Tyson Foods and Don Tyson with an agreement of penalties to be paid by Tyson Foods in the amount of 1.5 million and Don Tyson to pay the amount of $700,000. According to the SEC Press release, "The SEC charged that in proxy statements filed with the…
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Internal Investigation of AIG Keeps Finding New Problems
The longer the internal investigation of American International Group goes on, the more problems seem to keep popping up. According to reports (N.Y. Times here, Wall Street Journal here), AIG’s audit committee has decided to postpone for a third time the filing of the company’s annual report, which was due in mid-March. One new area…
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Scrushy Not the Only Case Happening in Alabama
A DOJ Press Release shows that there is a lot more happening than the Scrushy trial. It seems that " five Madison County individuals have been charged by a federal grand jury with conspiracy to commit fraud against the Department of Housing and Urban Development ("HUD") and with making false statements with regard to matters…
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Kozlowski – What is the Defense Strategy?
The WallStreet Journal describes here the opening day of Dennis Kozlowski’s testimony, testimony that was not heard in the first trial. It is interesting that the defense has the defendant up in the early part of the defense case. Some thoughts here- 1. Normally you put the defendant on last so that he/she can refute…
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Scrushy- The Defense Continues
Scrushy – Although a defense witness was called to testify, according to an AP report here (al.com), it sounded more like evidence the prosecution would present. There were a few comments favorable to the defense. Strategy-wise this may prove more helpful to the defense than described in the press. A witness who tells it with…
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Another Twist in the Philadelphia Corruption Trial — “Biased” Juror Removed, Deliberations Begin Anew
The prosecution of former Philadelphia Treasurer Corey Kemp and four other defendants went down a new path yesterday — one sure to come up on appeal if there is a conviction — that is likely to send the jury deliberations well into next week when U.S. District Judge Michael Baylson dismissed a juror because of…
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MD and Employee Facing Charges
According to a DOJ press release, a federal grand jury in Camden, New Jersey, issued an indictment charging a doctor and an office manager "with conspiracy to defraud the United States, income tax evasion, and willful failure to account for and pay the IRS employment taxes withheld from their employees’ wages." The individuals indicted included…
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