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Criminal and Civil Insider Trading Charges Against Gerber Scientific Director of Corporate Communications
The former director of corporate communications for Gerber Scientific, Inc., Robert Goehring, was indicted in the Southern District of New York and charged in a civil complaint filed by the SEC in Connecticut with trading on material nonpublic information prior to its release by the company, resulting in gains and losses avoided of approximately $94,000.
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Indictment for Avoiding over $200 Million in Taxes Filed in D.C.
The Department of Justice announced the indictment of Walter Anderson, a telecom entrepreneur, for failing to pay over $200 million in taxes from over $500 million in profits he earned from various mergers of companies he owned by forming off-shore companies in the British Virgin Islands and Panama to hide the true ownership of the
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Corruption Prosecutions in New Jersey
The U.S. Attorney’s Office in New Jersey announced last week the arrests of a number of local public officials in Monmouth County (home of Asbury Park for the Bruce fans in the crowd), including the mayors of Keyport, Hazlet, and West Long Branch, on corruption charges. According to a press release by the USAO discusses
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A Possible Settlement in the SEC Insider Trading Case Against Martha Stewart
The cover of the March 7 issue of Newsweek features a smiling Martha Stewart and the headline "Martha’s Last Laugh" (here). The magazine is reporting that Stewart’s attorneys (she continues to reside in an FCI in West Virginia for the rest of the week) are negotiating a settlement with the SEC regarding the civil insider
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Martha Stewart’s Return to Work
An article in the New York Times (Feb. 27) discusses Martha Stewart’s imminent return to her company, Martha Stewart Living Omnimedia, upon completion of her five-month term of imprisonment. Stewart is scheduled to return to her office on March 7. Her sentence includes five months of home confinement, and the terms of that portion of
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Corruption Investigations May Affect Outcome of Los Angeles Mayor Race
Los Angeles Mayor James Hahn faces a primary election on Tuesday, March 8, amidst significant publicity about federal and county corruption investigations involving possible bribery and kickbacks. Federal prosecutors have issued subpoenas for office e-mail and have called witnesses to testify before the grand jury. An executive at a public relations firm with ties to
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Enron Executives Trial Set to Start in January 2006
How time flies when you’re getting ready for trial! U.S. District Judge Sim Lake has set the start of the criminal prosecution of former Enron CEOs Ken Lay and Jeffrey Skilling, along with former chief accounting officer Richard Causey, for January 2006 to accommodate the busy schedules of the various defense lawyers. The judge, who
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Ebbers Will Testify in His Defense on Monday
During a hearing on Friday, defense counsel for Bernie Ebbers stated "in good faith" that Ebbers will be called to testify on Monday. The decision is the most important one the defense will make, and may reflect an assessment that former CFO Scott Sullivan’s testimony needs to be countered by more than just the defense
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High Profile Miami Attorney Indicted on Money Laundering and Obstruction Charges
Miami attorney Sam Burstyn appeared in federal court in the Southern District of Florida this past week to face an indictment charging money laundering and obstruction of justice. Burstyn has represented celebrity clients, including Robin Givens and the wife of tennis player Boris Becker, and is known for his penthouse office on Brickell Ave. in
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A Good Day for Ebbers, Tough for Scrushy
Ebbers– In order to succeed in the prosecution of Bernie Ebbers, the government needs to prove mens rea – that the defendant knew. Two witnesses for the defense, however, state otherwise. (See more here and here). Scrushy- The government presented some damaging evidence against the defendant with testimony that goes to whether the accused had
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