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BALCO Defamation Suit
Victor Conte, the former CEO of the Bay Area Laboratory Co-operative (BALCO) who is a defendant in the widely-noted steroids prosecution, has been sued by Marion Jones for defamation. Conte gave an extensive interview to 20/20 that aired on Dec. 3 accusing Jones, who won five medals at the 2000 Olympics (including three gold), of
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Self-Dealing on Wall Street
The government is delving rather energetically into the conduct of brokers who act for their own personal benefit to the detriment of their clients and the market. A criminal complaint filed against a former managing director of SG Cowen (Dec. 13) alleges that he engaged in insider trading about companies about to undertake PIPE transactions,
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Ending with a Whimper
The so-called "Detroit Terrorism Trial" that spun so badly out of control this past summer, resulting in the government’s voluntary dismissal of the most serious charges involving a conspiracy to support terrorism, has entered its final stage with a new indictment that has nothing to do with national security or even possible immigration fraud. On
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Spy Satellite Leak
An AP story discusses a new Department of Justice investigation into the leak of top-secret information about a stealth spy satellite program. According to the article: The sources said a U.S. intelligence agency had referred the issue to the department, but did not identify the agency. The National Reconnaissance Office, which builds spy satellites, declined
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Time Warner Settlement
An article in the New York Times (Dec. 15) states that Time Warner is preparing to announce a settlement in a long-running SEC and Department of Justice investigation into accounting issues at its American Online unit (AOL), including a $400 million transaction between AOL and Bertelsmann in 2000. The accounting issues involve (always exciting) revenue
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A New Way to Pay for Law School
An AP story noted the following: A lawyer has been convicted of using a credit card scam to pay his way through law school. Christian Ehlers, 29, a 2001 graduate of Loyola Law School, was found guilty Tuesday of conspiracy, fraud and other federal offenses in a scam authorities said cost credit card companies $1.2
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Please Don’t Take My Perks
An article in the Wall Street Journal (Dec. 15) discusses an investigation by the SEC and NASD into gifts given by Bank of America to Scott DeSano, who is responsible for stock trading at Fidelity Investments. According to the article, DeSano may have received a much-coveted amateur slot in the prestigious AT&T Pebble Beach Pro-Am
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Employment Announcement
The Texas Tech University School of Law seeks to fill two new professorships, each with a substantial endowment. One of the positions is limited to criminal law and procedure, and the other is open to any field of law. As a general guideline, candidates should have ten or more years of fulltime teaching experience and
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Steroid Prosecutions
Our Nov. 3 and Dec. 8th entries discussed the ongoing investigation into steroid distribution. The Wall Street Journal today reports in an article titled "Elite Users of Steroids Rarely Face Criminal Prosecution," that despite criminal laws in existence, they do not seem to be applied "to elite professional or Olympic athletes." There are several issues
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The Latest on Former Governor Edwin Edwards
Louisiana’s Times Picayune reports in a story titled, "Judge Clears Way for Edwards’ Appeal," that "[a] federal judge has approved a motion that will allow former Gov. Edwin Edwards to appeal his conviction on corruption charges to the 5th U.S. Circuit Court of Appeals in New Orleans." This not the first time that Edwards will
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