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Political Happenings Across the Country
Today’s News – New Jersey – According to Newsday, the former head of the New Jersey Assembly’s ethics panel "pleaded guilty to misapplication of entrusted funds, specifically campaign money, and concealing campaign contributions." Illinois- Newsday AP also reports that "Prosecutors on Friday urged the judge overseeing the racketeering case against former Gov. George Ryan
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5 of 6 Pardons are White Collar cases
Bush pardoned six people on Wed. and five of the six appear to have been convicted in white collar crime cases. The LATimes reports that individuals were pardened for crimes of "embezzling U.S. postal funds," "evading federal currency reporting requirements," "interstate transportation of fake securities," "making a false statement on a bank loan application," and
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Former South Carolina Official Convicted
Thomas Hockman at Jurist had the following entry yesterday evening: Former SC lieutenant governor convicted of securities fraud_ [JURIST] A jury found former South Carolina lieutenant governor Earle Morris guilty of 22 counts of securities fraud Thursday. While Morris was chairman of Carolina Investors he told investors to keep their money with the company even
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What’s the Latest on Sentencing
As everyone awaits the post-Blakely decisions of Fanfan and Booker, the DOJ has decided to start its campaign to fight back with legislation, just in case the decision is not to their liking. In today’s Wall Street Journal, in an article titled, "Justice Department Backs Bowman’s Sentencing Reform," we see reporter Gary Fields reporting that
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Government Looks at Lay’s Wife
The NYTimes reported it yesterday and several newspapers are reporting today that Ken Lay’s wife is under investigation for a stock sale. The Washington Post says that the investigation goes to " Linda P. Lay’s sale of 500,000 Enron shares on behalf of the couple’s family foundation on Nov. 28, 2001." Defense Counsel Michael Ramsey
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What’s New in Atlanta
While New York’s Attorney General Elliot Spitzer has the insurance industry feeling some pressure, in Atlanta some ex-officials are the ones facing scrutiny – but this time it’s by the federal government. Former Mayor Bill Campbell, charged with "racketeering, accepting bribes and evading taxes" asked the court to dismiss two racketeering counts because prosecutors delayed
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Up the Ladder at Boeing
An earlier posting (Nov. 9) about the expanding government investigation of Boeing may involve the highest levels of the company’s management. In a plea entered on Monday (Nov. 15), Michael Sears, the former CFO of Boeing, plead guilty to aiding and abetting acts affecting the personal financial interest of a federal government employee (18 U.S.C.
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Senate Hearing on Insurance Industry
The Subcommittee on Financial Management, the Budget, and International Security of the Senate Governmental Affairs Committee will be holding a hearing today (Nov. 16) on the state of the insurance industry in light of the various investigations of industry practices that have been the subject of two lawsuits filed by New York Attorney General Eliot
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Lucent FCPA Woes
Lucent Technologies Inc., one of the largest telecommunications equipment providers, is caught up in a foreign government bribery scandal involving payments and perks to Dr. Ali Al-Johani, who was Saudi Arabia’s telecommunications minister. A front-page article in the Wall Street Journal (Nov. 16) describes the benefits provided by Lucent on Dr. Al-Johani’s behalf, including a
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Sociological Origins of White Collar Crime
A recent report for The Heritage Foundation by Professor John S. Baker, Jr. (LSU), entitled "The Sociological Origins of White Collar Crime," raises questions about the definition–or lack thereof–of what constitutes a "white collar crime." Regarding the scope of what now comes under the definition of white collar crime, Professor Baker points out: Are millions
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