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Enron/Merrill Lynch Jury Findings for Sentencing
On Tuesday, November 9, the jury in the Enron/Merrill Lynch trial concluded that the loss caused by the defendants’ fraudulent misconduct was $13.7 million. A story in the Houston Chronicle (Nov. 10, 2004) reviews the jury’s verdict. The government argued for a loss calculation of $43 million, and the defendants who participated in the sentencing
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What is the Effect of an Investigation on Corporate Employees?
On Nov. 5th we reported one of the side effects of investigations – the dismissal of corporate executives. (Ace, Ltd. dismisses two executives – NYTImes ; Marsh & McLennan dismisses four executives –NYTimes). Today we are seeing the effect of an investigation on employees. This mornings NYTimes reports that "Marsh is Planning to Cut 3,000
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Ashcroft Resigns
CNN, etc. it is showing up as breaking news – John Ashcroft resigns. More to come. (esp)
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Boeing Probe
This morning the Wall Street Journal, in an article titled "Investigation of Boeing Grows Wider," reports that "[a] federal criminal investigation of Boeing Co.’s dealings with the Air Force is branching out to include aspects of a $100 billion program it is overseeing for the Army, according to people familiar with the matter, threatening to
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White Collar Crime Employment Opportunity
Applicants Sought for White-Collar Crime Initiative Director National Association of Criminal Defense Lawyers The National Association of Criminal Defense Lawyers seeks a director for its new white-collar crime initiative focusing on over-criminalization, over-federalization, the gradual disappearance of mens reas as an element of a crime, and the application of criminal sanctions in enforcing economic regulations.
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Two News Items – Hot Off the Wires
Two items hot off the wires- 1. The Wall Street Journal reports in an email news item titled, SEC, Justice Department Probe Vioxx Withdrawal that " Merck & Co. disclosed Monday that it received a subpoena from the Justice Department related to its Vioxx research, marketing and selling activities. The company also said it faces
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Steroid Prob
Smoking Gun, in a web article titled, "Barry Bonds Fingered in Steroid Prob" includes a Memorandum of an IRS special agent with Victor Conte, Jr. of a conversation during the search of Balco Labs. The document includes a "Who’s Who" of athletes. IRS- Are they looking for unpaid taxes? Lawyer- Was a lawyer present- none
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Does Halliburton Have Problems?
Today’s Wall Street Journal, has an article titled "Halliburton Says Nigeria Payments Were Possible," and reports that "Halliburton Co., part of a consortium under investigation into whether it bribed foreign officials to win a multibillion construction contract, said in a filing ‘that payments may have been made to Nigerian officials.’" Although the government is investigating,
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The Court Hears Oral Argument in Pasquantino This Week
This Tuesday, November 9, 2004, the United States Supreme Court will hear oral argument in the case of Pasquantino v. United States. This is a wire fraud (18 U.S.C. 1343) case emanting from the Fourth Circuit. The defendants "were convicted of using interstate wires for the purpose of executing a scheme to defraud Canada and
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Identity Theft
One of the ever growing problems in the U.S. is identity theft. In the first case to be sentenced under the Health Insurance Portability and Accountability Act (HIPAA), the judge sentenced the defendant, pursuant to a plea agreement, to 16 months. According to a statement issued by the United States Attorney’s Office for the Western
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