Financial Fraud

Bill Kelleher, a partner in the Stamford, Connecticut, office of Robinson & Cole LLP and a member of the Board of Editors of the Financial Fraud Law Report, recently spoke with us about the likelihood of

President Obama had a lot to say today about his plans for the housing market. Whether he will be able to move Congress or not remains to be seen.

Like baseball teams in the Hot Stove League, law firms continue to stock up on lawyers – from the government and from other firms – to represent their clients in a wide variety of financial fraud matters. Just today we already have mentioned significant lawyer moves at

The False Claims Act has been called the single most important tool that American taxpayers have to recover funds when false claims are made to the federal government, including health care fraud, mortgage fraud, and procurement fraud.  We here at the Financial Fraud Law Blog believe it is difficult to argue with that statement.

Here’s a late Friday afternoon tease: the FTC and DOJ say that, as part of the “continuing effort to protect consumers from financial fraud,” they are having a news conference on Monday to discuss what they are calling a “major enforcement action involving the debt collection industry.” 

Robert Khuzami, the Director of the SEC’s Division of Enforcement, seems to be pretty defensive about claims that the federal government has not prosecuted CEOs and other executives for financial fraud in cases that led to the Financial Crisis. In fact, at remarks announcing the Financial Fraud Enforcement Task Force’s new Mortgage-Backed Securities Working Group, he declared that the SEC has been “incredibly busy in the pursuit of financia

Several days after President Obama announced that the federal government would begin an investigation into the mortgage-backed securities market, we now have some details: Attorney General Eric Holder, Housing and Urban Development (HUD) Secretary Shaun Donovan, SEC Director of Enforcement Robert Khuzami, and New York Attorney General Eric T.

There’s an interesting report out today from the Office of the Special Inspector General for the Troubled Asset Relief Program that we are going through. One of the things that caught our eye is the statement that “[f]raud related to bailout funds has become the ‘next wave of financial fraud cases’ as predicted by FBI Director Robert Mueller.” 

The U.S. Attorney in Connecticut, David Fein, says he is targeting and about to bring a new round of insider trading charges and similar financial fraud cases.  We spoke about that with Bill Kelleher, a partner in the Stamford, Connecticut, office of Robinson & Cole LLP, and a member of the firm’s Business Litigation and White-Collar Defense and Corporate Compliance Practice Groups.

The Consumer Financial Protection Bureau (CFPB), the Department of Defense, and the Federal Trade Commission – together with New York Attorney General Eric Schneiderman – have announced the development of a database to combat financial fraud directed at military members, veterans, and their families.