Law Blog
Stay informed of the latest announcements relating to financial fraud law.
Fri, 02/03/2012 - 12:44pm
Fri, 02/03/2012 - 12:29pm
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Timeshare owners across the country are being scammed out of millions of dollars by unscrupulous companies that promise to sell or rent the unsuspecting victims' timeshares, federal prosecutors say. In the typical scam, timeshare owners receive unexpected or uninvited telephone calls or e-mails from criminals posing as sales representatives for a timeshare resale company. The representative promises a quick sale, often within 60-90 days.
Fri, 02/03/2012 - 7:59am
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Although it seemed that House Majority Leader Eric Cantor (R-VA) was intent on
Fri, 02/03/2012 - 5:36am
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Putting the brakes on major white-collar frauds of all kinds is one of the most important responsibilities of federal prosecutors – and as we know there is no shortage of work these days.
Fri, 02/03/2012 - 4:44am
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Manhattan U.S. Attorney Preet Bharara is at it again. Now, he has indicted Wegelin & Co. – Switzerland’s oldest bank, founded in 1741 – for conspiring with U.S. taxpayers and others to hide more than $1.2 billion in secret accounts and the income these accounts generated from the IRS. This is the first time an overseas bank has been charged by the United States for facilitating tax fraud by U.S. taxpayers.
Thu, 02/02/2012 - 11:52am
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The STOCK Act, which will block members of Congress and their staffs from engaging in insider trading, is moving forward in the U.S.
Thu, 02/02/2012 - 9:21am
Rick Devan Hendrix and Sarah Candace Deswert-Hendrix (pictured) are wanted in connection with an alleged Internet fraud scheme. The two fugitives face mail and wire fraud charges for allegedly taking pictures of items in stores, posting the items for sale on an Internet auction site, and collecting money from bidders. Victims in Oregon, Washington, and California suffered more than $300,000 in losses.
Thu, 02/02/2012 - 8:11am
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Bill Kelleher, a partner in the Stamford, Connecticut, office of Robinson & Cole LLP and a member of the Board of Editors of the
Thu, 02/02/2012 - 7:02am
In what might very well presage numerous other criminal and civil charges against Wall Street's mortgage-backed securities elite, federal prosecutors in New York have charged three former senior Credit Suisse executives with fraud - and two have pleaded guilty and are cooperating with the investigation. The lead prosecutor on the case: Manhattan U.S. Attorney Preet Bharara, about whom we have written a great deal.
Wed, 02/01/2012 - 2:57pm
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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.
Wed, 02/01/2012 - 2:34pm
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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
Wed, 02/01/2012 - 10:33am
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Is there any practice area today that is as important to law firms – and to their clients – as white collar defense? We don’t believe so – just look at the continuing efforts that law firms are engaging in to enhance that practice with lateral hires, from the ranks of the government and from other law firms, and, indeed, to create a white collar defense practice.
Wed, 02/01/2012 - 9:40am
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The Texas-based trial law firm McKool Smith has landed two experienced whistleblower (“qui tam
Wed, 02/01/2012 - 8:30am
Litigator and former Assistant U.S. Attorney Amy Conway-Hatcher has joined Kaye Scholer as a white collar litigation and internal investigations partner in Kaye Scholer’s office in Washington, D.C.
Wed, 02/01/2012 - 6:29am
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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.
