Law Blog
Stay informed of the latest announcements relating to financial fraud law.
Wed, 05/15/2013 - 2:50pm
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Husband-and-wife executives at a China-based company have been charged with engaging in a scheme to overstate the company’s revenues and divert proceeds from a securities offering for their personal use.
Wed, 05/15/2013 - 9:36am
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A former senior executive of Texas-based ArthroCare Corp., a publicly traded medical device company, has pleaded guilty for his role in a scheme to defraud the company’s shareholders and members of the investing public by falsely inflating ArthroCare’s earnings.
Wed, 05/15/2013 - 5:11am
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Semen Domnitser, Luba Kramrish, and Oksana Romalis have been convicted in Manhattan federal court of fraud charges for their participation in a scheme to defraud programs administered by the Conference on Jewish Material Claims Against Germany, Inc., that were established to aid the survivors of Nazi persecution, out of more than $57 million. Domnitser, a former employee of the Claims Conference, served as the director of the programs from 1999 to 2010.
Tue, 05/14/2013 - 6:06pm
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Operations in eight cities have resulted in charges against 89 individuals, including doctors, nurses, and other licensed medical professionals, for their alleged participation in Medicare fraud schemes involving approximately $223 million in false billing.
Tue, 05/14/2013 - 2:59pm
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Attorney General Eric Holder has ordered an investigation into whether the Internal Revenue Service broke any laws when it targeted tea party groups seeking tax exempt status.
Tue, 05/14/2013 - 7:41am
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Whistleblowers often risk their careers to point out waste, fraud, and abuse. A leading U.S. Senator continues to seek ways to protect whistleblowers who seek to expose government failures.
Mon, 05/13/2013 - 2:18pm
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In the largest drug safety settlement to date with a generic drug manufacturer, Ranbaxy USA Inc., a subsidiary of Indian generic pharmaceutical manufacturer Ranbaxy Laboratories Limited, has pleaded guilty to felony charges relating to the manufacture and distribution of certain adulterated drugs made at two of Ranbaxy’s manufacturing facilities in India. Ranbaxy also agreed to pay a criminal fine and forfeiture totaling $15
Mon, 05/13/2013 - 9:35am
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Frank Garcia, the former owner of the Federal Guaranty Mortgage Company in the state of Florida, has pleaded guilty to fraud affecting a financial institution, and now faces 30 years in prison.
Fri, 05/10/2013 - 11:50am
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The Internal Revenue Service has acknowledged that in 2012 it targeted applications for tax exempt status of tea party political groups and groups with the word “patriot” in their names to see if they were entitled to claim tax-exempt status or if they were violating the Internal Revenue Code. IRS agents asked some of the groups for donor lists, which typically is not permitted by IRS policy.
Fri, 05/10/2013 - 10:26am
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California Attorney General Kamala D. Harris has sued JPMorgan Chase & Co., alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of Californians.
Fri, 05/10/2013 - 8:20am
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Eight people have been charged with participating in two worldwide cyberattacks that inflicted $45 million in losses on the global financial system in a matter of hours. The defendants allegedly formed the New York-based cell of an international cybercrime organization that used sophisticated intrusion techniques to hack into the systems of global financial institutions, steal prepaid debit card data, and eliminate withdrawal limits.
Thu, 05/09/2013 - 2:01pm
Hassan Nemazee, the Manhattan investment banker who was a fundraiser for Hillary Clinton and who
Thu, 05/09/2013 - 1:46pm
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During this season’s corporate annual meetings, stockholders of Chevron, ExxonMobil, 3M, and Bank of America will have the opportunity to weigh in on shareholder proposals calling on the companies to refrain entirely from spending corporate funds to influence electoral politics.
Thu, 05/09/2013 - 9:17am
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A dozen states and the District of Columbia authorize judicial license plates on the personal vehicles of judges. Is that a legitimate perk? Does it lead to judges receiving special treatment by virtue of their position – special treatment that is unavailable to the rest of us?
Wed, 05/08/2013 - 1:27pm
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Joselito Vega, a house painter, has been charged with stealing artwork from a Kings Point, New York, estate that he was hired to paint, and selling at least one piece. Then, according to prosecutors, he laundered the money he received by getting his ex-sister-in-law to cash the check in Brooklyn, New York.
