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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. 

The ongoing litigation between Chevron Corp.

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. 

The Department of Justice’s Antitrust Division is investigating the auto parts industry – and obtaining some significant results. In fact, prosecutors say, the auto parts investigation is the largest criminal investigation the Antitrust Division has ever pursued, both in terms of its scope and the potential volume of commerce affected by the alleged illegal conduct. 

Good morning, readers! There was good news late last night as the New York Times reported (After a Delay, MF Global's Missing Money Is Traced) that most if not all of the apparently $1.2 billion missing from MF Global customer accounts has been found.

Only days after Manhattan U.S. Attorney Preet Bharara brought criminal charges against former Credit Suisse traders relating to their alleged fraud relating to mortgage-backed securities, N.Y.

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.

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.

In 1938, then-Manhattan District Attorney Thomas E. Dewey – yes, that Thomas E. Dewey – created the “Rackets Bureau,” which has conducted long term investigations into the corrupt activities of criminal enterprises including matters involving construction fraud and public corruption.