Blog
Crime in the Suites An Analysis of Current Issues in White Collar Defense

A Blog About Current Issues in White Collar Defense

In electing to testify in his own defense at his federal criminal trial for insider trading, hedge fund operator Doug Whitman made a decision that no other defendants in similar recent prosecutions had chosen. He was still convicted on all counts by a jury, just as were the other defendants who did not take the stand in similar cases. Whitman operated Whitman Capital, a hedge fund based in Menlo Park, Calif., with about $100 million in assets under management. Prosecutors in the Southern District of New York alleged that Whitman made about $1 million for the hedge fund based on tips from insiders at various technology companies, including Polycom, Marvell Technology Group, and Google. Whitman was found guilty of two counts of securities fraud and two counts of conspiracy to commit securities fraud. He faces a maximum of 20 years in prison for each charge and sentencing is schedule for December 20. Five years ago, the Federal Bureau of Investigation launched an initiative known as “Operation Perfect Hedge,” aimed at prosecuting insider... Read more

The U.S. Securities and Exchange Commission has charged an executive at Bristol-Myers Squibb with insider trading, citing his Internet searches as support that he tried to cover up his illegal acts. As a high-level executive in the treasury department at Bristol-Myers Squibb, Robert D. Ramnarine helped the company target, evaluate, and acquire other pharmaceutical companies…. Read More

The U.S. Department of Justice’s recent boasts about rigorous enforcement of the securities laws ran into a significant obstacle this month when a federal judge in Washington, D.C., dismissed part of a $50 million securities fraud case and accused DOJ prosecutors of overreaching. In an increasingly global economy, the case is a good measure of… Read More

Full Tilt Poker, PokerStars, and the U.S. Department of Justice announced today that PokerStars will acquire Full Tilt Poker’s assets in a transaction that ends the DOJ’s civil forfeiture case against Full Tilt.  Both Full Tilt and PokerStars ran online poker sites in the U.S., and in 2011 the DOJ charged both of them with… Read More

Michelle Cohen recently joined Ifrah Law as a partner. Here is an edited transcript of a recent interview with Ms. Cohen. Question:  What are some of your legal experiences and strengths that you’d like to highlight? Answer: I have many years of experience representing clients engaged in various industry sectors before state attorney generals, the… Read More

A current anti-piracy case demonstrates the U.S. government’s intent to enforce its copyright laws not just beyond national borders, but beyond the extent of logic. The U.S. Department of Justice has issued an arrest warrant and extradition order for a 24-year-old college student in England who ran a website that contained links to independent websites… Read More

On July 2, 2012, the U.S. Court of Appeals for the 11th Circuit tackled an interesting question of statutory interpretation that centered on the precise usage by Congress of the word “knowingly” in a federal criminal law that prohibits luring people under 18 years old into prostitution. In United States v. Daniels, the appeals court… Read More

Delaware is now poised to become the second state to legalize online gaming. On Wednesday, that state’s Senate passed a bill that would legalize web table games, including poker, video lottery games, and traditional lottery games to be offered online. Democratic Governor Jack Markell supports the bill and is expected to sign it into law… Read More

We recently blogged about the recent decision of the U.S. Court of Appeals for the 11th Circuit in Securities and Exchange Commission v. Goble, 2012 WL 1918819 (11th Cir. May 29, 2012).  There, we discussed the appeals court’s limitation on the reach of the concept of “securities fraud” under Section 10(b) of the Exchange Act… Read More

Page 20 of 41« First...10...1819202122...3040...Last »