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You are browsing the archive for June 2009.
George Schieren Joins Gibson, Dunn & Crutcher in New York
George Schieren has joined law firm Gibson, Dunn & Crutcher LLP as a partner in its New York office. The firm announced today that Schieren has joined its securities litigation and regulatory enforcement practice. Schieren joins Gibson Dunn from Clifford Chance. Prior to joining Clifford Chance, Schieren served as Senior Vice President and General Counsel [...]
The Full Monty: 150 Years for Madoff
Maybe we should rename it “The Full Bernie?”
71-year-old Bernard Madoff was sentenced to 150 years in prison today for his multibillion-dollar Ponzi scheme. U.S. District Judge Denny Chin issued the sentence today in the Southern District of New York.
White Collar Sentencing Precedents: 30 Years is High-End in Financial Fraud Area
DealBook has a good post summarizing some of the recent white collar sentences for defendants in the financial area. It shows that while Madoff faces up to 150 years in prison, 30 years is the high-end of what other defendants have received. Read the DealBook article
Poll: How Much Prison Time Will Madoff Receive?
Bernard Madoff, age 71, will be sentenced today, and may receive up to 150 years in prison. His lawyers have requested a sentence of 12 years. What do you think the sentence will actually be? Please take our poll.
Securities Docket A.M. News Wire for June 29, 2009
Seeking Funds, Madoff Victims Turn on Each Other; Scrushy Invokes Stevens Case, Asks For New Trial; Investors Compete for a Piece of the Madoff Pie; Wife must testify in investigation into possible insider trading involving her husband; LA District Atty: Cal. Budget Cuts Would Help the Next Madoff Avoid Prison; Saudi retail investor denies involvement in insider trading, but accepts fine; and more.
Securities Docket A.M. News Wire for June 28, 2009
150 years in Prison or Life Term Sought For ‘Extraordinary Crimes’ by Madoff. http://bit.ly/Q01H1 # Madoff’s wife cedes claim to more than $80 million worth of assets, keeping just $2.5 million in cash. http://bit.ly/10gjqO #
Securities Docket A.M. News Wire for June 27, 2009
Web Watch: Best Blog Posts and Columns For the Week Ending June 26. http://bit.ly/nXjij # SEC Speech (Comm. Aguilar): Hedge Fund Regulation on the Horizon — Don’t Shoot the Messenger. http://bit.ly/17VhqQ # Canada: Former CEO of Southwestern Resources Admits to Fraud, Insider Trading. http://bit.ly/LbriQ # Forget the Hat, Now Vijay Offers to Post Bail for [...]
Web Watch: Best Blog Posts and Columns For the Week Ending June 26
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): MARTYN WARWICK, TELECOM TV (June 26, 2009): Ex-Nortel CEO: What? Me? Pay my own legal fees? Don’t you know who I am? The former CEO is back-and squealing. He claims that he is “living a nightmare” because the [...]
Canada: Former CEO of Southwestern Resources Admits to Fraud, Insider Trading
The British Columbia Securities Commission (BCSC) announced yesterday that John Gregory Paterson, the former president and CEO of Southwestern Resources Corp., has admitted to securities fraud and illegal insider trading. The BCSC stated that it has barred Paterson from the business, and that he also owes the BCSC approximately about $3.5 million that he claims [...]
Forget the Hat, Now Vijay Offers to Post Bail for Stanford
We thought it was interesting that golfer Vijay Singh defiantly continued to sport his Stanford Financial hat, but his headwear choices are nothing compared to the latest news that Singh was one of just three people who offered to sign for a portion of Allen Stanford’s’s bail. CNBC reports that Singh agreed to be responsible [...]