Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInIndictments
Wednesday is Indictment Deadline in Madoff Prosecution
Federal prosecutors have until Wednesday to indict Bernard Madoff or seek a second extension from the court handling the case. AFP reports that prosecutors in the SDNY would not reveal their plans, saying only that both options remained available. Prosecutors and Madoff already agreed to a 30-day extension in mid-January, and AFP reports that many [...]
Dreier Indictment Released; Charges Dreier Confession Exists on Tape
Federal prosecutors have now released the federal indictment of Marc Dreier. Among other things it includes an allegation that Dreier admitted many of the key allegations against him in a tape recorded conversation, and that he also acknowledged being “ashamed” of his role in fabricating documents. Read the Indictment (via Am Law Daily)
US Attorney Charges Six With Stealing From Securities Class Action Settlement Funds
Six people were charged yesterday with an alleged scheme to use dummy corporations, fake brokerage accounts, and virtual offices to steal $41 million from securities class action settlement funds. The Philadelphia Inquirer reports that Laurie Magid, Acting U.S. Attorney for the Eastern District of Pennsylvania, announced that “the ring, which also included a lawyer, went [...]
Former Biopure Corp. Executive Indicted for Lying to Court About Having Cancer
Howard P. Richman, a former executive of Biopure Corp., was indicted yesterday in federal court in Boston for allegedly lying to a federal judge when he said he was gravely ill from colon cancer. Prosecutors claim that Richman did so in an attempt to force a settlement in a case brought against him by the [...]