‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInWirecard Red Flags Should Have Prompted Earlier Response, Former Executive Says – WSJ
Mr. Freis was due to join the German payments company’s management board on July 1, but he was called in early, on June 18, when Wirecard said it couldn’t verify $2 billion in assets. With Wirecard’s auditors refusing to sign off on the company’s financials, Mr. Freis was asked to assess the situation. He reached […]
Fraudster refuses to give up Bitcoin password worth $60M
German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster. There’s only one problem: They can’t unlock the money because he won’t give them the password. The man was sentenced to jail and has since served his term, maintaining his silence throughout while police made repeated failed efforts […]
A Bigger Risk Than GameStop? Beware the Ponzi Scheme Next Door – The New York Times
A bigger issue for investors may well be the increasing number of Ponzi schemes, which use money from new investors to pay earlier investors until the fraud falls apart. Many of the latest fraudsters have been preying on people who feel they lost out on the big stock market gains of last few years. The […]
NYSE firms more likely to commit financial fraud, study finds
Researchers from a trio of universities (Washington State, Pennsylvania State, and Miami) studied 250 companies involved in Securities and Exchange Commission fraud filings from 2005 to 2013, and found that Fortune 500 companies were much more likely to have cooked books. Researchers looked closely for predictors of fraud, and found four risk factors : Fortune […]
Leading White Collar and First-Chair Trial Lawyer Warrington Parker Joins Crowell & Moring
Crowell & Moring is expanding its Litigation and White Collar & Regulatory Enforcement groups in San Francisco with the addition of Warrington Parker, a former federal prosecutor and first-chair trial lawyer with more than two decades of experience representing clients in high-stakes civil and criminal litigation and investigations. Source: Leading White Collar and First-Chair Trial […]
Morrison & Foerster Partners John Carlin and David Newman Appointed to “Day One” Senior Leadership Roles in the U.S. Department of Justice | Morrison & Foerster
Morrison & Foerster, a leading global law firm, is pleased to announce that partners John Carlin and David Newman have been named to “Day One” U.S. Department of Justice (DOJ) leadership roles, as Acting Deputy Attorney General and Associate Deputy Attorney General, respectively. Mr. Carlin will lead the Deputy Attorney General’s office until the Senate confirmation […]
G. Zachary Terwilliger, Most Recent United States Attorney for the Eastern District of Virginia, Joins Vinson & Elkins as Partner
G. Zachary Terwilliger, who most recently served as the Senate-confirmed United States Attorney for the Eastern District of Virginia (EDVA), has joined Vinson & Elkins as a partner in the firm’s Government Investigations and White Collar Criminal Defense practice. Source: G. Zachary Terwilliger, Most Recent United States Attorney for the Eastern District of Virginia, Joins […]
U.S. Attorney Nick Hanna Returns to Gibson Dunn
Gibson, Dunn & Crutcher LLP is pleased to announce that Nick Hanna will join the firm’s Los Angeles office. Hanna, a former Gibson Dunn partner, most recently served as United States Attorney for the Central District of California. At Gibson Dunn, Hanna will co-chair the firm’s White Collar Defense and Investigations Practice Group. He joins […]
Prosecutors Say Wealth, Fame Motivated Theranos Founder Elizabeth Holmes’s Alleged Crimes – WSJ
Ms. Holmes and California prosecutors are sparring over what details a judge will allow into the trial in July, with fights over not only her wealth, but also testimony from Theranos patients who received inaccurate blood results and internal emails prosecutors say show the company trying to evade lab inspectors. In all, U.S. District Judge […]
Dystopian Future Securities Fraud – Bloomberg
So we have talked about allegations that Senator Richard Burr did something wrong when he dumped stocks after receiving Intelligence Committee briefings about the coronavirus in February. There was a factual dispute about what secret information Burr did or did not receive in those briefings, and about whether or not he traded based on it, […]