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White Collar
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August 05, 2025
Lottery.com SPAC Exec Wants Info From California Fraud Case
A Manhattan federal judge said Tuesday that he will weigh a request by a special purpose acquisition company CEO accused of fraud in a merger involving Lottery.com Inc. to have New York prosecutors provide discovery from a California criminal case.
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August 04, 2025
Citibank Ignored Red Flags About $45M Wire Fraud, Suit Says
Citibank failed to stop scammers from absconding with $45 million from a real estate property transaction when it processed payment orders even after it detected name mismatches between the identified transaction beneficiary and the account holder, according to a lawsuit filed Friday in California federal court.Â
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August 04, 2025
Firms Not Covered In Ford's $100M RICO Suit, Insurer Says
An insurer said it has no duty to defend or indemnify law firms and attorneys accused of running a billing scheme that defrauded Ford out of more than $100 million, telling a California federal court that the suit doesn't involve a claim arising out of the performance of legal services.
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August 04, 2025
Nurse Agrees To Repay $614K For False Claims In Conn.
A nurse who owned a medication management business and two Connecticut residential care homes agreed on Monday to settle state and federal False Claims Act allegations for $614,000, ending allegations that he billed Medicare and Medicaid impossible daily hours and for clients that were hospitalized or dead.
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August 04, 2025
DC Circ. Backs FBI Agent's Bribery Sentence
The D.C. Circuit Court has affirmed a former FBI special agent's two-year sentence for taking a bribe in connection with a property-buying scheme, finding that he accepted at least $6,500 from a real estate developer in exchange for illegally sharing information from a protected database to which the FBI subscribed.
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August 04, 2025
NY Atty Found Guilty Of Duping Lender Who Backed Lien Biz
A Manhattan federal jury on Monday convicted a former compliance lawyer of pilfering from a $20 million line of credit extended to his tax-lien business by a subsidiary of Emigrant Bank.
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August 04, 2025
Mass. Ambulance Cos. Settle State FCA Allegations For $6M
Two Massachusetts ambulance companies have agreed to pay $6 million to settle allegations that they "upcoded" claims to the state's Medicaid program, MassHealth, billed it for unnecessary services, and committed other False Claims Act violations, the state attorney general's office announced Monday.
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August 04, 2025
Funeral Home Owner Pleads Guilty To Fraud, Again
For the second time, an owner of a southern Colorado funeral home pled guilty on Monday in connection to claims that her company illegally stored nearly 200 decaying bodies and committed more than $1 million in fraud.
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August 04, 2025
Plaintiff Bar Urges FINRA To Reject Industry's Arbitration Recs
The Public Investors Advocate Bar Association on Monday urged the Financial Industry Regulatory Authority to reject industry recommendations to loosen its arbitration rules, calling on the brokerage industry regulator to "resist pressure from industry groups seeking to dilute hard-won safeguards."
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August 04, 2025
Feds Get 2nd Crack At Regeneron FCA Case After Key Ruling
The government may pursue an alternate theory of its False Claims Act kickback case against Regeneron Pharmaceuticals Inc. and try again for a pretrial win after a First Circuit ruling created a "critical shift" in the law, a Massachusetts federal judge said Monday.
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August 04, 2025
Ex-CNBC Pundit Gets 5 Years For $2.7M Investor Fraud
A California federal judge sentenced former frequent CNBC guest James Arthur McDonald Jr. to five years in prison Monday for defrauding investors out of at least $2.7 million after he admitted he "betrayed" some of his close friends as part of his scam.
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August 04, 2025
FinCEN Urges Industry To Stay 'Vigilant' On Crypto ATM Fraud
The U.S. Department of the Treasury's Financial Crimes Enforcement Network on Monday cautioned about rising fraud involving crypto ATMs, saying criminals are increasingly using the kiosks to launder money and scam vulnerable consumers, especially seniors.
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August 04, 2025
Connecticut Justices Say Atty Due Extra $300K For ID Theft
The Connecticut Supreme Court ruled on Monday that an attorney whose identity was stolen by scammers can receive punitive damages under the state's unfair trade practices statute in addition to a separate award of treble damages under a different law, holding that a lower court misjudged the allowable recovery.
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August 04, 2025
UBS To Pay DOJ $300M To Settle Inherited Credit Suisse Case
Swiss bank UBS said Monday it has agreed to pay the U.S. Department of Justice $300 million to settle outstanding obligations inherited from the mortgage-backed securities business of Credit Suisse, the lender it acquired in 2023.
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August 01, 2025
NJ Court Will Mull Legality Of Habba's US Atty Appointment
If Alina Habba was illegally appointed acting U.S. attorney in New Jersey, a pair of defendants in a drug trafficking case are not entitled to dismissal of the indictment, but it "appears appropriate" that Habba would be barred from prosecuting them, a federal judge ruled Friday.
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August 01, 2025
Oppenheimer Says OFAC Is Looking Into Its AML Policies
Wall Street brokerage and investment bank Oppenheimer Holdings Inc. said Friday that the U.S. Department of the Treasury's sanctions arm is investigating its anti-money laundering compliance program.
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August 01, 2025
Right-Wing Duo Cop To Robocall Voter Suppression Charges
Two Virginia-based right-wing activists accepted a plea on felony charges on Friday for leading a misinformation robocall campaign that discouraged Black voters from voting by mail in the 2020 election, the Michigan attorney general's office announced.
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August 01, 2025
Ga. Man Faces 170 Years In Prison For $3.4M Tax Fraud
A Georgia man was convicted of filing fraudulent tax returns and claiming a $3.4 million tax refund from the Internal Revenue Service, crimes that could bring 170 years in prison, federal prosecutors said.
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August 01, 2025
Feds Won't Retry Madigan Co-Defendant After Mistrial
Prosecutors asked an Illinois federal judge on Friday to dismiss charges against ex-Illinois House Speaker Michael Madigan's longtime confidant Michael McClain after a jury was unable to reach a decision on the counts against McClain when the pair were tried together.
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August 01, 2025
Atty Seeks To End Malpractice Suit Over SEC Fraud Case
A New York lawyer is seeking a quick win on malpractice claims brought in Florida federal court by a former client who says she improperly advised him to sign a consent decree with the U.S. Securities and Exchange Commission that resulted in a $12.1 million disgorgement judgment, arguing the client's subsequent guilty plea defeats the claims.
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August 01, 2025
DC Panel Calls For Former DOJ Official Clark's Disbarment
The majority of a Washington, D.C., lawyer ethics panel has called for the disbarment of Jeffrey Clark, a White House official and ally of President Donald Trump, over his efforts to overturn the 2020 presidential election.
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August 01, 2025
Ex-Bank GC Must Pay $2.5M Fraud Restitution By Oct. 1
A former Webster Bank general counsel who pled guilty to bank fraud must pay by Oct. 1 the remaining $2.5 million he owes in restitution, a federal judge has ruled, finding that the man's bank accounts and securities are enough to cover the difference.
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July 31, 2025
Fed Joins In Letting Banks Use Third-Party Customer ID Info
The Federal Reserve on Thursday relaxed a post-Sept. 11 identity check rule for banks under its oversight, joining other federal financial regulators in allowing the use of certain information provided by third-party sources.
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July 31, 2025
GOP Bill Would Give President More Power Over US Atty Picks
The Trump administration has used maneuvers to keep interim U.S. attorneys in place beyond their statutory time limit, which detractors say subverts the Senate's advice and consent role. A bill that two Republican senators introduced on Thursday would shift more power over the process to the president.
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July 31, 2025
Anadarko Asks 5th Circ. To Back La. Suit Indemnity Win
Anadarko Petroleum Corp. has asked the Fifth Circuit to uphold its indemnification win against an environmental remediation company in connection with a decade-old Louisiana kickback suit, writing that "one who makes his own bed must lie in it."
Expert Analysis
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Series
Law School's Missed Lessons: Practicing Self-Care
Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.
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ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'
The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.
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3rd-Party Audit Tactics To Improve Export Control Compliance
Companies should take a strategic approach to third-party audits in response to the Trump administration's ramp-up of export control enforcement with steps that strengthen their ability to identify the control weaknesses of distributors, dealers and resellers, say Michael Huneke at Hughes Hubbard, and John Rademacher and Abby Williams at Secretariat Advisors.
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Evading DOJ Crosshairs As Data Security Open Season Starts
As the U.S. Department of Justice begins enforcing its new data security program — aimed at preventing foreign adversaries from accessing government-related and personal sensitive data — U.S. companies will need to understand the program’s contours and potential pitfalls to avoid potential civil liability or criminal scrutiny, say attorneys at Cohen & Gresser.
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How Trump Admin Treasury Policies Are Reaching Banks
The Treasury Department has emerged as an important facilitator of the Trump administration's financial policies affecting banks, which are now facing deregulation domestically and the use of international economic authorities in cross-border trade and investment, say attorneys at Davis Polk.
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Series
My Opera And Baseball Careers Make Me A Better Lawyer
Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.
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A Look At DOJ's Dropped Case Against Early Crypto Operator
The prosecution of an early crypto exchange operator over alleged unlicensed money transmission was recently dropped in Indiana federal court, showcasing that the U.S. Justice Department may be limiting the types of enforcement cases it will bring against digital asset firms, say attorneys at Greenberg Traurig.
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Policy Shifts Bring New Anti-Money Laundering Challenges
In the second half of 2025, the U.S. anti-money laundering regulatory landscape is poised for decisive shifts in enforcement priorities, compliance expectations and legislative developments — so investment advisers and other financial institutions should take steps to prepare for potential new obligations and areas of risk, say attorneys at Linklaters.
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8 Ways Lawyers Can Protect The Rule Of Law In Their Work
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.
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Kousisis Concurrence Maps FCA Defense To Anti-DEI Suits
Justice Clarence Thomas' recent concurrence in Kousisis v. U.S. lays out how federal funding recipients could use the high standard for materiality in government fraud cases to fight the U.S. Justice Department’s threatened False Claims Act suits against payees deviating from the administration’s anti-DEI policies, say attorneys at Miller & Chevalier.
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Is SEC Moving Away From Parallel Insider Trading Cases?
The U.S. Securities and Exchange Commission's apparent lack of follow-up in four recent criminal cases of insider trading brought by the Justice Department suggests the SEC may be reconsidering the expense and effort of bringing parallel civil charges for insider trading, say attorneys at Dentons.
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Series
Law School's Missed Lessons: Communicating With Clients
Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.
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Prepping For SEC's Changing Life Sciences Enforcement
By proactively addressing several risk areas, companies in the life sciences sector can position themselves to minimize potential exposure under the U.S. Securities and Exchange Commission's return to back-to-basics enforcement focused on insider trading and fraud, say attorneys at Morgan Lewis.
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Series
Adapting To Private Practice: From US Rep. To Boutique Firm
My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.
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Opinion
FCPA Shift Is A Good Start, But There's More DOJ Should Do
The U.S. Department of Justice’s new Foreign Corrupt Practices Act guidelines bring a needed course correction amid overexpansive enforcement, but there’s more the DOJ can do to provide additional clarity and predictability for global companies, say attorneys at Norton Rose.