Banking & Finance
Ex-Big Law Partner Found Guilty in Cryptocurrency Fraud Trial
News
The former Locke Lord partner was one of the defendants in a lawsuit targeting individuals involved in the fraudulent cryptocurrency scheme OneCoin.
Trump Tax Return Case Confronts Supreme Court With a Momentous Choice
News
The court can agree to hear the case and rule by June, or it simply can deny review, leaving in place the appeals court ruling and effectively requiring Trump’s accountants to turn over his tax returns.
Former Woodbridge Group CEO Gets 25 Years in $1.3-Billion Fraud
News
Shapiro lured investors with promises of returns as high as 10 percent from investments in loans to property developers.
Lawyer Found Guilty of Defrauding Virginia Legislator, Autism Group
News
David Miller was found guilty of conspiring with his wife to embezzle more than $1.5 million by creating fake law firms that siphoned funds.
Peter Idziak Joins Polunsky Beitel Green
News
Attorney Peter Idziak, who practices in residential mortgage lending, has joined the Dallas office of Texas-based Polunsky Beitel Green, LLP.
Repeat Offenders: Corporate Misdeeds Often Settled With Deferred Prosecution Agreements
News
The number of cases brought against corporations fell to 99 last year, compared with 181 in 2015.
Report: SC Law Firm Allegedly Helped to Cheat Veterans Out of Millions of Dollars
News
The Upstate Law Group, owned by Candy Kern-Fuller, allegedly worked with a network of salesmen to lure in cash-strapped veterans.
Ex-Wall Street Banker Guilty in Second Insider Trading Trial
News
A former Wall Street investment banker was found guilty of insider trading for passing tips about healthcare industry mergers to his father.
3 JPMorgan Traders Accused of Rigging Futures Trades for Nearly a Decade
News
The charges outlined in the criminal indictments were the latest turn in a years-long investigation that has previously yielded guilty pleas from traders at several banks.
$98M BBVA Compass Bank Fraud Verdict Inducted in VerdictSearch Hall of Fame
News
A $98 million verdict secured by Boyd, Powers & Williamson has been inducted into the VerdictSearch Texas Verdicts Hall of Fame.
Struggling Law Firms May Face Dissolution Risk in Recession
News
Law firms should be “battening down the hatches” now and looking at the profitability of different practices.
Biglaw Firm Accused of Tax Error That Could Cost Bankers Millions, Report Says
News
The case involves an allegedly missed deadline for routine paperwork, according to sources and a report Weil commissioned on the matter, the NY Post reports.
Texas-Based Company Fires General Counsel, Dismisses CEO Amid SEC Probe
News
The SEC is investigating Houston-based SAExploration Holdings for allegedly providing “material misstatements” and misleading financial information to its investors.
Seventh Circuit Guts FTC’s Powers — Setting up Supreme Court Showdown
News
The case involves a lower court’s imposition of $5 million in restitution from the target of an FTC action.
LIBOR Phase-Out: Considerations for Oil & Gas Companies
Insight
Oil and gas companies are encouraged to consider the impact of the phase-out to their organization and take steps to assess existing agreements and carefully monitor the execution of new agreements.
Private Equity: The Little-Regarded Confidentiality Agreement
Insight
Global Private Equity Watch discusses a case that distinguishes between affiliates entitled by the non-disclosure agreement that are entitled to receive confidential information and affiliates actually bound by the agreement.
Whistleblower Alleges General Electric Shielding Losses: ‘Bigger Fraud Than Enron’
News
GE chief executive Lawrence Culp responded that the allegation is “market manipulation — pure and simple.”
Fifth Third Bank May Hold Attorney Personally Liable for Fraud
News
Bloomberg Law reports that Fifth Third Mortgage Co. beat an appeal by an attorney found personally liable for his role in a mortgage fraud scheme.
Typical 1031 Exchange Agreements
Insight
A post on the website of Mackay, Caswell & Callahan discusses the basics of drafting contracts associated with Section 1031 exchanges.
Former Bank GC Indefinitely Suspended Following Fraud Guilty Plea
News
Gregory Joseph St. Angelo had pleaded guilty to a federal charge of conspiracy to commit bank fraud after the former general counsel reached a plea agreement with the U.S. Attorney’s Office.
