White Collar Crime

Slaughters brought in by SFO for multimillion-pound Tchenguiz claim

By Gerard Starkey | February 28, 2013

Slaughter and May has been instructed by the Serious Fraud Office (SFO) to defend it against claims totalling as much as £300m resulting from its failed investigation into businessmen and brothers Robert and Vincent Tchenguiz. The SFO today (28 February) confirmed the appointment of the magic circle firm, which comes after the collapse of the long-running investigation into the brothers for suspected impropriety in relation to the 2008 failure of Icelandic bank Kaupthing.

1 minute read

Ex-39 Essex Street QC handed three and a half year tax fraud sentence

By Alex Newman | February 26, 2013

Former 39 Essex Street QC Rohan Pershad has been jailed for three and a half years after being found guilty of tax fraud worth more than £600,000. The sentencing today (26 February) in court room five of Blackfriars Crown Court comes after clinical negligence specialist Pershad took silk just two years ago.

1 minute read

CC and Thomson Reuters team up for online anti-bribery training initiative

By Pui-Guan Man | February 20, 2013

Clifford Chance (CC) has teamed up with Thomson Reuters to launch an e-learning programme focusing on competition, antitrust, anti-corruption and anti-bribery. The joint initiative has seen the magic circle firm and the information provider work together to draw up online courses for financial services firms and corporates, which can be monitored on a real-time basis by HR and compliance staff.

1 minute read

39 Essex Street silk convicted of £600,000 tax fraud

By Alex Newman | February 11, 2013

39 Essex Street Chambers Rohan Pershad QC was today (11 February) found guilty of tax fraud worth more than £600,000 at Blackfriars Crown Court. Investigators at HM Revenue and Customs (HMRC) found that Pershad failed to declare or pay £627,839 of VAT over a period of 12 years, instead spending the cash on luxury homes and private school fees for his children.

1 minute read

Ex-Ince partner handed jail term of almost five years after fraud probe

By Gerard Starkey | February 7, 2013

Former Ince & Co partner Andrew Iyer has been jailed for four years and eight months following allegations of fraud involving millions of pounds of client money. Iyer, who was sentenced today (7 February) at the Old Bailey, resigned from Ince in July 2010 following a period of suspension for "irregular financial behaviour".

1 minute read

Libor's long tail – lawyers jostle as bank scandals spread through the market

By Alex Newman | January 17, 2013

The new year may be a time to start afresh, but the Libor scandal that dominated business headlines in the second half of 2012 is – for advisers – showing no signs of abating. At Clifford Chance (CC), the news that its client Royal Bank of Scotland (RBS) is in the final stages of a settlement with US and UK regulators over its alleged Libor role means the firm's regulatory lawyers will have had a busy start to 2013.

1 minute read

Debevoise takes Rolls-Royce role on SFO bribery and corruption probe

By Alex Newman | December 10, 2012

Debevoise & Plimpton is advising Rolls-Royce on a probe by the Serious Fraud Office (SFO) into bribery and corruption allegations involving intermediaries in overseas markets. Last week the company confirmed it had passed on information to the SFO regarding alleged malpractice in Indonesia, China and other countries.

1 minute read

Pinsents leads on £5.6m settlement in Bribery Act self-reporting first

By Alex Newman | November 28, 2012

Pinsent Masons has advised on a £5.6m Bribery Act settlement by a Scottish drilling company, in the first case involving self-reporting by a company under the new legislation. The settlement comes after oil and gas services company Abbot Group this July admitted to Scotland's Crown Office and Procurator Fiscal Service (COPFS) that it had benefited from corrupt payments made in connection with a contract between 2006 and 2007, entered into by one of its overseas subsidiaries and an overseas oil and gas company.

1 minute read

All locked up - how large organisations tackle white collar crime

By Legal Week | November 27, 2012

This Legal Week Benchmarker study on white collar crime, in association with Kingsley Napley, found regulatory issues are still a bugbear for many. Neasa MacErlean delves into the detail...

1 minute read

Keoghs set to take on 17-strong insurance fraud team from Clydes in Manchester

By Gerard Starkey | November 19, 2012

Keoghs is poised to take on a team of around 17 insurance fraud fee-earners from Clyde & Co led by former Manchester fraud head Damian Ward, who quit the firm this summer. The team, which is expected to transfer over in the New Year, will join up with former Clydes Manchester head Dene Rowe after he joined Keoghs in June.

1 minute read

The Recorder

Defense Attorneys Question Value of Voluntary Self-Disclosure With SEC, DOJ

By Alaina Lancaster | May 24, 2023

Jessica Chan, senior director of government investigations and special matters and litigation at Uber Technologies Inc., said based on her review of the SEC's 2022 year-end report, that "even if a company does everything it can, it may still have a shot at no penalties but will still be charged."

6 minute read

The Recorder

Milbank Trial Lawyer Jumps to Jenner & Block in LA

By Jessie Yount | May 24, 2023

Alex Romain is the second litigation partner to join Jenner in California in 2023.

3 minute read

New York Law Journal

Fintech Startup Founder Charlie Javice Pleads Not Guilty to Fraud in $175 Million JPMorgan Acquisition Case

By Jane Wester | May 22, 2023

Javice appeared by video alongside her attorney Alex Spiro of Quinn Emanuel Urquhart & Sullivan. The four-count indictment charges her with conspiracy to commit bank and wire fraud along with separate charges of bank, wire and securities fraud.

2 minute read

New York Law Journal

George Santos: Presumed Innocent?

By Elliott B. Jacobson | May 19, 2023

Santos has already conceded that he committed theft and that he fabricated significant aspects of his resume, the very resume upon which donors relied when contributing to his campaign and upon which voters relied when casting their ballots for him, a former prosecutor writes.

7 minute read

New York Law Journal

Consumer Financial Protection Bureau Doubles Down on Abusive Acts

By Matthew Biben and Jamie Dycus | May 19, 2023

A discussion on how the Consumer Financial Protection Bureau has doubled down on its aggressive approach to bringing enforcement actions that challenge allegedly abusive acts and practices.

10 minute read

Connecticut Law Tribune

Connecticut Lawyer Sentenced to Prison for Tax Evasion

By Emily Cousins | May 18, 2023

"A 40-year-old lawyer gets into booze, drugs and gambling, leaves his wife, ignores his clients, and destroys his law practice in pursuit of a hedonistic lifestyle," defense counsel said, describing the attorney's life as "almost a Netflix caricature."

3 minute read

Daily Business Review

5 Steps for Responding to an AG Investigation

By Jonathan K. Osborne | May 18, 2023

A consumer complains to the government or to the Better Business Bureau about the allegedly unfair practices of a business operating in Florida, leading to the government launching an investigation and contacting the company to seek compensation for alleged victims. This article provides five steps for responding to the OAG's "knock at the door" of your company.

6 minute read

The Recorder

Judge Orders Theranos' Holmes, Balwani to Pay $450M in Restitution

By Alaina Lancaster | May 16, 2023

U.S. District Judge Edward Davila's restitution order is about half the $877 million amount requested by federal prosecutors.

3 minute read

Daily Business Review

'Ground Zero for Fraud': Attorney of the Year Finalist Jason Kellogg Fights for Victims

By Alexander Lugo | May 12, 2023

"It's just a very rewarding feeling. ... It makes doing this kind of work easy."

3 minute read

New York Law Journal

'Extraordinary' George Santos Indictment Signals New Frontier for DOJ Anti-Fraud Statutes, Campaign Finance Expert Says

By Jane Wester | May 12, 2023

Santos' need to mount multiple defenses to the various schemes will present challenges for his defense team.

4 minute read