When we here at the Financial Fraud Law Blog think about financial fraud law, it does not take long before we think about the U.S. Attorney for the Southern District of New York, Preet Bharara. In a little over four years as U.S. Attorney – following... Read More
Aleksandr Andreevich Panin, a Russian national also known as “Gribodemon” and “Harderman,” has pleaded guilty to conspiracy to commit wire and bank fraud for his role as the primary developer and distributor of the malicious software... Read More
William Leckey has been sentenced to 29 months of imprisonment, followed by three years of supervised release, for engaging in a fraud scheme that victimized financial institutions of more than $1.7 million. He previously had pleaded guilty to one count... Read More
The wave of financial fraud prosecutors joining private law firms is continuing – in fact, it appears to be accelerating. Consider that, in just the past couple of days, David Meister, who ran the enforcement unit at the Commodity Futures... Read More
Brian D. Bailey, a former officer for the Wilmington Trust Corporation, has been charged in a 14 count indictment with nine counts of bank fraud and one count each of conspiracy to commit bank fraud, conspiracy to commit bank bribery, corruptly receiving... Read More
Two decades ago, a group of enterprising criminals on multiple continents – led by a young computer programmer in St. Petersburg, Russia – hacked into the electronic systems of a major U.S. bank and secretly started stealing money. No mask... Read More
As the Financial Fraud Law Blog continues its countdown of the Top 10 in Financial Fraud Law for the year, we are going to begin with a clue: Bryan Cave. Give up? The clue is relevant to our Top 10 list because the international law firm has just... Read More
Aubrey Lee Price, a former director of Montgomery Bank & Trust (“MB&T”) in Ailey, Georgia, is not dead after all. Well more than a year ago, Price sent acquaintances a suicide note stating that he planned to kill himself by throwing... Read More
Two former Japanese Yen derivatives traders at Rabobank and the trader responsible for setting Rabobank’s Yen London InterBank Offered Rate (LIBOR) have been charged as part of the Justice Department’s ongoing criminal investigation into the... Read More
The former chief executive officer of Taupa Lithuanian Credit Union has been charged with engaging in a conspiracy that defrauded the credit union out of $15 million, some of which he used to build a home, obtain a luxury suite at Cleveland Browns games... Read More
Zahid and Riffat Ali, who have been wanted by federal authorities on bank fraud charges since 1996, are fugitives no longer. They surrendered to agents of the FBI at San Francisco International Airport after their flight from Pakistan arrived, and they... Read More
Most federal prosecutors who move to private law firms use their government experience in financial fraud cases such as white collar crime, securities fraud, bank fraud, and money laundering to become defense lawyers. Matthew S. Axelrod, one of the highest... Read More
First, he committed a multi-million dollar fraud involving the telemarketing of coins. Then, he was sentenced to 15 years in prison for that financial fraud. Now, he has been convicted of conspiring to murder the Assistant U.S. Attorney who prosecuted... Read More
Christopher Brecciano, an attorney in Stamford, Connecticut, has pleaded guilty in Bridgeport federal court to conspiring to defraud financial institutions through an extensive mortgage fraud scheme that involved dozens of Connecticut properties. According... Read More