Financial Fraud Law

Recent Posts

BREAKING NEWS: Jury Convicts Martoma in One of Largest Insider Trading Cases Ever
Posted on 6 Feb 2014 by Steven A. Meyerowitz

A federal jury in Manhattan has convicted Mathew Martoma of SAC Capital Advisors LP of insider trading in what prosecutors have characterized as one of the largest insider trading schemes in history. More to follow… Contact the author at... Read More

How Bad is Public Corruption in Northern Virginia? Apparently Bad Enough for the FBI to Seek the Public’s Help
Posted on 19 Feb 2014 by Steven A. Meyerowitz

We know that the former governor of Virginia and his wife have been charged with corruption , and that Virginia was one of a handful of states to get an "F" in a corruption study , but how bad, really, is corruption here? Apparently, this... Read More

More Accurate Estimates of Financial Fraud Are Needed, Stanford Study Contends
Posted on 17 Dec 2013 by Steven A. Meyerowitz

We know that financial fraud is a problem – and a growing problem. We know about many kinds of financial fraud. We know many of the ways that financial fraud takes place. But, according to a new study from the Stanford Center on Longevity, we do... Read More

This US Official Is Appearing Tonight on Jeopardy! Who is ….?
Posted on 5 Feb 2014 by Steven A. Meyerowitz

He is the former Attorney General of Ohio and he now serves as director of the Consumer Financial Protection Bureau. He tamed Jeopardy! nearly three decades ago as a five time winner, and is back on the show this evening as part of the “Battle of... Read More

China’s Top Leaders Have Secret Offshore Accounts, ICIJ Reports
Posted on 23 Jan 2014 by Steven A. Meyerowitz

Close relatives of China’s top leaders have secret offshore companies in tax havens that help shroud the Communist elite’s wealth, according to the International Consortium of Investigative Journalists. The group said it based its findings... Read More

How a Brokerage Firm’s Ex-CFO Stole $1 Million
Posted on 25 Nov 2013 by Steven A. Meyerowitz

The former chief financial officer of the Manhattan-based brokerage firm Needham & Co. has admitted that he stole $1 million from his former employer through an elaborate false invoicing scheme. Glen W. Albanese pleaded guilty before U.S. District... Read More

‘Pennies for Charity’ Report Finds that Bulk of Donations to Charity Telemarketers Go Into Their Pockets, Not Those in Need
Posted on 27 Feb 2014 by Steven A. Meyerowitz

The new “Pennies for Charity” report issued by New York State Attorney General Eric T. Schneiderman shows that for-profit telemarketers operating in New York in 2012 retained the lion’s share of donations they raised on behalf of charities... Read More

Largest Disadvantaged Business Enterprise Fraud in US History Leads to Prison
Posted on 15 Jan 2014 by Steven A. Meyerowitz

The largest Disadvantaged Business Enterprise (DBE) fraud in US history, according to the U.S. Department of Transportation (USDOT), has led to prison terms for Dennis F. Campbell and Timothy G. Hubler. Campbell, the former vice president in charge... Read More

Nevada Reaches Its Own Settlement Over Alleged “Robosigning" Mortgage Charges
Posted on 20 Feb 2014 by Steven A. Meyerowitz

Nevada has reached a settlement with Lender Processing Services, Inc. (“LPS”), now known as Black Knight Financial Services, over allegations of the alleged “robosigning” of mortgage documents. The settlement resolves the state’s... Read More

Least Corrupt Country in the World Is … Not the United States
Posted on 4 Dec 2013 by Steven A. Meyerowitz

The Transparency International Secretariat in Berlin has released its annual Corruption Perceptions Index. The Index ranks the public sector of 177 countries across the world according to perception of corruption. This year, New Zealand ties with Denmark... Read More

Law Professors Bebchuk and Jackson Bemoan SEC’s Delay in Considering Corporate Political Spending Disclosure Rules
Posted on 2 Dec 2013 by Steven A. Meyerowitz

Expressing disappointment that the Securities and Exchange Commission no longer is scheduled to consider whether to adopt rules that would require public companies to disclose their political spending, Harvard Law School Professor Lucian Bebchuk and Columbia... Read More

New York City Settles Whistleblower Suit Over Medicaid Claims for Psychological Services for Special Education Students
Posted on 15 Jan 2014 by Steven A. Meyerowitz

The federal government and the City of New York have settled the case of Ohlmeyer ex rel. United States of America v. City of New York , a whistleblower action brought pursuant to the qui tam provisions of the federal False Claims Act. In its civil... Read More

Banks’ Challenge to Interest-Reporting Regulations Targeting Offshore Tax Avoidance is Rejected
Posted on 14 Jan 2014 by Steven A. Meyerowitz

The U.S. District Court for the District of Columbia has dismissed a challenge filed by the Florida Bankers Association and the Texas Bankers Association to the 2012 amendments to the Department of the Treasury’s interest-reporting regulations.... Read More

Robert Anderson, Jr., Named to Lead FBI’s Criminal, Cyber, Response, and Services Branch
Posted on 11 Mar 2014 by Steven A. Meyerowitz

Robert Anderson, Jr., has been named the executive assistant director of the Criminal, Cyber, Response, and Services Branch at FBI Headquarters. In this role, he will be responsible for all criminal and cyber investigations worldwide, as well as international... Read More

#1 in Financial Fraud Law: US Attorney Preet Bharara
Posted on 3 Jan 2014 by Steven A. Meyerowitz

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