Financial Fraud Law

Recent Posts

#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

JPMorgan’s $1.7 Billion Payment to Go to Madoff Victims
Posted on 7 Jan 2014 by Steven A. Meyerowitz

One of the very interesting aspects of the $2.05 billion settlement reached by J.P.Morgan Chase with federal prosecutors over the bank’s violation of the Bank Secrecy Act for failing to exercise proper oversight of Bernard Madoff’s business... Read More

Should Corrupt Politicians Keep Their Government Pensions? Manhattan US Attorney Says No
Posted on 18 Dec 2013 by Steven A. Meyerowitz

Suppose an elected government official is convicted of corruption. Should the official be able to receive his or her government pension – perhaps while in prison? Many people think not. Apparently, the U.S. Attorney for the Southern District of... Read More

Disability Doctor Peter J. Lesniewski Sentenced to 8 Years in Prison for His Role in Long Island Railroad Fraud
Posted on 25 Feb 2014 by Steven A. Meyerowitz

Peter J. Lesniewski, a Board-certified orthopedist, has been sentenced in Manhattan federal court to eight years in prison for his role in the alleged massive fraud scheme in which Long Island Railroad (LIRR) workers claimed to be disabled upon early... Read More

After Being Videotaped Practicing Jiujitsu, Defendant Gets 37 Months in Prison in LIRR Disability Fraud Case
Posted on 6 Mar 2014 by Steven A. Meyerowitz

Fred Catalano, a former maintenance foreman for the Long Island Rail Road who was convicted for his role in a massive disability insurance fraud insurance scheme after jurors saw a videotape of him practicing jiujitsu after he had retired on disability... Read More

Liying Lin Found Guilty of Immigration Fraud Offenses
Posted on 28 Feb 2014 by Steven A. Meyerowitz

Liying Lin, a/k/a “the Deacon,” has been found guilty in Manhattan federal court of one count of conspiracy to commit immigration fraud and two counts of immigration fraud. Lin was convicted after a seven day jury trial presided over by U... Read More

4 Keys to JPMorgan’s Expected Madoff Deal
Posted on 7 Jan 2014 by Steven A. Meyerowitz

Here are the four key elements of JPMorgan Chase’s likely settlement with federal prosecutors over charges against the bank relating to the Bernard Madoff Ponzi scheme: The bank will pay $2 billion to settle civil charges and criminal charges... Read More

JPMorgan Admits Violation of the Bank Secrecy Act for Failed Madoff Oversight
Posted on 7 Jan 2014 by Steven A. Meyerowitz

J.P.Morgan Chase Bank, N.A., has admitted that it willfully violated the Bank Secrecy Act (BSA) by failing to report suspicious transactions arising out of Bernard Madoff’s decades-long, multi-billion dollar fraudulent Ponzi scheme. The bank... Read More

Madoff Victims Get More Time to File Claims with Fed’s Madoff Victim Fund
Posted on 24 Feb 2014 by Steven A. Meyerowitz

The deadline for filing claims with the federal Madoff Victim Fund (the “MVF”) has been extended to April 30, 2014. This extension was recommended by Special Master Richard C. Breeden, who is administering the MVF on behalf of the Department... Read More

‘Cheating’ Mathew Martoma Now a ‘Convicted Felon,’ Preet Bharara Says
Posted on 6 Feb 2014 by Steven A. Meyerowitz

U.S. Attorney Preet Bharara (pictured) issued a statement following the conviction of Mathew Martoma for insider trading that is worth reading: “As the jury unanimously found, Mathew Martoma cultivated and purchased the confidence of doctors... Read More

Sequestration May Lead to Increase in Financial Fraud and Other Crimes, Preet Bharara Warns
Posted on 3 Dec 2013 by Steven A. Meyerowitz

The U.S. Attorney for the Southern District of New York, Preet Bharara, knows about prosecuting financial fraud, and other federal crimes. So, when he warns that sequestration is severely harming the ability of his office to meet its mission, we all should... Read More