Financial Fraud Law

Recent Posts

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

‘SpyEye’ Creator Pleads Guilty to Conspiracy to Commit Wire and Bank Fraud
Posted on 29 Jan 2014 by Steven A. Meyerowitz

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

$1 Billion High-Yield Investment Fraud Leads Three Investment Advisers to Prison
Posted on 25 Nov 2013 by Steven A. Meyerowitz

Three former investment advisers – William J. Ferry, a former stock broker and investment adviser; Dennis J. Clinton, a former real estate investment manager; and Paul R. Martin, a former senior vice president and managing director of Bankers Trust... Read More

‘Real Housewives of New Jersey’ Stars Plead Guilty to Conspiracy, Bankruptcy Fraud and Tax Crimes
Posted on 4 Mar 2014 by Steven A. Meyerowitz

Two of the stars of the Bravo TV show “The Real Housewives of New Jersey” have admitted committing a string of crimes as part of a long-running financial fraud conspiracy. Teresa Giudice, 41, and Giuseppe “Joe” Giudice, 43,... Read More

Quoting E-Mails, Government Charges 3 Former Rabobank Traders with Manipulating Yen Libor
Posted on 14 Jan 2014 by Steven A. Meyerowitz

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

Bridgestone to Plead Guilty to Price Fixing on Automobile Parts and Will Pay $425 Million Criminal Fine
Posted on 13 Feb 2014 by Steven A. Meyerowitz

Bridgestone Corp., a Tokyo, Japan-based company, has agreed to plead guilty and to pay a $425 million criminal fine for its role in a conspiracy to fix prices of automotive anti-vibration rubber parts installed in cars sold in the United States and elsewhere... Read More

4 from Dewey & LeBoeuf Indicted on Fraud and Grand Larceny Charges
Posted on 6 Mar 2014 by Steven A. Meyerowitz

Steven Davis, Stephen DiCarmine, and Joel Sanders – the former chairman, executive director, and chief financial officer at the now-bankrupt law firm Dewey & LeBoeuf LLP – have been indicted in Manhattan. Also indicted was Zachary Warren... Read More

Credit Union’s Ex-CEO Charged with Conspiracy to Commit Bank Fraud
Posted on 27 Jan 2014 by Steven A. Meyerowitz

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

Madoff Brother, Convicted and Jailed, Now is Disbarred
Posted on 19 Dec 2013 by Steven A. Meyerowitz

Peter Madoff – Bernard Madoff’s brother – has been disbarred. Just about five years to the day after Bernard Madoff’s Ponzi scheme came to light, just about one year to the day after Peter Madoff was sentenced to consecutive... Read More

Family that Commits Identity Theft Together Goes to Prison Together
Posted on 21 Feb 2014 by Steven A. Meyerowitz

Mary Young and her husband, Christian Young, and her son, Octavious Reeves, have been sentenced to prison for their involvement in a stolen identity refund fraud scheme. Mary Young was sentenced to serve 87 months in prison, Christian Young was sentenced... Read More

$28 Million of Silk Road’s Bitcoins Are Forfeited, US Attorney Says
Posted on 21 Jan 2014 by Steven A. Meyerowitz

Approximately 29,655 Bitcoins, worth approximately $28 million, that had been seized from the Silk Road server have been forfeited to the U.S. government in what federal prosecutors called the largest ever forfeiture of Bitcoins. Preet Bharara, the... Read More

Stamford Attorney Admits Role in $7 Million Mortgage Fraud Scheme
Posted on 19 Feb 2014 by Steven A. Meyerowitz

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

Bennington School’s Former President Sentenced to 18 Months in Federal Prison for Tax and Health Care Fraud
Posted on 11 Feb 2014 by Steven A. Meyerowitz

Matthew Merritt Jr., 82, of West Stockbridge, Massachusetts, has been sentenced to 18 months in federal prison after his guilty plea to charges that he engaged in a scheme to defraud a health care program and commit tax fraud. U.S. District Judge William... Read More