Financial Fraud Law

Recent Posts

Final Four in Financial Fraud Law’s Top 10 of the Year Is Coming Next Week!
Posted on 27 Dec 2013 by Steven A. Meyerowitz

The Financial Fraud Law Blog Top 10 countdown is nearing conclusion. You already have seen our picks for #10 down through #5, which we summarize below. Stay tuned for the final four picks, coming right after the New Year! We wish all of the readers... Read More

New Jersey Mayors and Corruption: The Answers to the Financial Fraud Law Quiz
Posted on 10 Feb 2014 by Steven A. Meyerowitz

Earlier today, in our Financial Fraud Law Quiz, we asked you to identify the communities in New Jersey that have had mayors convicted or have had mayors who have pleaded guilty in corruption cases. We limited it to this century, and we started you off... 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

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

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

Head of Country’s Largest Bank Apologizes over Corruption Allegations. Oh, the Country is South Korea
Posted on 2 Dec 2013 by Steven A. Meyerowitz

What does the chief executive officer of the largest bank in the country do when the bank is facing charges of corruption and it determines that there is some validity to the charges? He admits wrongdoing and bows deeply in apology. At least, the CEO... Read More

Who’s Your Anti-Corruption Hero?
Posted on 18 Mar 2014 by Steven A. Meyerowitz

The global anti-corruption organization Transparency International now is accepting nominations for its 2014 Integrity Awards. Launched in 2000, the awards recognize the courage and determination of individuals and groups taking remarkable steps to combat... Read More

Singapore Executive is Second to Plead Guilty in International Navy Corruption Scandal
Posted on 19 Mar 2014 by Steven A. Meyerowitz

Alex Wisidagama, a former executive with Glenn Defense Marine Asia (GDMA), has pleaded guilty to participating in a scheme to defraud the United States, admitting that he and others duped the U.S. Navy into overpaying by at least $20 million for supplies... 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

For Whom the Bell Tolls: City’s Former Chief Administrative Officer to Plead Guilty to Conspiracy and Tax Charges
Posted on 16 Dec 2013 by Steven A. Meyerowitz

Robert A. Rizzo, who for years was the top administrator in the California city of Bell and who became a symbol of municipal corruption, has agreed to plead guilty to federal charges in a scheme that resulted in hundreds of thousands of dollars in unpaid... Read More

#9 in Financial Fraud Law for The Year Is…
Posted on 20 Dec 2013 by Steven A. Meyerowitz

It was not all that difficult to begin our countdown of the Top 10 in Financial Fraud Law for the year with overseas bank accounts . So, we here at the Financial Fraud Law Blog thought, after we made that decision, that at least the next few “winners”... Read More

Cigar Boxes Held Bribes for Bank Manager
Posted on 26 Nov 2013 by Steven A. Meyerowitz

For Wilbur Tate III, a former officer of U.S. Bank in Ohio, the bribes started with expensive cigars. Then, he received cigar boxes that were stuffed with money. Now, Tate has pleaded guilty to receiving bribes while he was employed at the bank. Tate... Read More

Chris Christie Facing Federal Inquiry into Funding for Superstorm Sandy Ads that Featured Him
Posted on 13 Jan 2014 by Steven A. Meyerowitz

The Office of the Inspector General at the U.S. Department of Housing and Urban Development (HUD) will audit the State of New Jersey’s use of $25 million of Sandy aid funds for a marketing campaign to promote tourism at the Jersey Shore. At issue... Read More

US Government Sues Kellogg, Brown & Root Services, Alleging Kickbacks and False Claims Relating to Iraq Support Services Contract
Posted on 27 Jan 2014 by Steven A. Meyerowitz

The U.S. government has filed a complaint against Kellogg, Brown & Root Services Inc. (KBR) and Kuwaiti companies La Nouvelle General Trading & Contracting Co. and First Kuwaiti Trading Co. for allegedly submitting false claims in connection with... Read More

Tennessee Mayor Gambled, and Lost Big
Posted on 10 Jan 2014 by Steven A. Meyerowitz

A former mayor of South Pittsburg, Tennessee, has been sentenced to prison for managing an illegal gambling business. Former South Pittsburg Mayor James Michael Killian was sentenced by U.S. District Judge Curtis L. Collier in the Eastern District... Read More