Financial Fraud Law

Recent Posts

As Fifth Anniversary of Madoff Collapse Approaches, New ‘Investor Protection’ Bill Is Introduced in Congress
Posted on 18 Nov 2013 by Steven A. Meyerowitz

As we approach the fifth anniversary of the collapse of the massive multi-billion dollar Bernard Madoff Ponzi scheme, a bipartisan bill has been introduced in the House of Representatives that would address one of the issues that seemed to most rankle... Read More

Charged with Selling Billions of Shares of Unregistered Stock, Penny Stock Financier to Pay $1.4 Million
Posted on 26 Nov 2013 by Steven A. Meyerowitz

A New York-based penny stock financier and his firms have settled charges that they violated the federal securities laws when they purchased billions of shares in a pair of microcap companies and failed to register them before they were re-sold to investors... Read More

Financial Fraud Prosecutor Jillian B. Berman Joins Levine Lee in New York City
Posted on 17 Jan 2014 by Steven A. Meyerowitz

Jillian B. Berman, who served for nine years as an Assistant U.S. Attorney at the U.S. Attorney’s Office for the Southern District of New York, has become a partner at Levine Lee LLP in New York City. As an Assistant U.S. Attorney, Berman directed... Read More

Prosecutors’ Rush to Join Private Law Firms Accelerates
Posted on 30 Jan 2014 by Steven A. Meyerowitz

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

Former Assistant U.S. Attorney David Massey, Who Prosecuted Swiss Bank, Joins Richards Kibbe & Orbe
Posted on 16 Dec 2013 by Steven A. Meyerowitz

David B. Massey, a former Assistant U.S. Attorney for the Southern District of New York, has joined the New York office of Richards Kibbe & Orbe LLP as a partner. Massey worked in the U.S. Attorney’s criminal division in Manhattan from 2004... Read More

Not Dead: Former Bank Director Aubrey Lee Price. But, Under Arrest
Posted on 6 Jan 2014 by Steven A. Meyerowitz

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

Accountant from Jal Sentenced to Prison, on Fraud and Identity Theft Convictions
Posted on 10 Feb 2014 by Steven A. Meyerowitz

Roger L. Baeza, an accountant from Jal, New Mexico, has been sentenced to 61 months in federal prison, followed by three years of supervised release, for his conviction on securities fraud, access device fraud, and aggravated identity theft charges. Baeza... 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

Law Clerk and Stockbroker Charged with Trading on Inside Information Stolen from Prominent New York Law Firm
Posted on 19 Mar 2014 by Steven A. Meyerowitz

The managing clerk of the New York office of Simpson Thacher & Bartlett LLP – a prominent, international law firm – and a professional stockbroker who worked at Oppenheimer & Co. and Morgan Stanley have been arrested and charged with... Read More

Millions of Hidden Stock Trades About To Be Revealed
Posted on 5 Dec 2013 by Steven A. Meyerowitz

Millions of previously hidden U.S. stock trades will be revealed for the first time on Monday December 9. Previously, odd lots, which are trades of fewer than 100 shares, have not been revealed on the publicly available “consolidated tape,”... Read More

3 Key Takeaways from Securities Class Action Filings Report
Posted on 29 Jan 2014 by Steven A. Meyerowitz

Once again, Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse have prepared an annual report on the securities class action filings. And, once again, the report, Securities Class Action Filings—2013 Year in Review... Read More

Federal Prosecutor Matthew Axelrod Joins Plaintiffs’ Law Firm, Cohen Milstein Sellers & Toll
Posted on 16 Dec 2013 by Steven A. Meyerowitz

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

Trial Lawyer John P. “Sean” Coffey Joins Kramer Levin
Posted on 4 Dec 2013 by Steven A. Meyerowitz

Trial lawyer John P. “Sean” Coffey has joined Kramer Levin Naftalis & Frankel LLP as a partner in the firm’s New York office, where he will serve as the chair of complex litigation. As co-managing partner of the plaintiffs’... Read More

2 Brokers Barred by FINRA for Allegedly Stealing $300,000 from Elderly Widow, with Diminished Mental Capacity
Posted on 5 Dec 2013 by Steven A. Meyerowitz

The Financial Industry Regulatory Authority (FINRA) has barred brokers Fernando L. Arevalo and Jimmy E. Caballero from the securities industry for allegedly converting approximately $300,000 from an elderly widow with diminished mental capacity and for... Read More