Former Pennsylvania State Senator Vince Fumo was convicted yesterday on all 137 corruption related charges in which he had been indicted. The Philadelphia Inquirer has a lengthy story regarding the verdict that can be found here. I am not surpised that umo was convicted, although I am slightly surprised that he was convicted on ALL [...]
Category Archives: White collar defense
Who Is More Dangerous?
The man on the right is Salim Ahmed Hamdan. He was Osama bin Laden’s driver. He was convicted of materially aiding terrorists. He was sentenced to 5 1/2 years in prison. The man on the left is Jamie Olis. He was an accountant for Dynergy Corp., and was convicted of materially aiding activities that were [...]
Bad News For Fumo
Another of State Senator Vice Fumo’s former aide’s has agreed to plead guilty and testify against their former boss. Looks like the rats are deserting the ship – with emphasis on the word rat. The Philly.com has the story:
In another blow to State Sen. Vincent J. Fumo, a computer technician who prosecutors said carried out [...]
Increased Criminalization of Business Practices No Bonus For Investors
That’s the general thesis of a very interesting article in the Winter 2008 issue of The City Journal. The criminalization of bad business decisions, previously dealt with in civil courts through claims for civil fraud or other liability theories, has been a troubling trend since the spectacular collapse of Enron. If recent reports concerning the [...]
Prosecutors Build Case Against Pellicano
The manager of a billion-dollar hedge fund, the billionaire head of a buyout firm, and the ex-wives of a television actor and a major real estate developer all will be crucial witnesses at the racketeering trial beginning next week for Anthony Pellicano, the infamous Hollywood private eye.The four will testify that they paid Mr. Pellicano [...]
NatWest 3 To Be Sentenced
Three British bankers are to be sentenced Friday for their roles in a fraudulent scheme involving collapsed U.S. energy company Enron.David Bermingham, Giles Darby and Gary Mulgrew each face up to five years in prison and a fine of up to $250,000.In November, the three men each pleaded guilty to one count of wire fraud [...]
Another View on Lord Black
In an earlier post I criticized the government’s case against Lord Conrad Black and labeled its prosecution a “jihad” against business. In the interest of being fair and balanced, I commend to you this post by Professor Bainbridge, which makes a cogent argument that Lord Black plundered his company and its shareholders.
Lord Black – Victim of the Government’s Anti-Business Jihad
As you likely know by now, Lord Conrad Black, former CEO of Hollinger International and owner of, among other media properties, The Chicago Sun Times and The National Post, was convicted last week on 3 counts of money laundering and 1 count of obstruction of justice. He was acquitted on the remaining 9 counts of [...]