» Fraud
Supreme Court Reins in Wire Fraud and Honest Services / Corruption Prosecutions Yet Ag
August 23rd, 2023
In May, the US Supreme Court issued another in a string of decisions that limit prosecutors from expanding federal fraud prosecutions beyond the scope intended by the statute. In Ciminelli v. US, the US Supreme Court continued its trend of finding th…
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Categories: Fraud
CEO Gets 44 Months for Massive Bond Fraud
May 1st, 2023
Michael Hild, the founder and former CEO of Live Well Financial, Inc., was sentenced in January to 44 months in prison for his role in orchestrating a $200 million bond fraud scheme. Live Well was a Virginia-based company that handled government-guar…
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Categories: Fraud
Sam Bankman-Fried Denies Fraud Charges
April 3rd, 2023
Sam Bankman-Fried, the 30-year-old co-founder of crypto-exchange FTX, was charged in December with multiple counts of securities fraud, wire fraud, conspiracy, money laundering, and violating campaign finance regulations. Federal prosecutors claim th…
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Categories: Fraud
Ex-Bulls Player Avoids Prison In NBA Healthcare Fraud Sentencing
January 31st, 2023
In October 2022, a New York federal judge sentenced former Chicago Bulls forward Eddie Robinson to time served for submitting fake claims to the NBA’s health plan. One of his co-defendants, a former guard for the Boston Celtics, Terrence Williams,…
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Categories: Fraud
Defense for Accountants Facing Fraud Charges
October 6th, 2022
Individuals and companies can both face criminal fraud charges. While companies charged with fraud face substantial fines, individuals accused of fraud could serve a lengthy prison sentence and face additional collateral consequences, including loss…
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Categories: Fraud
Can I Be Charged with EIDL Loan Fraud?
April 21st, 2022
Congress passed the CARES Act in March of 2020, providing billions of dollars in economic relief to help American businesses cope with hardships caused by the COVID-19 pandemic. As part of the CARES Act, the Economic Injury Disaster Loan (EIDL) Progr…
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False Statements on Tax Returns
March 31st, 2022
Filing a False Tax Return in Violation of 26 U.S.C. §7206 Under 26 U.S.C. §7206, it is a felony to willfully make false statements on a tax return or willfully aid or assist someone in filing a false tax return. The penalty for violating the statut…
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PPP Loan Fraud
March 15th, 2022
The Department of Justice is cooperating with the FBI, the IRS, and the U.S. Small Business Administration Office of Inspector General (SBA-OIG) to aggressively target CARES Act fraud cases, and specifically cases involving PPP loan fraud. Prosecutor…
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Choosing the Best Criminal Defense Lawyer
February 1st, 2022
It is important to know whether the person you choose will actually be handling your case at all stages of the proceedings. If a criminal case is in federal court, it is essential to have a lawyer who practices there regularly.
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Second Circuit Affirms Dismissal of Securities Fraud Claims
December 8th, 2021
In March 2021, the Second Circuit Court of Appeals clarified its application of Morrison v. National Australia Bank Ltd., a 2010 Supreme Court case that limited the application of Section 10(b) of the Securities Exchange Act to “transactions in sec…
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Categories: Fraud
