News & Blog
SEC Approves New Insider Trading Rules
April 3rd, 2023
In December 2022, the Securities and Exchange Commission (SEC) voted unanimously to adopt amendments to rule 10b5-1 of the Securities and Exchange Act of 1934. The changes are intended to address concerns about insider trading abuse by executives bas…
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Categories: Federal Law
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
Pfizer’s Supreme Court Appeal Over Anti-Kickback Lawsuit
April 3rd, 2023
In October 2022, Pfizer filed a petition with the United States Supreme Court seeking to overturn a decision regarding the anti-kickback lawsuit which prohibited Pfizer from providing financial assistance to Medicare beneficiaries to obtain Vyndaqel…
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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
SEC Sues California Attorney for Role in Ponzi Scheme
January 18th, 2023
In September, the U.S. Securities & Exchange Commission (SEC) sued California lawyer Ari J. Lauer in California’s Eastern District Court over his role in alleged violations of federal securities laws. The lawsuit accuses Lauer of assisting in a…
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Categories: White Collar Crimes
Elizabeth Holmes Will Not Receive New Trial Despite Alleged Government Misconduct
December 22nd, 2022
Elizabeth Holmes, once heralded as “the world’s youngest self-made female billionaire” and the “next Steve Jobs,” was convicted and sentenced to more than 11 years in prison, despite a motion for a new trial based on questions about whether…
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SEC Crypto Regulations
December 1st, 2022
As cryptocurrencies and other digital assets increase in popularity, questions will continue to arise as to which federal agency will be primarily responsible for regulating them. Because of the popularity of crypto and digital assets, the federal go…
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Categories: Federal Law
Spoliation of Evidence: Ephemeral Messaging
November 15th, 2022
Popular ephemeral messaging apps like Snapchat, Confide, Wickr, and Threema are changing the way we communicate. Unlike traditional text and messaging applications, these apps provide encryption, screenshot protection, data storage, and automatic con…
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Categories: Federal Law
False Statements Must Be Material In Order To Constitute A Crime
November 7th, 2022
A Maryland man sentenced to 32 months in prison had his conviction overturned because his false statements in a federal court case did not influence the judge’s decision. The appellate court found that, while the defendant’s conduct wasted public…
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Categories: Federal Law
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
