2021

$16 Million Loans to Paul Manafort Lead to Bank CEO Convicted of Corruptly Soliciting Presidential Position

Audrey Strauss, the United States Attorney for the Southern District of New York, announced today that STEPHEN M. CALK was convicted of financial institution bribery and conspiracy to commit financial institution bribery, for corruptly using his position as the head of a federally-insured bank to issue millions of dollars in high-risk loans to Paul Manafort in exchange […]

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Eric Watson & Two Others Face Insider Trading Charges From SEC

Washington D.C., July 9, 2021 — Powered by LawFuel The Securities and Exchange Commission today charged three individuals with insider trading in advance of an announcement by Long Blockchain Company (formerly known as Long Island Iced Tea Co.) that it was going to “pivot” from its existing beverage business to blockchain technology, which caused the company’s

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Dark Web’s ‘The Bull’ Charged With Insider Trading Scheme

Apostolos Trovias, a/k/a “The Bull,” Used the Dark Web and Encrypted Messaging Services to Solicit, Offer, and Sell Inside Information             Audrey Strauss, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”),

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How UK-Based Law Firm’s Silicon Valley Move Is Paying Off Against US Rivals

Freshfields

It may be more usual for US law firms to steal a march on their City-based competitors in London, but for Freshfields’ their 2020 move to Silicon Valley and poaching of legal talent is paying off in terms of deals.   Reuters report that Freshfields’ July 2020 launch of their Silicon Valley office has seen

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Michael Avenatti ‘Weaponized Law License’ – Sentenced to Two Years’ Jail For Attempted Nike Extortion and Client Fraud

  Audrey Strauss, the United States Attorney for the Southern District of New York, announced that MICHAEL AVENATTI was sentenced today in Manhattan federal court by United States District Judge Paul G. Gardephe to 30 months in prison for attempting to extort NIKE, Inc., and for defrauding a client.  AVENATTI was previously found guilty on

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Disbarred Attorney Pleads Guilty to Securities Fraud Over Fraudulent Opinion Letter Scheme

  Audrey Strauss, the United States Attorney for the Southern District of New York, announced today that RICHARD RUBIN, a disbarred attorney, pled guilty in Manhattan federal court to securities fraud.  RUBIN’s guilty plea results from his involvement in a fraudulent scheme in which he falsely represented that he was a licensed attorney in signing

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Why Aren’t Twitter, Google & Facebook’s Lawyers Worried About Trump’s Lawsuit?

Donald Trump has started a class action lawsuit against Twitter, Google and Facebook, announced in a press conference on Wednesday and as a result of the tech companies banning or blocking him from posting on their networks.   “We’re asking the U.S. District Court for the Southern District of Florida to order an immediate halt

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