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11/13/2008
Patrick Harrington Sentenced
10/29/2008
Schulman Also Sentenced
33 Months Behind Bars for Mel Weiss? 4/07/2008
Suprema Big Cheese Gets 8 Years in Prison, $100 Million Fine
Another Enron Loose End Tied Up - The NatWest Three Sentenced
Ideoblog on the Lerach Sentencing
Lerach Sentencing A Sign of Class Action Clean Up
Prosecutors Seek Two year Term for Bill Lerach
PI Who Filed Bogus Docs in Cali Gets 5 Years
Quest's Nacchio Faces Fine, Jail Time
Quest's Nacchio Sentenced Today
Cendant Execs Skirt Jailtime
Patrick Harrington Sentenced
BLX baddie and Daily Caveat fave, Patrick Harrington has been sentenced to 10 years in prison for his role in perpetrating the largest loan fraud in the history of the Small Business Administration - more than $30 million.
Thanks to the tipster who pointed me to the Chicago Tribune article.
-- MDT
Thanks to the tipster who pointed me to the Chicago Tribune article.
-- MDT
Labels: BLX, Patrick Harrington, sentencing
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Schulman Also Sentenced
The last man on the hook for Milberg Weiss's plaintiff kickback scheme gets his own six months. Great re-cap of the sentencing of both Steve Schulman and David Bershad from The National Law Journal's Legal Pad.
--MDT
5/26/2008
--MDT
Labels: David Bershad, Milberg Weiss, sentencing, Steven Schulman
33 Months Behind Bars for Mel Weiss? 4/07/2008
Suprema Big Cheese Gets 8 Years in Prison, $100 Million Fine
Horrible pun. I humbly apologize and suggest that you check out details on the sentencing of former Surpema Specialties (um... they make cheese) CFO, Steven Venechanos right here.
Venchanos resigned from Suprema back in 2002 when it became clear that an Enron style scandal was engulfing the company. He was convicted on thirty eight counts of assorted criminality last April, with an eight year sentence and a $115 million dollar fine handed down this week.
You can also take a look back at the SEC complaint naming Venchanos and several Suprema cohorts, if you're interested.
-- MDT
2/24/2008
Venchanos resigned from Suprema back in 2002 when it became clear that an Enron style scandal was engulfing the company. He was convicted on thirty eight counts of assorted criminality last April, with an eight year sentence and a $115 million dollar fine handed down this week.
You can also take a look back at the SEC complaint naming Venchanos and several Suprema cohorts, if you're interested.
-- MDT
Labels: sentencing, Steven Venechanos, Suprema Specialites
Another Enron Loose End Tied Up - The NatWest Three Sentenced
You can read about the fates of Giles Darby, David Bermingham and Gary Mulgrew, bit players in the massive Enron fraud, right here.
-- MDT
2/12/2008
-- MDT
Labels: Enron, NatWest Three, sentencing
Ideoblog on the Lerach Sentencing
Mr. Ribstein is the thinking person's blogger on the subject of law and society. I encourage you to check out his comments on the Lerach sentencing.
--MDT
2/11/2008
--MDT
Labels: Bill Lerach, Ideoblog, Lerach, sentencing
Lerach Sentencing A Sign of Class Action Clean Up
Interesting comment from Stephen Bundy, professor of law art UC Berkeley: "What you're watching is a bit of a transition from a world in which class-action practice did have some disreputable aspects to a different model that's much more responsible, publicly oriented and closely regulated..."
More on the changing face of class action litigation, via the LA Times.
-- MDT
1/29/2008
More on the changing face of class action litigation, via the LA Times.
-- MDT
Labels: Bill Lerach, class action, securities, sentencing
Prosecutors Seek Two year Term for Bill Lerach
Sentencing recommendation: two years in the clink, $250,000 fine, two years probation. This in response to Lerach's prior guilty plea on one count of conspiracy to obstruct justice and make false statements. February 11th will tell the tale.
-- MDT
8/21/2007
-- MDT
Labels: Bill Lerach, kickbacks, Lerach, Milberg, sentencing
PI Who Filed Bogus Docs in Cali Gets 5 Years
Kathleen Culhane, a former PI based in California, made news a few months back when it was revealed that she had been forging documents, specifically the signatures of witnesses and jury members. Culhane was acting in a misguided effort to halt the execution of California inmates. For her trouble she has been sentenced to five years in prison.
-- MDT
7/30/2007
-- MDT
Labels: capital punishment, forged documents, Kathleen Culhane, sentencing
Quest's Nacchio Faces Fine, Jail Time
Quest's former CEO, Joe Nacchio, was sentenced on Friday in connection with his sell-off of $52 million in Quest stock while not disclosing to his companies investors that rough times were ahead. For what the judge in the case called "crimes of overarching greed" Nacchio was sentenced to six years in prison. He was also ordered to forfeit the $52 million within 15 days along with a $19 million fine. Still ahead for Nacchio is a civil suit against Quest executives that is scheduled to get going in 2009.
-- MDT
7/27/2007
-- MDT
Labels: corporate scandal, Joe Nacchio, Quest, sentencing
Quest's Nacchio Sentenced Today
And we'll be watching closely...not as closely though as the White Collar Crime Prof Blog's Peter Henning. You can read his comments here, with more sure to come.
-- MDT
1/30/2007
-- MDT
Labels: Joe Nacchio, sentencing
Cendant Execs Skirt Jailtime
Anne Pember and Casper Sabatino, both former Cendant financial execs received sentences this week based on their their prior pleas. Both were spared jailtime and instead received probation, two years apiece. Apparently they were quite contrite (and helpful to the prosecution). Another helpful fellow, former Cendant CFO, Cosmo Corigliano, is expected to be sentenced later this week. Look for another wrist slapping, as Corigliano was a key source for the prosecution.
-- MDT
-- MDT
Labels: Anne Pember, Caspar Sabatino, Cendant, Cosmo Corigliano, Fraud, sentencing
