hands gripping the bars of a jail cell - federal criminal penalties concept

Potential Penalties in a Federal Criminal Case

Being charged with a federal crime means you have allegedly violated a law enacted by the United States Congress, as opposed to a law enacted by a state. Federal crimes typically involve federally regulated activities, such as crimes involving the ma… Read More
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Supreme Court Reins in Wire Fraud and Honest Services / Corruption Prosecutions Yet Ag

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… Read More
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Philadelphia’s skyline in autumn - philly bridge project fraud concept

Third Circuit Limits Amount of Loss in Wire Fraud Case Involving Disadvantaged Business Enterprises

In United States v. Kousisis, the Third Circuit Court of Appeals issued another important and precedent-setting ruling and further clarified its decision in United States v, Banks, holding that even where government contracts are procured by misrepre… Read More
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Wooden brown judge gavel on the table, copy space, - Intended loss concept

Impact of United States v. Banks: Using “Actual” Loss Instead of “Intended” Loss

The United States Sentencing Guidelines provide courts with a framework for sentencing criminal defendants. In cases involving allegations of financial conduct and economic losses, the Guidelines place a heavy emphasis on the amount of loss as a prim… Read More
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A statue of the blindfolded lady justice in front of the United States Supreme Court building - federal investigative agencies concept

What Agencies Are Responsible for Investigating Federal Crimes?

The overwhelming majority of crimes in the United States are investigated and prosecuted by state agencies. But crimes that cross state lines or involve violations of federal laws are investigated by the Department of Justice and its federal investig… Read More
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Arresting financial criminals - bond fraud concept

CEO Gets 44 Months for Massive Bond Fraud

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… Read More
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State Capitol building

How Does the Jurisdiction of State and Federal Court Differ?

When the United States was founded in 1776, tension existed between the federal and state governments regarding power, the ability to tax, and control of the courts and legal systems. This tension continues today and is evident in the separate jurisd… Read More
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US Securities and Exchange Commission building exterior - sec insider trading rules concept

SEC Approves New Insider Trading Rules

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… Read More
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fraud concept - Sam Bankman-Fried

Sam Bankman-Fried Denies Fraud Charges

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… Read More
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Pfizer logo on the side of a store - Pfizer kickback lawsuit concept

Pfizer’s Supreme Court Appeal Over Anti-Kickback Lawsuit

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… Read More
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