News & Blog

conspiracy to commit bank fraud

US v. Weigand: Bank Fraud Conspiracy Scheme

Defense Attorneys Seek Downward Departure from Federal Sentencing Guidelines Defendant Ruben Weigand was charged with conspiracy to commit bank fraud in violation of 18 U.S.C. §1349. He was charged with participating in a scheme to trick banks into… Read More
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Categories: Fraud
ppp fraud

Prosecution Rising in Coronavirus Relief Fraud Cases

It has been over a year since Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which authorized forgivable small business loans through the Payroll Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) p… Read More
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Categories: Fraud
crypto tax

Tax Evasion Issues Arising as Bitcoin and Other Cryptocurrencies Grow in Popularity

The increasing popularity of cryptocurrencies like Bitcoin and Ethereum has prompted the IRS, Department of Justice (DOJ), and other government agencies to aggressively investigate and prosecute people who use digital assets to commit crypto tax frau… Read More
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Categories: Fraud
Disgorgement of profits

Liu Limits SEC's Ability to Seek Disgorgement in Federal Securities Cases

In 2016, the SEC charged Charles Liu and Xin Wang with defrauding Chinese investors in a project that the couple falsely claimed met the requirements of the EB-5 Investment Program, which is subject to federal securities laws. Fifty investors paid ne… Read More
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Categories: Securities
disbarred lawyer

Second Circuit Judge Questions Fairness of Multi-Count Indictment Against Disbarred Attorney

In March 2021, the Second Court of Appeals upheld the conviction of a Queens, New York immigration disbarred lawyer who was charged with falsifying asylum applications. However, an appellate judge’s concurring opinion questioned whether prosecutors… Read More
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false claims act

Sandell Settlement Will Likely Encourage States to Allow Recovery of Taxes Under False Claims Act

On March 2, 2021, the New York Attorney General announced a $105 million settlement against a New York City hedge fund manager and his firm for alleged tax evasion. The claim was filed by a whistleblower client under the New York False Claims Act and… Read More
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john mcafee

The Facts of the McAfee Cryptocurrency Fraud Case

In March, software innovator John McAfee and his bodyguard, a decorated former-Navy Seal named Jimmy Gale Watson, Jr., pled Not Guilty to federal criminal charges in New York federal court. The pair face charges of fraud, conspiracy, and money launde… Read More
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Categories: Fraud
Computer Fraud and Abuse Act

Van Buren v. United States: Felony Violation of the Computer Fraud and Abuse Act of 1986 (CFAA)

Van Buren v. United States was the Supreme Court’s first opinion interpreting the Computer Fraud and Abuse Act (CFAA) of 1986. Originally drafted as an anti-hacking statute, the Act prohibits people from accessing computers or computer systems “w… Read More
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Categories: Fraud
healthcare fraud

US v. Nora: Conspiracy to Commit Healthcare Fraud

Jonathan Nora was convicted of conspiracy to commit healthcare fraud, conspiracy to pay or receive illegal healthcare kickbacks, and aiding and abetting healthcare fraud. He appealed to the Fifth Circuit Court of Appeals, claiming his convictions wer… Read More
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Categories: Fraud
restitution

Prosecutors Garnish Retirement Funds For No Restitution Payment

In the March 2021 decision of United States v. O’Brien, the Second Circuit Court of Appeals ruled that Manhattan prosecutors could garnish the wages of a former partner at Sullivan & Cromwell who made no restitution payment after a 2011 convict… Read More
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Categories: Federal Law