Topic
Fraud
3,003 published works
International Financial Law Prof Blog
Justice Department Obtains $1.4 Billion from Reckitt Benckiser Group in Largest Recovery in a Case Concerning an Opioid Drug in United States History
Global consumer goods conglomerate Reckitt Benckiser Group plc (RB Group) has agreed to pay $1.4 billion to resolve its potential criminal and civil liability related to a federal investigation of…
Global Regulation Tomorrow
Court approves first-of-its kind “Group” DPA: five key points
By Neil O’May (UK), Andrew Reeves (UK), Lorenza Cocco (UK)
On 4 July 2019, the UK’s fifth Deferred Prosecution Agreement (DPA) was approved. The DPA is between the Serious Fraud Office (SFO) and Serco Geografix Limited (SGL), a subsidiary of…
International Financial Law Prof Blog
South Florida Resident Sentenced to 30 Years for $100 Million International Fraud Scheme that Led to the Collapse of One of Puerto Rico’s Largest Banks
A Key Biscayne, Florida, resident and the former CEO and Chairman, Jack Kachkar, 56, of a now-bankrupt multinational pharmaceutical company was sentenced to 30 years in prison followed by five…
The Fiduciary Litigator
Because Fraud By Nondisclosure Cannot Occur After A Transaction Is Consummated, Employees Generally Do Not Owe A Duty To Disclose Their Employers’ Breaches of Contract To Third Parties
In CLC Roofing v. Helzer, a roofer purchased shingles from a seller and stored them on the seller’s property. No. 02-17-00229-CV, 2019 Tex. App. LEXIS 5927 (Tex. App.—Fort Worth July…
SDNY Blog
Judge Castel: Plaintiffs Fail to State Claim Against Ja Rule for Fyre Festival
This week, Judge Castel dismissed claims against Jeffery Atkins (better known as Ja Rule) over his role in the disastrous 2017 Fyre Festival (see our previous post here). Judge Castel held…
International Financial Law Prof Blog
Alleged Cryptocurrency Fraudster Arrested in Thailand, Charged in Multi-Million Dollar Investment Scheme
In a criminal complaint unsealed, a citizen of Sweden and his company were charged with securities fraud, wire fraud and money laundering in a scheme to defraud potential investors. Download…
SDNY Blog
Judge Furman: Sensitive Pricing Information Can’t Be Sealed Where It Goes to the “Heart of the Litigation”
By Jason Meade
In an opinion Tuesday, Judge Furman ruled that the complaint in an "international saga" of fraud in the art world must be filed publicly and without redactions, even though it…
Blockchain Legal Resource
CFTC Brings Charges in Fraudulent Bitcoin Trading Scheme
On June 18, 2019, the Commodity Futures Trading Commission (CFTC) announced the commencement of a civil enforcement action (the Complaint) against two United Kingdom-based defendants, a purported Bitcoin trading company…
Simple Justice
Short Take: The Measure of Manafort
The set up was there for anyone who cared to see it. Paul J. Manafort, President Trump’s former campaign chairman who is serving a federal prison sentence, had been expected to…
Constructlaw®
World Bank Debars Chinese Engineering Company for Fraudulent Bidding Practices in Connection With Liberian Infrastructure Project
By Zach Torres-Fowler, Anthony Finizio
On June 12, 2019, the World Bank announced that China-based Dongfang Electronics Co. Ltd. (“Dongfang”) would be debarred for fifteen (15) months for fraudulently bidding on a $60 million electrical…