Topic
Kickbacks
273 published works
Securities Law Prof Blog
SEC Alleges Kick Back Schemes Uncovered Through Sting Operation
The SEC announced that it filed civil actions alleging securities fraud in five separate kickback schemes uncovered by an FBI sting operation conducted pursuant to a recent cooperation agreement between…
White Collar Crime Prof Blog
Chevron Settles FCPA Investigation Related to Iraq Oil-for-Food Program
By Ellen Podgor
Oil giant Chevron Corp. settled civil and criminal investigations related to illegal kickbacks paid into Iraqi-controlled accounts in 2001 and 2002 as part of the UN's Iraq Oil-for-Food program that…
Mass Tort Litigation Blog
Lerach pleads guilty
By joetort
Former Milberg Weiss partner William Lerach pleaded guilty this week to charges of paying kickbacks to plaintiffs to serve as class representatives. His plea agreement calls for forfeiture of $7.75…
White Collar Crime Prof Blog
Another Defendant Pleads Guilty in the Milberg Weiss Prosecution
By Ellen Podgor
One of the original defendants in the Milberg Weiss kickback case pleaded guilty, leaving only two individuals remaining along with the firm. Seymour Lazar entered a guilty plea to obstruction…
Securities Law Prof Blog
Former Milberg Weiss Partner Pleads Guilty
Steven Schulman, a former partner at Milberg Weiss, pleaded guilty in Los Angeles for his role in the firm's payment of kickbacks to individuals to serve as lead plaintiffs in…
White Collar Crime Prof Blog
Five Medical Companies Settle Criminal Kickback Investigation
By Ellen Podgor
Five companies that are the dominant suppliers of surgical knee and hip implants agreed to settle a criminal investigation that they paid kickbacks to doctors in the form of consulting…
Securities Law Prof Blog
SEC Settles Market Manipulation Charges Involving Brokerage Firm
The SEC filed a settled enforcement action against Florida residents Paul Harary and Douglas Zemsky for their involvement in an alleged $4.4 million market manipulation and kickback scheme that defrauded…
Securities Law Prof Blog
Weiss Is Indicted
As expected, Melvyn Weiss was indicted, charged with conspiracy, racketeering, obstruction of justice and making false statements to a grand jury. The indictment also broadened the charges against the Milberg…
The D&O Diary
The Weiss Indictment and Schulman’s Plea Agreement
In what may be the beginning of the final act in the Milberg Weiss criminal investigation, on September 20, 2007, a federal grand jury indicted Mel Weiss of participating in…
Securities Law Prof Blog
SEC Charges “Stock Loan” Traders
The SEC charged 38 defendants in a series of fraudulent schemes involving phony finder fees and illegal kickbacks in the "stock loan" industry. The defendants include 17 current and former…