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Accounting Firm Ordered to Pay $180,000 in Sanctions For Withholding Documents Relating to Seattle's 'Mini-Madoff'
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May 21, 2013 @ 6:30 pm |
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A federal judge ruled that an accounting firm should pay $180,000 in legal fees resulting from multiple failures to respond to a subpoena issued by the trustee overseeing a massive Seattle Ponzi scheme whose mastermind became known as Seattle's 'Mini-Madoff'. Moss Adams, the nation's 12th-largest accounting firm, had been asked to produce documents relating to its dealings with Darren Berg, who pled guilty in July 2011 to running a $150 million Ponzi scheme. Moss Adams, which counted Berg as a client for ten years, had been Read Full Article
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$27 Million ATM Ponzi Scheme Results in Prison For California Brothers, Woman
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May 21, 2013 @ 6:01 pm |
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Two California brothers and a woman who lived with them were sentenced for masterminding a $27 million Ponzi scheme based on video advertisement screens mounted on ATMs and vending machines. Alan G. Flesher, 65, Wayne D. Flesher, 62, and Nancy Carol Khalial, 65, (the "Trio") received sentences of 210 months, 72 months, and 48 months, respectively. Flesher's sentence was significantly higher than his two co-defendants as he was recognized as the leader of the scheme. Under statutory sentencing guidelines...
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SAC's Martoma says U.S. impedes defense in fraud case
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May 21, 2013 @ 8:28 am |
Former SAC Capital Advisors portfolio manager Mathew Martoma said the government is impeding his ability to defend against criminal insider trading charges by trying to link him to an alleged long-running conspiracy for which it has only "vague" details....
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 Accounting Firm Ordered to Pay $180,000 in Sanctions For Withholding Documents Relating to Seattle's 'Mini-Madoff'
- A federal judge ruled that an accounting firm should pay $180,000 in legal fe...
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$27 Million ATM Ponzi Scheme Results in Prison For California Brothers, Woman
- Two California brothers and a woman who lived with them were
Advisers in storm-ravaged Oklahoma struggle to find clients, neighbors
- Advisers in storm-ravaged Oklahoma struggle to find clients and neighbors amid t...
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Thompson & Knight Dodges $2.5M Shareholder Fraud Appeal
- A Texas appeals court declined Tuesday to revive a $2.5 million suit against Tho...
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LPL hit with largest Finra fine ever for e-mail case
- Finra on Tuesday slapped LPL with a $7.5M fine, its largest ever for an email-re...
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SAC's Martoma says U.S. impedes defense in fraud case
- Former SAC Capital Advisors portfolio manager Mathew Martoma said the government...
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Breakingviews: Bribery law bogeyman scares up new legal clients
- To hear some law firms tell it, the U.S. Foreign Corrupt Practices Act presents ...
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FINRA fines LPL Financial $9 mln for email violations
- LPL Financial LLC must pay a total of $9 million for significant email system fa...
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MF Global trustee liquidates broker's CME Group memberships
- Eighteen months after the brokerage collapsed, James Giddens sold a variety of m...
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U.S. asks judge to deny S&P's motion to dismiss fraud lawsuit
- In a $5 bln suit, the U.S. government has accused S&P of issuing inflated rating...
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Q&A: Nicholas Gravante on Greenberg, Argentina and alleged forgeries
- Nicholas Gravante represents former AIG chief executive Hank Greenberg, AriZona ...
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U.S. prosecutors' subpoena of SAC's Cohen puzzles defense lawyers
- Several defense attorneys said the move to subpoena hedge fund chief Steven A. C...
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Treasury chief says foreign officials too critical on swaps rules
- Foreign countries potentially hurting delicate negotiations with U.S. regulators...
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Court studies wiretaps in ex-Goldman director's insider case
- Lawyers for Rajat Gupta sought to reverse his insider trading conviction, arguin...
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New normal is morphing, Pimco's El-Erian says
- The global economy is muddling along a road that will give way to one of three s...
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Strine Tells Wal-Mart To Dig Deeper For Mexican Bribery Docs
- Wal-Mart Stores Inc. must conduct a more detailed search for documents requested...
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Michaels Fights To Avoid Legal Fees In $550M Wyly Fraud
- A Texas state judge on Monday said Michaels Stores Inc. has the right to limited...
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SAC Indictment Would Put Feds In Uncharted Waters
- As rumors swirled Monday that prosecutors might indict Steven Cohen's SAC Ca...
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Duane Morris Adds Orrick Partner To NY Corporate Group
- Duane Morris LLP's New York corporate practice group is adding a new partner...
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High Court May Use SOX Case To Put DOL In Its Place
- The U.S. Supreme Court agreed Monday to hear its first-ever Sarbanes-Oxley Act w...
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Fighting Agencies May Be Tougher After High Court Ruling
- The U.S. Supreme Court's Monday ruling in favor of the Federal Communication...
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NAPFA names new chief executive officer
- Among the challenges facing new NAPFA CEO Geoffrey Brown is making the trade as...
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Backed-up SEC won't address mandatory arb any time soon
- Mandatory arbitration has been generating plenty of headlines lately, but SEC Co...
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Dallas Brokerage Fends Off RICO Claim For Trade Fees
- A Texas judge on Monday said two independent brokers at S&P Investors Inc. haven...
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Morgan Stanley sued in 'pay-to-play' retirement plan case
- The plaintiff, an Alabama medical laboratory, claims that Morgan Stanley steered...
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The Warriors In Us
- by Brian Mahany
Unless we suddenly find ourselves at war with Syria, I...
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Supreme Court agrees to hear Fidelity whistleblower case
- The bench will decide whether whether mutual fund employees are subject to the s...
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Wielding Harrisburg example, SEC cajoles cities nationwide
- The main goal of the SEC is to persuade thousands of cities, counties and other ...
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SAC Capital's Cohen gets subpoena to testify - NY Times
- The $15 bln fund recently told investors it would no longer cooperate "unconditi...
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Analysis: High speed trading a stiff challenge for U.S. regulators
- Financial trading in world markets has grown so fast that effective regulation i...
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Selling America Short: The SEC and Market Contrarians in the Age of Absurdity
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Virtual Vice: A new technology crime novel based on true events
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