A lot has changed in 26 years. The rapid expansion of e-mail as a primary form of communication is one of the biggest developments since Congress enacted the Electronic Communications Privacy Act in 1986. When Congress drafted that bill, it could not have envisioned...
Steven Cohen and his legendarily successful firm, SAC Capital Advisors, have attracted attention from government agencies for years. As the Wall Street Journal reported, "regulators have suspected that [Cohen's] success partly stemmed from insider trading." SAC...
Earlier this week, a previous post introduced the story of one defendant who found himself caught up in a massive government investigation after an IRS agent saw him in a TV interview. Based on nothing other than curiosity about how the man could afford to train for a...
Over a year ago, in September 2011, authorities arrested a trader at UBS's London offices, accusing him of massive fraud and claiming that he caused the bank to lose $2.3 billion. This week after two months of trial, a jury in the United Kingdom convicted him on two...
Even compared to a 4,600 mile run across the Sahara Desert, 21 months in a federal prison was a harsh punishment for one man who recently completed his sentence. This man served the sentence after his epic desert run to raise awareness for clean water projects in...
When authorities decide to prosecute large financial crimes cases, they come prepared to win. Another case ended this week when a defendant changed her original plea - she now admits to taking money while working as comptroller for a small town.Prosecutors said the...
Law enforcement officers arrested six Miami-area residents this week after 49 Aventura police officers and several other city employees reported identity theft-related tax fraud. This arrest shows that authorities in Florida and around the country are increasingly...
Miami and South Florida remain a central focus area in the FBI's war against healthcare fraud. A new press release from the FBI explains how it has relied on well-funded multi-office task forces to investigate and prosecute defendants here in Miami. That approach is...
This is the second post covering an ongoing trial that accuses two financial professionals of using insider information to illegally earn $67 million in profits. The last post briefly explained insider trading charges and this one will look at the use of wiretap...
A massive criminal prosecution is going to trial this week in a case that started two years ago with the FBI's raids on several prominent hedge funds. Authorities are accusing two fund co-founders of earning more than $67 million by engaging in illegal insider...
