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Los Angeles jeweler pleads guilty in KPMG case
Court News |
2013/05/23 11:17
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The owner of a Los Angeles jewelry store pleaded guilty Monday for his role in an insider-trading case involving a former senior partner at accounting firm KPMG.
Bryan Shaw, 52, pleaded guilty to one count of conspiracy and was scheduled to be sentenced Sept. 16 when he faces a maximum of five years in prison.
"In this guilty plea, Mr. Shaw continued his path to fully accepting responsibility for his actions and doing the right thing," said Shaw's attorney Nathan Hochman.
Authorities said Shaw made more than $1 million in illicit profits by trading in advance of company announcements on earnings results or mergers for KPMG LLC clients, including Herbalife Lt., Skechers USA Inc. and Uggs maker Deckers Outdoor Corp.
In exchange, Shaw gave former KPMG accountant Scott London bags filled with cash, along with a $12,000 Rolex watch and jewelry for his wife, among other items, prosecutors said. The Securities and Exchange Commission, which filed civil charges in the case, estimates London received at least $50,000.
London, 50, who was fired from KPMG, also is charged with conspiracy and is scheduled to be arraigned next week.
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Officials: Fla. lawyer at center of $300M scheme
Court News |
2013/03/14 15:05
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One of the men who authorities say was at the center of a scam to use a veterans charity as a front for an illegal gambling operation worth nearly $300 million was a well-known attorney who once ran a marathon in a suit as a publicity stunt.
Another man involved in the case was described by friends as a small-town “pool hustler” in South Carolina. Jacksonville attorney Kelly Mathis was identified by authorities as the man at the center of the alleged racketeering scheme. Two other men charged as co-conspirators had experience running gaming parlors, including Johnny E. Duncan, who was charged more than 20 years ago with creating a fake charity to sponsor bingo gaming, which allowed the games to operate tax-free. The other man, Jerry Bass, had previously worked as general manager of a video poker parlor in South Carolina.
Authorities said Mathis made about $6 million from the operation. During a news conference Wednesday, Florida Attorney General Pam Bondi unveiled a poster with a photo of Mathis in the center and linked to dozens of alleged gambling operations. Officials said he was the registered agent for 112 businesses related to the investigation. Nearly 60 people have been arrested so far. |
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Court: Judges cannot indefinitely delay appeals
Court News |
2013/01/09 19:46
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The Supreme Court says federal judges cannot indefinitely delay a death row inmate's federal appeals to see if the convict can become mentally competent enough to help his lawyer.
The high court unanimously ruled Tuesday against Arizona death row inmate Ernest Gonzales and Ohio death row inmate Sean Carter.
Inmates appealing state death sentences to federal court have a right to a lawyer. But the courts never said whether the inmates have to be mentally competent enough to help their lawyers with their federal appeals. Gonzales and Carter wanted the high court to say that federal judges have discretion to hold up proceedings indefinitely until the inmates are ready.
Justice Clarence Thomas says "at some point, the state must be allowed to defend its judgment of conviction." |
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Court won't hear appeal in witness tampering case
Court News |
2012/11/15 14:09
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The Supreme Court won't review a decision to throw out sanctions and a $600,000 award against Miami prosecutors in a witness-tampering investigation where members of the defense team had allegedly been secretly recorded.
The high court on Tuesday refused to hear an appeal from Dr. Ali Shaygan, who has been acquitted of 141 counts of illegally prescribing painkillers. A federal judge said publicly that three prosecutors and a Drug Enforcement Administration agent acted "vexatiously and in bad faith" for failing to obtain permission before authorizing two witnesses to record conversations with Shaygan's attorney and his investigator.
But a federal appeals court threw out the sanction and award, saying the judge violated the prosecutors' due process rights in 2009 when he issued a public reprimand for their alleged misconduct. |
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Chevron sued in Argentina over Ecuadorean spills
Court News |
2012/11/06 11:09
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Lawyers for Amazonian Indians are seeking the seizure of $2 billion of Chevron Corp.'s assets in Argentina as they try to collect an $18.7 billion environmental judgment won in Ecuador last year.
Argentine lawyer Enrique Bruchou said Thursday that his seizure request should send a strong signal to foreign investors that they must apply the same environmental standards wherever they do business. Similar lawsuits were filed this year in Canada and Brazil.
"We will win this case. And it's going to set an example for the world that we in Latin America have grown up now and that we need to be treated as equals," Bruchou said.
Chevron is refusing to pay, saying fraud marked the trial and that the Texaco Petroleum Co. mitigated the environmental damage long before it became a Chevron subsidiary in 2001.
"The Ecuador judgment is a product of bribery, fraud, and it is illegitimate. The company does not believe that the Ecuador judgment is enforceable in any court that observes the rule of law," the San Ramon, Calif.-based oil giant said in a statement. |
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