Ex-Enron Employees Rejoice While the Guilty Vow to Appeal

Former employees of Enron were thankful and encouraged upon hearing that Kenneth Lay and Jeffrey Skilling were found guilty of felony charges of conspiracy and fraud. While nothing will give back all that they lost, the idea that “justice prevails” has encouraged the former employees. Both defendants proclaimed their innocence and vowed to appeal the … Read more Ex-Enron Employees Rejoice While the Guilty Vow to Appeal

Lee Holloway Admits Ethics Violations

From the Milwaukee Journal Sentinel:

Milwaukee County Board Chairman Lee Holloway this afternoon resolved his long-running ethics case by admitting to six civil counts of failing to comply with the county ethics code.

Under the agreement with the county Ethics Board, Holloway will pay a $3,000 fine.

He admitted to filing faulty ethics forms from 1998 to 2003.

Read moreLee Holloway Admits Ethics Violations

Lay and Skilling found guilty of fraud and conspiracy charges

Kenneth Lay and Jeffrey Skilling, both former heads of Enron Corp., were found guilty by a jury on Thursday of conspiracy to commit securities fraud and wire fraud. The trial lasted almost four months, and the jury deliberated for nearly six days. Skilling was convicted of 19 of the 28 counts he was charged with, … Read more Lay and Skilling found guilty of fraud and conspiracy charges

Alderman Michael McGee Objects to the Publishing of “Unfactual” Information

According to the Milwaukee Journal Sentinel, a petition was filed Wednesday in Milwaukee County Court to have Michael Imanu Jackson’s name legally changed to Michael Imanu McGee. This situation just adds to the controversy surrounding the City of Milwaukee Alderman, which includes a pregnancy by McGee’s former mistress, a changing story about McGee’s Yahoo email … Read more Alderman Michael McGee Objects to the Publishing of “Unfactual” Information

Sleeping Through Legal Proceedings is Not Malpractice???

New York litigator Edward W. Hayes was accused of legal malpractice for sleeping through his client’s deposition. In 2003, Hayes was retained by Robert Flutie to defend companies he owned against a suit brought by the trustee of a bankruptcy involving Flutie’s brother.

A bankruptcy judge ultimately determined that Robert Flutie’s companies, Flutie Bros. and Flutie Entertainment USA, Inc., were successors to his brother’s bankrupt company Flutie Entertainment Corp. Robert Flutie was therefore on the hook for $191,089.

Read moreSleeping Through Legal Proceedings is Not Malpractice???

Attorney Pleads Guilty to Charges Related to Milberg Weiss Federal Investigation

Richard Purtich, a Los Angeles Attorney, has pleaded guilty to a felony tax charge related to allegations that he illegally acted as a pass-through for money paid to a client of indicted law firm Milberg Weiss Bershad & Schulman. The federal charges against Milberg Weiss allege that the law form paid more than $11 million … Read more Attorney Pleads Guilty to Charges Related to Milberg Weiss Federal Investigation

Fannie Mae settles for $400 million

A report issued today from the [tag]Office of Federal Housing Enterprise Oversight[/tag], or [tag]Ofheo[/tag], said that [tag]Fannie Mae[/tag]’s [/tag]quarterly earnings[/tag] were manipulated and the company engaged in [tag]improper accounting[/tag]. The report further stated that management was allowed to disregard [tag]accounting regulations[/tag] as long as [tag]earnings targets[/tag] were achieved, and that bonuses were awarded to those … Read more Fannie Mae settles for $400 million

More social security numbers compromised

Your personal information is not safe anywhere, it seems!!! The names, addresses, birthdates, and[tag] social security numbers[/tag] of 26.5 million U.S. Veterans were stolen from the home of a[tag] Veterans Affairs[/tag] employee. The employee (a “midlevel data analyst”) apparently brought home a laptop computer containing this sensitive information, in violation of the agency’s policies. His … Read more More social security numbers compromised

Bribe money allegedly hidden in a freezer

Democratic lawmaker Rep. William Jefferson (New Orleans, Louisiana) has been under [tag]investigation[/tag] for [tag]bribery[/tag], and the FBI says he was videotaped receiving a $100,000 bribe from an [tag]FBI informant[/tag] on July 30. 2005. The money was given to Jefferson to use as a [tag]bribe[/tag] for a high-ranking Nigerian official, in order to help a Nigerian … Read more Bribe money allegedly hidden in a freezer