In June of 2002, Arthur Andersen LLP ("Andersen") was convicted in a jury trial in the U.S. District Court in Houston, Texas, of "corruptly persuading" employees to destroy Enron-related documents in anticipation of an SEC investigation (see indictment...
white-collar crime
(LIIBULLETIN preview)
Hollinger International, Inc. (“Hollinger”), owner of the Chicago Sun-Times, came under governmental suspicion in 1998 when it began executing non-competition agreements in connection with the sale of most of its smaller newspapers. See United States v...
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In 2012, Andrew Cuomo, New York Governor at the time, launched the “Buffalo Billion” initiative to develop the Buffalo area with $1 billion in taxpayer funds. United States v. Percoco at 165. Alain Kaloyeros, the head of the College of Nanoscale...
(Wex page)
In business law, entity liability is when a corporation is treated as an independent legal entity, and should be held liable for the liabilities incurred by the business.
The concept of entity liability allows a corporation...
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Pinkerton liability allows an actor to be held liable for substantive crimes committed by his coconspirators in certain circumstances. A defendant can be held vicariously liable for a substantive offense committed by another member of a conspiracy if...
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Lawrence Eugene Shaw was convicted under 18 U.S.C. § 1344(1) for executing a scheme to obtain funds from a Bank of America (“BoA”) account belonging to Stanley Hsu, a Taiwanese businessman. See United States v. Shaw, 781 F.3d 1130, 1133 (9th Cir. 2015...
(Wex page)
Overview
White-collar crime generally encompasses a variety of nonviolent crimes usually committed in commercial situations for financial gain.
The following is an inclusive list of white-collar offenses : antitrust violations, bankruptcy...
(Wex page)
Wire fraud occurs when interstate wirings are used in furtherance of a criminal act. In order for a defendant to be convicted under 18 U.S.C. 1343 for committing wire fraud, the follow elements must be satisfied: (1) the defendant must have been...