With enactment of the CARES Act on March 27, Congress appropriated $2.2 trillion, the largest economic stimulus package in history, to combat COVID-19 and the serious economic damage it has wrought to all facets of the economy. Along with this mammoth government subsidy, however, comes the prospect of unprecedented fraud and abuse in sectors of
Robert L. Peabody
Beware! Internet Scammers Out to Capitalize on COVID-19 Scare
Law enforcement is alerting businesses and the public that during the ongoing COVID-19 federal and state emergencies and stay-at-home orders to be extremely vigilant about email and internet scams being perpetrated by wrongdoers trying to capitalize on the scare.
According to the FBI:
“Scammers are leveraging the COVID-19 pandemic to steal your money, your personal…
Supreme Court Decision Restricts Government Prosecution of Political Corruption
In a unanimous 8-0 decision, the U.S. Supreme Court has vacated the political corruption convictions of former Virginia Governor Robert F. McDonnell for conspiracy to commit honest services fraud and Hobbs Act extortion and making false statements to federal officials. McDonnell v. United States, No. 15-474, 579 U.S. ___ (2016).
McDonnell and his wife,…
Insufficient Evidence Calls for Overturning Insider Trading Cases, Second Circuit Rules
Overturning the criminal convictions of former Diamondback Capital Management, LLC portfolio manager, Todd Newman, and former Level Global Investors, L.P. portfolio manager, Anthony Chiasson, for insider trading, the federal appeals court in New York has held the government “failed to present sufficient evidence that the defendants willfully engaged in substantive insider trading or a conspiracy…