Criminal

Madoff Gets the Horns

Bruce Carton September 29, 2009

Bernard Madoff's massive fraud has inspired a startling sculpture by artist Chen Wenling called “What You See Might Not Be Real." The sculpture, which was displayed at a Beijing gallery Sunday, is of an enormous bull blasting off and then ramming Madoff against a wall. The bull seems to be...

Still Waiting for Marital Prisons

Bruce Carton September 14, 2009

Today, the DOJ announced the conviction of Los Angeles-area film executives Gerald Green and Patricia Green of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) and money laundering laws, as well as substantive violations of the FCPA and U.S. money laundering laws. The convictions of this husband and wife,...

"Capitalism: A Love Story"

Bruce Carton August 21, 2009

The trailer for Michael Moore upcoming new documentary, "Capitalism: A Love Story," is now out and can be viewed below. The movie looks at the causes of the global economic meltdown and, in Moore's words, focuses on "the disastrous impact that corporate dominance and out-of-control profit motives have on the...

Enron... The Play

Bruce Carton August 10, 2009

I'm pretty much flabbergasted to learn that (a) someone saw fit to write a play about the Enron scandal, and (b) it is getting rave reviews!Via Enforcement Action's London bureau (actually, via the Twitter feed of Werner Kranenburg, of London), I learned today that "Enron" the play opened last month...

Madoff Gets 150 Years, aka "The Full Bernie"

Bruce Carton June 29, 2009

Today, 71-year-old Bernard Madoff was sentenced to the maximum sentence–150 years in prison (aka, "The Full Bernie")–for his multibillion-dollar Ponzi scheme. U.S. District Judge Denny Chin issued the sentence today in the Southern District of New York.My initial quick thoughts: Whoa!!! After CW's Matt Kelly set the over/under on the sentence at...

The Death of "Bernard"

Bruce Carton June 24, 2009

After the high-profile scandals involving first Ebbers and now Madoff, I have to think that the name "Bernard" has seen its last birth certificate for some time.It's not as if the name – which was in the "Top 100" at the turn of the century – was exactly flourishing before...

"So You're Telling Me There's a Chance"

Bruce Carton June 23, 2009

Lloyd: What are the chances of a guy like you and a girl like me... ending up together?Mary: Well, that's pretty difficult to say.Lloyd: Hit me with it! I've come a long way to see you, Mary. The least you can do is level with me. What are my chances?Mary:...

Madoff Trustee: No Purchases in at Least 13 Years

Bruce Carton February 20, 2009

The WSJ reports that at a meeting for Madoff investors held today in the U.S. Bankruptcy Court, the trustee overseeing the liquidation of Madoff's firm stated that "his investigation has found no evidence that any securities were purchased on behalf of customers in at least 13 years."Read that again.No evidence...

No, It is Not OK to Shoot My Client

Bruce Carton February 05, 2009

The response is now in to the very interesting question posed by U.S. District Court Judge Jed Rakoff (previously discussed here) when deciding whether to free Marc Dreier on bail: “Are these armed guards authorized to shoot him" if he tries to flee?Counsels' answer: Don't Shoot!!The New York Law Journal...

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