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Ex-lawyer faces sentencing for Ponzi scheme
Headline Legal News |
2010/06/09 19:12
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The sentence was more than the 40 years federal prosecutors had recommended for Rothstein, a disbarred lawyer who pleaded guilty to racketeering and fraud conspiracy charges in January. He had faced up to 100 years in prison but his lawyer had asked U.S. District Judge James Cohn to give him no more than 30 years. Rothstein, who turns 48 on Thursday, fled to Morocco as his fraud scheme collapsed in late October, apparently lured by the fact that the country has no extradition treaty with the United States. He voluntarily came back to Florida in early November and has been jailed since he surrendered to the FBI in December. Upon his return, Rothstein cooperated with investigators unraveling his investment scheme, which prosecutors cited in asking that he be given a sentence of no more than 40 years. But Cohn tore into Rothstein for his "greed and arrogance" before handing down the tougher sentence, stressing that Rothstein had committed his fraud while serving as a licensed attorney. Part of that fraud involved forging bogus court documents, making it especially egregious to a federal judge, Cohn said. "There can be no conduct more reviled," he said.
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US defends attending Sudan leader's inauguration
Headline Legal News |
2010/05/28 23:51
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The Obama administration is defending its decision to send a representative to the inauguration of Sudan's president, who won re-election despite facing an international arrest warrant for war crimes. Omar al-Bashir was sworn in Thursday to another five-year term. Among those in attendance was a U.S. foreign service officer. The State Department notes that the inauguration also was for a vice president, Salva Kiir, from the largest party representing southern Sudan. Al-Bashir is sought by the International Criminal Court in the Netherlands for allegedly masterminding atrocities in Darfur. State Department spokesman P.J. Crowley said Friday that al-Bashir should cooperate with the court and "should be held accountable." |
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China to frame its first immigration law to attract foreigners
Headline Legal News |
2010/05/24 16:26
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China has kick-started a key process to frame its first immigration law to better manage immigrants as the world's fastest economy seeks to attract more foreigners to boost its development. Experts on migration have advised the government to learn from other countries in regulating immigration, said Zhang Jijiao, researcher with the Institute of Ethnology and Anthropology under the China Academy of Social Sciences (CASS). Zhang said in the era of globalisation, China needed to attract a variety of talents, investors, skilled workers, and in particular "seagulls" -- a Chinese term for foreign merchants who work with multinationals and must travel across the world -- to contribute to its development. A sounder migration policy would definitely enhance China's appeal, Zhang said. The Ministry of Public Security, the Beijing Law Society, the Chinese People's Public Security University and the CASS held a liaison meeting last year. But the discussions had yet to result in any concrete preparations, Zhang told state-run Xinhua news agency at a global forum on migration. Unlike Western countries, which have special laws to regulate the management of transnational migrants, there were few Chinese legal instruments to regulate immigration and foreign investment. "This reflects how China's transnational migration management has long been focused on the legitimacy of entry and exit out of economic considerations," said Zhang. |
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Trial for Chandra Levy slaying suspect stays in DC
Headline Legal News |
2010/05/17 08:05
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A judge has decided to keep the trial of a man charged in the killing of federal intern Chandra Levy in the District of Columbia. Attorneys for 28-year-old Ingmar Guandique (gwan-DEE'-kay) had argued he would not get a fair trial in Washington because of the extensive publicity. But Judge Gerald Fisher denied a motion Friday to change the venue of Guandique's trial in October. Levy disappeared in May 2001 and her remains were found a year later in Rock Creek Park. Guandique faces a first-degree murder charge in her death. The judge still has to rule on another defense request to suppress statements Guandique made to authorities in 2008. |
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Ex-SEC lawyer gets 8 years for pump-and-dump fraud
Headline Legal News |
2010/04/28 15:57
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A former enforcement attorney for the Securities and Exchange Commission was sentenced Friday to eight years in prison for his role in a a series of multimillion dollar pump-and-dump stock fraud schemes. Dallas-based attorney Phillip Offill Jr., 51, was convicted by a jury earlier this year on 10 counts of wire fraud and conspiracy. He testified that he was acting within the law, but the jury rejected his defense, and so too did U.S. District Judge Liam O'Grady. "Your testimony ... was an affront to justice," O'Grady told Offill at Friday's sentencing hearing. "It was one of the biggest pack of lies I've ever heard." Offill, who worked at the SEC for 15 years before taking a job at the Godwin Gruber law firm in Dallas, aided schemes that by conservative estimates cheated more than 1,500 investors out of at least $2.4 million. The fraudsters would pump up the value of dubious penny stocks and then sell the shares at inflated prices to unwitting buyers. Eight other coconspirators have already been convicted and sentenced in a case that has been under investigation for more than three years. Most of the illegal transactions took place in 2004. The eight-year term imposed on Offill was one of the most severe. Prosecutor Ed Power said the tougher sentence was deserved because Offill lied on the witness stand and because his status as a respected attorney helped provide cover for the fraud.
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NY immigration agent pleads guilty to sex coercion
Headline Legal News |
2010/04/16 16:48
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A federal immigration officer who was recorded demanding sex from a woman in exchange for a green card has pleaded guilty. Isaac Baichu pleaded guilty to all the charges against him Wednesday in Queens. The 48-year-old is expected to receive a prison sentence of 1 1/2 to 4 1/2 years. The case involved a Colombian woman married to an American citizen. The woman said she gave in to one sex demand in December 2007 because she was afraid, but she used a mobile phone hidden in her purse to record the encounter. She took the recording to The New York Times and to the Queens district attorney's office. Baichu was arrested in March 2008 after meeting with the woman again, this time with prosecutors listening in. |
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Supreme Court scrutinizes state, local gun control
Headline Legal News |
2010/02/28 01:12
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Gun control advocates are hoping they can win by losing when the Supreme Court rules on state and local regulation of firearms. The justices will be deciding whether the right to possess guns guaranteed by the Second Amendment — like much of the rest of the Bill of Rights — applies to states as well as the federal government. It's widely believed they will say it does. But even if the court strikes down handgun bans in Chicago and its suburb of Oak Park, Ill., that are at issue in the argument to be heard Tuesday, it could signal that less severe rules or limits on guns are permissible. The Brady Center to Prevent Gun Violence is urging the court not to do anything that would prevent state and local governments "from enacting the reasonable laws they desire and need to protect their families and communities from gun violence." By some estimates, about 90 million people in the U.S. own a total of some 200 million guns. Roughly 30,000 people in the United States died each year from guns; more than half of them are suicides. An additional 70,000 are wounded. The new lawsuits were begun almost immediately after the court's blockbuster ruling in 2008 that struck down the District of Columbia's handgun ban. In that case, the court ruled for the first time that individuals have a right keep guns for self-defense and other purposes. Because the nation's capital is a federal enclave, that ruling applied only to federal laws.
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