Dan Wenner authored an article, "Inside the 1st Muni Bond Criminal Case," published by Law360. The article detailed the prosecution by the U.S. Attorney's Office for the Southern District of New York (USAO) of Christopher St. Lawrence, the town supervisor for the town of Ramapo, New York, and N. Aaron Troodler, the executive director of the Ramapo Local Development Corporation (RLDC). The government charged them with conspiring to commit securities fraud and wire fraud and with committing those offenses. The superseding information alleged they made false representations with respect to municipal bonds offered by the town and the RLDC. Troodler pleaded guilty to the charges, and St. Lawrence was convicted at trial. After cataloguing the alleged misconduct, which included lying about a property development that was scrapped to protect a rattlesnake habitat, Wenner noted "that the superseding information does not allege that either Troodler or St. Lawrence improperly benefited from the scheme to which Troodler pleaded guilty and for which St. Lawrence was convicted. It appears, then, that perhaps Troodler and St. Lawrence engaged in this conduct without ill intent, expecting (as is sometimes the case) that everything would work out in the end. Unfortunately, the laws criminalizing fraud are not forgiving of such optimism." Wenner relayed the USAO's warning that the municipal-bond industry was in the government's sights. And he concluded that "with a focus on municipalities, even folks looking to serve their communities will not be immune from prosecution should they get caught up in a scheme to hide the facts from investors."
Day Pitney Newsletter
Mark Salah Morgan authored an article, "Strengthening Egypt's IP Laws Could Help Fight Brain Drain," which was published in Law360.
Day Pitney Newsletter
Dina Kapur Sanna and Carl A. Merino co-authored an article, "Long Arm of the Law: The Risk to U.S. Practitioners of Prosecution for Facilitating Foreign Tax Offenses," in the June 2017 issue of Trusts & Estates.
On June 15, Dina Kapur Sanna and Carl A. Merino moderated a discussion panel at the Cambridge International Wealth Advisors Forum 2.0 held in Lisbon about the role of wealth advisors as "gatekeepers" to the financial system and measures being implemented by different jurisdictions to combat money laundering and tax evasion, including obligations imposed on lawyers and other advisors.
Adam Grant was quoted in an article, "Content Requirements in Angola Cost Halliburton More Than $29 Million in SEC Disgorgement and Penalties," published in The Anti-Corruption Report.
Jed Davis was quoted in an article, "'Click Fraud' Trial To Test Reach Of Feds' Cybercrime Powers," in Law360.
Steven Cash was quoted in a pair of articles, "Trump-Mueller tensions escalate," published in The Hill; and "Jeff Sessions' appointment of special prosecutor bites Trump," published in The Washington Times.
Eric Fader was quoted in an article, "Nurses Hit Hardest by Medicare and Medicaid Exclusions," published in Bloomberg BNA's Health Care Fraud Report.
Stan Twardy, Elizabeth Latif and Eric Sussman were successful in having a federal judge dismiss a False Claims Act lawsuit against our client Sikorsky Aircraft Corp.