DOJ

November 17, 2009 -- WASHINGTON -- Attorney General Eric Holder, Treasury Secretary Tim Geithner, Housing and Urban Development (HUD) Secretary Shaun Donovan, and Securities and Exchange Commission (SEC) Chairwoman Mary Schapiro today announced that President Barack Obama has established by Executive Order an interagency Financial Fraud Enforcement Task Force to strengthen efforts to combat financial crime.    » read more »

"Most members of Congress - and nearly all of the American public -- lack important information about the issue".

November 17, 2009 -- Washington, D.C. – In anticipation of the upcoming Senate debate over Patriot Act reauthorization, U.S. Senators Ron Wyden (D-Ore.) Russ Feingold (D-Wis.) and Dick Durbin (D-Ill.) asked U.S. Attorney General Eric Holder to declassify key information pertaining to the law’s “business records” provision (Section 215). Today’s letter follows a classified letter that the senators sent Holder in June 2009.    » read more »

Senator has pushed for action to investigate and prosecute financial fraud

November 17, 2009 -- (WASHINGTON, D.C.) – U.S. Senator Byron Dorgan (D-N.D.) said today’s announcement that the Justice Department will ramp up efforts to crack down on financial fraud “is critical to bring these modern day bank-robbers to justice, necessary to restore confidence in our financial system, and I applaud the Department of Justice for taking this action.”

Dorgan has been pushing for increased investigations and prosecutions of those who wrongly profited from the financial collapse. In January, Dorgan introduced the Taxpayer Protection Act (S. 195), which would, among other things, investigate and prosecute financial fraud that contributed to the collapse of our financial markets.    » read more »

Unprecedented Response in Voluntary Tax Disclosure Program

November 17, 2009 -- WASHINGTON – Deputy Attorney General David W. Ogden released the following statement regarding the announcement today by the Department of Justice and the Internal Revenue (IRS) regarding the results arising from previous settlements of civil and criminal cases against Swiss banking giant UBS AG.

The Justice Department and IRS announced that over 14,700 taxpayers have come forward to report previously-undisclosed foreign bank accounts under the voluntary disclosure program the IRS implemented following the settlement. This figure represents almost double the initial numbers the IRS announced in October and dwarfs the number of voluntary disclosures received in 2008.    » read more »

U.S. Joins False Claims Act Lawsuit Against Kuwait-Based Companies That Supplied Food to U.S. Troops in Middle East

November 16, 2009 -- The United States has joined a whistleblower suit against Public Warehousing Company (PWC), The Sultan Center Food Products Company (TSC), and PWC’s chief executive officer, Tarek Abbul Aziz Sultan Al-Essa, the Justice Department announced today.    » read more »

Responding To Schumer's Call, DOJ's Head Of Antitrust Investigations Will Come To New York To Explore Anticompetitive Practices In The Dairy Industry

November 16, 2009 -- Today U.S. Senator Charles E. Schumer announced that at his urging Christine A. Varney, Assistant Attorney General in charge of the Department of Justice's (DOJ) Antitrust Division, will come to New York to meet with dairy farmers and consumers to explore potential anticompetitive behavior on the part of dairy processors.    » read more »

Decisions on Accused 9/11 Plotters, Alleged Mastermind of USS Cole Attack & Others

November 13, 2009 -- WASHINGTON – The Departments of Justice and Defense today announced forum decisions for ten detainees at Guantanamo Bay whose cases were previously charged in military commissions, including five detainees accused of conspiring to commit the Sept. 11, 2001 terror attacks and a detainee accused of orchestrating the attack on the USS Cole.    » read more »

November 13, 2009 -- WASHINGTON – Rohullah Farooqi Lodin and Hashmatullah Farooqi were each sentenced today in Alexandria, Va., to four years in prison for their roles in a scheme to offer $1 million in bribes to a U.S. Army contracting official in Afghanistan, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and U.S. Attorney Neil H. MacBride of the Eastern District of Virginia.

U.S. District Court Judge Liam O’Grady also sentenced Lodin, 48, from Irvine, Calif., and Farooqi, 38, from New York City, to each serve three years of supervised release following their prison term and ordered each to pay a $30,000 fine. Lodin and Farooqi, both dual Afghan/U.S. citizens, each pleaded guilty on Aug. 7, 2009, to one count of offering to bribe a public official.    » read more »

Sentenced for Bribery and Other Charges

November 13, 2009 -- Former U.S. Congressman William J. Jefferson, 62, of New Orleans, La., was sentenced today to 13 years in prison, followed by three years of supervised release, for using his office to corruptly solicit bribes. Jefferson was also ordered to forfeit more than $470,000.    » read more »

November 12, 2009 -- The Miami Division of the Federal Bureau of Investigation (FBI) and the Miami Field Office of the Internal Revenue Service (IRS) are seeking information from individuals who have invested in the Rothstein Structured Settlement Investment (RSSI) or from individuals who have information that would be helpful to the investigation. To facilitate information gathering, the FBI has established a dedicated e-mail address and an informational telephone line 1-800-CALL-FBI, "Rothstein Option."

Details of the investigation cannot be discussed at this time, as the investigation is ongoing. However, the FBI and IRS are seeking to identify victims and to obtain any information to determine the extent of any potential fraud.    » read more »

November 10, 2009 -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced today that MICHAEL KOULOUROUDIS, an accomplice of a former UBS investment banker, pleaded guilty before United States District Judge PAUL G. GARDEPHE on charges of conspiracy and securities fraud as a result of trading based on inside information stolen from UBS.

According to the Complaint and Superseding Indictment previously filed in this case, and statements made during KOULOUROUDIS's guilty plea:    » read more »

November 13, 2009 -- (New York) - The Obama administration's decision to prosecute the September 11 suspects in federal court represents an important step forward for justice, Human Rights Watch said today. Attorney General Eric Holder announced today that five of the suspects facing pending military commission charges at Guantanamo would be transferred for federal trial in the United States.

"The Obama administration recognized that a trial of this historic importance belongs in a fair and time-tested justice system," said Joanne Mariner, Terrorism and Counterterrorism Program director at Human Rights Watch. "The military commissions at Guantanamo are simply not up to the task."    » read more »

November 13, 2009 -- WASHINGTON, D.C. – Today, Congressman Jerrold Nadler (D-NY), Representative of Ground Zero and Lower Manhattan as well as Chairman of the Subcommittee on the Constitution, Civil Rights, and Civil Liberties, issued the following statement on the announcement today by the Department of Justice regarding certain Guantanamo detainees:    » read more »

November 11, 2009 -- Frederic A. Bourke Jr., of Greenwich, Conn., was sentenced today in U.S. District Court in Manhattan to one year and one day in prison.

Following a six-week trial, Bourke, 63, was found guilty on July 10, 2009, of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) and related prohibitions, and of making false statements to the FBI. The FCPA makes it a crime to pay or offer to pay foreign government officials in order to obtain or retain business. In addition to the prison term, U.S. District Judge Shira A. Scheindlin ordered Bourke to pay a $1 million fine and serve three years of supervised release following the prison term.    » read more »