Three former executives at Dewey & LeBoeuf LLP, once the No. 3 legal adviser to banks handling merger deals, were charged with a “blatant” $200 million fraud that spurred the largest law firm bankruptcy in history.
Three former top executives at Dewey & LeBoeuf LLP, once the No. 3 legal adviser to banks handling merger deals, were charged with a “cook the books” fraud scheme that led to the largest law firm bankruptcy in history.
The former chairman and four others at Dewey & LeBoeuf LLP, which collapsed in the biggest-ever law firm bankruptcy, were sued by the U.S. Securities and Exchange Commission over claims they led a “bold and long-running accounting fraud.”
An employee of Two Sigma Investments LLC, an $18 billion quantitative hedge fund, was charged by New York prosecutors with stealing computer data from the company, the latest in a growing number of proprietary financial firm theft cases brought by the Manhattan district attorney.
New York will adapt existing rules to license digital-currency firms even as it considers law- enforcement calls for tough measures to prevent money laundering, the state’s top financial regulator said.
The manager of a private-equity fund was indicted on charges he stole more than $9 million from investors as New York regulators and prosecutors intensify enforcement efforts in the financial industry.
Eric Garcetti, who began his Los Angeles mayoral term seven months ago, wants to phase out a business tax he says drives away companies and has left the city with a smaller employment base than three decades ago.