Law Enforcement

Former Ohio Deputy Treasurer Pleads Guilty for His Role in Kickback and Money Laundering Scheme

The former Ohio deputy treasurer pleaded guilty for his role in leading a bribery and money laundering scheme involving the Ohio Treasurer’s Office.

Defendant Sentenced in Wire Fraud Scheme Involving Loss of Nearly $2 Million

Michael J. Moore, United States Attorney for the Middle District of Georgia, announces that William Frazier, 43, of Midland, Georgia, was sentenced on Thursday, December 19, 2013, to serve 51 months’ imprisonment for wire fraud. The sentence was handed down by the Honorable Clay D. Land, United States District Court Judge in Columbus, Georgia.

Genzyme Corp. to Pay $22.28 Million to Resolve False Claims Allegations Related to “Slurry” Used in Patients

Genzyme Corp. has agreed to pay $22.28 million to resolve allegations that it marketed, and caused false claims to be submitted to federal and state health care programs for use of, a “slurry” version of its Seprafilm adhesion barrier, the Justice Department announced.

Justice Department Recovers $3.8 Billion from False Claims Act Cases in Fiscal Year 2013

Second Largest Annual Recovery in History Whistleblower Lawsuits Soar to 752

The Justice Department secured $3. 8 billion in settlements and judgments from civil cases involving fraud against the government in the fiscal year ending Sept. 30, 2013, Assistant Attorney General for the Civil Division Stuart F. Delery announced.

CEO of Debt Collection Agency Sentenced to Four Years for Role in Multi-Million-Dollar Fraud Scheme

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that Peter Pinto, 38, of East Quogue, New York, was sentenced by U.S. District Judge Stefan R. Underhill in Bridgeport to 48 months of imprisonment, followed by five years of supervised release, for his role in a multi-million-dollar fraud scheme at Oxford Collection Agency, where Pinto served as chief executive officer.

Seattle-Area Men Charged with Insider Trading Based on Microsoft Internal Information

Pair Allegedly Made More Than $390,000 by Stock Trading on Non-Public Information

TWO SEATTLE—area men were charged in U.S. District Court in Seattle with 35 counts of insider trading related to their purchases and sales of stock options related to Microsoft Corporation, announced U.S. Attorney Jenny A. Durkan. One of the men, Brian Jorgenson, 32, of Lynnwood, Washington, was employed as a senior manager in Microsoft’s Treasury Group. The other, Sean Stokke, 28, of Seattle was a day trader who had previously worked with Jorgenson at an asset management company. The complaint alleges that the two used non-public information from Jorgenson’s employment at Microsoft to profit on the movement of Microsoft stock and the stock of related companies. The men are scheduled to appear in U.S. District Court in Seattle at 3:00 this afternoon.

SAC Capital Portfolio Manager Michael Steinberg Found Guilty in Manhattan Federal Court of Insider Trading Charges

Michael Steinberg Earned $1.9 Million in Illegal Profits for His Hedge Fund Through Trading in Dell and NVIDIA

Preet Bharara, the United States Attorney for the Southern District of New York, announced that Michael Steinberg, a portfolio manager of Sigma Capital Management LLC (Sigma), a division of the Connecticut-based hedge fund SAC Capital, was found guilty in Manhattan federal court based on his participation in an insider trading scheme. Steinberg was convicted after a five-week jury trial presided over by U.S. District Judge Richard J. Sullivan.

Daniel Gallagher Sentenced to Four Years in Prison in Connection with Bribery Schemes and Related Crimes

Former Cuyahoga County employee Daniel Gallagher was sentenced to four years in prison for engaging in a series of bribery conspiracies involving public officials, federal law enforcement officials announced.

Former BP Engineer Convicted for Obstruction of Justice in Connection with Deepwater Horizon Criminal Investigation

Kurt Mix, a former engineer for BP plc, was convicted of intentionally destroying evidence requested by federal criminal authorities investigating the April 20, 2010 Deepwater Horizon disaster.

Business Owner Indicted for Bribery Offenses

Jae Jun Bae has been indicted by a federal grand jury for wire fraud and bribery.