So what did 2012 bring with regard to federal white-collar cases and trends, and what can we expect to see in 2013? This article gives an overview of what we can expect from the U.S. Department of Justice and the Securities and Exchange Commission with respect to financial fraud, health care fraud and the Foreign Corrupt Practices Act (FCPA).
Financial Fraud
As far as prosecutions are concerned, nothing of significance has come out of the country’s "economic collapse"to the surprise and dismay of manyand any noteworthy prosecutions in the future appear unlikely. In particular, the likelihood that the SEC will enforce actions has declined, given the U.S. Supreme Court’s recent ruling in Gabelli v. Sec. & Exch. Comm’n, No. 11-1274 (Feb. 27, 2013), that the five-year limitations period begins to run when the alleged fraud is complete.
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