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New York Law Journal

The Deutsche Bank LIBOR Case: When Justice Is Outsourced

In 2019, two former Deutsche Bank traders were convicted of wire fraud and conspiracy charges, which the Second Circuit later reversed. This case highlights two alarming trends: the DOJ outsourcing criminal investigations to private law firms and targeted institutions placing the blame for alleged wrongdoing on low-level employees to avoid more serious criminal consequences themselves.
9 minute read

New York Law Journal

The DOJ Cracks Down on AI-Powered Crimes

In recent public comments, Deputy Attorney General Lisa Monaco identified the emerging threat posed by AI as a top enforcement priority and announced that the DOJ will begin targeting crimes "made significantly more dangerous by the misuse of AI."
12 minute read

New York Law Journal

Money Laundering in the Arts

Two newer kinds of markets—the market for non-fungible tokens (NFTs) and the secondary market for sports and entertainment event tickets—have offered criminals new possibilities for laundering dirty money. And so far, the law has not kept up.
8 minute read

New York Law Journal

Out of the Shadows: SEC Test Case To Bring 'Shadow Trading' Into Light

The SEC is now at trial in an enforcement action against former biopharma executive Matthew Panuwat related to "shadow trading" activities. The trial will not only be the first major test of the SEC's "shadow trading" legal theory before a jury, but will also have significant ramifications for in-house counsel and compliance teams on how to train their employees on trading practices.
9 minute read

New York Law Journal

Internal Investigations and Self-Disclosures in a Time of Enhanced Whistleblower Incentives

In recent years, the DOJ has taken steps to incentivize disclosure of potential wrongdoing by companies and individuals. In light of new incentives for individual whistleblowers and the evolving expectations of enforcement officials, the stakes are high for in-house counsel and compliance officers to quickly assess the potential benefits and risks of making a voluntary self-disclosure.
8 minute read

New York Law Journal

'Came Back to Haunt Him': White-Collar Lawyers Address Bankman-Fried's 25-Year Sentence

U.S. District Judge Lewis Kaplan noted the ex-crypto entrepreneur's "exceptonally privileged background" in meting out his sentence.
4 minute read

New York Law Journal

'He's Not Going to Admit a Thing:' Sam Bankman-Fried Sentenced to 25 Years in FTX Collapse

Bankman-Fried, 32, was also ordered to forfeit more than $11 billion. His attorneys at Mukasey Young, led by Marc Mukasey, have said he will appeal.
5 minute read

New York Law Journal

Merchan Issues Limited Gag Order Against Trump Ahead of Trial

Trump is barred from speaking publicly about prosecutors and court staff, their families, known or foreseeable witnesses, and prospective jurors or seated jurors in the case.
3 minute read

New York Law Journal

Trump New York Criminal Trial to Begin April 15, Judge Rules

The case was originally scheduled to kick off on March 25, but was postponed by Acting Manhattan Supreme Court Justice Juan Merchan due to a last minute document dump.
3 minute read

New York Law Journal

Menendez Still Deciding Whether to Appeal Speech or Debate Ruling, Lawyer Tells Judge

U.S. District Judge Sidney Stein also conducted a Curcio hearing for Nadine Menendez, the senator's spouse, who is also a defendant.
3 minute read

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