• Prison

    Qwest’s Joe Nacchio, Club Fed, the NSA and “Rub it on your chest”

    Here’s a short, interesting article about Qwest’s Joe Nacchio and his release from prison A couple of takeaways:               (1) There is no longer a “Club Fed” for white-collar inmates — if in fact there ever was one.  Deprivation of liberty is still prison; isolation from your family is still painful; and being vulnerable is still scary. (2) Although it’s possible that the Government prosecuted Nacchio because he refused to turn over Qwest customer information to the NSA, it’s not likely (although it would be a side benefit, if there was already an investigation rolling). (3) His advice is sound for most businesspeople: Mr.…

  • Cocktails

    Fall Cocktails

    Fall Cocktails: The Six Best Whiskey Drinks You’ve Never Heard of  is quite a list.  Personally, I wish to try a Suburban “If you could distill carved-oak paneling and club chairs, leather-bound volumes and three-cushion billiard tables, [the Suburban] is what you’d get,” claims Esquire. Named for the Brooklyn Suburban Handicap horse race, this 19th century tipple combines three longshots rarely seen in the winner’s circle — rye, rum, and port. Yet somehow, they just work. A nice dark rum mellows the harsher edges of rye, specifically the “heat,” port subtly plays the role of a sweet vermouth, and a dash or two of bitters rounds out the missing herbal…

  • Evidence,  Ponzi

    Madoff’s Screw Sculpture, Bill Murray and Rule 403

    The fact that Madoff’s Screw Sculpture Is Excluded From Evidence at Trial (tipped off by @WaltPavlo) is amusing to a non-party, reminiscient as it is of Bill Murray’s character (Frank Cross, the Ebenezer Scrooge character) in the movie Scrooged (1988), a remake of “A Christmas Carol.”   Frank Cross: We’re gonna need champagne for 250 people, and send the stuff that you send to me. Don’t send the stuff that I send to other people. There are, however, some serious implications. The sculpture was recovered from Madoff’s office after his 2008 arrest for masterminding a Ponzi scheme that cost investors about $17 billion in lost principal. Five former Madoff employees…

  • Compliance,  Evidence

    Deferred Prosecutions and Decisions Not To Indict

    Two recent articles in @Dealbook are worth noting because of their discussion of what goes into two very important parts of the American enforcement system: deferred prosecution agreements and a prosecutor’s decision to not indict. In For a Better Way to Prosecute Corporations, Look Overseas,  Brandon L. Garrett (a professor at University of Virginia School of Law) and David Zaring (an assistant professor of legal studies at the Wharton School of the University of Pennsylvania) discuss the spread abroad of an American idea — the deferred prosecution agreement: The favored new tool of the corporate prosecutor, the deferred prosecution agreement, is being actively exported to other countries. In these agreements,…

  • Crime Fiction

    Crime and T.S. Eliot

    Today (September 26th) is the birthday of American-born (but eventually British-subject) poet T.S. Eliot (1888-1965).  He wrote little about crime except Murder in the Cathedral (1935): Now is my way clear, now is the meaning plain: Temptation shall not come in this kind again. The last temptation is the greatest treason: To do the right deed for the wrong reason. -Thomas, Part I And here’s one about a criminal cat, Macavity: Macavity’s a Mystery Cat: he’s called the Hidden Paw— For he’s the master criminal who can defy the Law. He’s the bafflement of Scotland Yard, the Flying Squad’s despair: For when they reach the scene of crime—Macavity’s not there!…

  • Leadership

    The Grease Goddess

    This article has nothing to do with white-collar crime, as best I can tell, but who can argue with the new  Grease Goddess of Athens, Alabama? When Helen Carter of Elkmont received notification that she is the first “Athena, Grease Goddess” for Saturday’s second annual Athens Grease Festival, she thought the caller was pulling her fried chicken leg. “I don’t know what to say,” Carter said. “Are you joking with me? That’s pretty dad-gum good.” Carter worked 25 years as director of the Athens Senior Center. “She gives Athens the royal treatment when it comes to her volunteering spirit. My idea was to honor someone who, like the Greek version…

  • Parallel Proceedings,  Sentencing

    White-collar news stories via White Collar Crime Prof Blog

    Good roundup of white-collar news stories from Ellen Podgor and White Collar Crime Prof Blog: Mark Hamblett & Sara Randazzo, The AmLaw Daily, Ex-Kirkland Partner Sentenced to One Year For Tax  Fraud George J. Terwilliger III, National Law Journal, Walking a Tightrope in White-Collar Investigations AP, Las Vegas Sun, Ex-Akamai exec barred for 5 years in SEC case; Bob Van Voris, Bloomberg, Ex-Akamai Executive Settles SEC Suit Over Rajaratnam Tips Nate Raymond, Reuters, Baltimore Sun, U.S. prosecutor cautions against white-collar sentencing revamp Jennifer Koons, Main Justice, Former Enron Prosecutor Tapped to Head Criminal Division Zachery Fagenson, Reuters, Ex-Bolivian anti-corruption official denied bail in Miami extortion case