Former President, Chief Executive Officer, Acting Chairman and Vice Chairman of FirstCity Bank Mark A. Conner was sentenced to 12 years’ imprisonment in the U.S. District Court for the Northern District of Georgia, as reported in the Canton-Sixes Patch. He had been indicted in March, along with FirstCity Vice President Clayton A. Coe. Conner and… Continue Reading
Tag Archives: President
Openings in Two High Profile Criminal Trials: Clemens & Edwards
Posted in High Profile CasesIn former Senator John Edwards’ trial, opening statements have concluded and Edwards’ former staffer, Andrew Young, is currently on the stand, according to the Greensboro, North Carolina, News & Record. Assistant United States Attorney David Harbach emphasized Edwards’ deception and manipulation of those around him in order to preserve his chance to become President. The… Continue Reading
Preview of the John Edwards Trial and the Potential Problems With the Government’s Case
Posted in High Profile CasesThe trial of former North Carolina Senator, Vice President nominee and candidate for President Johnny Reid (“John”) Edwards for alleged mishandling of campaign funds is underway in the U.S. District Court for the Middle District of North Carolina. Opening statements in the case will take place next Monday. The outcome of the trial will be… Continue Reading
Four Executives Acquitted in Florida Hurricane Catastrophe Fraud Case
Posted in AcquittalAs reported in the Miami Herald, four former executives for Vanguard Fire and Casualty Co. were acquitted yesterday in the U.S. District Court for the Northern District of Florida in Tallahassee on charges that they allegedly defrauded the Florida Hurricane Catastrophe Fund of $20 million. The charges arose from the 2004 hurricane season, one of the… Continue Reading
Former CEO of Kansas Utility Westar Energy Receives $36 Million Settlement, Plus $3.1 Million in Legal Fees for Dismissed Criminal Prosecution
Posted in Fraud, MistrialWestar Energy, the largest electrical utility in the State of Kansas, announced last week that it will pay former Chief Executive Officer, President and Chairman of the Board, David Wittig $36 million as an arbitration settlement relating to Wittig’s compensation contract, as well as $3.1 million in attorney’s fees and $2.7 million in stock compensation,… Continue Reading
President Obama Issues Pardons; To Rob or Not to Rob? 78 Year-Old Georgia Man Charged With Bank Robbery
Posted in MiscellaneousToday’s Atlanta Journal-Constitution has an article on the nine pardons announced by the White House on Friday–the first pardons issued by President Obama. The pardons related to a variety of offenses dating all the way back to 1960. Only recipient appears to have been charged with an alleged federal, "white collar" crime–Laurens Dorsey, of Syracuse,… Continue Reading
Defendant in Stock Option Backdating Case Requests Hearing Based on Prosecutorial Misconduct/Interference with Witnesses
Posted in Fraud, Governmental Misconduct, indictmentAs reported by Law.com, Bruce Karatz, Chief Executive Officers of KB Home, a home construction corporation based in Los Angeles, California, was indicted in the action of U.S. v. Nicholas, 2:09-cr-00203-ODW (C.D.Ca. 2009), on 20 counts of fraud for defrauding the company and its shareholders of millions of dollars in undisclosed backdated stock option over a… Continue Reading