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January 2020 Archives

Prosecutor says insider trading laws should be clarified

Individuals in New York and throughout the country could face jail time and other penalties for engaging in insider trading. However, there is no law that specifically says what insider trading is. A panel led by a former federal prosecutor says that the government needs to clarify what exactly constitutes insider trading. He claims that doing so could benefit traders, judges and those tasked with regulating financial markets.

Man to be sentenced in embezzlement scheme

A New York man who owned several nursing home and rehabilitation facilities entered a guilty plea to multiple charges in a Bridgeport federal court. The 71-year-old acknowledged that he stole $4.1 million from the Bridgeport Health Care Center pension plan between 2011 and 2018. He was the trustee of the pension plan, and the money was diverted to a charity that the defendant ran called Em Kol Chai. Money was also diverted directly to the defendant as well as other associates.

Heavier federal charges against man accused of Hanukkah attack

A New York man accused of attacking participants at a Hanukkah celebration taking place at a rabbi's home in Rockland County is facing a number of federal criminal charges. In addition to the indictment for the alleged attack itself, the man is also facing elevated charges based on the motivation for the crime. He is accused of five counts of willfully causing bodily injury because of the victims' religion and five counts of obstructing the free exercise of religion through an attempt to kill. The man is accused of bringing an 18-inch machete with him and invading the crowded personal home of an Orthodox Jewish rabbi while congregants celebrated the holiday.

The elements of bribery

Those who try to offer government officials something of value in exchange for favorable treatment may be engaging in bribery. In many cases, both the party giving the bribe and the party accepting the bribe can be charged with a crime. To prove that bribery occurred, a New York prosecutor would need to show that a person or entity intended to act in a corrupt manner.

Book printer indicted for wire fraud, embezzlement

On Dec. 19, the owner of a book printing business in New York was arraigned on charges of embezzlement and wire fraud. The 63-year-old man was handed 10 wire fraud counts for allegedly submitting falsified invoices. In addition, he was charged with one count of embezzlement for allegedly keeping employee contributions that were supposed to be paid to a company health benefit plan.

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