Letter of Apology

Recent Posts from Letter of Apology

• Two Little Words: “Not Guilty” For Cioffi And Tannin

  We are delighted to come out of hibernation and report the acquittal of former Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin by a federal jury in Brooklyn. The New York Post has…

• Ruling Awaited On Alaskan Corruption Probe

  Andrew Ramonas of Main Justice reports here that the DOJ has decided not to withdraw corruption charges against convicted Alaskan lawmakers Pete Kott and Victor Kohring. The two have been free in the wake of DOJ’s discovery that…

• The SEC and Bernard Madoff: Dereliction Of Duty

  Here at last is the Executive Summary to SEC Inspector General David Kotz’s “Investigation of Failure of the SEC to Uncover Bernard Madoff’s Ponzi Scheme.” sec-oig-madoff-executive-summary. The complete REPORT OF INVESTIGATION will apparently come out…

• Holder’s Choice

  Here is the Washington Post story on AG Holder’s decision to launch a preliminary investigation of alleged CIA torture. Career AUSA John Durham of Connecticut, already probing destruction of CIA interrogation tapes, gets the nod…

• Karl Rove Defends Himself

  Todays WSJ carries this column by Karl Rove, defending himself against allegations of impropriety in the U.S. Attorney firings scandal.

• Reyes Conviction Reversed Due To Prosecutorial Misconduct

  Yesterday the Ninth Circuit reversed former Brocade CEO Gregory Reyes’ securities fraud convictions, related to stock option backdating, due to prosecutorial misconduct. Here is the opinion, which I have not had time to read in…

• UBS Tax Scandal Has Hong Kong Angle

  Carrick Mollenkamp of the WSJ has an excellent piece here about the widening UBS tax scandal and the use of Hong Kong shelf corporations to facilitate the fraud. Now that the bank has agreed to hand over…

• Stanford Bail Motion Papers–Fifth Circuit

  Allen Stanford is trying to get Judge Hittner’s Pretrial Detention Order reversed in the Fifth Circuit. Here is Stanford’s Reply (to the Government’s Response), filed last week.

• Di Pascali Federal Criminal Information

  Here it is, c/o the USDOJ SDNY website.

• DiPascali Pleads Guilty, Agrees To Cooperate, Gets Placed In Custody

  The NYTimes story is here. Bloomberg’s update is here. Bernie Madoff’s statement (during allocution) that he acted alone is now unmistakably revealed as a fraud on the court.