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Lathrop B. Nelson, III is a partner in the Litigation Department at Montgomery McCracken. His practice concentrates on complex commercial litigation and government investigations and white collar crime. Lathrop received a J.D. degree from the University of Virginia School of Law in 2001 and a B.A. degree, cum laude, in History and Politics from Washington and Lee University in 1997.
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Jan 16

DOJ Increasing Activity over Foreign Bank Accounts: Lessons from the Beanie Babies Founder’s Prosecution

H. Ty Warner, the billionaire creator of the popular Beanie Babies, was sentenced on Tuesday to two years of probation for tax evasion. The one-time top toy tycoon pleaded guilty to a single count of felony tax evasion in October 2013, acknowledging that he failed… Read More

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Financial Crimes

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Dec 10

Update: Second Circuit Limits Government’s “Stream of Payments” Statute of Limitations Theory

Last week, White Collar Alert editor Erin Dougherty reported on the Second Circuit’s unusual summary order reversing the convictions of three former General Electric Co. executives for bid rigging.  Yesterday, in a 2-1 decision, the Second Circuit confirmed the expected basis for the reversal, holding… Read More

Dec 09

Gordon Gekko Redux: Jordan Belfort’s Hollywood Redemption?

We all remember the infamous Gordon Gekko scene from the original Wall Street movie when he empowered Teldar Paper shareholders with his “Greed is good” speech: Greed, for lack of a better word, is good.  Greed is right, greed works.  Greed clarifies, cuts through, and… Read More

Nov 19

Recent Study Shows White-Collar Criminals Adjust Fine to Prison Life: True?

11/21/13 Update:  The Giudices pled not guilty to the new charges on November 20, 2013. As every Real Housewives of New Jersey fan knows, Teresa and her husband Joe Giudice are facing serious allegations in a 39-count indictment for inter alia, conspiracy to commit mail… Read More

Nov 14

The Blame Game: Who Should be Indicted – the Company or the Individual?

Just how wide is the net being cast upon SAC by federal authorities?  Last week, I posted about the unprecedented plea agreement worked out between prosecutors and SAC Capital Advisors, L.P. in what could be described as the most rampant insider trading scheme ever charged.… Read More

Nov 06

The “Effects” of Fraud that “Affect” a Financial Institution

The Department of Justice has recently dusted off the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (“FIRREA”) – enacted following the savings and loan crisis of the 1980s to protect financial institutions from fraud – as an offensive weapon against financial institutions themselves.… Read More