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Bernard Madoff brother to face victims in NY court
Law Firm Legal News |
2012/12/20 13:28
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The suspense surrounding the sentencing of the brother of Ponzi king Bernard Madoff will largely be absent because a plea agreement makes a 10-year prison term all but certain.
But drama will likely fill the courtroom Thursday in U.S. District Court in Manhattan anyway as 67-year-old Peter Madoff faces some of the heartbroken investors who lost their savings when the unprecedented fraud was revealed four years ago this month.
When he pleaded guilty to conspiracy and falsifying books and records of an investment adviser, the former senior compliance officer at the Madoff private investment business said he was shocked and devastated when his brother revealed several days before he surrendered that thousands of accounts supposedly worth $65 billion were worthless. Investigators say Bernard Madoff had distributed most of the $20 billion he took in over several decades to other investors while investing none of it in the markets as he had promised to do.
A court-appointed monitor has so far recovered nearly $9.3 billion that was lost, mostly by clawing back money from investors who received large payouts along the way. Most of the money has not yet been distributed. A small part of the recovery has resulted from the sale of numerous Madoff family assets, including the toys of the wealthy — multi-million dollar homes, fancy cars, yachts and art.
In a pre-sentence brief, attorney John Wing said his client was subject to a draconian forfeiture order that in one stroke stripped him of all existing assets, his home, his pension, his savings, his personal property, etc. and of all future assets and income should he even have the opportunity to earn any income after serving his prison sentence. He said Peter Madoff will be left a jobless pariah when he gets out of prison. |
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Minn. gay couple in '71 marriage case still united
Law Firm Legal News |
2012/12/10 14:41
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When Jack Baker proposed to Michael McConnell that they join their lives together as a couple, in March 1967, McConnell accepted with a condition that was utterly radical for its time: that someday they would legally marry.
Just a few years later, the U.S. Supreme Court slammed the door on the men's Minnesota lawsuit to be the first same-sex couple to legally marry in the U.S. It took another 40 years for the nation's highest court to revisit gay marriage rights, and Baker and McConnell — still together, still living in Minneapolis — are alive to see it.
On Friday, the justices decided to take a potentially historic look at gay marriage by agreeing to hear two cases that challenge official discrimination against gay Americans either by forbidding them from marrying or denying those who can marry legally the right to obtain federal benefits that are available to heterosexual married couples.
The outcome was never in doubt because the conclusion was intuitively obvious to a first-year law student, Baker wrote in an email to The Associated Press. The couple, who have kept a low profile in the years since they made national headlines with their marriage pursuit, declined an interview request but responded to a few questions via email.
While Baker saw the court's action as an obvious step, marriage between two men was nearly unthinkable to most Americans decades earlier when the couple walked into the Hennepin County courthouse in Minneapolis on May 18, 1970, and tried to get a license. |
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Court upholds sentence of ex-CIA station chief
Trending Legal Issues |
2012/12/03 19:07
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An appeals court has unanimously upheld the nearly 5 ½-year sentence of a former CIA station chief for sexually abusing an unconscious woman at the mansion the U.S. government provided for him in Algeria.
The three-judge panel ruled Friday that U.S. District Judge Ellen Huvelle had adequately explained why she sentenced Andrew Warren to roughly double what was called for in sentencing guidelines.
Warren argued that his Post-Traumatic Stress Disorder, depression and substance abuse made it unreasonable to give him more than a brief sentence, followed by treatment at a private facility. The appeals court disagreed.
After Warren was fired, federal agents found him high on crack in a Virginia motel room with a semi-automatic pistol in his shorts. He pleaded guilty to abusive sexual contact and a gun charge. |
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Generals backed Kelley's sister in court
Law Firm Legal News |
2012/11/15 12:54
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In the latest twist of the David Petraeus sex scandal, court records show the former CIA director and Gen. John Allen intervened last September in a messy custody dispute on behalf of Jill Kelley's sister, whom a judge described as dishonest and lacking integrity.
Kelley is the woman who received harassing emails from Petraeus' biographer and paramour, according to U.S officials. She also is thought to have exchanged flirtatious communications with Allen, the top U.S. commander in Afghanistan. Pentagon investigators are now examining Allen's relationship with Kelley.
The new court files are significant because they provide of a fuller picture of the twins' connections to Petraeus and Allen, two powerful figures ensnared in the scandal. It also raises questions why two decorated generals would vouch for Kelley's twin sister, Natalie Khawam, who had piles of legal troubles in recent years.
Petraeus resigned Friday as CIA director after disclosures that author Paula Broadwell sent the emails to Kelley, who in turn went to the FBI, setting off a series of stunning revelations that have engulfed Washington just days after President Barack Obama was re-elected.
Both Allen and Petraeus wrote letters in September supporting Khawam in her ongoing custody fight for her son, D.C. Superior Court records show. Allen met Khawam, 37, when he was deputy commander of U.S. Central Command in Tampa, where they attended social functions. Petraeus said he met Khawam three years ago through Kelley. |
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Former US Attorney taking job at law firm in Chicago
Attorney Legal Opinions |
2012/11/06 10:50
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Former U.S. Attorney Patrick Fitzgerald has a new job. Fitzgerald plans to join Skadden, Arps, Slate, Meagher amp; Flom LLP. Fitzgerald will become a partner in the corporate law firm's Chicago office on Oct. 29.
Ads by GoogleDuring his tenure as U.S. attorney, Fitzgerald gained recognition for leading investigations into terrorism and organized crime, as well as the prosecutions of two Illinois governors. He stepped down as the top federal prosecutor in Chicago earlier this year.
Fitzgerald says he picked Skadden over other large firms because of its global reach and the opportunity to do some public-interest work.
Skadden has about 1,800 lawyers in 23 offices around the world, including about 170 attorneys in Chicago. |
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