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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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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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Italian court convicts 7 for no quake warning
Law Firm Legal News |
2012/10/27 13:44
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Defying assertions that earthquakes cannot be predicted, an Italian court convicted seven scientists and experts of manslaughter Monday for failing to adequately warn residents before a temblor struck central Italy in 2009 and killed more than 300 people.
The court in L'Aquila also sentenced the defendants to six years each in prison. All are members of the national Great Risks Commission, and several are prominent scientists or geological and disaster experts.
Scientists had decried the trial as ridiculous, contending that science has no reliable way of predicting earthquakes. So news of the verdict shook the tightknit community of earthquake experts worldwide.
It's a sad day for science, said seismologist Susan Hough, of the U.S. Geological Survey in Pasadena, Calif. It's unsettling. That fellow seismic experts in Italy were singled out in the case hits you in the gut, Hough added.
In Italy, convictions aren't definitive until after at least one level of appeals, so it is unlikely any of the defendants would face jail immediately.
Other Italian public officials and experts have been put on trial for earthquake-triggered damage, such as the case in southern Italy for the collapse of a school in a 2002 quake in which 27 children and a teacher were killed. But that case centered on allegations of shoddy construction of buildings in quake-prone areas. |
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Feds seek full court review of cigarette warnings
Law Firm Legal News |
2012/10/10 13:05
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The U.S. government is asking a federal appeals court to rehear a challenge to a Food and Drug Administration requirement that tobacco companies to put large graphic health warnings on cigarette packages to show that smoking can disfigure and even kill people.
The Justice Department filed a petition Tuesday asking for the full court to rehear the case after a three-judge panel of the U.S. Court of Appeals in Washington affirmed in August a lower court ruling blocking the mandate, saying it ran afoul of the First Amendment's free speech protections. However, the court rarely grants such appeals.
Some of the nation's largest tobacco companies, including R.J. Reynolds Tobacco Co., sued to block the mandate to include warnings to show the dangers of smoking and encouraging smokers to quit lighting up. They argued that the proposed warnings went beyond factual information into anti-smoking advocacy. The government argued the photos of dead and diseased smokers are factual. |
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