Regulators to Focus On Shadow Banking

By | White Collar Crime Watch | November 21, 2014
Regulators to Focus On Shadow Banking

Ahead of the 2014 G20 summit in Brisbane, Mark Carney, Governor of the Bank of England and Chairman of the Financial Stability Board (the “FSB”), the watchdog entrusted with safeguarding against future financial crises, revealed that institutions falling within the unregulated scope of the “shadow banking” sector will face increased scrutiny from financial regulators over the coming year because of the risks they pose to financial stability.

DOJ Wields Financial Institutions Reform, Recovery, and Enforcement Act Against Financial Institutions

By | Subject to Inquiry | November 21, 2014
DOJ Wields Financial Institutions Reform, Recovery, and Enforcement Act Against Financial Institutions

In 2012 and 2013, the Department of Justice brought a slew of actions against several financial institutions under a rarely used and little-known statute from the late 1980s for conduct related to the mortgage crisis. Outcomes in these cases in recent months show the statute’s potency and likely indicate that the government will continue to use this statute in the future.

Vascular Solutions Inc. and Its CEO Face Criminal Charges for Selling Unapproved Medical Devices

Last week, the Civil Division of the U.S. Department of Justice (DOJ) filed an indictment charging Vascular Solutions Inc. (VSI) and its CEO Howard Root with (1) selling medical devices without the approval of the U.S. Food and Drug Administration (FDA); and (2) conspiring to defraud the U.S. government by concealing their illegal activities.  This case is pending in the U.S. District Court for the Western District of Texas.

Holding Guilty Accountable in PCA Case Taking Time

By | Food Safety News | November 19, 2014
Holding Guilty Accountable in PCA Case Taking Time

After the jury verdicts came in for the Peanut Corporation of American criminal trial two months ago, U.S. Attorney General Eric Holder said the trial in Albany, GA showed how “any individual or company that puts the health of consumers at risk by criminally selling tainted food will be caught, prosecuted, and held accountable to the fullest extent of the law.”

Proposed New Jersey Legislation Seeks to Protect Privacy Interests in Motor Vehicle’s “Black Box” Data

Proposed New Jersey Legislation Seeks to Protect Privacy Interests in Motor Vehicle’s “Black Box” Data

In past investigations into automobile collisions, drivers often faced little challenge to their claims that they adhered to speed limits but somehow lost control of the car, that they applied their brakes but could not slow down in time, or that they steered to avoid animals who invariably left no footprints as they scampered away leaving twisted metal and carnage in their wake.