A former Goldman Sachs trader pleaded guilty to wire fraud Wednesday, admitting that he caused his company to lose $118 million in 2007 when he put $8 billion at risk.
Matthew Marshall Taylor, 34, said he took the position on a futures contract traded electronically through the Chicago Mercantile Exchange in December 2007 to enhance his reputation and boost his earnings in a year when he made $150,000 in salary and $1.6 million in bonuses. At the time, he was working at Goldman Sachs in lower Manhattan.
According to court papers filed in Manhattan, Taylor entered fictitious information in trading account records and lied to company representatives to cover up the fact that he had put 10 times more money at risk in the trade than he was allowed. He claimed that the $8 billion at risk was actually only $65 million, the papers said.
U.S. District Judge William H. Pauley III said he was miffed that the government in a plea deal was holding Taylor responsible for no more than $2.5 million in losses. The amount of money lost in financial crimes usually plays a significant role in the length of any prison sentence.
The judge also said he could not understand why the government was not making a legal finding that Taylor had used "sophisticated means" to carry out the crime. Such a designation would again likely increase the length of any prison sentence. Pauley also noted that the government could have claimed that the crime endangered the financial health of Goldman Sachs, a designation that also could increase a prison sentence. A prosecutor said he did not believe either enhancement was appropriate because Taylor carried out the fraud in a manner similar to his usual work patterns and the company's financial stability was not threatened.
Monday, April 8, 2013
Tuesday, February 5, 2013
Rosin Steinhagen Mendel - Adoption
Rosin Steinhagen Mendel’s adoption practice includes domestic private-placement / independent adoptions, private agency adoptions, foster care adoptions, interstate adoptions, stepparent and second parent adoptions, adult adoptions, re-adoptions and registration of foreign adoption decrees. Our firm represents birth parents in adoption matters and in custody and guardianship proceedings, and assists in the unsealing of adoption records.
Pre-Certification
Domestic Private-Placement / Independent Adoptions
Domestic Agency Adoptions
Interstate Adoptions
Foster Care Adoptions
Stepparent Adoptions
Second Parent Adoptions
Adult Adoptions
Re-adoptions
Registration of Foreign Adoption Decrees and Name Changes
Birth Parent Representation
Unsealing of Adoption Records
http://www.lawrsm.com/adoption-attorneys
Pre-Certification
Domestic Private-Placement / Independent Adoptions
Domestic Agency Adoptions
Interstate Adoptions
Foster Care Adoptions
Stepparent Adoptions
Second Parent Adoptions
Adult Adoptions
Re-adoptions
Registration of Foreign Adoption Decrees and Name Changes
Birth Parent Representation
Unsealing of Adoption Records
http://www.lawrsm.com/adoption-attorneys
Thursday, January 3, 2013
Colo. theater shooting lawyers head back to court
Prosecutors and defense lawyers in the Colorado theater shooting will head back to court Wednesday in advance of a crucial hearing in the case.
State District Judge William B. Sylvester has told both sides to appear before him to make sure everything is ready for next week's preliminary hearing, when prosecutors will outline their case against the defendant, James Holmes.
At the conclusion of the preliminary hearing, Sylvester will decide if the evidence is sufficient to put Holmes on trial.
Holmes is charged with killing 12 people and wounding 70 on July 20 in a movie theater in the Denver suburb of Aurora. Prosecutors say he opened fire during a midnight showing of the Batman movie "The Dark Night Rises."
Holmes faces multiple counts of first-degree murder and attempted murder and hasn't yet entered a plea. His lawyers have said he suffers from mental illness.
The preliminary hearing, which starts Monday, will give the public its first officially sanctioned look at much of the evidence against Holmes.
Sylvester imposed a gag order shortly after Holmes' arrest barring attorneys and investigators from speaking publicly about the case, and many documents have been sealed.
The University of Colorado, where Holmes was a graduate student, has also been tight-lipped about the case.
State District Judge William B. Sylvester has told both sides to appear before him to make sure everything is ready for next week's preliminary hearing, when prosecutors will outline their case against the defendant, James Holmes.
At the conclusion of the preliminary hearing, Sylvester will decide if the evidence is sufficient to put Holmes on trial.
Holmes is charged with killing 12 people and wounding 70 on July 20 in a movie theater in the Denver suburb of Aurora. Prosecutors say he opened fire during a midnight showing of the Batman movie "The Dark Night Rises."
Holmes faces multiple counts of first-degree murder and attempted murder and hasn't yet entered a plea. His lawyers have said he suffers from mental illness.
The preliminary hearing, which starts Monday, will give the public its first officially sanctioned look at much of the evidence against Holmes.
Sylvester imposed a gag order shortly after Holmes' arrest barring attorneys and investigators from speaking publicly about the case, and many documents have been sealed.
The University of Colorado, where Holmes was a graduate student, has also been tight-lipped about the case.
Thursday, November 8, 2012
Court allows hearings in Nevada abortion case
The Nevada Supreme Court on Tuesday denied a request to block a judge's hearings into the health risks of a mentally impaired woman's pregnancy.
The court's unanimous ruling allowed Washoe County District Judge Egan Walker to resume the evidentiary hearings Tuesday morning in a case that has drawn the attention of national anti-abortion groups.
The 32-year-old woman's parental guardians asked the court Friday to halt the hearings, saying Walker lacks the authority to terminate the pregnancy of their daughter, who has the mental capacity of a 6-year-old.
They claim they have exclusive authority over her health care decisions, and they want their daughter to carry the baby to term in line with their Catholic religious beliefs.
But the high court sided with Walker, saying he has the authority to monitor the woman's welfare and hold the hearings.
Justices noted the guardians failed to file an annual report regarding their daughter's condition and their performance of duties as required by state law. They also said the court obtained information about concerns over the woman's medical condition.
"The purpose of the evidentiary hearings at this time is merely to obtain information in order to make well-reasoned and informed decisions regarding the ward's medical care," justices wrote. "Under these circumstances, we conclude that the district court has not exceeded its jurisdiction or arbitrarily or capriciously exercised its discretion."
Attorney Jason Guinasso, who represents the guardians, was tied up in Tuesday's hearing and unavailable for immediate comment, according to his secretary.
Guinasso has said he's aware of only one similar case in the country. It involved a Massachusetts judge who ordered a mentally ill 31-year-old woman to have an abortion and to be sterilized against her wishes. The state Appeals Court overturned the decision Jan. 17.
The Nevada couple said that while the pregnancy poses health risks to their daughter and the baby, medical experts back them in their decision to continue the pregnancy. The woman suffers from epilepsy and is on medication.
The court's unanimous ruling allowed Washoe County District Judge Egan Walker to resume the evidentiary hearings Tuesday morning in a case that has drawn the attention of national anti-abortion groups.
The 32-year-old woman's parental guardians asked the court Friday to halt the hearings, saying Walker lacks the authority to terminate the pregnancy of their daughter, who has the mental capacity of a 6-year-old.
They claim they have exclusive authority over her health care decisions, and they want their daughter to carry the baby to term in line with their Catholic religious beliefs.
But the high court sided with Walker, saying he has the authority to monitor the woman's welfare and hold the hearings.
Justices noted the guardians failed to file an annual report regarding their daughter's condition and their performance of duties as required by state law. They also said the court obtained information about concerns over the woman's medical condition.
"The purpose of the evidentiary hearings at this time is merely to obtain information in order to make well-reasoned and informed decisions regarding the ward's medical care," justices wrote. "Under these circumstances, we conclude that the district court has not exceeded its jurisdiction or arbitrarily or capriciously exercised its discretion."
Attorney Jason Guinasso, who represents the guardians, was tied up in Tuesday's hearing and unavailable for immediate comment, according to his secretary.
Guinasso has said he's aware of only one similar case in the country. It involved a Massachusetts judge who ordered a mentally ill 31-year-old woman to have an abortion and to be sterilized against her wishes. The state Appeals Court overturned the decision Jan. 17.
The Nevada couple said that while the pregnancy poses health risks to their daughter and the baby, medical experts back them in their decision to continue the pregnancy. The woman suffers from epilepsy and is on medication.
Wednesday, October 17, 2012
Jersey City Workers' Compensation Lawyer
Certain jobs are inherently dangerous, and the types of injuries that may arise can be catastrophic. If a worker sustains serious injury from a fall, electrocution, chemical explosion, or other serious accident, the costs of the tragedy can build up quickly. In addition to loss of income, the injured worker may require long term hospitalization, physical therapy, and follow-up treatment. Getting injured on the job can place a huge burden on the individual. Emotional and financial stresses can take a toll and may not help the recovery process.
If you are injured while performing your job, you should contact a workers' compensation lawyer as you may be eligible to receive compensation for medical treatment, lost wages, and any permanent damage or disfigurement that you suffer. A workers' compensation lawyer can represent your interests and seek the maximum compensation that you are entitled to.
The Reinartz Law Firm represents workers who are injured on the job in a variety of matters involving:
Fractures
Herniations
Back injuries
Knee injuries, ankle injuries, shoulder injuries, and other joint injuries
Hip injuries
Eye/hearing loss
Disfigurement and scarring of face, neck, or hands
Carpal tunnel-repetitive trauma injuries
Asthma and other work related pulmonary conditions
Loss of use of limbs
Other work-related injuries
The law limits the time in which you may bring a workers' compensation claim. If you've been injured on the job, your claim may be significantly weakened if you don't take the right steps. Call today to discuss your case with an experienced Jersey City workers' compensation lawyer. Our website has more information on workers' compensation and other services we offer http://www.reinartzlaw.com/practice-areas/workers-compensation
If you are injured while performing your job, you should contact a workers' compensation lawyer as you may be eligible to receive compensation for medical treatment, lost wages, and any permanent damage or disfigurement that you suffer. A workers' compensation lawyer can represent your interests and seek the maximum compensation that you are entitled to.
The Reinartz Law Firm represents workers who are injured on the job in a variety of matters involving:
Fractures
Herniations
Back injuries
Knee injuries, ankle injuries, shoulder injuries, and other joint injuries
Hip injuries
Eye/hearing loss
Disfigurement and scarring of face, neck, or hands
Carpal tunnel-repetitive trauma injuries
Asthma and other work related pulmonary conditions
Loss of use of limbs
Other work-related injuries
The law limits the time in which you may bring a workers' compensation claim. If you've been injured on the job, your claim may be significantly weakened if you don't take the right steps. Call today to discuss your case with an experienced Jersey City workers' compensation lawyer. Our website has more information on workers' compensation and other services we offer http://www.reinartzlaw.com/practice-areas/workers-compensation
Monday, August 6, 2012
Fed. appeals court denies ex-Ill. governor appeal
A federal appellate court in Chicago has denied an appeal filed by imprisoned former Illinois Gov. George Ryan.
The 7th U.S. Circuit Court of Appeals released a 16-page ruling on Monday denying the 78-year-old Republican's appeal.
A ruling in his favor could have led to Ryan's release from an Indiana prison. It was widely seen as his last chance to get out of prison early.
Ryan is nearing the end of a 6 1/2-year sentence. He's due to be released in mid-2013.
The U.S. Supreme Court in April ordered the appeals court to revisit Ryan's arguments to overturn his conviction.
Last year, the lower court rejected arguments that the 2006 convictions should be tossed because prosecutors never proved Ryan took a bribe.
The 7th U.S. Circuit Court of Appeals released a 16-page ruling on Monday denying the 78-year-old Republican's appeal.
A ruling in his favor could have led to Ryan's release from an Indiana prison. It was widely seen as his last chance to get out of prison early.
Ryan is nearing the end of a 6 1/2-year sentence. He's due to be released in mid-2013.
The U.S. Supreme Court in April ordered the appeals court to revisit Ryan's arguments to overturn his conviction.
Last year, the lower court rejected arguments that the 2006 convictions should be tossed because prosecutors never proved Ryan took a bribe.
Friday, June 15, 2012
New York SEC Attorneys - Herskovits Law
Employment claims brought by securities industry participants involve issues unique to the securities industry. Having represented broker-dealers and registered representatives, we have substantial experience with both sides of these disputes and have prosecuted or defended claims for Form U5 expungement, unpaid deferred compensation (including Restricted Stock Units), enforcement of employee forgivable loans (EFL), broker-dealer raiding, unpaid bonuses or commissions, and wrongful termination.
Over the past five years, Robert Herskovits has successfully prosecuted a significant number of EFL cases brought on behalf of Jefferies & Company, Inc. and smaller broker-dealers. As a small law firm, we remain free from many of the conflicts associated with larger firms, and have defended a multitude of EFL cases brought by various broker-dealers. When defending an EFL case, we structure a defense designed to achieve a resolution with a significant discount to the Note's unpaid balance.
Herskovits Law has expertise in both prosecuting and defending claims for securities industry participants involved in issues in the securities industry. Having represented numerous employees, their reputation for effective advocacy by advancing their clients' interests from the outset of each case has been acknowledged in the New York Securities Industry. See www.herskovitslaw.com.
Over the past five years, Robert Herskovits has successfully prosecuted a significant number of EFL cases brought on behalf of Jefferies & Company, Inc. and smaller broker-dealers. As a small law firm, we remain free from many of the conflicts associated with larger firms, and have defended a multitude of EFL cases brought by various broker-dealers. When defending an EFL case, we structure a defense designed to achieve a resolution with a significant discount to the Note's unpaid balance.
Herskovits Law has expertise in both prosecuting and defending claims for securities industry participants involved in issues in the securities industry. Having represented numerous employees, their reputation for effective advocacy by advancing their clients' interests from the outset of each case has been acknowledged in the New York Securities Industry. See www.herskovitslaw.com.
Subscribe to:
Posts (Atom)