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Retired Army Colonel Pleads Guilty to Breaking Law in Job Hunt
Lawyer News Press |
2015/04/15 16:00
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A retired Army colonel pleaded guilty to negotiating his post-military employment with a helicopter company that did business with the Defense Department office he ran while still in uniform, according to court records filed Tuesday by U.S. government attorneys.
The former officer, Norbert Vergez, caused the terms of a contract to be adjusted so that the company would be paid faster, said a plea agreement detailing the charges. Vergez also failed to disclose on his ethics form that he had received a $30,000 check from a second company for relocation expenses. Officers of Vergez's seniority are typically allowed to be reimbursed by Defense Department for their final moving expenses.
The companies are not named in the records, which were filed in U.S. District Court in Alabama. But the documents describe MD Helicopters in Mesa, Arizona, and Patriarch Partners, a private equity firm in New York. Both companies are owned by Wall Street executive Lynn Tilton.
Vergez, 49, went to work for Tilton three months after retiring from military service in November 2012. Attorneys for Vergez did not respond to a request for comment.
The Associated Press reported in March 2014 that Vergez and Tilton were in unusually close contact for more than a year before he retired.
In an emailed statement, Patriarch Partners said it and MD Helicopters cooperated fully with the government's investigation. "Mr. Vergez's plea agreement does not contain any allegations of improper conduct by MD Helicopters, Patriarch Partners, or any of its personnel," according to the statement. |
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Ex-Premier Zia avoids arrest as Bangladesh court grants bail
Lawyer News Press |
2015/04/07 13:56
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Former Bangladesh Prime Minister Khaleda Zia avoided arrest on corruption charges Sunday after a court granted her bail.
Judge Abu Ahmed Jamadder approved Zia's request for bail when she surrendered to court in the capital, Dhaka.
Zia left her office for the first since Jan. 5, when authorities had initially barred her from leaving to attend an anti-government rally calling for the resignation of Prime Minister Sheikh Hasina, her archrival. Authorities later said she was free to move to her nearby residence, but Zia refused, vowing to continue with anti-government protests that have turned violent, leaving nearly 115 people dead since the beginning of the year.
Zia's lawyers have rejected allegations that she illegally collected more than $1 million in donations for a charity during her last premiership in 2001-2006, and say the charges are politically motivated, which authorities deny. The trial began early last year.
The court had issued an arrest warrant for Zia in February after she failed to appear to answer the charges against her. Prosecutors on Sunday did not oppose Zia's bail request.
Zia currently leads a 20-party opposition alliance that has been enforcing a nonstop transportation blockade across the South Asian country since early January to demand that Hasina resign and a new election be called.
The blockade began after a year of relative calm following a January 2014 election that was boycotted by Zia's party. The boycott allowed Hasina to come to power with an overwhelming majority, and she says there is no need for another election before 2019, when her five-year term ends.
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Jury finds ex-San Francisco bank executive guilty of fraud
Lawyer News Press |
2015/03/31 14:37
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A former executive of a San Francisco-based bank that received federal bailout money has been convicted of fraud.
U.S. Attorney Melinda Haag said Thursday a federal jury in Oakland found 66-year-old Ebrahim Shabudin guilty of conspiring with others within the bank to falsify key bank records as part of a scheme to conceal millions of dollars in losses and falsely inflate the bank's financial statements.
Shabudin was Chief Operating Officer for United Commercial Bank between 2008 and 2009.
United Commercial Bank received $298 million from the Troubled Asset Relief Program, or TARP, in 2008 during the height of the nation's financial crisis. That money was lost when the bank was seized by regulators, shuttered and filed for bankruptcy the following year. Shabudin faces up to 25 years in prison. |
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Anxiety over Supreme Court's latest dive into health care
Lawyer News Press |
2015/02/04 10:59
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Nearly five years after President Barack Obama signed his health care overhaul into law, its fate is yet again in the hands of the Supreme Court.
This time it's not just the White House and Democrats who have reason to be anxious. Republican lawmakers and governors won't escape the political fallout if the court invalidates insurance subsidies worth billions of dollars to people in more than 30 states.
Obama's law offers subsidized private insurance to people who don't have access to it on the job. Without financial assistance with their premiums, millions of those consumers would drop coverage.
And disruptions in the affected states don't end there. If droves of healthy people bail out of HealthCare.gov, residents buying individual policies outside the government market would face a jump in premiums. That's because self-pay customers are in the same insurance pool as the subsidized ones.
Health insurers spent millions to defeat the law as it was being debated. But the industry told the court last month that the subsidies are a key to making the insurance overhaul work. Withdrawing them would "make the situation worse than it was before" Congress passed the Affordable Care Act.
The debate over "Obamacare" was messy enough when just politics and ideology were involved. It gets really dicey with the well-being of millions of people in the balance. "It is not simply a function of law or ideology; there are practical impacts on high numbers of people," said Republican Mike Leavitt, a former federal health secretary.
The legal issues involve the leeway accorded to federal agencies in applying complex legislation. Opponents argue that the precise wording of the law only allows subsidies in states that have set up their own insurance markets, or exchanges. That would leave out most beneficiaries, who live in states where the federal government runs the exchanges. The administration and Democratic lawmakers who wrote the law say Congress' clear intent was to provide subsidies to people in every state.
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Aggressive Securities Arbitration Services
Lawyer News Press |
2014/10/22 15:22
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