New York Paralegal Blog

WASHINGTON - Karl B. Rodney, the chief executive officer of the Carib News Foundation and publisher of Carib News, pleaded guilty today in U.S. District Court for the District of Columbia to making a false statement to the U.S. House of Representatives, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division. According to court documents, through the Carib News foundation and Carib News, Rodney has organized an annual conference for more than a decade in the Caribbean called the Annual Caribbean Multi-National Business Conference. Many of the conferences have been attended by members of Congress. In 2007, the House of Representatives modified its travel rules to require, among other things, that all privately-funded travel by members of Congress be pre-approved by the House of Representatives Committee on Standards of Official Conduct (Ethics Committee.) The pre-approval process required the private sponsor to submit a Private Sponsor Travel Certification ...

"Citigroup's announcement today that it will cut an additional 50,000 jobs is a sad and disturbing development for the company. As Citigroup suffers, so too do investors, employees, and taxpayers. At the very least, Citigroup should follow Goldman Sachs' lead and announce quickly that top executives will not be receiving bonuses this year. Citigroup's stated intention to wait until the new year to make its bonus decisions is a mistake. After four consecutive quarterly losses, it seems only fair that top executives should shoulder their fair share of these difficult economic times. It would send exactly the wrong message for Citigroup's top brass to collect bonuses while investors, taxpayers, and now Citigroup's own employees suffer." "Citigroup is, of course, not the only company in this situation. Other companies like AIG, who have received billions in rescue financing from taxpayers, also need to take a hard look in the mirror when determining the r...

New York-( 10/16/08)-Attorney General Andrew M. Cuomo met today with Edward M. Liddy, the new Chairman and Chief Executive Officer of American International Group, Inc. (“AIG”) In a candid discussion, the Attorney General laid out his serious concerns regarding executive compensation issues and exorbitant expenses at AIG. The meeting in the Attorney General’s New York City Offices occurred one day after Attorney General Cuomo informed AIG that it must recover improper bonuses and other payments and perks from its former executives or Cuomo would do so pursuant to New York law. During the meeting, Mr. Liddy agreed to take several significant actions with respect to expenditures at AIG. First, AIG has agreed to provide the New York Attorney General’s Office with an accounting of all compensation paid to its senior executives and has agreed to assist the Attorney General’s Office in recovering any illegal expenditures. This includes all forms of compensation paid to former CEO Martin Sull...

One year ago today two of New York’s bravest were killed in the line of duty, while responding to a fire at Deutsche Bank. The tragic deaths of Joseph Graffagnino and Bobby Beddia were, and are still, a reminder of the dangers faced by our uniformed first responders each and every day. Today, in memory of Mr. Graffagnino and Mr. Beddia, we suspended the work being done by the 400 men and women cleaning the Deutsche Bank building. The greatest tribute to the sacrifices made by these firefighters will be to complete the work on this building safely. My thoughts are with the families and loved ones who still endure the pain of these sudden losses, and my thanks go to their comrades who continue to keep New York safe.

WASHINGTON – United States Senator Theodore F. Stevens of Alaska was charged today in an indictment returned by a federal grand jury in the District of Columbia with seven counts of making false statements related to Stevens’ financial disclosure forms, Acting Assistant Attorney General Matthew Friedrich of the Criminal Division announced. The seven-count indictment charges Sen. Stevens, the former chairperson of the Senate Committee on Appropriations, with engaging in a nearly eight-year scheme to conceal his receipt of more than $250,000 in things of value from VECO Corporation, formerly a multi-national oil services company based in Alaska, and Bill J. Allen, the Chief Executive Officer of VECO at the time. According to the indictment, Stevens concealed these things of value from his publicly filed United States Senate financial disclosure forms. The things of value that Stevens allegedly received included: substantial home improvements to property Stevens owns in Girdwood, Alaska; ...