New York Paralegal Blog

WASHINGTON—A former JP Morgan Chase employee pleaded guilty today for his participation in a conspiracy related to municipal bonds, the Department of Justice announced.

Preet Bharara, the United States Attorney for the Southern District of New York, announced that RICHARD LIPSKY, a lobbyist, pled guilty today to two counts of bribing former New York State Senator Carl Kruger. LIPSKY pled guilty before U.S. District Judge Jed S. Rakoff.

NEW YORK—Stanley Ng, formerly the Securities and Exchange Commission (SEC) reporting manager at Marvell Technology Group Ltd., pleaded guilty today in connection with his involvement in an insider trading scheme, announced Preet Bharara, U.S. Attorney for the Southern District of New York. Ng pleaded guilty before U.S. District Judge Jed S. Rakoff to conspiring to commit securities fraud and wire fraud by providing material, non-public information about Marvell to Winifred Jiau and Son Ngoc Nguyen, for the purpose of executing profitable securities transactions.

Manhattan District Attorney Cyrus R. Vance, Jr., today announced the guilty plea of ALBERTO BARRIERA, 47, for the 1993 rape of a 16-year-old girl in her apartment building in the Lower East Side of Manhattan. BARRIERA pled guilty to Rape in the First Degree and is expected to be sentenced to 10 to 20 years in prison on August 17, 2011. Because his identity was unknown at the time, BARRIERA’s DNA profile was indicted as a “John Doe” case before the 10-year statute of limitations expired. Seventeen years after the rape, the defendant’s DNA was collected after 2009 felony convictions for drug possession and transport in Virginia, and his profile matched this Manhattan sexual assault.

Earlier today, Vincent McCrudden, a former commodities trader, pleaded guilty to two counts of transmitting threats to kill more than 40 current and former officials of the U.S. Securities and Exchange Commission (“SEC”), the Financial Industry Regulatory Authority (“FINRA”), the National Futures Association (“NFA”) and the U.S. Commodities Futures Trading Commission (“CFTC”). McCrudden has been in custody since his arrest on January 14, 2011.

PHILADELPHIA—Roosevelt Hairston Jr., 46,of Malvern, PA, pleaded guilty today to mail fraud, money laundering, and filing a false tax return stemming from his embezzlement of $1.7 million from the Children’s Hospital of Philadelphia, announced United States Attorney Zane David Memeger. A sentencing hearing is scheduled for October 13, 2011. Hairston was employed in various senior positions at CHOP, including most recently as general counsel and executive vice president. Between 1999 and February 14, 2011, Hairston used dozens of false invoices he created for shell companies to steal from CHOP. Hairston was able to steal for so long because he occupied a position of trust at the hospital and because he engaged in extensive efforts to conceal and prolong the scheme. Hairston used the funds he stole from CHOP to live a lavish lifestyle, purchasing items such as real estate, a yacht with a captain, and high-end automobiles. Hairston faces five to seven years in prison, restitution, and ...

WASHINGTON — A British marine hose manufacturer has agreed to plead guilty and pay $4.54 million in criminal fines for participating in a conspiracy to rig bids, fix prices and allocate market shares of marine hose sold in the United States and elsewhere, the Department of Justice announced today. A one-count felony charge was filed today in U.S. District Court in Fort Lauderdale, Fla., against Dunlop Oil & Marine Ltd. (Dunlop), a manufacturer of marine hose located in Grimsby, England. Under the terms of the plea agreement, which is subject to court approval, Dunlop has agreed to pay a criminal fine of $4.54 million and to cooperate fully in the Department’s ongoing antitrust investigation. Dunlop is the second corporation to be charged in the investigation. More...