It’s been nearly a decade since the financial crisis. Five years have passed since the collapse of the law firm Dewey & LeBoeuf, which once employed close to 1,400 lawyers. Approximately two months ago, a jury in Manhattan convicted Joel Sanders, the law firm’s former chief financial officer, on three criminal counts arising from what prosecutors said was a scheme to hide the firm’s failing finances from financial backers. Meanwhile, Stephen DiCarmine, the former executive director, was acquitted of the same charges.
Sanders and DiCarmine were accused of inflating income as Dewey’s cash flow slowed to a trickle. Prosecutors claimed the executives used illegal accounting adjustments, mischaracterizing expenses and payments to partners between 2008 and 2012, to conceal the firm’s financial struggles from investors. Manhattan prosecutors said DiCarmine and Sanders had plotted to manipulate the firm’s financial records to defraud banks and insurance companies that had invested in a bond offering. The folding was the largest of any law firm in U.S. history. Sanders could be sentenced to as many as four years in prison for concealing the severity of Dewey & LeBoeuf’s monetary woes.
The case highlights the challenges prosecutors face in trying to hold individuals responsible for corporate crime, even with the help of cooperating witnesses. The case will be studied at the Federal Bar Association’s 2017 Annual Meeting and Convention (September 14-16) in Atlanta, Georgia. Visit www.fedbar.org/FBACon17 today to take advantage of discounted registration rates.
On Thursday, September 14, don’t miss a vigorous discussion on white-collar crime, trial tactics, business and securities litigation, and criminal procedure. “Trial Tactics in Major White-Collar Criminal Cases: Lessons Learned from the Dewey & LeBoeuf Trials” will be moderated by Scott Wagner (Bilzin Sumberg) with panelists Elkan Abramowitz (Morvillio Abramowitz Grand Iason & Anello PC) and Joe Whitley (Baker Donelson) reviewing the trial tactics employed at the recent Dewey & LeBoeuf white-collar criminal trials. Insiders and respected players in the white-collar criminal field shall:
- Use real-life examples to emphasize successful trial tactics (both in criminal and civil trials)
- Provide pointers for breaking down complex issues and presenting them to a jury
- Address the effects of the media in a high profile trial
Gain practical knowledge about the strategies employed by the prosecution and defense in white-collar criminal cases, including jury selection; opening/closing arguments; witness presentation; and the effect of the media in a trial that garnered overwhelming media attention. Register on or before August 4, 2017 to take advantage of early-bird registration rates.
Stacy Slotnick, Esq. holds a J.D., cum laude, from Touro Law Center and a B.A., summa cum laude, from the University of Massachusetts Amherst. She performs a broad range of duties as an entertainment lawyer, including drafting and negotiating contracts; addressing and litigating trademark, copyright, patent, and other IP issues; and directing the strategy and implementation of public relations, blogging, and social media campaigns.