• Features

    “Spoofing” as Fraud: A Novel and Untested Theory of Prosecution

    Jodi Misher Peikin and Justin Roller

    The DOJ has signaled its intent to pursue prosecutions for spoofing — which the law defines as “bidding or offering with the intent to cancel the bid or offer before execution” — aggressively. This article begins with a brief discussion of the elements that the government must prove to establish commodities fraud and wire fraud. It then examines recent spoofing prosecutions that raise important questions about the applicability of the traditional fraud statutes to spoofing-related activity. How the federal courts answer these open questions will have significant implications for participants in the commodities markets.

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  • Features

    FCA Cases: Convincing DOJ to Move to Dismiss

    Jacqueline C. Wolff

    Recent actions by the DOJ suggest that although the DOJ may continue to prosecute certain relators’ FCA cases, other relators may find themselves on the other side of a government motion to dismiss.

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  • Columns & Departments

    In the Courts

    Kate Monks

    The Ninth Circuit affirmed the majority of an $11 million jury verdict brought by a whistleblower who claimed that his company fired him for raising concerns about possible FCPA violations.

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  • Columns & Departments

    Business Crimes Hotline

    Kate Monks

    The former CEO of a pharmaceutical company was found guilty by a jury on eight counts of wire fraud affecting a financial institution for orchestrating a scheme that led to the collapse of one of Puerto Rico’s biggest banks.

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