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Med Mal News
Attorney Charged with Stealing from Med-Mal Claimants' Guardian Accounts
Brooklyn lawyer Steven T. Rondos has been charged with stealing more than $4 million from 23 guardianship bank accounts he supervised for incapacitated elderly people and children who received settlements in medical malpractice actions. Rondos and his law firm, Raia & Rondos, were charged Jan. 28 with money laundering, grand larceny and scheme to defraud. All the crimes charged in the indictment took place between 2001 and 2008. A Jan. 28 release from New York City's District Attorney stated: “In the medical malpractice cases, the victims were awarded large sums of money for their medical, physical, and developmental needs. As guardian of the assets of the incapacitated person, Rondos was legally obligated to manage and distribute funds as needed for the care of that person. Primarily, Rondos's obligation was to ensure that funds would be available for the needs of the incapacitated person and would be available for his or her lifetime. However, in addition to making distributions for the incapacitated people, Rondos wrote checks to himself and used the stolen funds to pay for personal expenses. In at least three instances, when he was confronted with the theft, Rondos stole funds from another victim to pay back the prior victim.” The District Attorney claims Rondos used some of the funds to pay his mortgage and make renovations to his home.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.