A former Locke Lord LLP partner convicted at trial in 2019 of laundering around $400 million in proceeds from the global OneCoin cryptocurrency scam was sentenced Thursday to 10 years in prison as a New York federal judge found the partner was well aware that the funds came from a "massive crime."
Ackerman McQueen's chief financial officer confirmed Wednesday that the advertising agency paid for certain expenses of the National Rifle Association and billed the gun rights group, a practice which the New York attorney general contends allowed the NRA to conceal payment of personal and undocumented expenses to its executives.
Retired Lt. Col. and former National Rifle Association President Oliver North on Tuesday told a New York jury how the gun rights group's CEO Wayne LaPierre and his allies sidelined him after he demanded an outside audit of the nonprofit's finances, including "astronomical" legal fees from its longtime attorneys.
Former HSBC foreign currency trading executive Mark Johnson on Wednesday urged a New York federal judge to vacate his conviction for allegedly defrauding a Scottish oil and gas company in a $3.5 billion currency exchange deal, in light of the U.S. Supreme Court's decision to nullify the Second Circuit's "right-to-control" theory of wire fraud.