Posted on: Thursday, February 13th, 2014
Written by Price Benowitz, LLP Staff Writer
Feb. 13, 2014
When trusted overseers dismiss their fiduciary responsibility by misappropriating the funds or property of others, embezzlement has likely occurred. Government, private sectors and non-profits have all seen an uptick in cases of this fraudulent nature in several Virginia counties.
Volunteer Ellen Baker of Essex County was recently charged on three felony indictments for embezzling $800 from the Christmas Mother Fund, a social services program that delivers holiday gifts to needy families. Baker is accused of stealing charitable dollars for personal use, dating back to August 2011. As of late January, Tappahannock Police were soliciting information...
Posted on: Friday, January 3rd, 2014
Written by Brooks Hays, staff writer and content editor (1/03/2014)
A cursory reading of the latest headlines surrounding J.P. Morgan’s hiring of China’s elites (supposedly in hopes of earning favor with businesses there) might leave one wondering: what’s so illegal about that?
That J.P. Morgan and other banks hired the sons and daughters of powerful Chinese politicians, as well as the offspring of the heads of state-owned business, might not strike many as particularly surprising. After all, you don’t have to be depressingly cynical to realize cronyism is a simple reality of business—even in today’s so-called “meritocracy.” What’s more, anyone nominally familiar with China’s political economy would know that being well-connected is vitally imp...
Posted on: Thursday, December 19th, 2013
By Price Benowitz, LLP Managing Editor Tracy Manzer
Dec. 19, 2013
A former high-level EPA official who dodged the drudgery of real work for years by concocting wild tales of working for the CIA was sentenced Wednesday to 2 ½ years in federal prison. John C. Beale, who was once the highest paid employee at the EPA as a senior policy advisor, reportedly said it was his thirst for excitement and the rush of getting away with something that led him to live a life of deception. The cost to tax payers, estimated by federal authorities, came in at around $1 million in bogus salary, bonus and travel earnings.
U.S. District Judge Ellen S. Huvelle chastised the former Environmental Protection Agency employee during sentencing, saying his scheme had “made a mockery of workin...