Are there any cases of insider trading, securities fraud and money
laundering where the US Department of Justice has dropped the
indictment against an indicted person/

Thank you

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Request for Question Clarification by omnivorous-ga on 07 Dec 2002 07:45 PST

Lawstudentuk --

Are you seeking examples of cases where all three were involved or any
of the three?  Can the indictments have been reintroduced later?  Can
the indictments have been dropped in a plea bargain?

Best regards,

Omnivorous-GA

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Clarification of Question by lawstudentuk-ga on 08 Dec 2002 00:25 PST

Any of the three or combinations of the three. The indictments could
have been reintroduced later. Plea bargain could be included although
i am mostly interested in cases where the USDJ has dropped the
indictment without plea bargain or plea bargain without jail time.

Thank you

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Request for Question Clarification by omnivorous-ga on 09 Dec 2002 13:54 PST

I'm familiar with a well-known series of U.S. cases where I believe
that charges were dropped against multiple people.  Unfortunately the
book that I'd use as a source may take several days to acquire. 
Please let me know if there's a high level of urgency; there's a
strong chance that you'd have access to it, even in the U.K.

Best regards,

Omnivorous-GA

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Clarification of Question by lawstudentuk-ga on 09 Dec 2002 23:43 PST

I can wait a few days. Do you have the title of the book? All i need
is the specific cases so i can review them, not the case analysis of
the author. Anything you can provide at this stage will be much
appreciated.

Thank you

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Request for Question Clarification by omnivorous-ga on 10 Dec 2002 00:00 PST

Lawstudent --

Yes I have the title of the book.  I didn't want to post it until I
can confirm who filed the insider trading charges and that they were
withdrawn.  If you'd like the title before I can do that, I'd be happy
to provide it as an answer.

I reasonably confident that it will do (and that there were several
people who had indictments withdrawn), as I read the book only about
45 days ago.

Best regards,

Omnivorous-GA

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Clarification of Question by lawstudentuk-ga on 11 Dec 2002 00:07 PST

Thank you for your response. Can i have as many cases as possible of
indictments dropped. If you give me the cases then i can do further
research and review the particular cases. The book title will be
helpful but since i am now not in the UK it might be harder for me to
obtain a copy.

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Request for Question Clarification by omnivorous-ga on 11 Dec 2002 00:42 PST

Lawstudent --

I'm pursuing a particular path to look at cases involved in insider
trading and securities fraud.  There were dozens of indictments in
this business situation and I'm fairly sure that some were dropped;
again I'm trying to confirm it.

Please understand that I'm not proposing something that gives you a
universe of such cases; probably a half-dozen would be a guess.

Best regards,

Omnivorous-GA

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Clarification of Question by lawstudentuk-ga on 11 Dec 2002 04:37 PST

That would be fine. Thank you.

LawstudentUK --

"Den of Thieves," James B. Stewart, Touchstone Books, 1992 describes
the
details of junk bond trading during the 1980s and the subsequent
indictment
of dozens of people around Michael Milken on insider trading and other
charges.

In his chapter, "The Chase" he describes the indictment of three
securities
industry executives on April 9, 1987 for insider trading and other 
securities charges (p. 395 in my edition).  The indictment was made by
the
NY District Attorney's office, then headed by Rudy Giuliani, who was 
subsequently NY major during the terrorist attacks in September, 2001.

The indicted were:
Robert Freeman, head of artitrage at Goldman, Sachs & Co.
Richard Wigton, head of arbitrage at Kidder, Peabody & Co.
Timothy Tabor, arbitrageur at Kidder, Peabody & Co.

On May 13, 1987 before Judge Stanton, the District Attorney's office
asked
that the indictments be dismissed.  Stewart's book attributes the
dismissal
with the government's inability to get more than one witness (Martin
Siegel,
an investment banker at Kidder, Peabody, who was a secret witness and
convicted for similar charges).  The decision to drop the indictment
was supported by Giuliani. (pp. 399-401)

There wasn't a Google search strategy to this one.

Best regards,

Omnivorous-GA