On Thursday the Justice Department, the SEC and the Fed jointly agreed to allow JPMorgan Chase to settle a case involving allegedly massive bribery of Chinese officials. The settlement will require the bank to pay penalties totaling $264 million but not to admit any wrongdoing. While critics including President-elect Trump called for executives to be charged criminally, the bank was able to achieve a nonprosecution agreement, which is unusual.
There are many criminal cases that involve relatively straightforward accusations. A person is accused of stealing items or causing the death of a person, for example. However, some alleged crimes are complicated. As a result, those accused of certain crimes at the state or federal level in Texas, such as fraud, need the guidance of an experienced criminal defense attorney to help untangle the accusations against them.
A national newspaper's depiction of it as being a legal case that "has gone through more twists and turns than the Alpine climbs … that once established his reputation" seems just about right in spotlighting the high-level fraud case between cyclist Lance Armstrong and the federal government.
In the last several years, there have been a shocking number of high-profile whistleblowing cases illustrating in harsh terms just how often those working in both the public and private sectors are faced with the difficult prospect of turning in a co-worker or employer for unlawful activities. While it would be nice to think that the ones writing your paychecks and facilitating your career are trustworthy and law-abiding, this is far too often not the case. If you are considering becoming a whistleblower, there are some things you need to know.
As we point out on a relevant page of our website at the proven Houston criminal defense law firm of Hilder & Associates, P.C., the U.S. Securities and Exchange Commission has plenary powers when it comes to the oversight and investigation of alleged securities fraud-related matters.