Jackson, Mississippi Criminal Defense Lawyer Discusses White Collar Crime and the Arrest of Raj Rajaratnam Arrested

Mississippi Criminal Defense Lawyer Curt Crowley

One of America’s richest men, Raj Rajaratnam, has been arrested and charged with numerous white collar crimes.  The charges center around an alleged insider trading conspiracy.

The ring is alleged to have generated $25 million in illegal profits for Rajaratnam.  After doing the obligatory “perp walk,” the government took Rajaratnam before U.S. Magistrate Judge Douglas F. Eaton for an initial appearance.  Judge Eaton also took up the issue of bail.  The Government sought pretrial detention without bail, claiming that Rajaratnam was a flight risk.  The judge didn’t buy the Government’s argument.  Bail was set at $100 million dollars (secured by $20 million in collateral).

The criminal complaint alleges four counts of conspiracy and nine counts of insider trading.  The criminal complaint is quite a read.  It quotes heavily from conversations among the defendants, which were obtained by wiretap.  You can read the criminal complaint here.

From Enron and WorldCom to Galleon, white collar crime is a major focus of both state and federal law enforcement.  White collar crime includes such offenses as:

  1. Bribery
  2. Extortion (blackmail)
  3. Counterfeiting
  4. Theft of trade secrets
  5. Embezzlement
  6. Money Laundering
  7. Honest Services Fraud
  8. Racketeering and RICO
  9. Securities Fraud/Insider Trading
  10. Bank Fraud
  11. Mail Fraud
  12. Wire Fraud
  13. Computer Fraud
  14. Credit Card Fraud
  15. Check Kiting
  16. Forgery
  17. Home Repair Fraud
  18. Healthcare Fraud
  19. Medicaid Fraud
  20. Medicare Fraud
  21. Welfare Fraud
  22. Food Stamp Fraud
  23. Insurance Fraud
  24. Investment Fraud
  25. Telemarketing Fraud

In recent years, these crimes have become more publicized and notorious.  In the current economic climate, some events that would have previously resulted in a civil lawsuit (at best), are now being prosecuted as crimes.  The sentences handed down for white collar crimes have become draconian, and frequently exceed sentences given to violent criminals.

Many of these cases are complex and involve tens of thousands of documents.  Defending these cases requires an intensive defense investigation.  The Government has often investigated these cases for years before an arrest is made.  The defense investigation must be swift and meticulous.  The sooner the accused hires an aggressive criminal defense attorney, the sooner the defense investigation can begin.

The time to hire a white collar criminal defense lawyer is when you have the first inkling that you may be under investigation.  In many cases, a thorough defense investigation, conducted before a person is arrested or indicted, can persuade the Government not to pursue the case further.

If you think you may be under investigation for a white collar crime, or if you’ve been arrested or indicted, the time to act is now.  Please call me to discuss your case.

Mississippi Criminal Defense Lawyer Curt Crowley

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