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October 21, 2009

Indian origin billionaire Raj Rajaratnam arrested for massive Wall Street fraud

Posted under: 1— Anthony Partipilo @ 1:02 pm

Washington, Oct 17 (ANI): Indian origin billionaire investor Raj Rajaratnam, founder of Galleon Group, was arrested over an alleged 20 million dollars insider trading scheme that US prosecutors called the biggest ever involving hedge funds.

The Federal Bureau of Investigation arrested him on Friday in New York along with five others tied to the case.

Galleon Group said in a statement that it is “shocked by the arrest” of Raj Rajaratnam and had no knowledge of the investigation before today.

Federal authorities have uncovered what they say is the largest case of insider trading ever at a hedge fund – netting an alleged 20 million dollars in illegal profits, The Christian Science Monitor reported.

Hedge funds have been touted in recent years to wealthy investors and pension funds as a new “asset class,” to be tapped alongside traditional stocks and bonds. Often they rack up solid returns while carefully hedging their bets (hence their name). But they are also secretive, insular, and little regulated.

Authorities said the arrests on Friday show they are pursuing fraud at high levels of Wall Street with the same determination, and the same tools, that they use on drug lords or mobsters, the report says.

“This case should be a wake-up call for Wall Street,” said Preet Bharara, US Attorney for the Southern District of New York, who announced the arrests along with the FBI. (ANI)

http://in.news.yahoo.com/139/20091017/364/twl-indian-origin-billionaire-raj-rajara.html

Federal crimes usually carry a hefty punishment.  If you or someone you know is facing any federal charge, a solid defense team is necessary to avoid conviction.  America’s Criminal Defense Group can help.  Should you find yourself in such position, please contact Senior Case Manager, Todd Terry (non-attorney) at 818-225-2468 or visit www.americascriminaldefense.com to schedule a free consultation.

October 6, 2009

Roman Polanski faces months behind bars as extradition battle unfolds

Posted under: 1— Anthony Partipilo @ 5:24 pm

By Henry Chu
Reporting from Zurich, Switzerland – Gone are the red carpet and the luxury accommodations, at least for a while. Film director Roman Polanski will probably remain in prison for several months as he fights deportation to the U.S. in a 3-decade-old sexual assault case.

His Swiss attorney, one of the country’s top criminal lawyers, filed a request in court Tuesday that Polanski be set free while his extradition case winds its way through the judicial system.

But such releases are rare for nonresidents in Switzerland, who are generally deemed to be flight risks. And given the lengthy extradition and appeals process, Polanski faces jail time far in excess of the 42 days he spent behind bars in Los Angeles back when the charges against him arose.

“We are talking about three, four months easily,” said Peter Cosandey, a former prosecutor here with extensive experience in extradition cases. “If he’s not released on bail as requested by his lawyers, then he has to remain in prison.”

Exactly where Polanski is being held has been kept secret for security reasons, which is normal procedure in Switzerland. Diplomats at the Polish Embassy, who met with Polanski on Monday, declined to disclose his location “to not make it easier for paparazzi to find him,” Consul Marek Wieruszewski said in a telephone interview from Bern, the Swiss capital.

Polanski has both Polish and French citizenship. French diplomats have also been in contact with the director.

He is entitled to unlimited access to his high-profile Swiss lawyer, Lorenz Erni, and to consular officials. But beyond that Polanski is living the life of any other jailed suspect, confined to a single cell that he most likely has to himself and allowed an hour of outdoor exercise a day.

“He stressed that he’s being treated very well . . . with respect and even some sympathy to his situation,” Wieruszewski said. “Conditions are good.”

Polanski’s arrest Saturday night, while in Zurich to receive a lifetime achievement award at a film festival, has inspired impassioned debate across Europe and in North America.

Artists and members of the film world on both sides of the Atlantic have rallied behind him, demanding his release, as have government officials in France and Poland. A letter from the Polish and French foreign ministers to Secretary of State Hillary Rodham Clinton asking her to intervene in the matter was due to be delivered in Washington on Tuesday.

But public reaction has been mixed, with many Europeans aghast at support for a fugitive who fled the U.S. in 1978 in the face of charges that he plied a 13-year-old girl with alcohol and drugs and then had sex with her. The director pleaded guilty to having unlawful sex with the girl, but left the country before sentencing.

The U.S. has 40 days from the arrest to lodge a formal extradition request, a period that can be extended to 60 days if necessary. The Swiss Justice Ministry then has a week or two to examine the request. If authorities accept the request, Polanski can file a formal appeal in federal court, which would take another few weeks.

Convincing authorities that he ought to be released on bail in the interim would be tough.

“If he lived here in Zurich, worked here in Zurich, had his family here in Zurich, we could say OK, his center of life is in Switzerland, so there’s low probability that he will escape,” Cosandey said. As that’s not the case for Polanski, “the court will say that the danger of escaping is too high.”

The director does own a residence in the Swiss resort town of Gstaad, and his attorney in France, Herve Temime, raised the possibility that Polanski could be confined there instead of in prison.

“He has a chalet in Switzerland. He would naturally accept to be placed under house arrest,” Temime told reporters in Paris.

Erni, Polanski’s Swiss lawyer, did not return calls seeking comment.

Once an extradition request from the U.S. is submitted, Swiss authorities have little room to maneuver in ruling on it, Cosandey said. Under the extradition treaty, the hearing is largely an administrative matter, and as long as proper procedures are followed and administrative criteria satisfied, Switzerland has little choice but to grant the request.

The question of why Polanski was arrested now continued to puzzle many in Europe, because the director has gone in and out of Switzerland for years.

Guido Balmer, a Justice Ministry spokesman, dismissed speculation that Switzerland was trying to improve ties with the U.S. after a rocky period in the bilateral relationship. “There is no link to any other issue,” he said. “It’s a police matter, so there is no place for any politics.”

Media here have speculated that Swiss authorities approached the U.S. first with information that Polanski would be attending the film festival in Zurich.

Balmer said such a scenario was possible, but would be perfectly within the realm of usual cooperation between U.S. and Swiss law enforcement. He added that Polanski’s intention to come to Zurich was well publicized beforehand.

At Polanski’s meeting with Polish diplomats Monday, “he looked normal,” Wieruszewski said. The director also received a visit from his wife, actress Emmanuelle Seigner.

Wieruszewski said he was working with Swiss authorities to try to establish a way for Polanski to communicate with the outside — for example, to contact the embassy if he wishes. As the defendant in an ongoing case, Polanski’s communications are restricted.

“I’m trying to explain that, in his case, the investigation was 30 years ago,” Wieruszewski said. “It doesn’t make sense. Not to give him a computer or the Internet, [but] let him communicate with his lawyer, his family or with the embassy.”

http://www.latimes.com/news/nationworld/world/la-fg-polanski-swiss30-2009sep30,0,4988989.story

If you or someone you know is facing an extradition, you still have rights available.  A solid defense team is necessary to avoid conviction.  America’s Criminal Defense Group can help.  Should you find yourself in such position, please contact Senior Case Manager, Todd Terry (non-attorney) at 818-225-2468 or visit www.americascriminaldefense.com to schedule a free consultation.

3 LAPD officers charged with perjury, conspiracy after videotape contradicts their account

Posted under: 1— Anthony Partipilo @ 4:47 pm

Three Los Angeles police officers were charged today with perjury and conspiracy for allegedly lying under oath in a drug possession case that was dismissed last year when a videotape sharply contradicted their testimony.

The felony charges were brought by the Los Angeles County district attorney’s office.

In February, the U.S. Justice Department opened its own investigation into the officers’ actions.

At issue are the actions of officers at a Hollywood apartment complex where a security camera documented the 2007 arrest of Guillermo Alarcon Jr.

At Alarcon’s trial last year, Officers Richard Amio and Evan Samuel testified that they were on patrol in Los Angeles when they chased Alarcon, 29, into his Hollywood apartment building. The officers told jurors that they saw him throw away a black object.

They testified that Samuel quickly picked up the object and found about $260 worth of powder and crack cocaine inside. But footage from a security camera at the apartment building, which is managed by Alarcon’s mother, showed that officers searched for more than 20 minutes before an object allegedly containing cocaine was found.

They were aided by other officers, including Manuel Ortiz, who testified about the case at a preliminary hearing in January. The quality of the tape, a copy of which was obtained by The Times, is poor and it is difficult to clearly hear what is being said. But at one point, soon after the drugs were found, an officer seems to make a reference to the arrest report that needed to be filled out.

“Be creative in your writing,” the officer appears to tell another after the discovery. Alarcon’s attorney argued at trial that his client was innocent and that the officers had planted evidence and then lied about it.

After viewing the videotape, Los Angeles County Superior Court Judge Monica Bachner dismissed the charges at the request of prosecutors. The judge also declared Alarcon factually innocent.

–Jack Leonard

http://latimesblogs.latimes.com/lanow/2009/10/3-lapd-officer-charged-with-perjury-conspiracy-after-videotape-contradicts-their-account.html

Anthony Partipilo (attorney) states that “this is a product of how our society’s motives are not geared towards the furtherance of justice, but towards a conviction, regardless of whether it is realistic or rightful.  The best way to avoid a conviction is by hiring a strong team of attorneys to represent you.”  We at America’s Criminal Defense Group can help.  If you or anyone you know has been accused of a crime, contact Senior Case Manager, Todd Terry (non-attorney) at 818-225-2468 or visit www.americascriminaldefense.com to schedule a free consultation.

If you are facing charges for any criminal offense, contact the attorneys at America's Criminal Defense Group today. We believe that all our clients are innocent until proven guilty.







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