A three-count criminal indictment was unsealed today in federal court in the Eastern District of New York charging Low Taek Jho, 36, also known as “Jho Low,” and Ng Chong Hwa, 51, also known as “Roger Ng,” with conspiring to launder billions of dollars embezzled from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials. As part of the three-count indictment, Ng is also charged with conspiring to violate the FCPA by circumventing the internal accounting controls of a major New York-headquartered financial institution (Financial Institution), which underwrote more than $6 billion in bonds issued by 1MDB in three separate bond offerings in 2012 and 2013, while Ng was employed at the Financial Institution as a managing director. Ng was arrested earlier today in Malaysia, pursuant to a provisional arrest warrant issued at the request of the United States. Low remains at large.
Former fugitive and social security disability lawyer Eric Christopher Conn, 58, of Pikeville, Kentucky, was sentenced in September to a total of 27 years in prison for his role in retaliating against an informant, fleeing from the United States, and defrauding the U.S. Social Security Administration (SSA) of more than $550 million. When he went to prison, however, approximately 6,000 to 7,000 client files relating to claims for social security benefits remained in his former Kentucky law office. The building and land was forfeited to the United States and will be sold. Before the building can be sold, the client files had to be removed and ultimately distributed to his former clients – a daunting task made even more difficult by the fact that they are attorney-client privileged materials.
Thank you, Rod, for that kind introduction and thank you for your outstanding leadership as Deputy Attorney General and your nearly 30 years of service to this Department.
Principal Deputy Associate Attorney General Jesse Panuccio, Director Phil Keith of the Department of Justice’s Office of Community Oriented Policing Services (COPS Office), and Dr. Pete Blair, Executive Director of the Advanced Law Enforcement Rapid Response Training (ALERRT) Center at Texas State University today announced an $8.7 million grant to provide multi-disciplinary, scenario-based active shooter training to first responders across the country.
Thank you, Acting Director Anderson, for that kind introduction. I appreciate your 21 years of dedication to the Marshals Service. I want in particular to express my gratitude for the personal sacrifices you made in spending the past year away from your family. You have made many valuable improvements in Marshals Service operations and earned tremendous respect from colleagues throughout the nation.
Today I am announcing another economic espionage case against Chinese interests.

And before I do that I want to remind everyone that the defendants in this case—as in every case—are innocent until proven guilty.

I am announcing that a grand jury in San Francisco has returned an indictment alleging economic espionage on the part of a Chinese state-owned, government owned, company, a Taiwan company, and three Taiwan individuals for an alleged scheme to steal trade secrets from Micron, an Idaho-based semi-conductor company.

The case unsealed today is representative of the Chinese government’s trade secret theft that we see across the country and across industries.  Whether by co-opting employees, by computer intrusions or by a combination of both, agents of the Chinese government are systematically stealing our nation’s intellectual property for the benefit of their own companies and their own country’s strategic priorities.  To counter this activity, the Attorney General has launched a nationwide initiative, and I am honored to lead it. 

            

All Right Reserved © 2016 THE MERCHANT LAW FIRM
call now