Criminal Prosecution, Misrepresentation, Wire Fraud

US Supreme Court Upholds Wire Fraud Convictions, Says Economic Loss Not Required

Cooley LLP on 6/4/2025

When an executive learns that she is being investigated for fraud, her first reaction often is: “But I didn’t intend for anyone to lose money!” This entirely understandable response may well be true (and lead the executive to...more

No Harm, Still Foul: Supreme Court Affirms Expansive Reach of Wire Fraud Statute in Kousisis

Pietragallo Gordon Alfano Bosick & Raspanti,... on 5/29/2025

In a recent decision upholding the expansive reach of the federal wire fraud statute (18 U.S.C. §1343), the U.S. Supreme Court ruled in Kousisis v. United States, No. 23-909 (May 22, 2025) that a defendant can be convicted of...more

Former MoviePass Executives Indicted for Securities Fraud

The Volkov Law Group on 11/10/2022

The old adage — if it sounds too good to be true, then it probably isn’t — still rings true when it comes to MoviePass, which ultimately resulted in a criminal indictment charging two former executives with securities fraud....more

Material Misrepresentations in Wire Fraud Prosecutions – The Truth Matters

Morrison & Foerster LLP on 3/14/2022

The Second Circuit’s recent decision in United States v. Connolly underscores the government’s burden of proving a materially false representation to sustain a wire fraud conviction. ...more

Grand Jury Indicts Startup Founder Isaac Choi – Implications for Silicon Valley

Fenwick & West LLP on 6/21/2017

On June 7, the U.S. Department of Justice arrested Isaac Choi, the founder and former chief executive of the Silicon Valley startup, WrkRiot, on wire fraud charges. A San Jose, California grand jury had indicted Choi under...more

SEC-USAO Charge Former Fund Principal With Fraud

Dorsey & Whitney LLP on 3/30/2016

A former managing principal of Blackstone Group, and a partner at Park Hill Group which raises capital for private equity, was charged by the SEC and Manhattan U.S. Attorney’s Office with fraud. The charges are based on...more

Eleventh Circuit Upholds Wire Fraud Conviction of Defendant Who Did Not Participate in Sending the Fraudulent Representations

Katten Muchin Rosenman LLP on 6/24/2015

On June 9, the US Court of Appeals for the Eleventh Circuit affirmed a Florida district court’s refusal to acquit Linda Deavers, an Indianapolis real estate broker, of four counts of wire fraud. In doing so, the Eleventh...more

Criminal Prosecution › Misrepresentation › Wire Fraud