New York Criminal Lawyer Blog

Several obstetricians at the hospital, which specializing in high-risk pregnancies have been threatened with insurance dismissal by their indemnity provider, a malpractice insurance group.
On February 10, an official letter of warning was sent to 8 of the 13 active doctors of the hospital with the claim that a third party had encouraged the insurance group to not renew coverage for the hospital. A New York Criminal Lawyer notes that according to the letter, the “method of practice” and “practice environment” common to the doctors at the hospital was deemed “predictive of future claims in excess of the norm, and makes insuring you an unreasonable burden to the other policyholders.” The letter had no indication of the details of malpractice on the part of the doctors. However, this is a serious development which has far-reaching consequences for many.
If the insurance of these doctors were suddenly discontinued, surrounding hospitals that also operate in the Bronx area would find themselves unprepared for and overloaded with a massive influx of pregnant women seeking to give birth in their facilities. As observed by a New York Criminal Lawyer, the hospital in question delivers around 2,700 babies a year on average, mostly high-risk in nature. The details of this “high risk” depiction seem to include women who are teenagers, or suffer from medical issues such as high blood pressure and diabetes. Due to these circumstances, the chief medical officer of another hospital in the area was quoted as saying, “We don’t have the capacity currently to handle these babies... I look at it now as a borough-wide problem. We’d have to come together with the other providers to figure out what to do.”
At the same time, a parallel situation is brewing. It seems that a task force working for the governor of New York has pursued a measure which would limit the amount of compensation received in cases of malpractice that centered on “non-economic damages” such as physical suffering on the part of the afflicted individual. However, a New York City Criminal Lawyer realizes that trial lawyers are strongly opposed to this measure; they claim that it would seriously limit the damages awarded to families steeped in poverty. No Fraud has been charged or intimated but in New York City and Long Island this could be a possibility if certain facts are uncovered.
The volatility of this issue is evident. It is likely that many on both side of this debate over insurance for high-risk pregnancies will be affected: mothers, doctors, and insurance providers.

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A Des Moines man, formerly the finance director of a business in his hometown, embezzled $1 million from his employer. That is not the end of the story, however. He has now filed for bankruptcy, court records show.
The embezzler worked for several companies, all owned by the same man, and in the course of his work took a great deal of money. Nonetheless, he recently filed for the liquidation of personal debts under the protection of Chapter 7 of the federal bankruptcy code. Chapter 7 allows one who owes a debt to discharge what he owes in exchange for giving up certain property to pay back the debt.
New York Criminal Lawyers have learned the Des Moines man, who called himself unemployed with no income whatsoever, had $203,650 in assets, like a $200,000 home (now foreclosed), and $705,822 in liabilities, which included $165,000 in state taxes and more than $350,000 in credit card debt or other unsecured debt. Fraud cases like this one are common in Queens and New York City.
The former finance director pleaded guilty in February 2010 to a single count of wire fraud. It was part of a plea deal – a federal grand jury had already indicted him for 33 counts of wire fraud, accusing him of sending $81,475 to Colombia and the Dominican Republic. He also admitted to embezzling money while acting as finance director with his previous employer.
He was first arrested in October 2009 in Miami. Customs officials had already stopped him in Bogota, Colombia – he had fled there after discovering law enforcement officials were looking for him.
A U.S. District Judge sentenced the Des Moines man to 15 months in prison and ordered him to pay $911,369 to his former employer. The 15-month sentence was a reduction from the standard term for such a crime, since it was the embezzler’s first criminal offense and he had already spent a good deal of time in jail.
The embezzler’s former employer has also been indicted, N York Criminal Lawyers have learned, in this case for federal wire fraud and conspiracy to commit wire fraud. They were attempting to defraud a number of insurance companies to take workers’ compensation premiums.

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A senior associate at a major law firm in Washington, D.C. was arrested by the FBI on federal securities fraud charges, according to Manhattan Criminal Lawyers. It may be that it is all tied in to a $30 million plan that involved insider trading regarding pending corporate mergers.
The senior associate will be arraigned in Newark, along with a banker who has been charged with using the illegal information the associate provided. The U.S. Attorney and FBI officials will soon release statements. The attorneys for the accused have yet to make any comment on the matter.
Authorities in the U.S. Attorney’s office say the scheme had been going on for decades. It stole information not only from the firm the associate worked for, but from several other firms at which the associate had previously worked.
The accused pair invested more than $109 million dollars in their scheme, which yielded profits of more than $32.2 before they were caught. In New York City and Long Island, fraud cases are common and many wind up going to trial.
The senior associate was a graduate of NYU Law School and was hired by three major law firms, proving he had what it takes to do the job legitimately. He even attempted to avoid detection of his criminal activity by using pay phones and prepaid cellphones, which were later discarded, when discussing insider trading.
Manhattan Criminal Lawyers believe there may have been wiretap evidence anyway, because the associate and his banker accomplice were charged with 17 counts, including 11 for insider trading, four more for obstruction of justice, and two counts of conspiracy to commit insider trading and to commit money laundering.
Details are still forthcoming about the case, with a number of people who are interested in such legal matters, keeping a close eye on events as they unfold. A press conference has been announced, at which further details will be given by the proper authorities. Until then, information on the pair is sparse, at best, at least regarding the case. Personal details, especially about the accused senior associate, are constantly coming to the fore, as acquaintances chime in with something new.

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