This story is a tad off topic, yet I just got back from Chicago and wished to write about this story: Michael Lauer, the hedge fund manager who has been on trial has been found guilty by a Miami U.S. District Court Judge Kenneth A. Marra of defrauding investors during the years of 1999 and 2002 totaling more than five hundred million dollars. He must not have had a very good lawyer I would gather to guess.
Judge Marra found in a sixty-seven page order that Lauer had manipulated the prices of 7 different securities. These were a large part of the funds portfolios, which he didn’t provide a basis for such exceptionally high valuations. The Judge in question also found that he lied to investors about the hedge funds holdings. As the head of the Lancer Management Group and Lancer Management Group II, his actions were premeditated and resulted in the loss of millions and millions worth of investor’s hard earned funds. I realize that no one really suffered personal bodily injury per say but what about the emotional scars?
All in all, a ruling has not been given on the amount that Lauer will have to pay back to his victims. That amount is pending an evidentiary hearing and a fine amount decided by the Securities Exchange Commission which has to be made within sixty days or so. By the way if you happen to live in Chicago or the surrounding region and need a top drawer
Chicago Personal Injury Lawyer then I strongly wish to suggest the Budin Law offices as he is one of the finest Chicago Personal Injury Lawyer around that whole area.
The criminal trial for Lauer will begin in April for the charges in the hedge fund and according to his lawyer stated that Lauer will be pleading not guilty and will fight the charges at trial. The lawyer who is representing Lauer is Norman Moscowitz.
In a rather bizarre story coming out of the bay area, Terry Childs has been accused of locking out authorized network administrators from the system and has even apparently refused to give up passwords for the San Francisco online computer network he helped to construct
It seems that he has pleaded not guilty to some 4 seperate criminal felony counts of coInjury lawyermputer network tampering plus 1 additional count of causing excessive loss which is reported to be in access of $200,000.
Currently Childs bail is set at $5 million bucks and he is also supposed to go to another bail hearing next week. When Child’s current bail was set his lawyer on the case argued that the bail for those who do not cause any type of personal injury from a violent act ot acts is most often set at around $1 million dollars or so. This high bail total, which is virtually unpayable from a man in his financial position, may be because his crimes cuts to the bone of the whole municipal online network, which has the potential for a rather crippling effect. Of course it should be noted that the defendent in this case is innocent untill proven guilty beyond a resonable doubt….. Should you need a top drawer San Francisco Personal injury lawyer you should consider the law offices of Scott Righthand. He is absolutely one of the top personal injury attorney in the SF bay area and he additionally covers other nearby localities like Oakland, Santa Rosa, Mountain View, Sunnyvale and other portions of central California into the inland empire. Ha can give you a fast telephone consultation as well.
According to the Department of Technology there are some sections of this somewhat vast and lumbering network which are still locked at the time of this writing. Some of the records which are located on this network include records and law enforcement documents and fully more than half of San Francisco’s traffic data. Wow that is a lot of important data indeed Furthermore, Ron Vinson of the Dept. of Technology has said that they have control of the FiberWan network and are working with their forensics team to reclaim total access. He said that while Childs has not been laid off or perhaps fired as it were he does have the authority to fill his position while he is on administrative leave awaiting trial. It should be interesting to see exactly how this case unfolds and you can bet that cyber-security experts will be studying and monitoring this incident very closely for future procedural doctrine.
