Departing Manhattan District Attorney Robert Morgenthau will leave behind a legacy of tackling complex money laundering cases, at times through the use of unusual legal strategies, say legal experts. Morgenthau, 89, told reporters at a news conference on February 27 that he would not seek re-election as D.A. after holding the office since 1975. The highly-regarded Morgenthau, who has pioneered white collar crime convictions in the country's financial capitol, will officially leave the post at the end of 2009 following elections that will name his replacement. "We now consider money laundering to be a bad thing; the acceptance of that...
Among the toasts at Adam Kaufmann's "retirement" party last week was one by a speaker who credited him with turning a bounced check into more than a billion dollars in penalties that have been shared by the city and state of New York over the past four years.
New disclosures about one of the largest ever scandals tying a bank to money laundering and terrorist financing will prompt some financial institutions to reassess their clients, say compliance officials.
The New York District Attorney's Office has hired a prominent U.S. Justice Department official to head a new bureau established to investigate financial fraud, bribery, terrorist financing and money laundering.