Monday, September 6th, 2010

Ex-Brocade CEO, Gregory Reyes gets new backdating trial

Convictions of Grey Reyes, former CEO of Brocade, were recently overturned in the Nation’s first criminal prosecution for options backdating. A judge granted Reyes a new trial when a prosecutor made false statements to a jury. Reyes was originally sentenced to 21 months in federal prison and fined $15 million after being convicted of 10 [...]

Judge throws out stock fraud charges against Broadcom co-founder, ex-CFO

A federal judge throws out high profile criminal fraud charges against Broadcom Corporation’s co founder Henry T. Nicholas II and its former Chief Financial Officer when discovering a prosecutor’s attempt to intimidate witnesses and obtain unjustified convictions.
Less than a week ago, Judge Cormac Carney overturned a guilty plea by Henry Samueli, Broadcom’s co founder. Carney [...]

Lying Government Humiliated In The Very First Backdating Conviction

Another case of prosecutorial misconduct has made its way into the court room: Brocade’s former CEO Greg Reyes was ordered a new trial when  the prosecutor’s knowingly provided false material to the jury. The prosecution had to show that Reyes had criminal intent when failing to report expenses related to backdated stock options, which made the case a [...]

Assistant U.S. Attorney Adam Reeves is an Unethical Prosecutor

Assistant U.S. Attorney Adam Reeves is now added to the Prosecutorial Misconduct Wall of Shame. Reeves argued to the jury material facts knowing it was false, or had reason to believe they might have been. Because of his misconduct, a man was wrongfully convicted. And fortunately The Ninth Circuit of Appeals reversed that conviction. While [...]