Hey Gang,

Do we feel a new page coming on?  Yeah, Baby! 

As Dewey LeBoeuf seems to be revealing itself as having operated as a criminal enterprise, the moiety forming the cover up will likely be first to splash the Zeitgeist.   How ironic that a law firm would take part in developing a private placement memorandum which willfully and knowingly hid extremely important "guarantee" details.  We believe it is called "Fraud".  We also think that it will be very, very difficult for the underwriters to escape RICO consequences, unless they run to a DA and cut a deal. 

And now we see that J.P. Morgan is now also "in play" due to the collapse of Dewey LeBoeuf.  We can only wonder which parties will be more eager to rat on the other.

Assuming al arguendo that a prosecutor tees up Dewey LeBoeuf, let's put ourselves in her shoes for a moment.  First, she may be a little upset at having had her precious little derriere backed down into a corner.  Right?  I mean what prosecutor would break the first rule from the Planet Of The Apes and actually bring charges against another ape?  Well take a step back.  Which of you believed any of the predictions of BankruptcyMisconduct concerning Dewey LeBoeuf, like our prescient point about brother attorneys in the firm ratting out their own former management?  OK, you should be ready to have an open mind now.

So let's wonder what madam prosecutor will ask J.P. Morgan.  "Who provided information for, wrote, and read the prospectus?"  is a good opening.  What possible contortion of truth will these lawyers construct?  The easiest out for them will be to indicate that they fully informed J.P. Morgan and J.P. Morgan were the professionals who wrote the prospectus which even Blago would remark was fraudulent. 

And thus, J.P. Morgan is in play.  What will J.P.Morgan claim?  "We asked them if there were any problems or hidden stuff under the rug and they said there is was none", or something like that.  It doesn't really matter, because at least one party was a crook, and perhaps they both conspired.

The funny thing is that these lawyers just don't get it.  They are soooo used to lying under oath in their affidavits of disinterestedness, and getting away with when caught, that they just couldn't conceive of getting jail time for lying in a private placement memorandum.

Remember what BankruptcyMisconduct said about the Culpability Gradient, and what we've always said about getting your deal first.  Oh, this story about the firm which believed that Bruce Bennett's bankruptcy bamboozlers would fit right in...

 Come download Dewey_LeBoeuf_Private_Placement_Memorandum.pdf for free!

"If you like your settlement, you can keep your settlement"
                                                                  - B. Obama

Federal courts have long possessed an inherent authority to vacate judgments obtained through fraud upon the court. See Chambers v. NASCO, Inc., 501 U.S. 32, 44, 111 S.Ct. 2123, 2132 (1991) ("the inherent power [to punish for contempts] also allows a federal court to vacate its own judgment upon proof that a fraud has been perpetrated upon the court"), citing Hazel-Atlas Glass Company v. Hartford Empire Company, 322 U.S. 238, 245, 64 S.Ct. 997, 1001 (1944)

Indictment of some of the senior partners of Dewey LeBoeuf who were involved in the racketeering, wire fraud, mail fraud etc. prior to the collapse of the firm.

Conspicuously missing from the indictment are the rest of the Executive Committee of Dewey LeBoeuf who must have known about many of the frauds, and in particular the outside Finance, Banking, Accounting, and Legal professionals who had knowledge of at least some of the frauds, and themselves engaged in willful aid and cover up of same.   We specifically mention Citibank who benefited in part financially from the ongoing fraud, JP Morgan, and the accounting firms.  {note to self: research the accounting firms' names}

"Disgusting what some pros will do for money"
                           Mrs. Spitzer

Download for free Dewey_LeBoeuf_Cyrus_Vance_Indictment-Against-Leaders-of-Firm_But_Ignores_Outside_Bankers_Finance_Lawyers.pdf

Yet another respectable lawyer from a top firm, each in turn represented by highly regarded law firms, are swearing facts showing that Dewey LeBoeuf et al. engaged in a series of intentional frauds.  BankruptcyMisconduct perceives that these frauds were committed by both mail and wire.  Hmmm... Ain't them predicates to RICO?

Citibank has some employees who were specifically named, including Rohit Malhotra and a certain Maggie.

Well, you's two's best gets youself's some criminal counsel and look into cutting a deal.  Because we all know that your boss and the Citibank CEO ain't gonna take one for the team. 

Get a lawyer, and have him start working on a deal now.

And as we've been saying on our Dewey Le'Perp page, the best white collar defense law firms in the NYC area are getting conflicted out right quick.