English: Mug shot of Rod Blagojevich. (Photo credit: Wikipedia)
Here is what we are reading on this Friday the 13th:
Kurt Mix Moves To Have Case Dimissed (Forbes) - The trial of former BP BP -1.13% drilling engineer Kurt Mix is coming to a close as the defense prepares to call three witnesses Friday and have closing statements next Monday. However, before one defense witness took the stand, Mix’s attorneys, led by Ropes and Gray LLP’s Joan McPhee, asked U.S. District Judge Sandwood Duval, Jr. to enter a judgement of acquittal because prosecutors had failed to prove Mix’s guilt beyond a reasonable doubt.
Insider Trading Arrest Made In U.K. (Bloomberg) - A 49-year-old employee at William Morrison Supermarkets Plc (MRW) was arrested as part of a U.K. insider-trading probe, according to two people with knowledge of the case. The man, detained yesterday in Harrogate, England, isn’t a member of the company’s management board, said one of the people, who declined to be named because the suspect hasn’t been identified by regulators. The U.K. Financial Conduct Authority arrested a man with the help of police in North and West Yorkshire and executed a search warrant, the FCA said, without identifying who was detained.
Will SAC Manager Steinberg Testify (Bloomberg) - SAC Capital Advisors LP fund manager Michael Steinberg was told by the judge overseeing his insider-trading trial to be prepared to say whether he will testify in his own defense after prosecutors said they expect to finish presenting evidence tomorrow. Assistant U.S. Attorney Antonia Apps told U.S. District Judge Richard Sullivan in Manhattan today that the government plans to rest its case after its last witness, a former Altera Corp. (ALTR) executive who pleaded guilty to passing illegal tips about his company and Nvidia Corp. (NVDA).
Blagojevich Seeks To Throw Out Corruption Charges (Bloomberg) - Rod Blagojevich, the former Illinois governor serving a 14-year prison term for corruption, wants U.S. appeals court to overturn his sentence and throw out the guilty verdicts by two federal court juries. Blagojevich, a Democrat, was arrested five years ago this week on charges he tried to trade his power to appoint a U.S. Senate successor to then-President-elect Barack Obama for campaign cash or a new job.
Top List of White-Collar Crime Prison Terms (WSJ) - Keith Simmons is not a household name. His Ponzi scheme, which was uncovered in 2009, cost his victims more than $35 million, a much smaller figure than, say, the $20 billion fraud perpetrated by Bernie Madoff (which came to light five years ago Wednesday) or R. Allen Stanford’s $7 billion scam. But his conviction was notable outside of North Carolina, where he was prosecuted and received a 50-year prison sentence, one of the longest for a white-collar crime. That number tied him with convicted Ponzi schemers Scott Rothstein and Tom Petters for the tenth-longest prison sentence imposed on a white-collar criminal, according to a search of news releases, court records and other news sources.