13 Jan 2015

Boies Schiller targets bank global investigations

The high profile law firm has hired prosecutors involved in the Bernie Madoff Ponzi scheme case.

Three New York federal prosecutors have been poached by Boies, Schiller & Flexner turtix

Boies, Schiller & Flexner has hired three federal prosecutors to launch a new Global Investigations practice. Assistant US Attorneys Matthew Schwartz, Peter Skinner and John  Zach from the US Attorney’s Office for the Southern District of New York join the firm to  beef up the firm’s existing white collar and regulatory capabilities as well as launch a new Global Investigations and White Collar Defense practice. The three have led or co-led many of the federal government’s most prominent cases of the past several years, including the prosecutions of SAC Capital Advisors on insider trading charges, JPMorgan Chase for violations of the Bank Secrecy Act, numerous individuals associated with Bernard Madoff Investment Securities, and Javier Martin-Artajo and Julien Grout in connection with the “London Whale” trades.  

A wide range of cases 

They have worked together as federal prosecutors for nearly a decade on a wide range of national and international cases, including ones involving securities and commodities fraud, Bank Secrecy Act/anti-money laundering violations, export control and sanctions violations, tax offenses, accounting fraud, and health care fraud.  The group also has extensive experience in False Claims Act, FIRREA, and forfeiture matters, including handling what were the two largest forfeitures in US history.  

Federal trials

Between them, they have conducted more than 30 federal trials and argued more than three dozen appeals.  They have also handled innumerable federal investigations, including parallel investigations with regulators such as the SEC, CFTC, OCC, Federal Reserve Board, FinCEN, OFAC, and PCAOB; state Attorneys General and other state regulators such as the New York State Department of Financial Services; and foreign regulators and law enforcement, such as the UK Financial Conduct Authority.'Matt, John, and Peter add substantially to our deep and talented bench for handling white collar, investigative, and regulatory matters at the highest levels throughout the world,' said firm Chairman David Boies.  'This will contribute significantly to the firm’s global capacity. They know these issues and have worked closely and extensively with regulators in many countries. The firm’s clients will benefit from their skill, knowledge, and experience.'

Banking focus

Managing Partner Jonathan Schiller added that the new team will focus on banks and other financial clients facing government investigations and litigation from multiple jurisdictions.  'Financial institutions are actively assessing their regulatory risks, and there is increased focus and budgeting at the Department of Justice for investigations and prosecutions in the financial services industry,' Mr. Schiller said. 'We are adding to the firm’s ability globally to assist clients who want to know the direction regulators are taking in 2015 and how to avoid a range of issues before they become regulatory problems.' The new Global Investigations and White Collar Defense practice area unifies and expands the firm’s resources in the areas of internal and government investigations, regulatory guidance, and white collar defense. 

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