CORP. GOVERNANCE, CORPORATION & ENTERPRISE LAW, CRIMINAL LAW & PROCEDURE, EVIDENCE, PUBLIC UTILITIES, SECURITIES LAW, WHITE COLLAR CRIME

US v. Lake, No. 06-3140 (10th Cir. January 05, 2007)Defendants' convictions, arising from an alleged "far-reaching scheme to milk Kansas' largest public utility for all they could through a pattern of fraud and deceit," are reversed where the government's attempt to prove defendants' concealment from the SEC of their personal use of corporate aircraft was flawed because the government produced no evidence that defendants failed to comply with SEC regulations governing the reporting of such personal use, and the jury was never instructed regarding the SEC's reporting requirements. [To view the full-text of cases you must sign in to FindLaw.com.] http://laws.lp.findlaw.com/10th/063140.html