Antitrust Conviction for Bid-Rigging
Antitrust Conviction for Bid Rigging
In February, a federal jury handed down an antitrust conviction for a real estate investor accused of bid rigging. The jury found Thomas Joyce guilty on a single charge, after prosecutors dropped two counts of mail fraud against him.

According to prosecutors, Joyce and others conspired to buy foreclosed properties at lower-than-market prices. The conspirators also paid off other prospective bidders to eliminate competition at auctions.

Once Contra Costa County auctioned the properties, the conspirators held a second, private auction. The second auction determined the sale price of the property. It also determined the amount of the payoff for the suppressed bids. Joyce is one of more than 5 dozen people to plead guilty or be found guilty of antitrust violations related to foreclosure auctions. According to prosecutors, they have pending indictments on several other individuals in foreclosure related actions.

California antitrust attorney


Antitrust charges are complex, and often difficult to defend against. Federal prosecutions are also difficult to win. Currently, federal prosecutors have a conviction rate that exceeds 90%. That doesn’t mean you should give up or give in. It means that you need an experienced federal criminal defense attorney like Robert Helfend to defend you in court.

Mr. Helfend has more than 30 years of experience as a criminal defense attorney. He takes cases in both federal and state courts. He will fight aggressively for your rights, and will work toward the best possible resolution of your case. Mr. Helfend handles each case personally, so your case receives his full and complete attention. That’s not something you’ll receive from a larger, less personal law firm that relies on less experienced attorneys to try cases.

Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County antitrust case.

Photo Credit: Jimmy Emerson, DVM , via Flickr.com

Securities Fraud Charge for Software Exec
Securities Fraud Charge for Software Exec
Late last year, federal authorities charged Christopher Salis, 39, of San Mateo with securities fraud and money laundering. According to prosecutors, Salis, who was a global vice president at software giant SAP, disclosed inside information about the company’s planned acquisition of Concur Technologies, a Washington-state based travel management software firm to Douglas Miller, a former Purdue University classmate.

Miller and his brother, Edward Miller, ran a car wash operation that was in financial difficulty. The Miller brothers purchased shares in Concur, based on Salis’ information. The brothers also shared the privileged information with their parents and other acquaintances. Investigators say that the privileged information resulted in profits of more than $500,000 to investors connected to Salis and/or the Miller brothers. Once the Miller brothers sold their shares, they paid a portion of their profits on the sale back to Salis.

According to prosecutors, the brothers made about $270,000 in profits from their investment in the travel company, and paid Salis about $90,000 in cash, which they transported to California on a commercial flight. Other investors made about $240,000 in profits. All three men were charged with conspiracy to commit wire fraud, conspiracy to commit securities fraud, money laundering and structuring transactions to avoid reporting requirements. Prosecutors also allege that Salis and the Miller brothers had previously engaged in an insider-trading scheme that arose from Salis’ employment at Business Objects, a company that was acquired by SAP in 2007.

Salis is also charged with four counts of wire fraud and five additional counts of securities fraud. Douglas Miller is also charged with six counts of wire fraud, five counts of securities fraud and one count of lying to investigators. Edward Miller is charged with one count of wire fraud, one count of securities fraud, one count of obstruction of justice and one count of harassing a witness.

Federal securities fraud attorney


If you’re facing federal securities fraud charges, you need the assistance of an experienced securities fraud attorney like Robert Helfend. Mr. Helfend has more than 30 years of experience in federal criminal defense and will fight aggressively on your behalf in court.

Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County securities fraud case.

Photo Credit: Insider Monkey, via Flickr.com