SEC Charges Former Dewey & LeBoeuf Execs With Fraud

The Securities and Exchange Commission (SEC) has charged five former executives of the now bankrupt international law firm Dewey & LeBoeuf with facilitating a fraudulent $150 million bond offering that was meant to pull the law firm pull through the financial crisis. The complaint names chairman Steven Davis, executive director Stephen DiCarmine, chief financial officer Joel Sanders, finance director Frank Canellas, and controller Tom Mullikin, and the Manhattan District Attorney’s Office has named Davis, DiCarmine, and Sanders in a related criminal suit.

Fraud allegedly began in 2008 and continued until the firm went bankrupt

“As Dewey &...