> “Rather than speak openly with creditors about mounting debt and shrinking revenue, the defendants began deliberately manipulating the firm’s financial statements,” said Richard Frankel, who heads the FBI’s criminal division in New York, in a statement. “They backdated checks, changed write-offs and even misappropriated loan payments as revenue. All in an elaborate attempt to cover up the increasingly dire situation.”
> Aviva Life & Annuity Co. has sued Davis, DiCarmine and Sanders, alleging they induced the insurer to buy $35 million of secured notes in April 2010. Des Moines, Iowa-based Aviva said Dewey kept its debt secret from partners to avoid the “possibility of a mass defection” of lawyers.
> “Rather than speak openly with creditors about mounting debt and shrinking revenue, the defendants began deliberately manipulating the firm’s financial statements,” said Richard Frankel, who heads the FBI’s criminal division in New York, in a statement. “They backdated checks, changed write-offs and even misappropriated loan payments as revenue. All in an elaborate attempt to cover up the increasingly dire situation.”
> Aviva Life & Annuity Co. has sued Davis, DiCarmine and Sanders, alleging they induced the insurer to buy $35 million of secured notes in April 2010. Des Moines, Iowa-based Aviva said Dewey kept its debt secret from partners to avoid the “possibility of a mass defection” of lawyers.