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Richard F. Albert represents clients in white collar criminal and regulatory matters, and in civil litigation. His cases have included a wide range of allegations of securities fraud, including claims of market manipulation, insider trading, and accounting violations, as well as alleged Foreign Corrupt Practices Act violations, healthcare fraud, money laundering, antitrust violations, tax fraud and obstruction of justice. He also has conducted internal investigations and represented public companies, banks, brokerage firms, hedge funds, and their officers and employees in complex civil litigation and arbitration.
Before joining Morvillo Abramowitz in 2004, Rich served as an Assistant U.S. Attorney in the Southern District of New York, conducting a broad range of criminal investigations and trials, including cases involving charges of securities fraud, healthcare fraud and obstruction of justice.
Rich has been named a leading lawyer by Chambers USA: America's Leading Lawyers in the area of Litigation: White Collar Crime & Government Investigations. He is a co-author of the “White Collar Crime” column in the New York Law Journal and is a regular contributor to The Insider Blog on Forbes.com. He has spoken at continuing legal education seminars on white collar criminal defense, legal ethics, federal civil litigation and securities arbitration.
Rich is a member of the New York Council of Defense Lawyers, the New York City Bar Association (Committee on Criminal Advocacy, 2000-2003), the Federal Bar Council (Program Committee, 2009-present; Committee on Second Circuit Courts, 2003-2009), and the American Bar Association (Criminal Justice and Litigation Section). He also represents indigent defendants as a member of the Criminal Justice Act Panel for the Southern District of New York.
- A former partner in major international law firm in criminal prosecution, SEC enforcement proceeding and related civil lawsuits arising from allegations of securities fraud in connection with PIPE financings.
- A senior executive of IFCO Systems, N.A., Inc. in the largest criminal immigration enforcement action in US history; company had 1182 employees arrested and numerous executives prosecuted after raids in 26 states; client was not charged.
- Former bank executives in SEC investigations of collateralized debt obligations (CDOs).
- A tax attorney and former partner of Big Four accounting firm in ten-week federal criminal trial involving charges of conspiracy and tax evasion arising out of the marketing of tax shelters. Client was fully exonerated on appeal, in decision emphasizing evidence developed at trial demonstrating that client had acted in good faith.
- As counsel to court-appointed monitor, conducted three-year independent monitorship for oil and gas industry company that pleaded guilty to FCPA violations. The monitorship involved a detailed ongoing review of the company’s FCPA and anti-corruption compliance program, training, customs and logistics practices, third-party vendor relationships, financial controls and internal audit program.
- Numerous clients, including professional advisors, in connection with criminal and regulatory issues arising out of offshore bank accounts, including representation in criminal investigations and prosecutions by the United States Department of Justice and the New York County District Attorney's Office, and participation in the IRS and New York State voluntary disclosure programs.
- Former CEO of foreign-based Fortune 100 technology company in internal investigation, SEC enforcement proceeding and numerous class action and other civil lawsuits based on alleged accounting improprieties.
- A former bank senior executive in securities fraud class action related to mortgage service rights hedging losses and systems integration.
- A former owner and CEO of private healthcare company in successful complex civil litigation arising from sale of the company, including 12-day arbitration hearing against purchaser and private equity financing party.
- Senior individuals at Purdue Pharma in connection with multi-year Department of Justice criminal investigation into the marketing and promotion of the painkiller OxyContin.
- Founder and former CEO of a publicly-traded early-stage pharmaceutical company in FINRA and SEC insider trading investigation; no charges were filed.
- Former Bear Stearns executives in criminal and SEC investigation, including representation in connection with testimony at federal criminal trial, regarding failure of two hedge funds that invested in complex mortgage-backed securities.
- Appointed counsel to former police officer facing federal criminal charges of interstate stalking, cyberstalking, and interstate violation of an order of protection. After a nine-day trial, the jury returned a verdict of not guilty on all charges.