U.S. v. Boustani et al.


Willkie Farr & Gallagher LLP secured a major victory in U.S. v. Boustani et al., the securities fraud trial of Privinvest Group executive Jean Boustani in U.S. District Court for the Eastern District of New York, over an alleged $2 billion fraud and kickback scheme involving Mozambican state-backed loans.

Boustani, a lead salesperson for international shipbuilding company Privinvest, was charged with conspiracy to commit wire fraud for allegedly defrauding investors, conspiracy to commit securities fraud and conspiracy to commit money laundering.

Willkie argued that Boustani did not defraud any investors, and that he never met or had a relationship to any investor, and that as a Lebanese citizen who had never set foot in the U.S. before he was arrested, the charges and evidence failed to connect him to New York.

After a six-week trial, the jury announced its verdict, finding Boustani not guilty on all charges.

Willkie defended Mr. Boustani with a team led by noted white-collar litigation partners Randall Jackson (Picture) and Michael Schachter, Co-Chair of the White-Collar Defense Practice Group. The team also included associates Casey Donnelly and Philip DiSanto, who led key witness questioning in the trial.

Involved fees earner: Philip DiSanto – Willkie Farr & Gallagher; Casey Donnelly – Willkie Farr & Gallagher; Randall Jackson – Willkie Farr & Gallagher; Michael Schachter – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Jean Boustani;

Author: Ambrogio Visconti