Kevin Edmundson has been in the news quite a bit lately.
Unfortunately, the biggest, latest splash for the associate director of the SEC’s Fort Worth regional office is his arrest for assault on a public servant, following some late night jaywalking.
Prior to Saturday night, though, Edmundson had been having a hell of a year. A reminder of his better days, after the jump.
Most notably, he was leading the SEC’s investigation of R. Allen Stanford’s alleged ponzi scheme. At the time, he promised the SEC wouldn’t stop until they could “account for all the investor funds.”
He also seems to have a conscience – when he was questioning Stanford’s chief investment officer, Laura Pendergrast-Holt, Edmundson pointedly asked the question that later set off a legal firestorm. Thomas Sjoblom (Minnesota BA ‘74, William Mitchell JD ‘78, Georgetown LLM ‘82), a Proskauer partner, was the only lawyer who appeared with Pendergrast-Holt. Edmundson teed it up for her to understand that Sjoblom was a company lawyer, not her lawyer, but she didn’t catch it and Sjoblom didn’t explain the difference to her.
American Lawyer reported the exchange at the time:
Edmundson: “Just so we’re clear. As I understand your statement, you do not, as far as you’re concerned, represent the witness here today?”
Sjoblom: “I represent her insofar as she is an officer or director of one of the Stanford-affiliated companies.”
As we previously noted, she eventually figured out the problem and sued Sjoblom and Proskauer.
The Stanford case isn’t Sjoblom’s first accounting-fraud case. He was trial counsel in the case against Dynegy executives who reportedly cooked the books for $300 million. That case settled in October 2007.
He has also prosecuted lawyers before. In 2008, he went after Donald Pochopien, a Chicago lawyer accused of insider trading. Pochopien paid about $300,000 in disgorgement, interest, and penalties to settle the suit. We’re deeply offended by such inept insider trading. We’ve posted some tips before, here and here.
According to a flyer for a speech he gave five years ago,
J. Kevin Edmundson joined the Division of Enforcement in Washington, D.C. in 1995 and has worked in the Fort Worth District Office since May 1999. Prior to joining the Commission, he worked for a national law firm in Washington, D.C. from 1990 to 1995. Kevin graduated from the Catholic University School of Law in 1990.
Anyone know which firm?
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