Emtrain Blog

Timothy Crudo

An expert in corporate governance and white collar criminal matters, Tim regularly advises corporate boards and executives on topics such as: insider trading, securities violations, accounting fraud, and other corporate crimes. As a former Chief of the Securities Fraud Section of the U.S. Attorney’s Office in San Francisco, Tim was the lead prosecutor in a number of high-profile criminal trials of senior corporate executives in Silicon Valley. For several years, Tim was a partner at Latham & Watkins. Currently, he is a partner at Coblentz Patch Duffy & Bass, where he heads up the firm’s White Collar Defense and Government Enforcement Practice Group. As a trial lawyer, he focuses on investigations and cases brought by criminal prosecutors, government regulators, and shareholders in white collar, securities, and corporate governance matters as well as internal corporate investigations.

Recent Posts

Compliance Programs Under the Microscope in 2016

Posted by Timothy Crudo

February 4, 2016

As a new year’s resolution, companies may want to take time in Q1 to review existing compliance programs, especially in light of the Department of Justice’s (DOJ) recent appointment of compliance counsel to help evaluate the good faith and effectiveness of corporate compliance programs.

The DOJ seems to be moving towards a deeper analysis of compliance program quality and effectiveness, which is why it appointed a compliance counsel with significant high-level experience across a variety of industries.

According to the DOJ, the new compliance counsel will help it determine whether a company’s compliance program is simply a check-the-box program or a substantive, effective program – a distinction that can make a big difference when it comes to DOJ charging decisions and penalties.

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Topics: Business Compliance, Corporate Governance

SEC and DOJ Enforcement Trends for 2015

Posted by Timothy Crudo

May 7, 2015


The DOJ and SEC are changing the way they enforce white collar crime. Until recently, the focus was on large corporations with significant infractions, but times have changd. The Feds have broadened their corporate focus to include individuals, mid-sized businesses, and smaller infractions. Keep reading to learn about these new corporate crime enforcement trends and how to stay off the government’s radar.

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Topics: Business Compliance, Insider Trading, Corporate Governance

Blowing the Whistle on Insider Trading

Posted by Timothy Crudo

October 28, 2014

The Dodd-Frank Act provides an SEC hotline that rewards whistle-blowers up to 30% of any recovery. Will this encourage employees to bypass a company’s internal compliance and report directly to the regulators? Here are my thoughts on the effects of this statute.  

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Topics: Business Compliance, Insider Trading

How to Lower Your Insider Trading Risk

Posted by Timothy Crudo

September 18, 2014

How are you protecting your organization and employees from the temptation of insider trading? Just recently, an employee at a major national law firm was arrested for insider trading when he traded in the stock of a number of his firm's clients. This is the firm’s second high-profile run-in with insider trading in the last few years, exposing the firm to significant negative publicity and creating life-altering consequences for the people involved.

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Topics: Business Compliance, Insider Trading

Insider Trading & Your Privilege

Posted by Timothy Crudo

September 2, 2014

Are you being investigated or have concerns about insider trading? Should you waive your privilege and share information gathered with the government, including statements made during an internal investigation? Read on to learn more.

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Topics: Business Compliance, Insider Trading