The Wall Street Journal article, “Fed Probes Morgan Stanley’s International Wealth-Management Practices,” continues the discussion from a 2021 article from the same publication that focused on a client of Cranfill Sumner LLP attorneys Patrick M. Mincey and Stephen Bell, along with co-counsel Phil Brewster of Illinois.
In 2021, U.S. authorities launched an investigation after attorneys Mincey and Brewster filed their client’s whistleblower complaint with the SEC in 2019. The Wall Street Journal then reported the alleged conspiracy involved a network of international actors and firms collaborating to steal $2 billion from Petróleos de Venezuela, S.A. (PDVSA), the state-owned oil company of Venezuela.
The new article published on Nov. 8 discusses a current investigation into Morgan Stanley’s vetting of clients from foreign countries who use the company’s wealth management services.
Attorney Patrick M. Mincey founded and leads the White Collar, Government Investigations & Special Matters Group and Administrative, Regulatory & Government Law Group at Cranfill Sumner LLP in North Carolina. The White Collar, Government Investigations & Special Matters practice group has extensive experience both representing whistleblowers and defending organizations in multi-billion-dollar international investigations.
Attorney Stephen Bell is partner in the White Collar, Government Investigations & Special Matters Group at Cranfill Sumner LLP in North Carolina.
Attorney Phil Brewster is the founding partner of Brewster Law Firm LLC in Winnetka, Illinois, a firm dedicated to whistleblower matters and government investigations.