November 2, 2012
GeyerGorey LLP Announces Formation
WASHINGTON -- Hays Gorey, Jr. and Bradford L. Geyer today announced the formation of a law partnership, GeyerGorey LLP, with offices in Washington, D.C. Both Geyer and Gorey spent almost their entire careers with the Department of Justice, in both the Antitrust and Criminal Divisions. Gorey retired from the Department in 2011 and Geyer resigned after a 21-year career in October. The new firm will focus on white-collar criminal defense, corporate internal investigations and corporate compliance counseling, particularly for companies and individuals with little experience with decision-making by federal law enforcement and regulatory agencies inside the Washington beltway.
Geyer was most recently assigned to the Philadelphia Field Office of the Antitrust Division, where he spent the majority of his career. From March 2007 through June 2010, Geyer served as special counsel to the National Procurement Fraud Task Force (NPFTF). At NPFTF, Geyer was involved in the coordination and oversight of Overseas Contingency Operations cases (also known as the “warzone cases”). There, he developed and provided anti-fraud training (fraud, Foreign Corrupt Practices Act, anti-money-laundering procedures and competition)
Gorey retired from the National Criminal Enforcement Section of the Antitrust Division, where he was involved in a number of major investigations and prosecutions during a 40-year career. Immediately preceding his retirement, he was in charge of an investigation of international air freight forwarders for rate-fixing. Previously, Gorey was in charge a major civil investigation and prosecution of 24 Nasdaq market makers for fixing the spread between the buying and selling prices of Nasdaq stocks and for a case against Salomon Bros., Inc. and two hedge funds to limit the supply of two-year Treasury notes to short sellers in the “repo,” or “repurchase agreement,” market. Short sellers who needed to borrow the notes to cover their positions were subjected to a “short squeeze” when they were unable to borrow the notes. To resolve the charges, Salomon Bros. paid $190 million (plus $100 million for a victims’ compensation fund). The hedge fund defendants paid a total of $75 million. Gorey also led major criminal prosecutions against electric construction contractors, road builders and marine installation contractors.
Earlier in his career, Gorey was with the Organized Crime and Racketeering Section of the Criminal Division, where he prosecuted mainly labor racketeering cases against union officials, including officials of the United Mine Workers of America and the International Brotherhood of Teamsters.
Geyer helped develop a set of best practices procedures for Overseas Contingency cases and a set of best practices for conducting investigations and prosecutions in which information affecting national security is involved. He reviewed and evaluated modus operandi of recent cases and investigations involving cash smuggling and fraudulent money transfers and recommended programmatic changes across agencies to address what was then a growing threat to our logistical support for the nation’s warfighters.
In his role as Special Counsel to NPFTF (Executive Director Steve Linick), Geyer’s experience spanned the Bush and Obama administrations and he reported through management chains in both the Criminal and Antitrust Divisions.
The new firm will have offices at 1776 I Street, NW, Washington, D.C. Its websites can be found at www.GeyerGorey.Com and www.USAIDFraud.Com.
(For further information, please call Hays Gorey at 202-644-8732 or Brad Geyer at 202- 644-8766).