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MoFo Partner William Frentzen Discusses Cryptocurrency and the Law at the NDCA Conference

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MoFo partner William Frentzen will serve on a panel discussing cryptocurrency and the law at the Northern District of California 2023 Conference on April 21. 

MoFo partner William Frentzen will serve on a panel discussing cryptocurrency and the law at the Northern District of California 2023 Conference on April 21. This panel will be moderated by Magistrate Judge Westmore and will discuss emerging legal issues with cryptocurrency markets including regulation and criminal enforcement. William will share his criminal and enforcement perspective on the issue based on his experience at AUSA.<hr>

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William Frentzen is a trial attorney and partner in Morrison Foerster’s Securities Litigation, Enforcement, and White Collar Defense Group and is the former chief of the Corporate and Securities Fraud Unit for the U.S. Attorney’s Office for the Northern District of California (NDCA).William represents companies and their executives in internal and government investigations, white collar criminal defense matters, and parallel civil litigation related to allegations of corporate fraud, securities fraud, public corruption, intellectual property crimes, crisis response related to cyber breaches, money laundering, healthcare fraud, digital currency crimes, tax crimes, cybercrime, Racketeer Influenced and Corrupt Organization (RICO) Act violations, and environmental crimes, among others. William has represented cryptocurrency platforms and other companies through exploit and cybersecurity attacks and asset recovery, including representing a company through the largest digital asset recovery in decentralized finance history. He also serves as an advisor for the capital fund of Haun Ventures, an investment firm focused on web3 ventures, tokens, and projects related to blockchain technology, digital currency, and crypto assets.Over the course of his career, William has successfully tried over 40 federal criminal and civil jury trials around the country, including some of the longest and most complex criminal cases in the NDCA. His trial capabilities were recognized through his appointment as Senior Trial Counsel for the NDCA, a position created in acknowledgment of William’s unique ability to try cases. William’s trial experience includes securing conviction of a chief financial officer related to accounting and securities fraud charges arising out of the $11 billion sale of a software company, the largest fraud case in the history of the NDCA. He has also achieved several high-profile criminal resolutions, including the first-ever criminal prosecution for violating the Lobbying Disclosure Act against an infamous lobbyist and the conviction of two corrupt federal agents for stealing and extorting digital currency during their investigation of the Silk Road dark market website. He also served as an Adjunct Professor at UC Berkeley School of Law, where he taught Civil Trial Practice.Before joining MoFo, William spent over 20 years at the U.S. Department of Justice (DOJ), where he most recently served as chief of the Corporate and Securities Fraud Unit for NDCA. Prior to that he also served as chief of the Corporate Fraud Strike Force, as Senior Trial Counsel, and as chief of the Organized Crime Strike Force for that office, and he also developed and supervised the country’s first cryptocurrency crime coordinator position within a U.S. Attorney’s Office. William has also served as an Assistant United States Attorney (AUSA) in the U.S. Attorney’s Offices for the District of Columbia and the Southern District of Georgia and as Associate Independent Counsel in the Office of Independent Counsel.Since joining private practice, William has been recognized by leading industry and business publications, including Financial Times, which named him a “Commended Individual” in the Innovative Lawyers in Cyber Security & Data Protection category of its 2023 North America Innovative Lawyers report. He was recognized for his role in negotiating the return of nearly $200 million in digital assets for Euler, three weeks after these assets were stolen, completing one of the largest recoveries in decentralized finance history. Further, William was named to Daily Journal’s 2024 list of Leading Commercial Litigators relating to the successful handling of multiple civil litigation matters, including a jury trial victory, a granted summary judgment motion, and his work on the Euler matter mentioned above.William also received numerous awards for his exceptional trial work at DOJ, including, among others, the Attorney General’s Distinguished Service Award, the DOJ Director’s Award for Superior Performance by a Criminal AUSA, and the FBI Director’s Award for Excellence, in addition to various other awards and commendations from federal and state agencies. He was also recognized as a California Attorney of the Year by The Recorder following a five-month racketeering jury trial.Throughout his time as a prosecutor, William has coordinated with a variety of state, local, and federal law enforcement partners, including the U.S. Securities Exchange Commission (SEC), Federal Bureau of Investigation (FBI), Internal Revenue Service (IRS), Commodity Futures Trading Commission (CFTC), Federal Trade Commission (FTC), Office of Foreign Assets Control (OFAC), and Financial Crimes Enforcement Network (FinCEN), among others. He has also worked with numerous global law enforcement agencies, including INTERPOL, Europol, the UK Serious Fraud Office, and the UK National Crime Agency, among others.William received his J.D. cum laude from Tulane Law School, where he also received a certificate in environmental law, and his B.A. from New College of the University of South Florida.<h4>Representative Experience</h4><h5>Private Litigation Experience</h5><ul><li>Obtained a rare jury verdict in a Clean Water Act trial in the Central District of California involving allegations of years of runoff into navigable waters, applying a recent Supreme Court decision regarding pollution point sources.</li><li>Obtained a complete defense victory through summary judgment for a leading transportation technology company against a prominent venture capital fund that alleged fraud and contractual interference.</li><li>Secured a favorable settlement after jury selection in a trial for a major biosciences company and founders, executives, and board members in a lawsuit filed in San Diego Superior Court alleging fraud, breach of contract, and tortious interference claims, which sought damages of $400–700 million.</li><li>Negotiated the return of more than $220 million in digital assets for a leading decentralized finance (DeFI) platform, three weeks after these assets were stolen, completing one of the largest recoveries in DeFi history.</li><li>Representation of a decentralized crypto exchange in relation to a major exploit resulting in the misappropriation of over $110 million, including negotiating return of most of the funds; assisting in identifying the attacker, leading to his arrest; and bringing a lawsuit against the attacker for return of remaining funds.</li><li>Negotiated the safe return of Tigran Gambaryan, a former decorated IRS Criminal Investigations agent responsible for countless big cases and recovering billions of dollars in successful forfeiture and restitution, who was unlawfully lured, detained, and prosecuted by the Nigerian government. The matter involved coordination with local counsel in Nigeria as well as other law firms and entities in the United States to raise awareness of his detention, bring pressure for his release, craft his legal strategy and trial defense, and pursue legal recourse against those who unlawfully detained him. All charges were dismissed against the client.</li><li>Representation of companies and executives through investigations and cases brought by the U.S. Department of Justice.</li><li>Representation of companies and executives in regulatory investigations and cases brought by the CFTC and the SEC.</li><li>Representation of companies through investigations by state and local law enforcement.</li><li>Representation of companies in highly sensitive matters involving internal fraud investigations and involuntary and negotiated departures of chief executive and other senior officers.</li></ul><h5>Government Experience</h5><ul><li>Brought accounting and securities fraud charges against a chief executive officer, chief financial officer, and founder arising out of the $11 billion sale of a software company, which led to the conviction of the chief financial officer and became the largest fraud case in the history of NDCA.</li><li>Brought money laundering, conspiracy to commit international money laundering, and operating an unlicensed money exchange charges against an unregistered digital currency exchange and its primary operator.</li><li>Seized billions of dollars in digital currency, one of the largest seizures in U.S. history, related to the Silk Road digital black-market platform.</li><li>Brought money laundering, computer intrusion, and conspiracy to commit wire fraud charges against the perpetrators of a major cyber breach involving VIP customer accounts of a large social networking service and cryptocurrency fraud. This was one of the most rapidly investigated and charged cyber incidents of recent times.</li><li>Conducted an investigation into conspiracy to commit money laundering and conspiracy to distribute narcotics into the largest and longest-running darknet market, which accounted for approximately 80% of all cryptocurrency transactions on the darknet generally.</li><li>Brought securities fraud charges against an online cryptocurrency investment manager and its principal related to a fraudulent investment scheme valued at US$20 million.</li><li>Brought theft of trade secrets charges against the chief engineer of a multinational transportation company regarding the misappropriation of self-driving vehicle technology.</li><li>Brought public corruption charges against the heads of various municipal and public utilities operations in California.</li><li>Brought bribery and honest services charges against a California state senator.</li><li>Brought violation of the Anti-Kickback Statute charges against over 30 doctors, healthcare professionals, and a large home health provider related to illicit patient referrals.</li><li>Brought securities and healthcare fraud charges against the founder and president of a medical testing startup related to fake COVID testing, which was the first case in which securities fraud charges were brought in the context of COVID.</li><li>Brought charges of novel Lobbying Disclosure Act violations and fraud related to a multimillion-dollar Initial Coin Offering against a prominent lobbyist. This is the only prosecution ever for criminal violations of the Lobbying Disclosure Act.</li><li>Brought obstruction of justice charges again the chief security officer of a multinational transportation company regarding a significant data breach.</li><li>Brought bid-rigging, bribery, obstruction of justice, and wire fraud charges resulting in trial against a San Francisco politician, political consultants, and developers related to federal and state government contracts.</li><li>Brought environmental crime charges related to falsifying oil-water separator books and records by a large international oil tanker dumping oil in the Atlantic Ocean.</li><li>Brought environmental crime charges related to illicit hunting practices.</li><li>Brought RICO Act charges and prosecuted trials against dozens of notorious international organized crime syndicates.</li><li>Brought novel securities fraud charges against a founder and CEO for defrauding investors related to award-winning artificial intelligence (AI) technology.</li></ul>

William Frentzen

Partner

Investigations + White Collar Defense

Securities Enforcement

MoFo Partner William Frentzen Discusses Cryptocurrency and the Law at the NDCA Conference

21 Apr 2023 - 23 Apr 2023