Williams and Connolly Hires Disgraced UBS General Counsel

aufhauser_david 225px-alberto_gonzales_-_official_doj_photographWhile some may have expected attorney David Aufhauser to be seen in the halls of Williams & Connolly as a client but it appears that he has now been embraced as a partner. It appears that involvement in an insider trading scandal is not a barrier to career advancement. The former general counsel and managing director for UBS has joined the firm after agreeing not to practice law for two years due to the alleged insider trading. In the meantime, the shunning of Alberto Gonzales by both law firms and former colleagues continues.

Aufhauser is a former general counsel of the U.S. Department of the Treasury, who was implicated in the UBS insider trading scandal. Last October, he settled charges with New York attorney general Andrew Cuomo for a $6.5 million fine and agreed not to practice law in New York for two years.

Aufhauser was accused of trading in the midst of an auction rate securities crisis. According to the settlement, Aufhauser was riding on an Amtrak Acela trial from from New York to Washington, D.C., when he read an e-mail sent that day by UBS’s chief risk officer describing problems with the UBS’s auction rate securities market. Within minutes, Aufhauser sent an e-mail to his financial adviser and told him to sell all of his auction rate securities.

For the Aufauser story, click here.

In the meantime, Alberto Gonzales admits that law firms are not lining up to hire him and that even President Bush has not reached out to him, here. When asked about the lack of a job, Gonzales responded: “Listen, I’ve had some interest and I’ve had some discussions, but there has been no offer made. In a tough economic climate, I can understand why a company or a firm would want to make sure that the investigations are complete and there is no finding of wrongdoing before they make a hiring decision.”

It appears, however, that his successor Eric Holder is structuring a reported investigation to shield Gonzales and others from war crimes prosecutions, here.

12 thoughts on “Williams and Connolly Hires Disgraced UBS General Counsel”

  1. Mespo, same thing here.

    Bar Harbor was always the place to be, go, and do and it still is in many respects, but it has been upstaged by places like Camden, which has likewise been ‘upstaged’, in my view and my friends by places like my farm on Penobscot Bay.

    It’s my property. I bought it years go and I pay for it and the upkeep of my animals and my/’our’ privacy including my man.

    My partner, who is also a surgeon, and I also maintain a condo we bought together in Boston, near MGH and BW on the Harbor across the street from where I used to live for twenty years.

    AND that’s how we like to roll!

    Buddah is so jealous he could spit and he has as you alkl have witnessed.

    I, and most of you paying attention know full well what I have written about myself, my family, my education, and my profession, and our Mayflower history. I can repeat it verbatim because it’s all true.

    And it’s NOT the picture he is trying to paint and I will buck him everystep of the way.

    Watch me.

    He is obsessed with maligning me because he has trashed things for himself. Boo Hoo.

    Too f’n bad. Not my fault!

  2. foo:

    “Kitty Hawk is too commercial. I suggest Duck or Ocracoke.”


    Have to agree but the house is there. Has been for 30 years, so off we go. For a real taste of the old Outer Banks it’s off to Hatteras!

  3. Heck you mean that maybe the insider trading expert can get a job and Bert cannot. Maybe some insider information may still be afoot.

  4. Good for you, mespo! Kitty Hawk sounds perfect.
    You deserve a break and some watermelon – at the festival…

    I was gonna tell JT to pick up some kites, ‘somewhere’, and his camera and snap some artistic photos of his kids running on the beach at sunset – for future appreciation.

  5. JT:

    “I collect great breakfast places from Mother’s in New Orleans to Parker and Otis in Durham to Wishbone in Chicago.”


    I will suggest the Crab and Eggs Benedict at S & O’s but do it near lunchtime (like you’d get up early at the beach anyway) since it’s filing. My family and I would stop there on the way to deep sea fishing out of Oregon Inlet. It’s sort of a locals’ hangout so don’t expect lots of ferns or brass.

    Owens’ is traditional and still a good choice if the kiddies are in tow as it’s pretty family friendly. See it between the highways at MP 16 also. I’ve only been there for dinner, but they have great seafaring artifacts for the little ones to see like logbooks and ship’s bells etc. You do have some shipbuilders in your junket as I recall.

    I am heading to Kitty Hawk myself on Friday or so my wife tells me (note the “decider”). I have to apologize to Patty since I cried the blues about no beach time. Hopefully, I’ll get in 18 at Duck Woods. That’s my idea of “lying” in the sand.

    In the vernacular, “Enjoy you all’s vacation.”

  6. My, my JT you are quite prolific on your holiday. May I suggest some fun on the beach with the kids or hopefully you’ve rented a house with a big pool. You can even get in 18 at Sea Scape.

    We’ll make do with you having a break from our inanity for a while. And I don’t want to hear about you hang-gliding off of Jockey’s Ridge in your Speedo. Some images are too much to for even a battle weary litigator to handle.

    Enjoy your time with you kids et uxor!

    1. Mespo:

      You are too kind. However, we are getting a lot in at the beach. While it is 100 degrees, the waves are great. This morning we were swimming when a bunch of dolphin swam by. I will try your recommendation on the breakfast place. I collect great breakfast places from Mother’s in New Orleans to Parker and Otis in Durham to Wishbone in Chicago.

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