Mr. Fondo’s current matters include:
- Representing a former analyst of a major U.S. bank charged with insider trading by the U.S. Department of Justice and SEC in the Central District of California; Mr. Fondo successfully defended Ashish Aggarwal at the criminal trial, obtaining an acquittal on all 30 counts. The SEC matter is ongoing
- Representing a former CEO against criminal charges of securities fraud and wire fraud in the SDNY relating to the sale of digital assets.
- Advising clients relating to the Paycheck Protection Program and False Claims Act
- Representing domestic and international companies and executives in response to SEC investigations relating to initial coin offerings (ICOs)
- Representing an individual in a CFTC investigation
- Representing the former CEO of a major U.S. bank in civil class action and derivative litigation and regulatory investigations
- Representing a lawyer in a DOJ criminal tax investigation
- Representing the Tezos Foundation in a securities class action pending in the Northern District of California
- Representing blockchain and digital currency clients from the U.S., Canada, Israel, London, South America and Switzerland in regulatory matters
- Representing a former executive of a public company in a Bank Secrecy Act investigation
- Representing the CEO of a heathcare company in criminal proceedings relating to kickbacks
Mr. Fondo’s recent matters include:
- Represented a former board member of a public company in regards to alleged insider trading while in possession of confidential information about a pending acquisition, with no action taken
- Represented two former executives in an SEC and DOJ investigation relating to alleged securities fraud, with no action taken
- Represented a client in a post-merger arbitration, resulting in a favorable verdict and multi-million attorney fees award
- Represented Coinbase in IRS v. Coinbase in the Northern District of California
- Successful defense at trial of former J.P. Morgan Securities LLC analyst Ashish Aggarwal on conspiracy, insider trading, and wire fraud charges. A Central District of California jury found Aggarwal not guilty on 26 counts related to his role in an alleged insider trading scheme. The court later granted defendant’s motion to dismiss the remaining four counts. This is a rare defense victory in an insider trading case and the first since the December 2016 U.S. Supreme Court decision in Salman v. United States lowered the bar for prosecutors in insider trading cases.
- Represented the former CEO of a company in a criminal investigation relating to cyber hacking in the Northern District of California, with no action taken
- Successfully obtained the dismissal of two federal RICO lawsuits filed against a former CEO of a major U.S. bank, affirmed on appeal by the Ninth Circuit
- Led an internal investigation for a public company relating to insider trading
- Represented a digital currency exchange in obtaining the first civil order in which a federal court custodied digital currency
- Represented a criminal defendant in the Northern District of California facing a minimum of 10 years in jail; after filing a motion to suppress evidence the U.S. Attorney’s Office dismissed the indictment against the client shortly before trial
- Successfully obtained a dismissal of all charges filed against a defendant criminally charged with multiple counts of securities fraud in an alleged multi-million dollar securities fraud
- Represented the special committee of a national organic food company in responding to a DOJ criminal investigation in the Eastern District of California, and negotiated a Non-Prosecution Agreement
- Represented a digital currency company in a DOJ settlement and the first ever FinCEN settlement with a virtual currency exchange
- Represented Sand Hill Exchange and its founders in the settlement of an SEC enforcement matter relating to derivatives and digital currency
- Represented an online equity company and its executives in response to an SEC investigation into the unregistered sale of securities and alleged illegal swaps. Resolved for client with no action taken
- Represented a digital currency company in a state investigation, with no action taken
- Represented a well-known private equity fund in response to an SEC investigation concerning the fund’s alleged lack of disclosures to investors. Resolved for client with no SEC action taken
- Represented individuals in a False Claims Act health care investigation
- Represented one of the world's largest online communities in successfully moving to quash the DOJ subpoena seeking user information
- Represented Internet Archive and the American Library Association in the landmark smartphone privacy and 4th Amendment case of Riley v. California, whose position, outlined in a successful amicus brief, was in substance adopted by the Justices
Mr. Fondo has been an active participant in bar association activities throughout his career, serving as:
- Steering Committee, Federal Bar Association, Northern District of California, 2016-2018
- Co-Chair, White Collar & Corporate Governance Subcommittee of the Securities Litigation Committee, ABA Section of Litigation, 2008-present
- Member, Federal Courts Committee, Santa Clara County Bar Association, 2011-2015
He is a member of The Government of Bermuda's Global Fintech Advisory Board, and a founding member of the Digital Currency and Defense Ledger.
His volunteer work includes being on the Board of Directors of the Los Alto-Mountain View PONY Youth Baseball League. He is also a member of the International Association of Privacy Professionals.
Prior to joining Goodwin, Mr. Fondo served for nearly five years as an Assistant U.S. Attorney in the Northern District of California, where he focused on prosecuting white collar crime, including investment, bank, financial, health care and securities fraud, drug trafficking and money laundering. Mr. Fondo’s trials included obtaining the conviction of the owner of a large national company for bank fraud after a month-long trial, and obtaining the conviction of a criminal defense lawyer for money laundering.
During his time as a federal prosecutor, he led a multi-jurisdictional take down of an international drug trafficking organization resulting in what was believed to be the largest seizure of methamphetamine in U.S. history. This case received the 2012 Northern California High Intensity Drug Trafficking Area case of the year award, an effort run by the White House Office of National Drug Control Policy.
Mr. Fondo is on the Northern District of California Criminal Justice Act panel and one of the co-founders of the joint criminal trial program between private law firms in Silicon Valley and Santa Clara County Office of the Public Defender.