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Michael S. Dry
Michael S. Dry
Partner — Government Investigations & White Collar Criminal Defense
Partner — Government Investigations & White Collar Criminal Defense

Michael S. Dry

Michael S. Dry
Washington

2200 Pennsylvania Avenue NW
Suite 500 West
Washington, DC 20037

start quote symbolIn what I do, there are clear winners and clear losers. I’m often entrusted with preserving someone’s freedom or a company’s very existence, so I’m committed to moving the chess pieces around so that my clients are on the winning side.end quote symbol
Michael S. Dry

Experience Highlights

  • Represented a Fortune 500 company in both criminal and Congressional investigations involving allegations of securities fraud.

  • Represented publicly traded company in criminal investigations by the Department of Justice and foreign regulators involving allegations of Foreign Corrupt Practices Act violations.

  • Defended multi-billion dollar defense contractor in related Department of Justice criminal and False Claims Act investigations resulting in criminal declination and favorable no-admit, no-deny civil settlement 

  • Represented senior FIFA executive during criminal investigation by the U.S. Attorney’s Office for the Eastern District of New York resulting in declination

  • (E.D. Va.) — Led multi-agency investigation and prosecution of Costa Rican reinsurance company, its CEO, and CFO for the sale of more than $500 million of fraudulent financial guarantee bonds to over 3,500 investors worldwide; coordinated parallel investigations with SEC and foreign law enforcement partners and negotiated plea agreements with both the corporation and the CFO; served as co-lead trial counsel at CEO’s jury trial, where he was convicted on all counts

  • (E.D. Va.) — Led investigation and prosecution of six hedge fund executives for their involvement in the sale of more than $100 million of fraudulent securities to more than 800 investors nationwide; coordinated parallel investigations by the SEC and numerous state securities regulators; served as lead trial counsel for the separate multi-week jury trials of the two hedge fund managers, which resulted in convictions on all counts

  • Led investigation of publicly traded South Korean chemical company and its executives for their attempted theft of trade secrets and negotiated deferred prosecution agreement that included a multi-million dollar criminal penalty

  • (E.D. Va.) — Led investigation and prosecution of senior executives of national tax-deferred exchange company for their involvement in the misappropriation of more than $130 million of client exchange funds; served as lead trial counsel for the multi-week jury trial of the CEO, which resulted in convictions on all counts and a sentence of 100 years imprisonment

  • Led investigation and prosecution of the Vice President of a U.S. maritime company on FCPA charges; defendant pleaded guilty and was sentenced to 87 months imprisonment, which at the time was the longest FCPA sentence in U.S. history

  • Supervised investigation of major casino for suspected money laundering crimes related to violations of applicable Know Your Customer, Currency Transaction Report, and Suspicious Activity Report regulations  

  • Supervised several cyber intrusion investigations involving major companies from a myriad of industries and oversaw coordination between victim companies, civilian regulators, and law enforcement

  • Negotiated a plea agreement with a New York Stock Exchange-traded company to Clean Water Act violations that included a multi-million dollar criminal fine, a compliance program, and a multi-million dollar restoration project for the Chesapeake Bay

  • Secured a guilty plea from the president of a commodities trading firm for $9 million fraud; the investigation was complete within six weeks

  • Negotiated a non-prosecution agreement with one of the largest global construction firms that included a third-party nationwide environmental audit, a new environmental compliance program, and a criminal fine

  • (Va. Cir.) — Represented a Fortune 100 defense contractor in jury trial on wrongful death lawsuit brought by family of deceased U.S. Navy sailor (second chair)

Credentials

  • College of William & Mary, J.D., 2002 (Order of the Coif)
  • University of Nebraska, M.B.A., 1997
  • University of Louisville, B.S., 1990
  • Deputy Criminal Chief, U.S. Attorney’s Office for the Eastern District of Virginia, 2012-2016
  • Senior Litigation Counsel, U.S. Attorney’s Office for the Eastern District of Virginia, 2011-2012
  • Corporate & Securities Fraud Coordinator, U.S. Attorney’s Office for the Eastern District of Virginia, 2010-2011
  • Assistant United States Attorney, U.S. Attorney’s Office for the Eastern District of Virginia, 2004-2016
  • Associate, Hunton & Williams LLP, 2003-2004
  • Judicial clerk to The Honorable Robert G. Doumar, U.S. District Court for the Eastern District of Virginia, 2002-2003
  • Captain, Chief Standardization and Evaluation Navigator, United States Air Force, Air Combat Command, 1991-1999
  • Chambers USA, Litigation: White-Collar Crime & Government Investigations (District of Columbia), 2020 and 2021
  • The Best Lawyers in America© (BL Rankings, LLC), Criminal Defense: White–Collar (Washington), 2021 and 2022
  • Global Investigations Review (GIR) 100, 2020
  • Legal 500 U.S., Dispute Resolution: Corporate Investigations & White–Collar Criminal Defense, 2021
  • Member: Fourth Circuit Judicial Conference
  • Member: Federal Bar Association
  • Faculty Member: American Bar Association Annual Securities Fraud Institute, 2007-Present
  • Faculty Member, Lecturer, and Criminal Trial Advocacy Instructor: U.S. Department of Justice National Advocacy Center, 2011-2016
  • Virginia
  • District of Columbia
  • Eastern District of Virginia
  • United States Court of Appeals for the Fourth Circuit
  • “Preparing for and Managing Risks Involved with Cross-Border Investigations,” V&E Houston Office, September 20, 2018 (panelist)
  • “Trade Secrets Protection and Litigation: How to Respond Effectively When A Company Becomes A Victim of Intellectual Property Theft,” June 15, 2017 (speaker)
  • “Responding to the Inevitable: Common Mistakes in Cyberattack Planning and Responses,” V&E Cybersecurity and Data Privacy Insights E-communication, June 14, 2017 (co-author)
  • “Counsel as Quarterback During Data Breaches,” Incident Response Forum 2016, March 31, 2016 (co-panelist)
  • “The Governor McDonnell Case – Where Do We Go From Here in Public Corruption,” 31st Annual National Institute on White Collar Crime, March 8-10, 2016 (panelist)
  • “Cybersecurity and Disclosure Obligations,” Ninth Annual National Institute on Securities Fraud, American Bar Association, November 2014 (panelist)
  • “The Financial Crisis: Intersection of Mortgage-Backed Securities & Fraud,” Seventh Annual National Institute on Securities Fraud, American Bar Association, October 2012 (panelist)
  • “Insider Trading Knows No Bounds: What Theory Will They Come Up With Next?,” Fourth Annual National Institute on Securities Fraud, American Bar Association, October 2009 (co-panelist)
  • “Strategies for Creating Multi-Agency Financial Fraud Task Forces,” U.S. Department of Justice National Advocacy Center, May 2009 (speaker)
  • “Investigative Strategies for Corporate Targets,” U.S. Department of Justice National Procurement Fraud Conference, 2008 (speaker)
  • “Regulation Overload or Striking the Right Balance?,” Second Annual National Institute on Securities Fraud, American Bar Association, October 2007 (co-panelist)