Thursday, September 10, 2015

About That "Everyone Is Equal Under The Law" Thing....

Yeah, right. there are probably hundreds of financial sector people who should be rotting in jail right fucking now.

New Justice Department Rules Aim to Prosecute Executives in Corporate Crime



The memo urges prosecutors to demand evidence against named employees, "regardless of their position, status or seniority"

The Justice Department will put a renewed focus behind targeting individual executives in incidents of corporate fraud and other white-collar crime, according to a new memo released Wednesday.

The memo, obtained by the New York Times, was released to prosecutors nationwide. In the document, Deputy Attorney General Sally Q. Yates urges prosecutors to demand evidence against named employees, “regardless of their position, status or seniority,” in exchange for being credited for cooperating with the government—a status that could save companies billions of dollars and lessen charges against them.

The Just Department has been criticized for accepting large settlements from companies it has investigated while failing to punish individuals behind the wrongdoing. The department has countered that charging executives themselves is often difficult, if not impossible. The memo acknowledges that charging higher-level employees is challenging because they “may be insulated from the day-to-day activity in which the misconduct occurs.”

In an interview with the Times, Yates explained the Justice Department was seeking to lose its image of being too cozy with Wall Street: “The public needs to have confidence that there is one system of justice and it applies equally regardless of whether that crime occurs on a street corner or in a boardroom,” said Yates.

Ongoing Criminal Enterprise sound familiar?

1 comment:

Mobile App Developers said...

Blogging is the new poetry. I find it wonderful and amazing in many ways.

Fair Use Notice

Fair Use Statement: This site may contain copyrighted material, the use of which may not have been authorized by the copyright owner. I am making such material available in an effort to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. I believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: “http://www.law.cornell.edu/uscode/17/107.shtml” If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.