Tuesday, August 14, 2012

Corporate Fraud Cases Often Spare Individuals

The New York times has; (hat tip to taxpayers against fraud, www.taf.org)

Corporate Fraud Cases Often Spare Individuals

But a top government enforcement official gave another reason, saying it was often too difficult and expensive to find evidence that clearly linked individual actions to corporate wrongdoing. Senior executives in particular are often insulated from day-to-day decisions, the official said, and have learned to steer clear of e-mails or other evidence that might prove that they knew the company was breaking the law. The official spoke on the condition of anonymity because more companies and executives were expected to be taken to court. ..... "
[Ed, "Let's all WRITE This next quote from Mr. West on a Post It Note and stick it up right next to our computer so we Won't forget it.]

" ..... The Justice Department said its prosecutors assessed how strong the evidence was and the likelihood of a successful trial in deciding whether to charge individuals. Even if a company has settled a case, it said, an investigation of individual conduct can continue and might eventually result in charges.
To the extent you do not see many individuals being held accountable, that’s not because of a lack of will on the part of the Department of Justice,” said Mr. West, the acting associate attorney general. “There is a lot of behavior that makes us angry but which is not necessarily illegal. If the evidence is there, we won’t hesitate to bring those cases. ..... ”
[Ed, Johnson and Johnson has been 'Finalizing' a Fed DOJ buyout on their Risperdal problems. A few months ago J&J was adamant that DOJ was not getting their hands on New J&J CEO Alex Gorsky to depose him regarding what he knew and had a hand in regarding Omnicare kickbacks and more.

DOJ Wants Incoming J&J CEO Gorsky  Re: Omnicare Kickback Allegations

The buyout price being bruited about is $2.2 Billion.

J&J Risperdal Agrees To Pay Obama DOJ's Parking Ticket.

Let's see if Gorsky's deposition gets swept off the table when the buyout does get 'Finalized'.

“There is a lot of behavior that makes us angry but which is not necessarily illegal. If the evidence is there, we won’t hesitate to bring those cases. ..... ”

 not necessarily illegal,

18C95 Sec 1958: Murder For Hire

If the evidence is there, ..... 

'Mental Health' In San Francisco: Link Fest

Did somebody get President Clinton to redefine the word "Evidence"?

To the extent you do not see many individuals being held accountable, that’s not because of a lack of will on the part of the Department of Justice,

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