An Idiot’s Guide to Prosecuting Corporate Fraud

justiceleague00's avatarJustice League

Say you’re the newly elected president of the United States, and you want to make prosecuting corporate crime a top priority.

Where do you start? Here would be good.

A new group called Bank Whistleblowers United have just pushed out a comprehensive plan they think would put the executive branch back in the business of enthusiastically identifying, indicting, and convicting financial fraudsters — restoring accountability while protecting the public.

The cumulative credibility of the group’s four founders is extremely strong. Richard Bowen is the Citigroup whistleblower who unsuccessfully warned top management about the rotten condition of loans inside mortgage-backed securities. Michael Winston spoke out about similarly corrupt practices at non-bank mortgage originator Countrywide. Gary Aguirre, a Securities and Exchange Commission attorney, was fired for refusing to let a Wall Street banker out of an insider trading investigation.

And their ringleader is William Black, an outspoken fraud-fighter and longtime white-collar criminologist…

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Eric Holder Makes Ads for Hillary Clinton While Making Deals for Corporate Clients

justiceleague00's avatarJustice League

A really bad move by Team Hillary to have Holder involved in her campaign. I understand that this is a political strategy to get the African-America vote in South Carolina and touch on the subject of social injustice among the African-Americans. But, the issue of Wall Street and Eric Holder not going after the big banks in criminal charges while he was AG will continue to haunt Clinton in the Presidential race..

Former Obama administration attorney general Eric Holder is prominently featured in a Hillary Clinton campaign ad running in South Carolina. “If you want to make sure Republicans don’t take us backward, help Hillary move us forward,” Holder says.

Meanwhile, in his post-public service life as a partner with white-collar defense firm Covington & Burling, Holder is upholding his Justice Department’s tradition of negotiating lower fines for corporate offenses, albeit from the other side of the negotiating table.

The…

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