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Market Watch: Don’t Believe Hype of DOJ Crackdown on White-Collar Crime

wall-street [1]By Russell Mokhiber
Market Watch

If you ask, corporate criminal defense attorneys will tell you — as they have told me — the one thing their corporate clients want to avoid when facing off against the federal government is an admission of wrongdoing — to have to plead guilty to the crimes they have committed.

Everything else is possible.

Pay huge fines? No problem.

Accept a monitor to report back to the government? Bring it on, especially if the company gets to approve the monitor.

Turn over executives responsible for the crimes? Under the bus they go.

But no guilty pleas for the corporate parent.

That’s why people who follow corporate crime prosecutions closely are taking the release of a memo [2]from the Justice Department that will implement new policies to go after individual corporate executives with a grain of salt.

To read more click here.  [3]