New Justice Department Policies Encourage More Prosecutions Of Corporate Executives
Source: Associated Press
By ERIC TUCKER | Associated Press | 19 minutes ago in Money, Politics
WASHINGTON (AP) — The Justice Department issued new guidance to its prosecutors on Wednesday, aimed at encouraging more white-collar criminal cases against corporate executives.
The new policies come amid persistent criticism that the Justice Department, even while negotiating multi-billion-dollar settlements with large banks, has not been aggressive in prosecuting individuals for financial misconduct — including after the mortgage crisis that devastated the U.S. economy.
The policy changes were outlined in a memo issued to Justice Department attorneys and to the FBI, and Deputy Attorney General Sally Yates was expected to discuss the issue in a speech Thursday at New York University's law school.
Though it's not clear whether the new policies will actually result in additional prosecutions, they reflect concerns that the department could be doing more to hold individual, high-level executives accountable.
Read more: http://www.newser.com/article/1f1de55bb5f34fe1a991141be3442988/new-justice-department-policies-encourage-more-prosecutions-of-corporate-executives.html
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