SEC loses laptops. IRS, EPA lose emails. CDC loses Ebola. What next?
What times are these when supposedly uber-competent government agencies lose control of, well, mission-critical stuff like laptops, emails, and deadly viruses? What’s next? The SEC OIG says hundreds of laptops are unaccounted for. The good news is that OIG has disclosed they’re missing. Bad news? While the IRS and EPA “lose” only emails, the SEC loses […]
Supreme Court Rejects Jeff Skilling’s Honest Services Fraud Conviction
Business executives everywhere can breath a sigh of relief this morning after the U.S. Supreme Court (“SCOTUS”) yesterday struck down former Enron CEO Jeff Skilling’s convictions for so-called “honest services fraud”. While the SCOTUS decision temporarily leaves intact Skilling’s other convictions, they are now on life-support.
Bear Stearns Acquittals Send Message to DOJ, SEC
Not Guilty! Congratulations to Ralph Cioffi and Matthew Tannin on their acquittal, Tuesday, on securities fraud charges. Responding, in June 2008, to pontification by the SEC on the arrests of Cioffi and Tannin (see video flashback, below)… …I pretty much nailed the eventual outcome of these specious, politically motivated indictments in legal and market terms: […]