The Trump Appointed US Attorney for the Southern District of New York is offering a deal to the banksters, self report your fraud, and get a slap on the wrist and all records hidden from the public.
He's doing this openly, and the rest of us will pay for this bullsh%$.
Wall Street’s top prosecutors want lawbreaking companies to hand themselves in, offering behind-closed-door deals that let them avoid being charged, fined or having full details of their fraud made public.
The US Attorney’s Office for the Southern District of New York, which secured huge fines and guilty pleas from companies such as Drexel Burnham Lambert and Steve Cohen’s SAC Capital, has been meeting big law firms and corporate advisers in recent weeks to promote its softer approach to white-collar crime.
The lenient new deals are available even in cases where alleged fraud was pervasive, caused severe harm, involved senior leaders and had already been reported in the press or by a whistleblower.
Prosecutors might charge individuals, but they would not charge companies even if the wrongdoing was worse than originally admitted. They would also not publish details of the deals.
So-called voluntary self-disclosure policies have been available in the past but the new SDNY version, which only applies to fraud, is significantly more generous to companies.
The policy here is simple, if wypipo do it, it's not a crime.
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