Whole Network Most Recent TOP10 Accounting Compliance Ethics SOX

 

KPMG judge attacks US Government

Filed in archive litigation by leon on October 02, 2007

24722466.jpg

Interesting comments from Judge Lewis A. Kaplan, speaking at a National Association of Criminal Defense Lawyers seminar. As reported in The Wall Street Journal, Kaplan raises serious questions about the way the US Government has used the threat of criminal prosecution of companies to get leverage in investigations of alleged wrongdoing by company employees.

He says this reduces the power of the courts and undermines the constitutional rights of those involved. And it places too much power in the hands of government.

For the benefit of those who have not been following this issue, Kaplan last year ruled that prosecutors had violated the rights of indicted former KPMG executives by pressuring the accounting firm to stop paying their legal fees. As a result, he threw out charges against 13 employees.

The pendulumlinks is now clearly swinging the other way with moves afoot in Congress to limit the Government's power to pursue corporate criminals. And critics say it will help future Enrons go free.

"Pre-Enron, U.S. attorneys never brought these cases, and after this bill is passed, they will quit bringing them again. This is a very clear message from Congress: Don't touch white-collar criminals,'' former SEC accounting chief Lynn Turner told Bloomberg.

Clearly this debate will continue for some time.






Permalink: KPMG judge attacks US Government
Tags: Judge  Lews  A  Kaplan  KPMG  Lynn  Turner  2007  judge+attacks 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/94655



Advertisement


Advertisement


RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter

Use the search to look for other interesting posts

 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give Luis a call at +1 (650) 331 8047.


  • Other blogs in the same channel in the Creative Weblogging Network







 
Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy