This former Enron prosecutor explains why it’s so difficult to convict companies and their executives

Apparently, Buell hasn’t read any of the securitization “seamless automation” computer software patents – at least not in depth or he’d be more likely to see the deception.

Justice League

Many who follow the depredations of large corporations share a feeling that U.S. criminal law and its enforcers too often fail to hold these institutions accountable. Writers ranging from U.S. District Judge Jed Rakoff in New York to muckraking journalist Matt Taibbi have complained of the paucity of convictions for financial crime.

Now comes Samuel Buell, a law professor at Duke University, whose new bookCapital Offenses: Business Crime and Punishment in America’s Corporate Age, explains why the white-collar criminal justice system comes up short. Despite being thin on proposed reforms, this new offering deserves attention from anyone concerned with the topic.

The author brings two excellent credentials to his task: a breezy writing style and deep prosecutorial experience. He led the U.S. Justice Department’s Enron Corp. Task Force and earlier worked on the prosecution of notorious Boston gangster James “Whitey” Bulger. When it comes to errant corporations, Buell writes, the government runs into a structural problem: As a…

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One thought on “This former Enron prosecutor explains why it’s so difficult to convict companies and their executives

  1. What about the patent for servicing? You ring up a bill on your mortgage statement from all the servicing fees because those fees come right out of the interest paid on that fake mortgage. What bullshit!!!!

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