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Tuesday, April 16, 2024

Bloomberg: Enron Buster Is Back at Justice and Taking Aim at Real People

 

Looks like a good appointment; let's see some Godzilla action now. 

Enron Buster Is Back at Justice and Taking Aim at Real People

By Tom Schoenberg and Greg Farrell 

Excerpt:

Lawmakers, in what has become something of a Washington ritual, criticized the Justice Department this week for not holding individual bankers to account for the financial crisis.

So, the Justice Department has given the job to Godzilla.

Leslie Caldwell, the prosecutor who led the government’s prosecution of Enron Corp., took over the Justice Department’s Criminal Division in June after a decade in private practice. Among her priorities, she says, is focusing on the individual actors behind corporate wrongdoing.

“Certainly, there are cases where you also want to prosecute the company,” Caldwell said in an interview last week. “But I think you get the best outcome — really across the board in terms of deterrence, in terms of the message to the public — when you prosecute individuals.”

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