The US Attorney for the Southern District of New York, Preet Bharara, indicated today that criminal charges may be pending against a major Wall Street financial institution.
Charging the institution and not individuals
“You can expect that before long a significant financial institution will be changed with a felony or be made to plead guilty to a felony,” the Twitter account of the Southern District of New York (@SDNYnews) posted.
Hesitation to investigate and much less prosecute financial firms
The US Department of Justice has long been hesitant to prosecute Wall Street financial institutions for fear it...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
