"Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed Too Big to Fail to almost every large corporation in America--to pharmaceutical companies and auto manufacturers and beyond. [This book]--an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs--explains why"--Amazon.com.
Winner of the 2018 Excellence in Financial Journalism Award From Pulitzer Prize–winning journalist Jesse Eisinger, “a fast moving, fly-on-the-wall, disheartening look at the deterioration of the Justice Department and the Securities and Exchange Commission…It is a book of superheroes” (San Francisco Review of Books). Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed “Too Big to Fail” to almost every large corporation in America—to pharmaceutical companies and auto manufacturers and beyond. The Chickenshit Club—an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs—explains why in “an absorbing financial history, a monumental work of journalism…a first-rate study of the federal bureaucracy” (Bloomberg Businessweek). Jesse Eisinger begins the story in the 1970s, when the government pioneered the notion that top corporate executives, not just seedy crooks, could commit heinous crimes and go to prison. He brings us to trading desks on Wall Street, to corporate boardrooms and the offices of prosecutors and FBI agents. These revealing looks provide context for the evolution of the Justice Department’s approach to pursuing corporate criminals through the early 2000s and into the Justice Department of today, including the prosecutorial fiascos, corporate lobbying, trial losses, and culture shifts that have stripped the government of the will and ability to prosecute top corporate executives. “Brave and elegant…a fearless reporter…Eisinger’s important and profound book takes no prisoners” (The Washington Post). Exposing one of the most important scandals of our time, The Chickenshit Club provides a clear, detailed explanation as to how our Justice Department has come to avoid, bungle, and mismanage the fight to bring these alleged criminals to justice. “This book is a wakeup call…a chilling read, and a needed one” (NPR.org).
“There is not a single American awake to the world who is comfortable with the way things are.” So begins Lawrence Lessig's sweeping indictment of contemporary American institutions and the corruption that besets them. We can all see it—from the selling of Congress to special interests to the corporate capture of the academy. Something is wrong. It’s getting worse. And it’s our fault. What Lessig shows, brilliantly and persuasively, is that we can’t blame the problems of contemporary American life on bad people, as our discourse all too often tends to do. Rather, he explains, “We have allowed core institutions of America’s economic, social, and political life to become corrupted. Not by evil souls, but by good souls. Not through crime, but through compromise.” Every one of us, every day, making the modest compromises that seem necessary to keep moving along, is contributing to the rot at the core of American civic life. Through case studies of Congress, finance, the academy, the media, and the law, Lessig shows how institutions are drawn away from higher purposes and toward money, power, quick rewards—the first steps to corruption. Lessig knows that a charge so broad should not be levied lightly, and that our instinct will be to resist it. So he brings copious, damning detail gleaned from years of research, building a case that is all but incontrovertible: America is on the wrong path. If we don’t acknowledge our own part in that, and act now to change it, we will hand our children a less perfect union than we were given. It will be a long struggle. This book represents the first steps.
"With probing questions and articulate answers, Cosslett and her subjects shed light on the challenges of legal practice in the current legal market." BLS Law Notes, 11.16.12 Lawyers at Work reveals what it means and what it takes to be a satisfied, sane, and successful lawyer in today’s tough legal marketplace. Through incisive in-depth interviews, a top legal headhunter gives the 3rd degree to 15 successful lawyers who run the gamut of the legal profession. Practice areas represented in these profiles range from employment discrimination to corporate defense, from federal white collar prosecution to the legal structuring of complex derivative instruments, from antitrust in DC to trusts & estates in Florida, from divorce in New York to international mergers in Paris, from intellectual property in Silicon Valley to creeping expropriation in India, and from entertainment law in Hollywood to welfare rights in the Bronx. Law firm sizes range from one of the biggest in the world with over two thousand lawyers to a one-lawyer general practice. Career levels range from biglaw partners and courtroom superstars to mid-level associates and ex-lawyers. Though many of the interviewees in Lawyers at Work are generic adversaries, the interviewer brings out commonalities in their ways of working, methods of reasoning, and sources of personal motivation. Readers hear from the practitioner’s own unbuttoned lips about their career formation, daily work grind, victories and setbacks, guiding principles, professional rewards, and practical advice for aspiring lawyers.
“Professor Coffee's compelling new approach to holding fraudsters to account is indispensable reading for any lawmaker serious about deterring corporate crime.” —Robert Jackson, former Commissioner, Securities and Exchange Commission In the early 2000s, federal enforcement efforts sent white collar criminals at Enron and WorldCom to prison. But since the 2008 financial collapse, this famously hasn't happened. Corporations have been permitted to enter into deferred prosecution agreements and avoid criminal convictions, in part due to a mistaken assumption that leniency would encourage cooperation and because enforcement agencies don't have the funding or staff to pursue lengthy prosecutions, says distinguished Columbia Law Professor John C. Coffee. “We are moving from a system of justice for organizational crime that mixed carrots and sticks to one that is all carrots and no sticks,” he says. He offers a series of bold proposals for ensuring that corporate malfeasance can once again be punished. For example, he describes incentives that could be offered to both corporate executives to turn in their corporations and to corporations to turn in their executives, allowing prosecutors to play them off against each other. Whistleblowers should be offered cash bounties to come forward because, Coffee writes, “it is easier and cheaper to buy information than seek to discover it in adversarial proceedings.” All federal enforcement agencies should be able to hire outside counsel on a contingency fee basis, which would cost the public nothing and provide access to discovery and litigation expertise the agencies don't have. Through these and other equally controversial ideas, Coffee intends to rebalance the scales of justice.
"A former Environmental Protection Agency attorney delivers an impassioned plea to fight pollution and climate change. Timely and engaging; a heroic environmental story well told." - Kirkus Book Review, April 22, 2020 (50th Anniversary of Earth Day) "Written both as a historic record and 'how to' guide aimed at inspiring change makers, this unvarnished and timely depiction from 1980 to today has something to offer readers of any age or ilk. Emory pulls back the curtain to expose the inner workings of the federal government and the EPA. He dives into the data-historic indicators, scientific and economic data, and policy choices-as well as humorously illustrating his forays abroad and his courtroom adventures. He tells the story of rampant pollution and how the US has fallen so far behind in its response to climate change and transition to clean energy. Emory has faith in forthcoming environmentalists, and his solutions-oriented presentation of the facts makes complex, cross-sector challenges feel within our grasp." - Fiona Gordon, published in Maine Environment newsletter of the Natural Resources Council of Maine (Augusta, Maine, spring & summer 2020) "This hybrid that is a must-read memoir and climate change book is NOT another dry treatise or one-sided, unbalanced diatribe. Richard Emory has written a very thoroughly knowledgeable and realistic account of the truth about EPA and how to fight pollution. He weaves in wonderful personal climate change stories and anecdotes about successes and failures of environmental policies enacted in the U.S. and other countries and how national attitudes have affected climate change & EPA's mission. Young people will be inspired to learn how to protect our environment." - David Katz, retired Assistant United States Attorney * * * * * With the election of President Biden and a new Congress, America is rejoining the Western world that sees the need for the U.S. to revive its EPA, formulate a "Green New Deal," and restore U.S. global leadership within the Paris Climate Accord. Fighting Pollution and Climate Change is a must-read memoir by Richard W. Emory, Jr., our nation's former top legal advisor to all EPA federal special agents. Emory witnessed how the U.S Department of Justice failed to effectively prosecute crimes of pollution. He became a whistleblower when interviewed by Congress that was investigating reports of mishandled pollution cases. In the second half of his career, working within EPA's foreign assistance mission, to the waiting world he helped spread effective measures for pollution control and for the implementation of global environmental treaties. Fighting Pollution and Climate Change is a "page-turner" - you will laugh, you will cry, but you won't be bored. You will learn the truth about U.S. and international successes and failures in the fight against air, water, pesticides and toxic-waste pollution. You'll be encouraged by his insider perspective as he tells how to protect the climate using today's technologies and EPA's proven policies. Who will benefit from this important environmental book? • Aspiring environmental activists - both young and old - who want to learn how to fight pollution and take action on climate change • Lovers of memoirs and nature, who will be touched by one individual's adventures in the exciting work of pollution control that can and must be expanded to climate protection • Global leaders and movements prepared to face the next chapter of unifying our world under a much stronger agenda to heal the Earth and protect our planet
The Winning Ticket follows the true-crime investigation of how America’s largest lottery-rigging scam was uncovered and prosecuted, as well as its too-good-to-be-true cast of characters, including a crooked judge, an ethical fireworks dealer, and yes: Bigfoot hunters.
The problem of child sex abuse and its cover-up is real. A generation of American children are being destroyed. If you think this happens to someone else’s children and your children are safe, you are mistaken. Your children might be enduring sexual abuse right now while you remain dangerously ignorant. America’s appetite for child pornography puts all our children at risk. Your children and mine. Whether you acknowledge it or not. This book is a wake-up call about a subject too few people want to discuss. That is, while no one was watching, America has become a child pornography nation.
With its focus on substantive law, Corporate and White Collar Crime: Cases and Materials provides systematic and comprehensive consideration of major white-collar crime statutes in the federal criminal code, securities laws, and environmental statutes. New to the 7th Edition: Shift in corporate prosecution policy and individual accountability from Obama-era Deputy Attorney General Sally Yates to Trump-era Deputy Attorney General Rod Rosenstein Obstruction of Justice as set out in the Mueller Report on the Investigation into Russian Interference in the 2016 Presidential Election High profile Supreme Court decision in the Bridgegate case, Kelly v. United States, 590 U.S. ___ (2020) on the limits of Honest Services Fraud prosecution Additional commentary on the apparent corporate crime wave, use of deferred prosecution and non-prosecution agreements, and white collar crime victims Professors and students will benefit from: Up-to-date examples of high-profile white collar crime investigations and legal opinions including the Supreme Court decision involving the Governor of Virginia and the Bridgegate case, as well as the Mueller investigation report Energetic and clear written explanations of white collar criminal offenses and concise case excerpts Attention to the Responsible Corporate Officer doctrine and individual responsibility for corporate crime more generally Case selection that clearly illustrates the elements of proof for the main federal white collar criminal offenses Teaching materials include: Case summaries Answers to the questions posed in the casebook Available in pdf form only
The perspective of this book is to present "ethics" as a conversation about how we decide what is good or bad, right or wrong. It is a collection of conversations employed by educators to assist accounting students in developing their understanding of accounting's ethical aspects and to help them develop into critical thinkers who consider the ethical complexities of the function of accounting in human society. Because we are social beings, ethics is a central human concern, since it involves determining the ethicality of human actions and their effect on other individuals, as well as determining the collective societal acceptance or rejection of an action. Thus, the book’s primary goal is to call attention to the intersectionality of accounting and ethics and to encourage students and researchers to consider the ethical implications of accounting decisions. The book contains a diversity of perspectives within which discussions of accountants' and accounting's ethical responsibilities may occur. The contributing authors were deliberately chosen for their diverse perspectives on whence moral guidance for accounting may come. Each chapter stands on its own and represents the thinking of its authors. The book is not a primer on correct behavior for accountants but a place where educators may spur the conversation along.