Jacob Frenkel
Jacob Frenkel
Jacob Aharon Frenkelis an Israeli economist and the Chairman of JPMorgan Chase International. He served as Governor of the Bank of Israel between 1991 and 2000...
case hard question tried
While it's hard to compare-and-contrast (the two trials), there's no question that prosecutors tried a more streamlined case this time.
case changes face plan trial
It changes the face of the trial for the prosecutors and the defense. They had to have some contingency plan for trial preparations for a case without Causey. Now they just put that plan in place.
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What it really means is a shorter, more focused trial, which is better for the government. It probably takes out of the equation some of the more complex accounting issues. The defense was likely hoping to make this case seem like a complex civil financial fraud case, and without Causey, that will be more difficult.
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These cases have significant policy implications. To see two senior executives facing prison terms representing the balance of their lives sends a very strong message.
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These cases are not a slam dunk. The biggest challenge for the government, if it wins, is to make the win stick.
against build cases cooperation secure senior slowly strategy
The strategy in all these prosecutions is to secure cooperation and slowly build cases against more senior participants.
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It's more likely that you can lose a case in jury selection than win the case.
case plan trial
They had to have some contingency plan for trial preparations for a case without Causey. Now they just put that plan in place.
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This is not somebody who made some inadvertent false statement, ... This is a case where a jury convicted a CEO for lying to two different government agencies. That's a big deal.
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This case is a non-starter that has political appeal,
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I've always felt that he had a very strong case on appeal, ... if there's any case that's likely to be reversed, this is it.
based best corporate extent final fraud government judged modest verdict
The government's prosecutions of corporate fraud will be judged based on the verdict in this case. If there is an acquittal, the government's corporate fraud prosecutions will be deemed at best a modest success. To the extent the government is being tested, this is the final exam.
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There certainly existed a mindset in the late '90s by some that the corporate till was a personal entitlement.
behalf counsel government since various
Various counsel have communicated with the government on his behalf since the allegations arose.