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...
balance cases executives facing lives policy prison sends senior strong terms
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.
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The strategy in all these prosecutions is to secure cooperation and slowly build cases against more senior participants.
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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.
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While it's hard to compare-and-contrast (the two trials), there's no question that prosecutors tried a more streamlined case this time.
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It's more likely that you can lose a case in jury selection than win the case.
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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.
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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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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Prosecutors are also about to go up against an unprecedented level of firepower.
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Sometimes doing that takes a little bit longer than many would like or expect.
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Sometimes it takes the filing of an indictment to induce a plea and cooperation.