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...
behalf counsel government since various
Various counsel have communicated with the government on his behalf since the allegations arose.
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.
case ceo convicted false government jury lying somebody
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.
addition benefits government less needed noose party rope senior
Less rope is needed for two necks, as the government's noose tightens. The government always benefits from the addition of high-level insiders who would have been party to conversations with most senior executives.
change conveyed counsel either government intent personally responsive
Mr. Wright has conveyed previously to the government his intent to be responsive to the government's investigation. He has not indicated to the government either personally or through counsel any change in those plans.
along climbed gotten government guilty higher last order people plead top
In the last two years, the government has painstakingly climbed ladders, gotten different people along the way to plead guilty in order to go after someone at the higher rung. We're now at the top of the ladder.
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We have the government being very aggressive on the concept of criminal intent in jury charges. And now we have the number two example of it being overturned.
intended
Not that (the justices) intended it that way. But it has that effect.
against constitute facts guarantees material
Not disclosing material facts about the transaction, such as guarantees against loss, could constitute a crime.
affected concern court directly either family greatest honestly jurors jury members people point potential rather round speaking sure talk unlikely wrong
It's rather unlikely that potential jurors either didn't have family members or didn't know people that were directly affected by Enron. My greatest concern isn't the jurors who are speaking to the court honestly but those that want to get on the jury either to make a point to right the wrong of Enron...or to make sure that they can make the round of talk shows.
assets cloud risk time transfer
Any time there is a transfer of assets and there is a cloud over the assets, any transfer is at risk of being undone.
believes confident considered identified identify judge legal likely takes thoughtful
It takes a mature, confident and thoughtful judge to acknowledge and identify a real legal issue. That's not to say there may not be other significant issues; it's just she has identified one she believes is the most likely to be considered on appeal.
certainly corporate existed late mindset personal till
There certainly existed a mindset in the late '90s by some that the corporate till was a personal entitlement.
assurance certain meets profile return verdict
there's never any assurance that a juror who meets a certain profile will return a verdict a certain way.