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 felt likely strong
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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It's more likely that you can lose a case in jury selection than win the case.
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.
accounting case civil complex defense equation financial focused fraud hoping likely means seem takes
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.
helpful information likely others position prepare report support
There may be information in there that would be helpful to Mr. Greenberg in support of his position that others were responsible. The report will likely have information they need to prepare their defense.
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.
biggest cases challenge slam win
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.
against level
Prosecutors are also about to go up against an unprecedented level of firepower.
bit longer takes
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.
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there's never any assurance that a juror who meets a certain profile will return a verdict a certain way.
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Judges normally show greater sympathy for people of advanced years and deteriorating health,
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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.