The fight against corporate fraud
In 2002, our president initiated the President's Corporate Fraud task force to investigate and prosecute white collar crimes like money laundering, accounting fraud and insider trading.
In the 2002-07 period, the task force secured the convictions of 214 CEOs and presidents, 53 CEOs, 23 corporate counsels or attorneys, and 129 vice presidents. Over 1,200 of the most powerful people in Americas have been imprisoned as criminals.
What is going on in the marketplace today indicates the task force has much work to do in protecting the public.
O.C. "Bud" Grey
Arlington Heights