Judge criticizes lack of prosecution against Wall Street executives for fraud

Nate Raymond, Reuters The federal judge who oversaw the recent civil fraud trial against Bank of America Corp criticized the U.S. Department of Justice on Tuesday for failing to prosecute high-level executives over the financial crisis. U.S. District Judge Jed Rakoff of Manhattan said while companies have been prosecuted for causing the 2007-2009 financial meltdown, Wall Street […]

DOJ Criminal Chief Lanny Breuer Stepping Down After Scathing PBS Documentary

By Danielle Douglas, Washington Post Lanny A. Breuer is leaving the Justice Department after leading the agency’s efforts to clamp down on public corruption and financial fraud at the nation’s largest banks, according to several people familiar with the matter. As one of the longest-serving heads of the criminal division, Breuer has had a tenure filled with controversy and […]

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