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The Judge who Rules on Business
Oleh:
Kaplan, David
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 167 no. 02 (Feb. 2013)
,
page 52-57.
Topik:
White Collar Crime
;
U.S. District Judge
;
Interview
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Judge Jed Rakoff bashed the SEC on Bank of America and sentenced Rajat Gupta to prison. Now he weighs in on corporate crime and punishment. Long before he sentenced Rajat Gupta to prison, U.S. District Judge Jed Rakoff had a celebrated and controversial career on the bench. His judicial opinions were thoughtful, direct, and witty. (And, on occasion, reversed by higher courts.) In 2009 he rebuked the SEC for what he found to be insufficient punishment of Bank of America for nondisclosure violations. In 2002 he -- unsuccessfully -- declared the federal death penalty unconstitutional. The past year was particularly remarkable for Rakoff. In May 2012 he presided over the $163 million settlement between the owners of the New York Mets and the trustee for the victims of Bernard Madoff's Ponzi scheme. And then, in late October, Rakoff sentenced a once highly respected business executive -- Gupta, a Goldman Sachs (GS) director who used to run McKinsey & Co. -- to two years in prison, plus fined him $5 million, for insider trading. Federal sentencing guidelines, which are not mandatory, called for roughly four times that; the government had recommended even more jail time.
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