CrimProf Blog

Editor: Kevin Cole
Univ. of San Diego School of Law

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Monday, September 1, 2014

"The criminalisation of American business"

Doug Berman at Sentencing Law & Policy links to and excerpts this article from The Economist. From the excerpt:

Who runs the world’s most lucrative shakedown operation? The Sicilian mafia? The People’s Liberation Army in China? The kleptocracy in the Kremlin? If you are a big business, all these are less grasping than America’s regulatory system. The formula is simple: find a large company that may (or may not) have done something wrong; threaten its managers with commercial ruin, preferably with criminal charges; force them to use their shareholders’ money to pay an enormous fine to drop the charges in a secret settlement (so nobody can check the details). Then repeat with another large company.

http://lawprofessors.typepad.com/crimprof_blog/2014/09/the-criminalisation-of-american-business.html

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