Monday, May 22, 2006
If it seems like a more than usual number of corruption cases lately, there may be some truth to this. It seems that a recent FBI focus has been on corruption. According to the NYTimes here there are more than 2000 corruption investigations ongoing. The FBI states that corruption is the number two priority, second only to terrorism. (see here) The indictments have included "front-pagers" like Abramoff and Cunningham. But there are many less known individuals who have been caught in the recent targeting of corruption activities. For example, a recent press release here tells of "R. Alexander Acosta, United States Attorney for the Southern District of Florida and Jonathan I. Solomon, Special Agent in Charge, Federal Bureau of Investigation," announcing that an individual was being charged "with fraud and corruption relating to his official duties as a City of West Palm Beach Commissioner." Oftentimes mail fraud or wire fraud are the charges used in these corruption cases.
Bill Olis, father of Jamie Olis, reminds us that it has been two years since Jamie Olis entered federal prison. Olis, former "Senior Director of Tax Planning and International (and later, Vice President of Finance) at Dynegy," has been in the Houston federal detention center awaiting re-sentencing following a 5th Circuit appellate decision remanding the case for re-sentencing. (see here) Olis initially received a sentence of 24 + years. The appellate court in the Olis case stated that "[b]ecause the district court's approach to the loss calculation did not take into account the impact of extrinsic factors on Dynegy's stock price decline, Olis is entitled to re-sentencing on this factor, subject to the principles" discussed within the opinion. Although co-defendants were re-sentenced months ago, there has been no word on the sentence of Olis.