February 19, 2007
Cooperation Nets Probation
In yet another example of the wide disparity between those who went to trial and those who cooperated and plead guilty in Enron related cases, CNN Money reports that "two former energy traders" received sentences of two years probation and a fine.
Is it too risky for an accused to go to trial in white collar cases, especially fraud related cases that include a possible significant "fraud loss" if a conviction results? Are defendants being deprived of their constitutional right to a jury trial when there is an enormous disparity between going to trial and being convicted and pleading and cooperating?
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