Sunday, April 15, 2007
It is unusual for an accused to speak to the press, and oftentimes the comments made can come back to haunt the person at trial. But this isn't stopping David Stockman from letting the press know his opinion of the prosecutors and prosecution that he is facing. Initially we saw his statement in the Wall Street Journal. The N.Y.Times also reports on Stockman's thoughts on his Indictment.
Stockman, a former Director of Management & Budget under President Ronald Reagan is charged with a 65 page 8 count indictment that includes conpiracy, fraud, and obstruction related charges. (see here). This will definitely be a case worth watching in that it is clear that the accused is well versed on the company numbers and is ready, willing, and able to take on the government on the explicit facts to be presented in the case. In so many recent prosecutions we have seen the government giving "deals" to the CFO to testify against the CEO. But here, the CEO may be different in that he may have more knowledge of the numbers than anyone in the courtroom.
Landon Thomas, Jr. of the N.Y.Times does a superb job in this article of noting the psychological toll that indictments/investigations can play on individuals.