Manhattan's District Attorney Cyrus Vance Jr. has just announced the formation of a new office within the DA's for fighting "complex economic crime" on Wall Street.
Translation, they will harass the politically unconnected and weak who dare to try and pull off the scams that are business as usual for Goldman Sachs and JPMorgan.
The Major Economic Crimes Bureau will be headed by former DOJ man Richard Weber.
Vance took office in January, replacing Robert Morgenthau. His father served as the United States Secretary of State under President Jimmy Carter from 1977 to 1980. Vance Sr. actually believed in negotiation over war. In April 1980, he resigned in protest of Operation Eagle Claw, the failed secret mission to rescue American hostages in Iran.
No comments:
Post a Comment