Thursday, January 17, 2008

Justice Department Extortion Racket?

"The Justice Department said it is considering issuing guidelines to govern the selection of monitors appointed to track companies that enter into deferred-prosecution agreements. ... Several Democratic lawmakers in New Jersey raised questions about the selection of monitors after the top federal prosecutor there selected several former Justice Department colleagues and the company of his former boss, former Attorney General John Ashcroft, to monitor five surgical-implant companies that had been investigated in a federal probe. ... [O]ne of the companies, Zimmer Holdings ... revealed in securities filings that hiring Mr. Ashcroft's company for monitoring would cost as much as $52 million over 18 months", WSJ, 11 January 2008.

Deferred-prosecution agreements look like another racket. Instead of the miscreant facing criminal charges, it pays off "former" Justice Department employees. How neat.


Tom Stone said...

Since the President has Boasted of committing thousands of felonies on National TV,it is not surprising to see.Disgusting,but not surprising.

Independent Accountant said...

Thinking about it, it seems like the entire US government has been auctioned off to the highest bidder. How many former employees of the State Department, including Secretaries of State like Kissinger and Baker lobby for Saudi Arabia (SA). Now one wouldn't suppose the promise, real or implied, while in government service, that SA will "take care of you" when you leave government service, might influence your actions while in government service? No, one should never think anything like that.