The NYT failed to add, "and creates an expected rich payday for the prosecutor when he leaves the DOJ as the system will continue and he'll get his payoff from future deferred prosecutions by future AUSAs". Neat. See my 17 and 31 January, 28 February and 12 March 2008 posts.
This is a joke. One Weiss "crime" was doing the SEC's job for it. This is the thanks he gets. Among other things Weiss was charged with racketeering. Frenkel, how do you analogize Weiss actions to those of a say, Ken Lay or Andrew Fastow? Who is the victim? Another Weiss "crime": Milberg Weiss did not have any $2 million-a-year partnerships to hand out to former AUSAs.