Michael Milken Crimes Headlines

Galleon prosecutor aims to cement legacy in U.S. Gupta trial

NEW YORK (Reuters) - It was during a quiet afternoon in the sixth week of the insider-trading trial of hedge fund billionaire Raj Rajaratnam that prosecutor Reed Brodsky sprang one of those rare surprises usually seen only in the movie version of a courtroom drama. Brodsky, a U.S. federal prosecutor since 2004, seemed to catch defense lawyers and witness Richard Schutte off guard with a ...

No one went to jail, so why is Wall Street so mad?

In Newsweek, Peter Boyer and Peter Schweizer explore the question of President Obama's Justice Department's failure to press any major criminal charges against Wall Street. We learn, distressingly, that "finance-fraud prosecutions by the Department of Justice are at 20-year lows." Ex-Countrywide whistle-blower Eileen Foster, to name one prominent critic of the Justice Department's inaction, is ...