Corporate Crime by Individuals Targeted by U.S. Prosecutors
- Justice Department issues guidelines focusing on employees
- Change designed to bolster U.S. record on white-collar charges
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The U.S. Justice Department is seeking to increase prosecutions of individual employees for corporate crime and coax companies to turn over evidence on executives after criticism that the government failed to punish wrongdoers in the financial crisis.
Sally Quillian Yates, the department’s No. 2 official, ordered policy changes to push prosecutors to reinvigorate cases, according to a memo she issued Wednesday. Under the new approach, only companies that disclose information about individual wrongdoing may be eligible for lesser penalties for cooperating.