Allianz, Glencore Guilty Pleas Show Tougher US Stance on Crime
- DOJ policy on non-prosecution agreements gets a harder look
- Avoiding a signal that companies ‘can pay your way out of it’
This article is for subscribers only.
Just promising to do better may no longer be enough to mollify a US Justice Department keen to go after corporate crime.
In the space of a single week, the department in May scored two guilty pleas from Glencore Plc and one from a unit of Allianz SE. That follows admissions of guilt in April from two executives at Archegos Capital Management, after it collapsed in what prosecutors said was a market manipulation scheme.