Policy Memo For White Collar Crimes - 1573 Words

Kristofer Llauger CJBS 101 Assignment 1 Policy Memo Part I I. PROBLEM Write one (1) sentence that clearly states the problem. Big financial institutions are difficult to prosecute in white-collar crimes because of their influence. Write two (2) sentences that describe the problem in greater detail (what are the effects of the problem?) The Holder Doctrine, which comes from a memo created in 1999, has been the reason behind a lack of criminal prosecution against big companies that were part of the reason of the United States financial setback in 2008. Because of this much of the fraud that led to the financial crisis has gone unpunished. II.PROPOSED EXPLANATION OF THE PROBLEM Write one (1) sentence that explains a possible cause of the problem. Since 2007, researchers have found that a large percentage of cases regarding issue of white-collar crimes- especially those involving big financial institutions- have been resolved by the justice department making deals with these corporations and their executives. Write two (2) or three (3) sentences that provides justification for your explanation. Before 2003, the justice department did not offer these types of deals. Not prosecuting these companies and the individuals in charge leads to a lack of accountability among executives. Instead Eric Holder, who wrote the â€Å"Holder Doctrine† and was former United States attorney general, chose to find these institutions. III. PROPOSED SOLUTION: Write one (1) sentence thatShow MoreRelatedHow Yates Has Impacted Corporate Responses1021 Words   |  5 PagesHow Yates has Impacted Corporate Responses to Government Investigations. 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