Bush Officials Laud Post-Enron Crackdown

[Yo_Mama_Been_Loggin]

My only question is why are Kenneth Lay and Bernie Ebbers stil free and unindicted?

By SCOTT LINDLAW, Associated Press Writer

WASHINGTON - The Bush administration says it has helped net more than 250 white-collar crime convictions, deterred fraud in boardrooms and restored investor confidence in the year since President Bush (news - web sites) established a panel to combat corporate corruption.


"I hope we've seen the worst of it," Securities and Exchange Commission (news - web sites) Chairman William Donaldson said Tuesday after meeting with Bush for a progress report. "From here on out, the country and the nation, the business community is well informed of the risks" of committing corporate fraud, he said.


Bush's Corporate Fraud Task Force, with members from an array of federal departments, has taken part in almost all corporate fraud cases brought by federal prosecutors over the last year, according to the White House.


Prosecutors have obtained more than 250 corporate fraud convictions, including at least 25 former CEOs; charged 354 people with corporate crime; and obtained fines, forfeiture and restitution worth more than $85 million, the administration said.

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