Jacob Frenkel
Jacob Frenkel
Jacob Aharon Frenkelis an Israeli economist and the Chairman of JPMorgan Chase International. He served as Governor of the Bank of Israel between 1991 and 2000...
cooperation filing indictment takes
Sometimes it takes the filing of an indictment to induce a plea and cooperation.
along convicted conviction corporate executives high looking sentence sentenced states united
if (Black is) charged, if there's a trial, and if there is a conviction, we would be looking at a sentence along the high end of the corporate executives who already have been convicted and sentenced in the United States - into two decades.
developed disruptive football game injured lay level
If a quarterback is injured in a big football game, the game doesn't stop. But it is disruptive and a significant distraction on a professional level because Lay and Ramsey have developed a relationship.
reaction responses resulted
Congressional prodding historically has resulted in responses and reaction from the SEC.
case changes face plan trial
It changes the face of the trial for the prosecutors and the defense. They had to have some contingency plan for trial preparations for a case without Causey. Now they just put that plan in place.
court desperate hope life move outside permit spend sympathy
a desperate move made with the hope of eliciting some sympathy from the court to permit him to spend some part of the remainder of his life outside of jail.
assurance certain meets profile return verdict
there's never any assurance that a juror who meets a certain profile will return a verdict a certain way.
case hard question tried
While it's hard to compare-and-contrast (the two trials), there's no question that prosecutors tried a more streamlined case this time.
behalf counsel government since various
Various counsel have communicated with the government on his behalf since the allegations arose.
based best corporate extent final fraud government judged modest verdict
The government's prosecutions of corporate fraud will be judged based on the verdict in this case. If there is an acquittal, the government's corporate fraud prosecutions will be deemed at best a modest success. To the extent the government is being tested, this is the final exam.
asks department justice returning road stay time
The only time the Department of Justice asks for a stay is because it is going down the road of returning an indictment.
disprove element key locked means publicly
What it means is they have locked down a key cooperator who can, at a minimum, disprove what has been a publicly articulated key element of her defense, that being the stop-loss order,
accounting case civil complex defense equation financial focused fraud hoping likely means seem takes
What it really means is a shorter, more focused trial, which is better for the government. It probably takes out of the equation some of the more complex accounting issues. The defense was likely hoping to make this case seem like a complex civil financial fraud case, and without Causey, that will be more difficult.
absorb dire fact mainly reflects shocks
The fact that some dire predictions didn't materialize mainly reflects the robustness of the U.S. economy. 2005 has showed us that it is able to absorb more shocks than previously thought.