CFO Convicted

Buried on page B6, the former CFO of Dewey & LeBoeuf, a law firm of some renown, convicted of fraud for hiding the firm’s real financial condition from banks and insurance companies when getting loans.  The executive director was acquitted.

“Ex-Dewey CFO Convicted of Fraud,” The Wall Street Journal, May 9, 2017 B6.

Not sure how this fits with the Yates Memo, heralding the increased criminal prosecution of individuals for corporate crimes.  Don’t know if the firm itself was charged with anything.

Advertisements

Leave a comment

Filed under Compliance, Controls, Corporation, Culture, Duty, Employees, Governance

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s