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.

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

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