Was Goldman Sachs complicit in the alleged criminal wrongdoing of ex-executives or merely a bit sloppy in establishing sufficient internal controls to routinely keep high-ranking employees lawfully in check?
We note on our website at the established Hilder & Associates criminal defense firm in Houston what is almost a truism these days regarding financial crimes.
A noted behavioral specialist and criminal justice expert asks two pointed questions in a recently penned Psychology Today article.
The Dodd-Frank Wall Street Reform and Consumer Act, also known as the Dodd-Frank Act, is an act that was created in 2010 by the Obama Administration. This act was a response to the financial crisis of 2008. It was named after two U.S. senators who worked on the legislation to create over 2,300 pages of reforms that would take place over a number of years. The act addresses the risks of the U.S. financial system and aims to reduce or eliminate them completely.
“Complex and intricate.”
If you’re of a certain vintage, you flatly know that things are different these days concerning interactions at your bank and the transactions you conduct there than they were years ago.
Trump administration spokespersons say that labeling federal regulators as being progressively softer and unattuned to financial wrongdoing committed against American consumers is an unfair criticism. As a recent Wall Street Journal article notes, they counter that they are pursuing a strategy that emphasizes “punishment of bad actors even as it pursues deregulatory policies welcomed by the financial industry.”
Imagine you've been working for an accounting firm for many years. You and your coworker manage several large accounts for multi-million dollar business clients. Suddenly, your boss calls you to his or her office and asks you to account for $50,000, which he says is missing from one of the accounts you manage.
The Foreign Corrupt Practices Act of 1977 makes it unlawful for businesses and individuals to make payments to foreign government officials in an attempt to seek or retain business. For instance, it would be illegal to pay and bribe the president of a country to obtain his or her support of your technology company over other potential competing companies.
For most people the 2018 tax season has come and gone, and they are enjoying their federal income tax refund. For others, it is time to explore options to minimize the adverse effect of failing to file timely returns.