Can the feds do an Al Capone on News Corp?
Posted on July 28, 2011
Reuters Blog
“But even if the underlying circumstances of dubious payments in these cases may differ from what is believed to have happened at News of the World, that’s sort of the point of doing an Al Capone. The SEC or Justice Department wouldn’t have to prove all the messy quid-pro-quos about who knew or expected what when the cash changed hands. All they need to do is to prove that the company misrepresented the payments.”“…U.S. government extracted fines and penalties for books-and-records violations without having to win on the alleged bribes themselves…”