Two very different views on how and when to prosecute financial fraudsters and corporate criminals: Former U.S. Attorney Preet Bharara says plausible deniability makes it all but impossible to go after high-level executives like those who caused the 2008 housing collapse and ensuing crises. Others, like journalist Jesse Eisinger and Bharara’s own SDNY predecessor (one James Comey), say effective deterrence means taking on tough cases even when there’s a risk of losing.
Read MoreIt was pretty bad when Chicago judge Jessica Arong O'Brien was found guilty on federal charges of mortgage fraud. It was worse when she refused to give up her seat on the Cook County bench for more than six months after the conviction, continuing to draw a paycheck even after losing her law license.
Read MoreAn update on Kentucky lawyer Eric Conn, who pled guilty to one of the biggest cons in the history of Social Security only to flee the country.
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