BLACK AND SKILLING CASES WEAKEN US ‘HONEST SERVICES’ FRAUD STATUTE
July 1st, 2010
BY KEITH NUTHALL
THE HIGH profile criminal cases against ex-Enron CEO Jeffrey Skilling and Canada-born former newspaper owner Lord Conrad Black have led to the United States Supreme Court reducing the scope of America's 'honest services' statute, used to convict many fraudsters. It has ruled in both cases that the law should only apply where bribes and kickbacks have been paid and received. Appeals regarding both men's cases are now awaited (given bribes and kickbacks did not figure in their prosecutions). Meanwhile, anti-fraud specialists have been debating ...
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