Thursday, December 4, 2008

Popular White Collar Criminals?

Bloomberg News is discussing the possibility of pardons for notable applicants. A pardon for Benard Ebbers? Carl Tobias, a law professor with expertise in torts and product liability, says, "If what Bush has done so far is any indication, I think it’s extremely unlikely.” Michael Milken, the former junk-bond trader who served two years in prison in the early 1990s for violating securities laws, is also seeking a pardon. The article notes:
Of the business people on the list, Milken might have the best chance at a pardon, Ruckman said in an interview. “He’s been out for a while, and has a long list of good deeds to show on his application,” Ruckman said, adding that New York Yankees owner George Steinbrenner made a similar showing in his successful bid for a pardon on an obstruction of justice conviction, which President Ronald Reagan granted in 1989.

Ruckman said the economic slowdown doesn’t necessarily hurt Milken’s chances. “I don’t think there’s ever been a good time for a pardon” in a white-collar crime case, he said.
See story here.

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