March 02, 2013
Nortel acquittal shows challenges of prosecuting corporate fraud
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But what the
case really did showcase is the difficulty prosecutors have in proving corporate fraud cases. Nortel’s former executives had talented and expensive legal representation that very few can afford. To attempt to prove a fraud case against well-represented defendants like this, is very expensive, difficult, and time consuming. As such, this verdict has the potential to make government think twice about prosecuting executives on charges of fraud, or "white collar crime."
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