Overview
CNBC quoted Reid Weingarten in an article titled "Will the Biden Administration Revive the CEO Perp Walk? Defense Lawyers are Telling Clients to be on Guard." The article, published February 5, discusses the potential for stepped up enforcement in the Biden administration.
Weingarten, a former federal prosecutor whose clients have included former WorldCom CEO Bernard Ebbers and former Enron Chief Accounting Officer Rick Causey, says, "Generally speaking, there is a feeling that when Democrats are in power, there’s more activity in the white collar world."
Weingarten tells CNBC's "American Greed" there may be some justification for a crackdown given the massive amount of government aid approved in the past year to deal with the COVID-19 pandemic. "Certainly there's a belief in terms of the money that's already out there for pandemic relief that there's been a tremendous amount of fraud, and this would have happened under any administration," he says. "No doubt the feds will aggressively go after this."
The full article can be read at CNBC.
