Significant changes are coming to the ways federal prosecutors will handle white collar criminal cases, putting a greater emphasis on individual executives who commit fraud, a senior official at the Department of Justice said Thursday.
DOJ is changing the incentive structure for companies negotiating with the government over cases of corporate wrongdoing, according to the official. The government will give credit to companies that come forward with information and names of individual executives involved in criminal activity, the official said.
“Timeliness for information about key individuals will be a key metric for prosecutors who are judging the credit companies get for their for their cooperation,” the official said. “If the company comes forward, people may go to jail, and that is the intent here. But the company itself on behalf of its shareholders may avoid a guilty plea.”
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