Justice Department Changes Tack On White-Collar Crime

Robert W. Ray was quoted in the Marketplace article, "Justice Department Changes Tack on White-Collar Crime." Full text can be found in the September 10, 2015, issue, but a synopsis is below.

The Justice Department sent a memo to federal prosecutors this week with new guidelines for white-collar crime, saying that in future investigations, corporations won't get credit for cooperating with prosecutors unless they name the individuals involved.

But there could be a problem in doing this, says Robert Ray, a former federal prosecutor, now a partner at Fox Rothschild.

"It's much more difficult, obviously, to find individuals guilty of crimes than it is to hold companies accountable by way of corporate fines and other things," says Ray.