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Wheel, Deal, and Steal: Deceptive Accounting, Deceitful CEOs, and Ineffective Reforms by D. Quinn Mills

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Chapter 18. Getting Congress to Get it for You

Congress can provide some restitution to investors for money stolen from them. But will it? There are two primary ways for Congress to provide money directly:

  • It can give investors the money it gets from civil and criminal defendants.

  • It can allocate funds to provide restitution to investors and tax, if desired, to refill the government’s coffers.

This chapter reviews both methods.

Taking Money from Perpetrators and Giving It to Victims

We’ve seen in Chapter 10 that under current law the government can seize the assets of an executive only when it has proven a violation of the law. This provides great comfort to guilty executives and reinforces the temptation to defraud investors. But in a few cases in ...

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