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Is the Southern District of New York Wall Street's Patsy?

For decades Bernard Madoff ripped off investors.  He cost many retirees everything.  Although the United States Department of Justice received conclusive proof that Madoff was cheating investors, they did nothing.  They fiddled while old people had their savings burned.  It wasn't until Bernie Madoff made a full confession to the FBI that DOJ moved forward.Let's flip the script: What happens when Wall Street calls the police on the little guys?  We haven't forgotten about Sergey Aleynikov, the former Goldman Sachs computer programmer who was arrested 48 hours after Goldman Sachs called the Department of Justice.  Aleynikov's pound of flesh is not enough for S.D.N.Y. DOJ.  They want Aleynikov to have a cell mate:A former trader with Societe Generale was arrested and charged with stealing the code from the bank's high-frequency trading program, federal prosecutors said...continue to full post

Full post as published by Crime & Federalism on April 21, 2010 (boomark / email).