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Tag Archives: Jed Rakoff

Yes, Proof Is Required

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Justice Department lawyers, listen up: Fraud is only fraud if the perpetrator intends to commit fraud.
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Some countries have prosecuting judges. By rejecting a jurist’s overreach, a federal appeals court reminded us that we don’t.
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By rejecting the SEC’s settlement with Citigroup, a federal judge has appointed himself to enforce federal securities laws. He overreached.
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