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Either way, the financial sector will have guilty knowledge about Shariah-Compliant Finance and be vulnerable to problems that will make sub-prime look like a day at the beach.
CENTERFORSECURITYPOLICY: Guilty knowledge
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The lawsuit accused Boeing executives of hiding structural problems with the 787 Dreamliner that would delay its launch last year, saying Boeing Chief James McNerney and others acted with scienter, or guilty knowledge.
FORBES: Robbins Geller Faces Sanctions Over Confidential Witness Who Wasn't
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In the Citigroup lawsuit, for example, lawyers needed to show that bank executives acted with scienter, or guilty knowledge, when they loaded the bank up with soon-to-be-worthless derivatives that were a byproduct of their mortgage-backed securities business.
FORBES: Class-Action Firms Capitalize On Wretched Market For Law-School Grads
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Call it guilty knowledge.
CENTERFORSECURITYPOLICY: Guilty knowledge
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But the two who pleaded guilty appear to be key players in terms of knowledge and information and could prove valuable witnesses, Raybin said.
NPR: More Charges May Come In Case Involving Haslams
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Moreover, it says Chu and his clients worked hard to keep his communications secret, a so-called badge of knowledge that prosecutors can use to try and prove guilty intent.
FORBES: Insider-Trading Indictment Says Broadcom, Other Employees Were Tech "Consultants"
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Reardon, along with St Helens' Leon Pryce will go before the judge on 23 April for sentencing after pleading guilty to assault charges and Hull FC have handed him a contract until the end of the season in full knowledge of the facts.
BBC: Reardon frank with Hull FC - Agar