Bush will make the case that efforts to expose and prosecute corporate corruption are critical to restoring confidence and, as part of that focus, will propose new criminal penalties including possible jail time for CEOs convicted of deliberately making misleading financialstatements.
Barry Minkow was a Ponzi prodigy that took ZZZ Best carpet cleaning public by manipulating (making up) financialstatements that wowed lawyers and investment bankers along the way.
Tuesday, the U.S. Justice Department indicted the longest-serving Republican in Senate history, on seven counts of making false statements on mandatory financial disclosure forms.