Deutsche Bank struck a non-prosecution agreement with federal prosecutors in Manhattan to resolve a federal tax shelter fraud investigation.
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The non-prosecution agreement applies only to Barclays and not to any employees or officers of Barclays or any other individuals.
Indeed, it is becoming not-so-rare for malefactors-turned-government-witnesses to find themselves handsomely rewarded , not only with non-prosecution agreements, but also with some material benefits.
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They are both repeatedly the subject of settlements, consent decrees, non-prosecution agreements, cease and desist orders and the rest of the regulator arsenal.
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The government also filed non-prosecution agreements with Fannie and Freddie themselves, in which the companies agreed not to contest the core allegations that they misstated the amount of subprime loans they held.
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According to the complaint, an unnamed assemblyman entered into a non-prosecution agreement with the U.S. attorney's office in which he agreed to resign his office after the arrests of the defendants charged in the complaint.
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The government may have already made its point loud and clear by striking the non-prosecution agreements with Fannie and Freddie, Frenkel said, which tell other companies there is a strong benefit to cooperating with the feds and turning over all internal evidence of wrongdoing.
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The indictment of the five men represents the first prosecution of non-Defense Department contractors under the Military Extraterritorial Jurisdiction Act.
The First Amendment claim was similarly an argument that his right to freedom of association was unconstitutionally infringed by virtue of the threat of criminal prosecution for mere non-criminal membership.
"This database will be fine-tuned by the government and local prosecution services to determine in which cases the non-localisation is related to crime, as well as cases of migration, re-location for family reasons, natural disasters or others, " she said.
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