Investors and taxpayers angry about the government bailout of seemingly mismanaged financial firms can probably count on a wave of criminal indictments in the coming months, say white- collar crime experts.
Prosecutors will comb through email records, looking for inconsistencies between private and public statements, to show that people acted willfully.
The government recently issued subpoenas to a dozen executives at Lehman Brothers, which included CEO Richard Fuld, two CFOS and a COO.
Since September, multiple federal investigations at Lehman and at least 25 other firms are focusing primarily on asset values.
Source: CNBC
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