U.S. wants cash, not confession

By: Ann Woolner March 28, 2011

So routinely do people and firms resolve SEC cases “without admitting or denying” wrongdoing, as the agency’s boilerplate phrase goes, that even the guiltiest of fraudsters who confess in criminal court to the most audacious of crimes never come clean with the SEC, which has its own, civil cases to resolve.

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U.S. wants cash, not confession

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