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October 3, 2008

Financial Windfall: Assist someone with a crime?

This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
Martin Alpert, Claim DirectorMartin Alpert
Claim Director, CAMBRIDGE INTEGRATED SERVICES GROUP INC
Implications: This case on the right of inheritance could spill over to the financial sector.Could this Wisconsin decision affect the backbone of our over all judicial system & the theme of accountability?

Analysis: Some may interpret this Wisconsin decision as an anomaly, but Katie bar the door if it spills over. If you can recovery financially for committing a crime then all those involved in our economy issues may do some time but be very well compensated.  What could this do to the fabric of our legal system & corporate governance on accountability.  Many thought that fruit from the poisonous tree, realizing this is a criminal postulation, was the core of helping prevent injustice.  This case may just seem to be a blip on the radar screen or likely something that may be overturned, but many will use this as a stepping stone to suggest some should be allowed to keep financial windfalls from certainly less than meritorious ventures. If for a moment considering the mortgage crisis, would it be more or less likely that people would commit fraud if they knew they could keep all proceeds.  In drug cases they could now keep all the profits, in murders when they write books or help promote movies they could keep the profits, & on & on we go.  We are starting a whole new wave of capitalism. People would surely be less inclined to think twice before getting involved with questionable situations, especially when there is a big payoff.  Yes, this may not affect those so intertwined in morality, but when the rose colored glasses come off it will affect many.  Even though we still have laws to protect some of this, maybe we should follow the UK mentality.  http://en.wikipedia.org/wiki/Proceeds_of_Crime_Act_2002




Other Analyses of the Same Source Article:
Horrendous Precedent
October 15, 2008, Author: GLG Expert Contributor

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