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As Financial Reform Goes Down to the Wire, Will There Be Change?

By Implode-Explode Heavy Industries

``A Congressional provision has insured that convicted white collar criminals cannot be sued by the people they ripped off. Joseph Collins, a corporate lawyer who worked for Refko will not have to pay back investors he helped defraud. Appeals Court Judge Gerald Lynch wrote, "It is perhaps dismaying that participants in a fraudulent scheme who may even have committed criminal acts are not answerable in damages to the victims of the fraud."''

Full post as published by Mortgage Lender Implode-o-Meter on June 25, 2010 (boomark / email).