Criminal Investigation
On January 27, 2009, New York Attorney General Andrew Cuomo issued a subpoena to Thain in a probe into the bonuses he paid and received just days before the Bank of America takeover. Charges of criminal fraud against those involved in the payouts could be brought under the 1921 Martin Act.
Read more about this topic: John Thain
Famous quotes containing the word criminal:
“A criminal trial is like a Russian novel: it starts with exasperating slowness as the characters are introduced to a jury, then there are complications in the form of minor witnesses, the protagonist finally appears and contradictions arise to produce drama, and finally as both jury and spectators grow weary and confused the pace quickens, reaching its climax in passionate final argument.”
—Clifford Irving (b. 1930)