Battle Lines Are Drawn Up as Recession Bolsters Corruption; Worldwide Worry: As a UK Probe Is Launched into US Fund Manager Bernard Madoff, Left, and Germany's Siemens Is Fined for Bribery, DPP Keir Starmer, Right, Is Forming Plans to Deal with a Rise in Economic Crimes in Britain

The Evening Standard (London, England), January 13, 2009 | Go to article overview

Battle Lines Are Drawn Up as Recession Bolsters Corruption; Worldwide Worry: As a UK Probe Is Launched into US Fund Manager Bernard Madoff, Left, and Germany's Siemens Is Fined for Bribery, DPP Keir Starmer, Right, Is Forming Plans to Deal with a Rise in Economic Crimes in Britain


Byline: JOSHUA ROZENBERG

MORE cases of corruption are likely as a result of the recession, according to the Director of Public Prosecutions. "It is likely that the economic downturn will have an effect on the pattern of crime," Keir Starmer QC predicted.

He disclosed that the Crown Prosecution Service was making arrangements to deal with a possible rise in economic crimes. "You would expect the CPS to take on board what is happening, to assess the effect on crime patterns and to make sure that we are equipped to deal with it," he added. "And that's what we're doing." Starmer was speaking after his counterpart at the Serious Fraud Office, Richard Alderman, had announced an investigation into the British operations of Bernard Madoff, the disgraced US investment adviser. No longer waiting for the police to conduct enquiries, Alderman is now inviting anyone who wants to report a fraud worth more than [pounds sterling]1 million to fill in an online form.

Meanwhile, City law firms are alerting their corporate clients to the risks of bribery and corruption.

Lovells, for example, has just launched a public website warning executives that corruption charges could lead to five years in a US prison, even if their company's links with the US are as tenuous as clearing funds through a New York bank. Corporates and individuals face greater exposure for malpractice than ever before, the firm adds, because of growing assertiveness by national authorities, vigorous enforcement regimes and stronger legislation including a planned Bribery Bill based on Law Commission recommendations.

German electronics group Siemens was recently ordered to pay about ?1 billion ([pounds sterling]890 million) in fines to the US and German authorities for bribing foreign government officials. In London last week, the Financial Services Authority announced that Aon, the leading risk and insurance firm, had been fined a record [pounds sterling]5.25 million because of failings in its foreign antibribery controls.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Battle Lines Are Drawn Up as Recession Bolsters Corruption; Worldwide Worry: As a UK Probe Is Launched into US Fund Manager Bernard Madoff, Left, and Germany's Siemens Is Fined for Bribery, DPP Keir Starmer, Right, Is Forming Plans to Deal with a Rise in Economic Crimes in Britain
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.