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Chief Investigator in Lloyds, Credit Suisse Cases Says D.A. Remains Committed to Tackling Financial Crime
printNew York's new district attorney will continue to focus on uncovering financial crime in the wake of two high-profile penalties against European banks, according to Adam Kaufmann, the executive assistant district attorney who heads investigations in the office. The influential office, which helped net nearly $1 billion in fines last year against Lloyds TSB Bank and Credit Suisse, will keep "beating the bushes" to see which banks may be intentionally breaking laws, said Kaufmann. In January, Cyrus Vance, Jr. took over the district attorney slot from Robert Morgenthau, a 35-year veteran who earned a reputation as a tough prosecutor of...
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Among the toasts at Adam Kaufmann's "retirement" party last week was one by a speaker who credited him with turning a bounced check into more than a billion dollars in penalties that have been shared by the city and state of New York over the past four years.
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