Lots More Information
Author's Note: How can the U.S. government sue a business?
Human nature is sad, sad thing. It has been proven time and time again that if left to our own devices, we will lie, cheat, steal, and -- yes -- kill our way to wealth, success and fame, if we think we won't get caught. That's why functioning societies have laws, both criminal and civil, to not only discourage us from robbing and killing, but encourage us to treat each other honestly and fairly. There is a heated political argument over the economic costs of government regulation. Does regulation squelch risk-taking and innovation? Does compliance with regulations sap profits from companies that could be hiring more workers? Or do rules and regulations keep human nature in check, and prevent us from inflicting damage on each other -- economic and otherwise -- that doesn't appear on an earnings report?
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- Catan, Thomas; and Ante, Spencer E. The Wall Street Journal. "U.S. Sues to Stop AT&T Deal." September 1, 2011 http://online.wsj.com/article/SB10001424053111904716604576542373831069388.html
- Federal Trade Commission. "About the Bureau of Consumer Protection" [accessed November 1, 2011 http://www.ftc.gov/bcp/about.shtm
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- Mills, Elinor. CNET. "FTC sues Wyndham hotels over data breaches." June 26, 2012 http://news.cnet.com/8301-1009_3-57460551-83/ftc-sues-wyndham-hotels-over-data-breaches/
- Newkirk, Thomas C. U.S. Securities and Exchange Commission. "Insider Trading: A U.S. Perspective." September 19, 1998 http://www.sec.gov/news/speech/speecharchive/1998/spch221.htm
- Stempel, Jonathan. Reuters. "U.S. sues Bank of America over 'Hustle' mortgage fraud." October 24, 2012 http://www.reuters.com/article/2012/10/24/us-bankofamerica-fraud-lawsuit-idUSBRE89N17120121024/
- Taxpayers Against Fraud Education Fund. "Top Fraud Cases" [accessed November 1, 2012] http://www.taf.org/fraud-cases
- Taxpayers Against Fraud Education Fund. "Frequently Asked Questions" [accessed November 1, 2012] http://www.taf.org/resource/fca/faq
- Thomas, Katie; and Schmidt, Michael S. The New York Times. "Glaxo Agrees to Pay $3 Billion in Fraud Settlement." July 2, 2012 http://www.nytimes.com/2012/07/03/business/glaxosmithkline-agrees-to-pay-3-billion-in-fraud-settlement.html?pagewanted=all
- Thompson, Larry D. Department of Justice. "Principles of Federal Prosecution of Business Organizations." January 20, 2003 http://www.justice.gov/dag/cftf/corporate_guidelines.htm
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- U.S. Department of Justice. "The False Claims Act: A Primer" [accessed November 1, 2012] http://www.justice.gov/civil/docs_forms/C-FRAUDS_FCA_Primer.pdf