Post by Administrator on Jul 9, 2002 9:50:05 GMT -5
President Bush, on the defensive about current-day corporate scandals and his own record as a businessman a decade ago, pledged Tuesday to "expose and punish acts of corruption."
In a speech on Wall Street, the president was calling on the U.S. Sentencing Commission to impose longer prison terms for corporate executives guilty of fraud and announcing a new task force for the pursuit and prosecution of corporate criminal activity.
According to a White House summary released in advance of the midmorning speech, Bush also wants to double the maximum prison term for mail fraud and wire fraud to 10 years, and strengthen laws criminalizing document shredding and other forms of obstruction of justice.
In a speech on Wall Street, the president was calling on the U.S. Sentencing Commission to impose longer prison terms for corporate executives guilty of fraud and announcing a new task force for the pursuit and prosecution of corporate criminal activity.
According to a White House summary released in advance of the midmorning speech, Bush also wants to double the maximum prison term for mail fraud and wire fraud to 10 years, and strengthen laws criminalizing document shredding and other forms of obstruction of justice.