Why can’t US Govt collect money from AIG exectives by clawback provision of Sarbanes-Oxley Act? | Compliance Sarbanes Oxley

Why can’t US Govt collect money from AIG exectives by clawback provision of Sarbanes-Oxley Act?

Crawback provision of Sarbanes-Oxley Act allowed SEC to collect $600 millions from ex-CEO of United Health. Why can’t taxpayer (US govt) collect billions from ex-CEO/CFO of AIG, Fannie Mae, Freddie Mac? It’s obvious that their golden porachute was beyond extreme.

I think they should charge them under the RICO act of 1970.

Posted in sarbanes oxley | 1 Comment »

One Response

  1. What? Says:
    April 1st, 2010 at 3:01 am

    I think they should charge them under the RICO act of 1970.
    References :

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.