One of the Justice Department’s top corporate fraud prosecutors had tough words for attendees at Compliance Week 2007 last week: If you think the cost of having an effective compliance program is expensive, try seeing how much the company will pay for having an ineffective one.
“If you don’t have a good compliance program and we find out, we will give you a compliance program. I guarantee it will be something not to your liking,” said John Roth, chief of the fraud and public corruption section of the U.S. Attorney’s office for the District of Columbia. He jokingly described himself as ...