26 Total Quotes

Jacob Frenkel Quotes

The experience of the oil shocks in the 1970s is not a guide for the future.
Jacob Frenkel
#Experience

The government's prosecutions of corporate fraud will be judged based on the verdict in this case. If there is an acquittal, the government's corporate fraud prosecutions will be deemed at best a modest success. To the extent the government is being tested, this is the final exam.
Jacob Frenkel
#Fraud

The only time the Department of Justice asks for a stay is because it is going down the road of returning an indictment.
Jacob Frenkel
#Justice

Judges normally show greater sympathy for people of advanced years and deteriorating health,
Jacob Frenkel
#Health

The bottom line is, different jury, different city, different facts,
Jacob Frenkel
#Facts

In the last two years, the government has painstakingly climbed ladders, gotten different people along the way to plead guilty in order to go after someone at the higher rung. We're now at the top of the ladder.
Jacob Frenkel
#Government

if (Black is) charged, if there's a trial, and if there is a conviction, we would be looking at a sentence along the high end of the corporate executives who already have been convicted and sentenced in the United States - into two decades.
Jacob Frenkel
#Conviction

You're painting a picture of more compelling evidence,
Jacob Frenkel
#Painting

Now anyone who wants to know what trial court judges in New York state are doing when confronted with conviction in a high-profile corporate fraud case, the answer is imposing a significant sentence.
Jacob Frenkel
#Conviction

The strategy in all these prosecutions is to secure cooperation and slowly build cases against more senior participants.
Jacob Frenkel
#Cooperation

It takes a mature, confident and thoughtful judge to acknowledge and identify a real legal issue. That's not to say there may not be other significant issues; it's just she has identified one she believes is the most likely to be considered on appeal.
Jacob Frenkel
#Thoughtful

Someone of means, who for his entire life was able to appreciate the value of freedom, and enjoy his success, is now having his life in many respects controlled by mid-level penal officials.
Jacob Frenkel
#Freedom

It changes the face of the trial for the prosecutors and the defense.
Jacob Frenkel
#Defense

There may be information in there that would be helpful to Mr. Greenberg in support of his position that others were responsible. The report will likely have information they need to prepare their defense.
Jacob Frenkel
#Information

I've been rather skeptical based on how long it has taken and the nature of the charges that have been brought to date [against Enron officials] whether they would ever get to Ken Lay,
Jacob Frenkel
#Nature

The hammer over the co-operator's head is the importance of the prosecutor giving full credit for the co-operation at the time of sentencing.
Jacob Frenkel
#Giving

I've been rather skeptical based on how long it has taken and the nature of the charges that have been brought to date [against Enron officials] whether they would ever get to Ken Lay.
Jacob Frenkel
#Nature

It changes the face of the trial for the prosecutors and the defense. They had to have some contingency plan for trial preparations for a case without Causey. Now they just put that plan in place.
Jacob Frenkel
#Defense

What it really means is a shorter, more focused trial, which is better for the government. It probably takes out of the equation some of the more complex accounting issues. The defense was likely hoping to make this case seem like a complex civil financial fraud case, and without Causey, that will be more difficult.
Jacob Frenkel
#Government

Less rope is needed for two necks, as the government's noose tightens. The government always benefits from the addition of high-level insiders who would have been party to conversations with most senior executives.
Jacob Frenkel
#Government

Sometimes it takes the filing of an indictment to induce a plea and cooperation.
Jacob Frenkel
#Cooperation

The fact that some dire predictions didn't materialize mainly reflects the robustness of the U.S. economy. 2005 has showed us that it is able to absorb more shocks than previously thought.
Jacob Frenkel
#Economy

Various counsel have communicated with the government on his behalf since the allegations arose.
Jacob Frenkel
#Government

Mr. Wright has conveyed previously to the government his intent to be responsive to the government's investigation. He has not indicated to the government either personally or through counsel any change in those plans.
Jacob Frenkel
#Government

We have the government being very aggressive on the concept of criminal intent in jury charges. And now we have the number two example of it being overturned.
Jacob Frenkel
#Government

If a quarterback is injured in a big football game, the game doesn't stop. But it is disruptive and a significant distraction on a professional level because Lay and Ramsey have developed a relationship.
Jacob Frenkel
#Football