A week after New York financier Bernard Madoff pleaded guilty to the theft of billions of dollars from his investment clients, a former member of the Department of Justice told an audience of Atlanta lawyers that they can expect enforcement of federal financial laws to accelerate.
In a “post-Madoff world” under a new Democratic administration, “There is a greater public appetite for enforcement and prosecution,” said Kenneth L. Wainstein, who worked for the George W. Bush administration and is now a partner in the corporate investigations practice of O’Melveny & Myers in Washington.
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