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...Justice Department admitted last week that two people were primarily responsible for the scheme "in a criminal sense." The department defended this act of amnesty by arguing that it wanted a fast settlement so that the banks could get their money back quickly. Said Assistant Attorney General Stephen Trott: "The notion that the Justice Department is being soft is ridiculous. E.F. Hutton will repay every red cent plus interest." But critics in Congress fumed. Democratic Senator Joseph Biden of Delaware said, "Respect for the law suffers immensely when the public reads that you have (the Hutton) scheme going...

Author: /time Magazine | Title: Crime in the Suites | 6/10/1985 | See Source »

...cases pursued by federal authorities involved white- collar offenses, but that figure rose to 24% in 1984. The Justice Department brought 20 cases last year against insider traders, in contrast to only five in 1982. Budget constraints, however, have hampered the fight against corporate crime. Says Assistant Attorney General Trott: "We could put three times the number of agents and prosecutors we now have to work tomorrow on significant cases...

Author: /time Magazine | Title: Crime in the Suites | 6/10/1985 | See Source »

HARTFORD (49)--Davies, 4-3-11; Colette 0-0-0; Rice 1-0-2; Potter 0-0-0; Ringland 4-1-9; Whittler 3-2-8; Tremblay 3-1-7; Kaufman 1-0-2; Aquadro 0-0-0; Trott 1-1-3; Jackson 2-1-5; Sivilla 1-0-2; Kracmer 0-0-0; Totals...

Author: By Jonathan Putnam, | Title: Women Cagers Roll On, Crush Hartford by 35 | 12/3/1984 | See Source »

...Claiborne case proved, convictions can rarely be won on the basis of such testimony. "Corroboration is the key," says Stephen Trott, chief of the Justice Department's criminal division. "Without corroboration, you're probably dead in the water." In the De Lorean case, the prosecution thought it had plenty of corroboration: dozens of audio-and videotapes in which the industrialist seemed to agree to invest in a 220-lb. cocaine deal. But the jurors indicated in interviews after the acquittal that they regarded the tapes as inconclusive; they were more concerned about the credibility of the witnesses...

Author: /time Magazine | Title: Law: Are Bad Guys Good Witnesses? | 9/3/1984 | See Source »

...someone to touch the trigger. President Reagan and the passage of the tax bill played an important role." Some moneymen cited Reagan's apparent move away from the influence of supply-side economists, who favor tax cuts and play down the impact of budget deficits. Said Donald Trott, a market strategist for the A.G. Becker investment firm: "Increasingly, people in the financial community feel that supply-side economics is voodoo economics. The determination with which the President pursued passage of his tax legislation has sent the message that he is turning to a more conventional policy...

Author: /time Magazine | Title: Oh, What a Beautiful Rally! | 8/30/1982 | See Source »

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