Jed S. Rakoff

The Hon. Jed S. Rakoff is a federal judge for the United States District Court for the Southern District of New York. He was nominated by President William Clinton in 1996 and assumed senior status in 2010. Judge Rakoff previously served as an Assistant U.S. Attorney in the Southern District of New York. Judge Rakoff also practiced as a white-collar criminal defense attorney, and is currently an adjunct professor at Columbia Law School.

Prosecuting Corporate Criminals

Prosecutions of individual corporate criminals can, in fact, be successful—and are critical for attaining justice.

The Shift to Prosecuting Companies Instead of Individuals

Federal prosecutors have made a subtle but important shift over the last 30 years to prosecuting companies and institutions.

Potential Reasons for the Dearth of Prosecutions

Alternative priorities and government ties to the conditions that caused the financial crisis could explain the lack of prosecutions.

The Department of Justice and the Prosecution of Fraud

The DOJ has excused the failure to prosecute high-level individuals for fraud on one or more of three grounds.

Who is to Blame for the Great Recession?

If the Great Recession was caused by fraud, the failure to prosecute those responsible is an egregious failure.