U.S. District Judge Jed Rakoff has had a long and eventful career on the bench. In 2009, he rebuked of the SEC for failing to punish the Bank of America sufficiently for nondisclosure violations. In 2012, he presided over the $163 million settlement between the owners of the New York Mets and the trustee for the victims of Bernard Madoff's Ponzi scheme. Later that year, he courted controversy when he sentenced Rajat Gupta, the Goldman Sachs director who once ran McKinsey & Co., to a relatively light two years in prison plus a $5 million fine for insider trading. While most sitting judges rarely gave interviews, Rakoff sits down with Fortune to discuss his views on the public revulsion to white collar crime, inflexible sentencing standards, and more.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.