The Paucity of Criminal Prosecutions Arising from the Financial Crisis: Unaccountable?

Distinguished Jurist Lecture: Hon. Jed S. Rakoff, “The Paucity of Criminal Prosecutions Arising from the Financial Crisis: Unaccountable?”

Time: 4:30 PM – 5:30 PM

November 19, 2013

Location: Silverman 245A, Bernard Segal Moot Court Room

Reception to follow. Open to the public.


Jed Saul Rakoff is a federal judge for the United States District Court for the Southern District of New York. He joined the court in 1996 after being nominated by President Bill Clinton and assumed senior status on December 31, 2010. Prior to his appointment, Judge Rakoff was Chief Prosecutor of the Business and Securities Fraud Prosecutions Unit. Before serving as Chief Prosecutor, he was the Assistant U.S. Attorney for the U.S. Attorney’s Office in the Southern District of New York. He received his B.A. from Swarthmore, his M.A. in Philosophy from Oxford-England, and his J.D. from Harvard Law School.


Many people believe the financial crisis from which we are still suffering was the product, not just of mistakes and wrong guesses, but fraudulent practices and misrepresentations. Yet few if any high-level executives associated with these alleged misdeeds have been criminally prosecuted.  Bringing to bear his combined experience as a former federal prosecutor, former white collar criminal defense lawyer, and (for the past 18 years) experienced federal jurist, Judge Rakoff suggests that the paucity of such prosecutions may be tied, not just to the facts of any given case, but to disturbing trends in federal regulatory and prosecution policies over the past decade and more.


This program has been approved for 1.0 substantive law credit hours for Pennsylvania lawyers.  CLE credit may be available in other jurisdictions as well. Attendees seeking CLE credit should bring separate payment of $25.00 cash, or check made payable to “The Trustees of the University of Pennsylvania”.

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