The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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7/23/2007
Execs on the Run, Law Enforcement Struggles With High Level White Collar Prosecutions
Deal or fight? Traditionally these are the two options available to high-profile white collar criminals. Increasingly though, a third option has presented itself - run like hell. Let's face it, what would you do if you were an international bon vivant with more money than god who was looking down the barrel of a 20 year prison sentence?

If you're a second tier player, you probably just strike a deal and turn in your boss. But what if you are the boss (and you didn't happy to provide the current president with his campaign jet)? You might just decide that (insert non-extradition treaty country) is supposed to be really beautiful this time of year, rather than make your court date.

Take the case in point of Michael Berger, a hedge fund manager wanted since 2000, who ran out on an 87 month prison sentence and who only recently found himself back in the warm bosom of international law enforcement.

-- MDT

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