Question

Do you believe the criminal prosecutions of Enron Corporation’s CEO and Martha Stewart will serve as a deterrent to such greed?

Answer 1

Wire and Mail Fraud: Applies to any person who uses the U.S. Mail or interstate wire services (telephones, telegraph, fax, etc.) as part of a fraudulent scheme or artifice. The mail or wire service must be used “for the purpose” of executing a scheme or “artifice”. Wire transfer of money between defendant’s accounts at different banks after fraud was complete not “purpose” of scheme. Interstate telephone conversations with victims after fraud complete intended to lull victims into a false sense of security violates the act thus i  believe the criminal prosecutions of Enron Corporation’s CEO and Martha Stewart will serve as a deterrent to such greed