Banks must 'rat out' employees

The Justice Department has a suggestion for banks hoping to avoid criminal charges: Rat out your employees.

The New York Times reports that Marshall L. Miller, the No. 2 official in the Justice Department’s criminal division, detailed in a speech on Wednesday how banks would either earn credit for exposing nefarious individuals or face charges for protecting them.

'At the risk of being a little too Brooklyn, I’m going to be blunt: If you want full cooperation credit, make your extensive efforts to secure evidence of individual culpability the first thing you talk about when you walk in the door to make your presentation' to the Justice Department, Miller, a former federal prosecutor in Brooklyn, said at the Global Investigation Review Program in New York.

He then added: 'Make those efforts the last thing you talk about before you walk out.'

Hit the link below to access the complete New York Times article:

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