Bank fraud investigations assisted by bankers' emails saying 'Please don't talk about this illegal thing in email'
by Cory Doctorow from on (#26BCN)
Morgan Stanley's pre-crisis fraudulent mortgage activity cost the firm $2.6B in federal fines, $550m in New York state fines, and $22.5M in Illiois state fines -- and part of the evidence against it is emails from high-ranking bankers telling their subordinates not to talk about the criminal stuff in email, because it could get them all in trouble. (more")