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Supreme Court Limits ‘Honest Services’ Fraud Law Used to Prosecute Corruption Cases; Ruling Impacts Skilling, Black Convictions

June 28, 2010 in Securities Regulation & Law Report · Leave a Comment 

The U.S. Supreme Court June 24 significantly restricted federal prosecutors’ ability to rely on a favored statute for pursuing corruption in both the public and private sectors. The statute, 18 U.S.C. §1346, prohibits “honest services” fraud, and the court decided that…

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