McNabb in the News (6/23/06)

Senior Principal Douglas McNabb has been quoted in an article in London’s Independent newspaper about the recent refusal of the House of Lords to hear the appeals by Ian Norris and the NatWest Three.

Lawyers point out that Britain has a different legal culture when it comes to white-collar crime and fines are far more common here than jail sentences. The highest corporate sentence of 14 years in prison went to Abbas Gokal, who was found guilty in 1997 for his role in the collapse of BCCI. In the US, sentences of 164 years are possible in theory (though 35 years would be served).

…

Douglas McNabb, a US extradition specialist, said the NatWest trio could face 23 years in jail if their final appeal fails and they are extradited to Houston, and even if they were found not guilty on fraud charges, they could be tried on related money-laundering charges.^[1]

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[1] Julia Kollewe, Fast-Track Extradition Treaty in the Dock Over ‘Imbalances’, The Independent (UK), Jun. 23, 2006.