According to the Washington Post, now that federal prosecutors lost their criminal case against Richard Scrushy, the Securities and Exchange Commission is taking a crack at him.
There of course is nothing legally wrong with the SEC going after someone before, or after, a criminal prosecution, but it sure does seem to be a bit...unseemly. Some will surely see this as an abusive series of prosecutions against Mr. Scrushy, but my money is on a quick settlement of such charges where the SEC takes a paper, and meaningless, "victory" complete with a huge press release.
Stay tuned.
