Chapter 16 - The Federal Subpoena Reaches The Core Of Wall Street
The shockwaves of the foundation's restructuring hit Wall Street like a category five financial hurricane.
Major banking institutions that had laundered money for the Sterlings suddenly found themselves under federal audit.
CEO after CEO resigned under pressure as the Department of Justice issued sweeping grand jury subpoenas.
The media dubbed it the biggest corporate cleansing operation in the history of the New York Stock Exchange.
Richard watched the news broadcasts on the small television screen mounted in his federal detention common room.
He realized that his family’s name had been completely erased from corporate history books in less than a month.
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There were no bailouts, no friendly judges, and no secret offshore accounts left to save him from his sentence.
He was just another inmate in an orange jumpsuit, forgotten by the elite society he had spent his life trying to impress.
