The murder of a "corporate raider" appears to be connected to a Brooklyn factory he took over and then shut down. But the DA's office uncovers a connection to a banking scandal that leads al... Read allThe murder of a "corporate raider" appears to be connected to a Brooklyn factory he took over and then shut down. But the DA's office uncovers a connection to a banking scandal that leads all the way to a former governor.The murder of a "corporate raider" appears to be connected to a Brooklyn factory he took over and then shut down. But the DA's office uncovers a connection to a banking scandal that leads all the way to a former governor.
Photos
- Alice Cantwell
- (as Toni DiBuono)
- Kevin Morehead
- (as Anthony Cummings)
Storyline
Did you know
- TriviaThis episode appears to be based on the following events:
- The 1989 "Keating Five" scandal and the subsequent savings and loan crisis. The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger savings and loan crisis of the late 1980s and early 1990s. The five senators-Alan Cranston (Democrat of California), Dennis DeConcini (Democrat of Arizona), John Glenn (Democrat of Ohio), John McCain (Republican of Arizona), and Donald W. Riegle, Jr. (Democrat of Michigan)-were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., Chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB). The FHLBB subsequently backed off taking action against Lincoln.
- The Michael Milken case. Milken, was an investment banker who dominated the junk bond market in the 1980s, was sentenced to jail in 1990 after pleading guilty to a number of securities and tax-related felonies. In the preceding decade, Milken had helped usher in a new wave of leveraged buy outs (LBOs) and greatly changed the structure of corporate America. By the late 1980s, though, Milken and junk bonds became more heavily scrutinized, and Milken was eventually implicated in a number of felonious acts. Milken was later pardoned by President Donald Trump on February 18, 2020.
- The 1986 Ivan Boesky case. Boesky was a former American stock trader who became infamous for his prominent role in an insider trading scandal that occurred in the United States during the mid-1980s. He was charged and pled guilty to insider trading, was fined a record $100 million, and later became an informant.
- The 1986 Bank of Credit and Commerce International money laundering scandal. The BCCI was the seventh-largest private bank in the world and came under the scrutiny of financial regulators and intelligence agencies in the 1980s, due to concerns that it was poorly regulated and had illegally gained the controlling interest in a major American bank. BCCI became the focus of a massive regulatory battle in 1991, and, on the 5th of July of that year, customs and bank regulators in seven countries raided and locked down records of its branch offices. Subsequent investigations revealed that it was involved in massive money laundering for figures such as Saddam Hussein, Manuel Noriega, Hussain Muhammad Ershad, and Samuel Doe, and for criminal organizations such as the Medellin Cartel and Abu Nidal. Police and intelligence experts nicknamed BCCI the "Bank of Crooks and Criminals International" for its penchant for catering to customers who dealt in arms, drugs, and hot money. A supporting character was based on Clark Clifford, a successful Washington lawyer, who was a key figure in the BBCI scandal. Although Clifford maintained his innocence, he did face criminal charges of fraud, conspiracy, and taking bribes. These charges were dropped in 1993 because of Clifford's ill health. In 1998, the year of his death, he and his partner, Robert A. Altman reached a $5 million settlement with the Federal Reserve and settled the last of several civil lawsuits against them.
- Inspired by the life of American Financer Asher Edelman.
- Inspired by the life of American businessman Carl Icahn.
- GoofsWhen reading a memo, Logan pronounced "RE" as "ray". It is an abbreviation of "regarding" and should be pronounced "ree".
- Quotes
Paul Robinette: So what's the story? What's with this pro se nonsense?
Simon Vilanis: [loftily] I want my day in court, to show what that bastard did to us.
Paul Robinette: But you didn't kill McFadden.
Simon Vilanis: Nope. But I'd make a hell of a scapegoat. Me and my big mouth.
In all the years Law And Order has been on the air, I've never seen an episode where the police so identify with the individual they are arresting. Wallach gives a mesmerizing performance and it's hard not to sympathize with the guy. When he's questioned Michael Moriarty and Richard Brooks feel almost obligated to investigate the motive and see if there's a bigger picture.
The DA's investigation plays a lot like Oliver Stone's Wall Street and it reaches to an old friend of Stephen Hill's, pillar of the establishment William Prince.
Prince's character is based on a combination of Averill Harriman and Clark Clifford. That he could be involved in anything as sordid as what comes out here is just not registering at first. But the facts do speak for themselves.
Wallach and Prince offer an incredible juxtaposition of the American story in this very moving Law And Order episode.
- bkoganbing
- Apr 24, 2011