Tim Fernholz on William Lerach, who went to jail for a crime that, at its heart, is no different than the white-collar crime he speaks out against:
William Lerach, a legend of the plaintiff’s bar, finished up a two-year sentence in March for his part in an illegal kickback scheme. By June, he was in Washington, D.C., at the America’s Future Now conference, lecturing progressives on the dangers white-collar crime on Wall Street poses to our pension system. The irony should have been apparent, to say the least.