Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: md1derful who wrote (2482)	10/16/1998 10:09:00 AM
From: Geoff	Respond to of 6439

Thread: A must read in today's WSJ on page B2. It addresses the problems that tobacco prosecutors are facing, since the Fourth Circuit ruled that the FDA lacked the jurisdiction to regulate tobacco, in the criminal investigation by the Justice Department. Basically, the problem is that since the FDA lacks the authority to regulate tobacco, are the alleged false statements made my the tobacco companies about manipulating nicotine levels a criminal offense? From the WSJ article: The problem is that it isn't necessarily a crime to lie to the government. To be prosecuted for a false statement under federal law, the companies have to have lied about or concealed a "material" fact in a "matter within the jurisdiction" of a government department or agency. A false statement is only "material" if it is capable of influencing federal decision-making. The article is a must read for all. Choo choo! geoff