Which office do I go to to get my reputation back?

Reader comment on: More on the Insider Trading Opinion

Submitted by Andrew Terhune (United States), Dec 11, 2014 18:38

These are the immortal words of Reagan's Secretary of Labor, Ray Donovan, after he and all the defendants were acquitted in 1987 of any wrongdoing.

In a highly publicized 1987 case,^[1] Donovan and six other defendants were indicted by a Bronx County, New York, grand jury for larceny and fraud in connection with a project to construct a new line for the New York City Subway, through a scheme involving a Genovese crime family associate and a minority-owned subcontractor.^[2] Schiavone Construction was obligated to subcontract part of the work to a minority-owned enterprise. The essence of the charge was that because the minority owned firm (Jo-Pel Contracting and Trucking Corp) leased equipment from Schiavone, that it was not truly independent of Schiavone.^{[citation needed]}

On May 25, 1987, Donovan (and all of the other defendants) were acquitted, after which Donovan was famously quoted as asking, "Which office do I go to to get my reputation back?"

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