The former top criminal official of the Justice Department, Kenneth Polite Jr., will be undertaking a review of corporate compliance programs at the international investment firm, Tavistock Group. This development comes following the charging of Tavistock’s founder by the Department of Justice last year over insider trading allegations.
Polite, who resigned his role as the chief of the criminal division in August, now holds a partnership at the law firm, Sidley Austin, where he also co-directs the global white collar practice.
Tavistock Group announced Polite’s appointment to lead the internal review of its operations on Tuesday. The specifics of Polite’s remit and his approach to the task remain undisclosed, and Tavistock Group has not provided a timeline for when the internal review will conclude or if the findings will be made public.
This announcement comes at a crucial time, just one day before billionaire Joe Lewis, the principal investor and owner of Tavistock Group and individual with an extensive portfolio in both the hospitality and real estate sectors, faces the charges laid against him.
For more information, read the full report by Ben Penn on Bloomberg Law.