In reply to Lego:
> It actually sets an incredibly dangerous precedent - if crimes were comitted, then obviously they should be tried by UK law. The fact that we won't try them suggests that we can't see that any crimes (or evidence of any crimes) were comitted.
>
> Does this then mean the US can try any of us for breaking any of their laws, regardless of whether we've broken a law over here?
It's worse, in that the crime (if such it was) was perpetrated on a UK bank by UK citizens in the UK, There was no US involvement at all apart from the fact, if I understand correctly, that the company who's shares these guys dealt in was an Enron subsidiary.
They were not part of the overall Enron conspiracy at all, but at worst made money (in the UK) off the back of a company that they knew to be overvalued.
It gets even worse: According to a couple of articles in the weekend papers, virtually all the "evidence" the US authorities have against them is contained in depositions that the 3 people *voluntarily* disclosed to British authorities at the time of the Enron collapse. According to one article, when the Enron collapse happened, the 3 immediately thought "oh-ho, that company was an Enron susidiary, this could look bad for us" and went the the authorities in the UK with a full disclosure of the whole set of transactions.
OK, maybe they were playing a double bluff, or something, but it sounds like the case against them is very thin, hence the reluctance to prosecute in the UK.
In any event, summary extradition like this is surely not on. I don't know the legal niceties, but if the USA hasn't ratified their part of it, then can the treaty actually be said to be binding at all, yet?