Queen for a Day... (6.15)
Chuck: Let's get started.
Bryan: This is a proffer session, otherwise known as Queen for a Day. As the documents you signed state, you lay out everything illegal you've done in the securities industry, particularly in regards to Axe Capital, in return for a felony 5K letter-reducing sentence. If you are untruthful or withholding, you can and will be prosecuted.
Chuck: Sing for your supper and you'll get breakfast in the morn'.
In the American legal system "queen for a day" refers to written documents that are designed to create a potential mutually beneficial arrangement with the federal government and a person of interest regarding a criminal investigation. The concept of a "queen for a day", more commonly known as proffer agreements permit the accused individual to disclose to authorities key points of knowledge to crimes committed by that person and/or others, with implied assurance that said knowledge will not be used against them in later proceedings.
More precisely it facilitates a symbiotic relationship by giving prosecutors a sample of the individual's knowledge that in turn provides the accused leverage to bargain with for something such as a lesser sentence or immunity in regards to the whole of the investigation.