US Prosecution of White Collar Crime Hits 20-Year Low Under Obama Admin. : Report

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US Prosecution of White Collar Crime Hits 20-Year Low Under Obama Admin. : Report

US Prosecution of White Collar Crime Hits 20-Year Low Under Obama Admin. : Report

IBTimes-

Federal prosecution of white-collar crime has hit a 20-year low, according to a new report on Department of Justice data. The analysis of thousands of records by Syracuse University shows a more than 36 percent decline in such prosecutions since the middle of the Clinton administration, when the decline first began.

In the aftermath of the 2008 financial crisis, prosecutions ticked up slightly, but then dropped. Landing amid calls from Democratic presidential candidates for more Wall Street prosecutions, the report notes that the projected number of prosecutions this year is 12 percent less than last year and 29 percent less than five years ago.

“The decline in federal white-collar crime prosecutions does not necessarily indicate there has been a decline in white-collar crime,” Syracuse researchers note. “Rather, it may reflect shifting enforcement policies by each of the administrations and the various agencies.”

[IBTIMES]

Image: Reuters

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One Response to “US Prosecution of White Collar Crime Hits 20-Year Low Under Obama Admin. : Report”

  1. Charles Reed says:

    What one black man has screwed the largest amount of black in the history of this Nation and that would be Eric “MERS” Holder! Black people who had their homes stolen did not have the black Atty Gen to do his job and get the bank to pay restitution!

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