Prosecutions of White-Collar Crimes Drop to Lowest in at Least 20 Years
Dress for success is a maxim that apparently holds true even for criminals, as the federal government’s prosecution of white-collar crime has fallen dramatically over the past 20 years.
Statistics compiled by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University show that prosecutions for crimes such as mail fraud, healthcare fraud and other such offenses are off almost 37% from their peak during the Clinton administration. In 1995, the number of prosecutions was about 11,000 and that number has dropped steadily since then, with the exception of a spike during the first three years of the Obama administration. Prosecutions hit about 10,000 in 2011, but have fallen steeply since, with fewer than 7,000 such cases likely to happen by the end of the fiscal year on September 30.
The place where there appear to be more prosecutions is in the health care arena. Those cases have increased by 5.5% from a year ago and are up 22.1% compared to five years ago. The most common white-collar prosecution now is fraud by wire, radio or television.
The Federal Bureau of Investigation referred the highest percentage of cases for prosecution at 27.8%. The bureau was followed by the Internal Revenue Service (15.8%), the Secret Service (13.1%), the Postal Service (8.3%), and the Social Security Administration (5.3%).
To Learn More:
FBI Eases Up on White Collar Crime (by Noel Brinkerhoff, AllGov)
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- Executive Director of the Office of Faith-Based and Neighborhood Partnerships: Who Is Melissa Rogers?
- Principal Deputy Director of the United States Mint: Who Is Rhett Jeppson?
- Coordinator of the Bureau of International Information Programs: Who is Macon Phillips?
- Acting Under Secretary of the Veterans Benefits Administration: Who Is Tom Murphy?
- Director of the American Institute in Taiwan: Who is Kin Moy?