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Federal Prosecution Of Financial Fraud Falls To 20-Year Low, New Report Shows
11/15/11 07:38 PM ET Updated: 11/16/11 08:56 AM ET
Public mistrust for banks may be at an all-time high, but federal prosecution for certain financial crimes is down to a 20-year low.
The federal government is on track to file just 1,365 prosecutions for financial institution fraud in fiscal year 2011, according to a new report from a watchdog group. That would be the lowest number of such prosecutions in at least two decades.
The report, from the Transactional Records Access Clearinghouse at Syracuse University, comes at a time when the protest movement known as Occupy Wall Street has gained nationwide visibility -- and no small degree of public support -- by criticizing what its members see as a close relationship between big banks and the federal government....
Full article:
http://www.huffingtonpost.com/2011/11/15/financial-fraud-prosecution_n_1095933.html
11/15/11 07:38 PM ET Updated: 11/16/11 08:56 AM ET
Public mistrust for banks may be at an all-time high, but federal prosecution for certain financial crimes is down to a 20-year low.
The federal government is on track to file just 1,365 prosecutions for financial institution fraud in fiscal year 2011, according to a new report from a watchdog group. That would be the lowest number of such prosecutions in at least two decades.
The report, from the Transactional Records Access Clearinghouse at Syracuse University, comes at a time when the protest movement known as Occupy Wall Street has gained nationwide visibility -- and no small degree of public support -- by criticizing what its members see as a close relationship between big banks and the federal government....
Full article:
http://www.huffingtonpost.com/2011/11/15/financial-fraud-prosecution_n_1095933.html
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