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As Silicon Valley mushroomed from an obscure specialty industry to the wealthiest and most influential collection of companies in history, prosecutors have occasionally promised more attention to it. And there have been brief spikes in cases. They never last.
Nationally, there has been a long-term trend away from white-collar prosecutions. The shift was accelerated by the Sept. 11 attacks, which reallocated investigative resources to the fight against terrorism. But the drop in Northern California was nearly twice as steep from 1995 to 2019 as it was in the Southern District of New York, which has jurisdiction over Wall Street, according to data from the Transactional Records Access Clearinghouse at Syracuse University.
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