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The New York Times
November 15, 2011

Prosecutions for Bank Fraud Fall Sharply
By Catherine Rampell


Federal prosecutions for financial institution fraud have tumbled over the last decade, despite the recent troubles in the banking sector, according to a new analysis of Justice Department data by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University. During the first 11 months of the 2011 fiscal year, the federal government filed 1,251 new prosecutions for financial institution fraud. If that pace continues, TRAC projects a total of 1,365 prosecutions for the fiscal year. Thatís less than half the total a decade ago. The decline in these new cases stands in contrast to the governmentís broader approach to federal criminal prosecutions. Federal prosecutions for other crimes have grown tremendously, with the number of total new prosecutions filed for all federal crimes nearly doubling over the last decade.


Transactional Records Access Clearinghouse, Syracuse University
Copyright 2011
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