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White collar convictions by the Department of Justice (DOJ) dipped to a “20-year historic low” in 2015, according to data obtained from the Executive Office of the U.S. Attorney under the Freedom of Information Act and analyzed by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University.
“Convictions over the past year are still much lower than they were five years ago,” TRAC reported.
DOJ reported 520 new convictions of white collar criminals in February.
But that number is down 7.3 percent from a year ago and represents a 16.7 percent decline in white collar convictions compared to five years ago, according to TRAC.
The Southern District of Illinois (East St. Louis) saw the “largest drop in the rate of white collar crime convictions – 53.3 percent” over the past year, according to TRAC.
“Compared to five years ago, the most significant decline in convictions – 41.1 percent – was for convictions where the lead charge was ‘attempt to evade or defeat tax’,” according to TRAC.
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