Putting TRAC to Work
  Legal and Scholarly
Journal of Financial Crime, Saint Louis University
June 2016

Discretionary Justice: A Comparison and Discussion of Criminal Prosecutions in the History of Major Financial Crimes
By James F. Gilsinan, Muhammad Islam, Neil Seitz, and James Fisher

Syracuse University’s Transactional Records Access Clearinghouse indicates that in 1995, bank regulators referred 1,837 cases to the Justice Department.(Morgenson & Story,2011). In 2006, that number had fallen to 75. In the four subsequent years, a period encompassing the worst of the crisis, an average of only 72 a year have been referred for criminal prosecution. The fewer cases being referred are matched by a lack of enthusiasm for criminal prosecution among Justice referred Department attorneys.......[Citing TRAC research].

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2016
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