Putting TRAC to Work
  News Organizations
CBS News
January 11, 2017

VW highlights how few top execs get prosecuted
By Larry Light

The mid-level Volkswagen executive who allegedly helped cover up the German automakerís emissions fraud got nabbed by federal agents this week. But the FBIís arrest of Oliver Schmidt underscores an uncomfortable truth about white-collar prosecutions nowadays: There are fewer of them, and big shots rarely get put in the pokey. Over the past 10 years through 2016, federal prosecutions of white-collar crimes have dropped 21 percent, to 9,532 last year, according to Syracuse Universityís Transactional Records Access Clearinghouse, or TRAC, which researches federal law enforcement. Many of them were garden-variety offenses such as credit card fraud, not misdeeds of large entities like Volkswagen or huge financial firms.

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2017
TRAC TRAC at Work TRAC TRAC at Work News Organizations News Organizations