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White-collar prosecutions are on track to hit a 20-year low, according to Syracuse University’s Transactional Records Access Clearinghouse, a nonprofit research center that analyzes government data.
The center, known as TRAC, found in its latest report, published last week, that about 3,250 cases were brought between October 2017 and April—a 4.4 percent drop from the same period in fiscal year 2017 and a 33.5 percent decline from five years ago.
“These recent trends continue a long term slide in the level of federal fraud prosecutions. Indeed, current levels represent the lowest number of white collar prosecutions in more than 20 years,” according to the latest TRAC report. (Bloomberg has more here on the report.)
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