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Federal prosecutions of white-collar crimes have reached an “all-time” low this year, according to the Transactional Records Access Clearinghouse (TRAC) at Syracuse University.
As of January 2020, the number of white-collar offenders prosecuted on federal charges had dropped eight percent from the previous year, continuing a slide that began five years ago.
“If prosecutors continue at the same pace for the remainder of FY 2020, they are projected to fall to 5,175—almost half the level of their Obama-era peak,” TRAC said
In January, just 359 defendants were prosecuted—for the most part individuals, rather than firms—representing an “all-time low since tracking began during the Reagan Administration,” TRAC added.
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