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Syracuse University’s Transactional Records Access Clearinghouse (TRAC) project reports that corporate- and white-collar prosecutions at the federal level hit an all-time low in 2022. TRAC’s data also reveals one reason why white-collar crimes generally aren’t pursued by federal authorities. It takes a long time — years — to investigate a white-collar crime and initiate legal proceedings. In 2022, TRAC’s data notes, “the average days between receipt of these (criminal) referrals and the actual filing of the prosecution for white-collar crimes was 452 days. This is 3.6 times greater than the average time spent for all federal prosecutions last year.”
By contrast, immigration cases took just 27 days between referral and prosecution filing, weapons cases 103 days and drug cases 128 days.
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