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And earlier this year, the Transactional Records Access Clearinghouse (TRAC) put out a report finding that the prosecution of white-collar offenders last year reached a new all-time low since tracking began during the Reagan administration.
During the last fiscal year which ended September 2022, only 4,180 white-collar defendants were prosecuted. White-collar prosecutions last year were lower than in any year during the Trump administration even lower than during 2020 when due to the pandemic and federal partial shutdowns, federal criminal enforcement activities of all kinds were sharply curtailed.
In general, prosecutions of white-collar offenders have been steadily declining, the report found.
The TRAC report was looking at the larger group of white-collar crimes. Prosecutors chiefly pursue individuals when prosecuting white-collar crimes. Corporations and other business organizations are rarely prosecuted. Even so, the numbers documented in the TRAC report on corporate crime were shockingly low.
Out of the 4,180 prosecutions for white-collar offenses, 31 (less than one percent) of the defendants were business or corporate entities. This was the lowest number of criminal prosecutions of corporations for white-collar offenses since federal prosecutor tracking began for these in 2004.
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