Prosecution Of Financial Fraud Is At A 20-Year Low

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By Zaid Jilani

The Huffington Post’s Alexander Eichler reports on a new study put out by a watchdog group that finds that federal prosecution of financial fraud has now reached a 20-year low. The report from the Transactional Records Access Clearinghouse at Syracuse University finds that there were “just 1,365 prosecutions for financial institution fraud in fiscal year 2011.” In contrast, there were over 3,000 such prosecutions in 1991. The authors illustrated this disparity in the following chart tracking prosecutions:

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