---------- Forwarded message ---------- From: Dante-Gabryell Monson <[email protected]> Date: Sat, Dec 17, 2011 at 9:15 PM Subject: Article : Prosecutions for Bank Fraud Fall Sharply To: [email protected] http://economix.blogs.nytimes.com/2011/11/15/prosecutions-for-bank-fraud-fal... Prosecutions for Bank Fraud Fall SharplyBy CATHERINE RAMPELL<http://economix.blogs.nytimes.com/author/catherine-rampell/> [image: CATHERINE RAMPELL] CATHERINE RAMPELL<http://economix.blogs.nytimes.com/author/catherine-rampell/> Dollars to doughnuts. Federal prosecutions for financial institution fraud have tumbled over the last decade, despite the recent troubles in the banking sector, according to a new analysis of Justice Department data <http://trac.syr.edu/tracreports/crim/267/>by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University. [image: DESCRIPTION]Transactional Records Access Clearinghouse (TRAC), Syracuse University This category can refer to crimes committed both within and against banks. Defendants include bank executives who mislead regulators, mortgage brokers who falsify loan documents, and consumers who write bad checks. (Here are some recent cases of bank fraud prosecutions<http://www.irs.treas.gov/compliance/enforcement/article/0,,id=246532,00.html> .) During the first 11 months of the 2011 fiscal year, the federal government filed 1,251 new prosecutions for financial institution fraud. If that pace continues, TRAC projects a total of 1,365 prosecutions for the fiscal year. That’s less than half the total a decade ago. The decline in these new cases stands in contrast to the government’s broader approach to federal criminal prosecutions. Federal prosecutions for other crimes have grown tremendously, with the number of total new prosecutions filed for all federal crimes<http://tracfed.syr.edu/results/9x204ec2b6dfc0.html> nearly *doubling *over the last decade: [image: DESCRIPTION]Transactional Records Access Clearinghouse (TRAC), Syracuse University -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens