[P2P-F] Fwd: Article : Prosecutions for Bank Fraud Fall Sharply

Mon Dec 26 03:14:14 CET 2011

---------- Forwarded message ----------
From: Dante-Gabryell Monson <dante.monson at gmail.com>
Date: Sat, Dec 17, 2011 at 9:15 PM
Subject: Article : Prosecutions for Bank Fraud Fall Sharply
To: econowmix at googlegroups.com

http://economix.blogs.nytimes.com/2011/11/15/prosecutions-for-bank-fraud-fall-sharply/
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

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