<br><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Dante-Gabryell Monson</b> <span dir="ltr"><<a href="mailto:dante.monson@gmail.com">dante.monson@gmail.com</a>></span><br>
Date: Sat, Dec 17, 2011 at 9:15 PM<br>Subject: Article : Prosecutions for Bank Fraud Fall Sharply<br>To: <a href="mailto:econowmix@googlegroups.com">econowmix@googlegroups.com</a><br><br><br><h1 style="margin:6px 0px 4px;line-height:1.083em;font-weight:normal;font-family:georgia,'times new roman',times,serif;text-align:left;background-color:rgb(255,255,255)">
<a href="http://economix.blogs.nytimes.com/2011/11/15/prosecutions-for-bank-fraud-fall-sharply/" target="_blank"><font>http://economix.blogs.nytimes.com/2011/11/15/prosecutions-for-bank-fraud-fall-sharply/</font></a></h1>
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Prosecutions for Bank Fraud Fall Sharply</h1><address style="font-style:normal;font-family:arial,helvetica,sans-serif;font-size:1.1em;line-height:1.2em;color:rgb(128,128,128);margin-top:2px;margin-bottom:2px;text-align:left;background-color:rgb(255,255,255)">By�<a href="http://economix.blogs.nytimes.com/author/catherine-rampell/" title="See all posts by CATHERINE RAMPELL " style="color:rgb(0,66,118);text-decoration:none;text-transform:uppercase" target="_blank">CATHERINE RAMPELL</a></address><div style="margin-top:15px;color:rgb(51,51,51);font-family:georgia,'times new roman',times,serif;font-size:10px;line-height:15px;text-align:left;background-color:rgb(255,255,255)">
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Federal prosecutions for financial institution fraud have tumbled over the last decade, despite the recent troubles in the banking sector, according to a new�<a href="http://trac.syr.edu/tracreports/crim/267/" style="color:rgb(0,66,118)" target="_blank">analysis of Justice Department data�</a>by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University.</p>
<div style="width:533px;margin-bottom:1em"><img src="http://graphics8.nytimes.com/images/2011/11/15/business/economy/economix-15trac/economix-15trac-custom1.jpg" alt="DESCRIPTION"><span style="font-family:arial,helvetica,sans-serif;font-size:1em;line-height:1.223em;text-align:right;color:rgb(144,144,144);margin:2px 0px;display:block">Transactional Records Access Clearinghouse (TRAC), Syracuse University</span></div>
<p style="margin:0px 0px 1em;font-size:1.4em;line-height:1.5em">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�<a href="http://www.irs.treas.gov/compliance/enforcement/article/0,,id=246532,00.html" style="color:rgb(0,66,118)" target="_blank">recent cases of bank fraud prosecutions</a>.)</p>
<p style="margin:0px 0px 1em;font-size:1.4em;line-height:1.5em">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.</p>
<p style="margin:0px 0px 1em;font-size:1.4em;line-height:1.5em">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�<a href="http://tracfed.syr.edu/results/9x204ec2b6dfc0.html" style="color:rgb(0,66,118)" target="_blank">total new prosecutions filed for all federal crimes</a>�nearly�<i>doubling�</i>over the last decade:</p>
<div style="width:533px;margin-bottom:1em"><img src="http://graphics8.nytimes.com/images/2011/11/15/business/economy/economix-15trac/economix-15trac-custom2.jpg" alt="DESCRIPTION"><span style="font-family:arial,helvetica,sans-serif;font-size:1em;line-height:1.223em;text-align:right;color:rgb(144,144,144);margin:2px 0px;display:block">Transactional Records Access Clearinghouse (TRAC), Syracuse University</span></div>
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