Pursuit of white-collar crime continued to plummet as the third year of the Trump administration began, with the number of cases in January falling to the lowest level since a nonprofit organization began monthly tracking more than two decades ago.
Federal prosecutors reported 337 new white-collar prosecutions in January, a drop of more than 20 percent from the previous month and the lowest since Syracuse University’s Transactional Records Access Clearinghouse started examining monthly totals in October 1998, according to a report published Wednesday. The number of monthly cases has slid for five straight months, and is down 35.7 percent from five years ago.
The center reported in May 2018 that pursuit of white-collar crime -- which includes commodities and securities fraud, antitrust violations and identity theft -- was on track to hit a 20-year low under President Donald Trump after hitting a high in 2011 during Barack Obama’s administration. The analysis is of data obtained by TRAC under the Freedom of Information Act.
©2019 Bloomberg L.P. All rights reserved. Used with permission
To contact the reporter on this story: Chris Dolmetsch in Federal Court in Manhattan at cdolmetsch@bloomberg.net
To contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net Joe Schneider
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.