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Former Illinois Gov. Rod Blagojevich arrives at O'Hare International Airport after being released from prison on February 19, 2020 in Chicago. (Photo: Kamil Krzaczynski/AFP via Getty Images)

'Disturbing': Study Shows DOJ Prosecutions of White-Collar Criminals Hit All-Time Low Under Trump

"Never has white-collar crime gone so ignored."

Jake Johnson

Prosecutions of white-collar criminals by the U.S. Justice Department plunged to an all-time low in January, according to a study published just days after President Donald Trump proclaimed his commitment to "safeguarding the American consumer" and "strengthening our efforts to prevent and prosecute fraud."

"White-collar and corporate prosecutions are at their lowest point in modern U.S. history. Never has white-collar crime gone so ignored."
—Transactional Records Access Clearinghouse, Syracuse University

The analysis released Tuesday by Syracuse University's Transactional Records Access Clearinghouse (TRAC) found that the Justice Department prosecuted just 359 white-collar criminals in January, a decline of 25% from five years ago. TRAC has been recording data on white-collar prosecutions since 1986.

"Federal white-collar prosecutions have fallen from their peak of over 1,000 in June 2010 and February 2011," the study found. "During the Obama administration in [fiscal year] 2011, they reached over 10,000. If prosecutions continue at the same pace for the remainder of FY 2020, they are projected to fall to 5,175—almost half the level of their Obama-era peak."

David Sklansky, a former assistant district attorney and co-director of the Stanford Criminal Justice Center, called the decline "disturbing."

"It's a matter of concern that federal prosecutions of white-collar fraud have declined so precipitously," Sklansky told MarketWatch. "When the U.S. Attorney's offices file fewer of these cases, that slack is unlikely to be picked up by district attorneys or state prosecutors."

The study came in the middle of National Consumer Protection Week, which began March 1 and ends on Saturday, March 7. President Donald Trump marked the occasion with a statement vowing to prosecute "bad actors seeking to harm and exploit honest and hardworking people through deception and other nefarious tactics."

"It's a strange claim, given that federal white-collar crime prosecutions are at an all-time low," Washington Post columnist Catherine Rampell tweeted in response to Trump's statement.

Last month, as Common Dreams reported, Trump granted clemency to several high-profile white-collar criminals, including "junk bond king" Michael Milken and former Illinois Gov. Rod Blagojevich.

"White-collar crimes, in Trump's worldview, are not 'real crimes,'" MarketWatch columnist Paul Brandus wrote at the time.


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'We WILL Fight Back': Outrage, Resolve as Protests Erupt Against SCOTUS Abortion Ruling

Demonstrators took to the streets Friday to defiantly denounce the Supreme Court's right-wing supermajority after it rescinded a constitutional right for the first time in U.S. history.

Brett Wilkins ·


80+ US Prosecutors Vow Not to Be Part of Criminalizing Abortion Care

"Criminalizing and prosecuting individuals who seek or provide abortion care makes a mockery of justice," says a joint statement signed by 84 elected attorneys. "Prosecutors should not be part of that."

Kenny Stancil ·


Progressives Rebuke Dem Leadership as Clyburn Dismisses Death of Roe as 'Anticlimactic'

"The gap between the Democratic leadership, and younger progressives on the question of 'How Bad Is It?' is just enormous."

Julia Conley ·


In 10 Key US Senate Races, Here's How Top Candidates Responded to Roe Ruling

While Republicans unanimously welcomed the Supreme Court's rollback of half a century of reproductive rights, one Democrat said "it's just wrong that my granddaughter will have fewer freedoms than my grandmother did."

Brett Wilkins ·


Sanders Says End Filibuster to Combat 'Outrageous' Supreme Court Assault on Abortion Rights

"If Republicans can end the filibuster to install right-wing judges to overturn Roe v. Wade, Democrats can and must end the filibuster, codify Roe v. Wade, and make abortion legal and safe," said the Vermont senator.

Jake Johnson ·

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