![]() ![]() Overall, this spike in criminal activity doesn’t look good compared to the decline in prosecutions. This can include anything from commercial loan fraud to self-dealing. Since 9/11, there’s been a 22% increase in the rate of Suspicious Activity Reports (SARs) filed by financial institutions. And unfortunately, most of these occurrences go unnoticed, with 88% of victims opting not to file a formal complaint. households have been victims of a white-collar crime. Identity theft and fraud alone have affected over 17 million Americans. Overall, fraud has such high numbers because it encompasses a wide range of different white-collar crimes. Yet, even though the number of crimes committed hasn’t decreased, the number of prosecutions in 2022 had only been 4,180.įraud makes up 63% of white-collar crimes, making it the most common.Īfter fraud comes embezzlement, followed by larceny/theft. For example, in 2001, there were 9,507 white-collar crime prosecutions, and in 2011 there were 10,162. There are roughly 5,000 white-collar crime-related arrests for every 100,000 people in the U.S.ĭespite this number, less and less of those arrested are being prosecuted. Plus, over 50% of embezzlers are managers. The statistics for employees are shocking, as an estimated 75% of all employees steal from their employer at least once, and another half of that percentage is repeatedly stealing. White-collar crime affects over 35% of U.S. Here are some general white-collar crime statistics that outline the severity of the problem: Knowing that white-collar crimes make up only 3% of federal prosecutions, it can be rather shocking to find out just how many people are affected. Prosecutions | White-Collar Criminals | Trends + Projections | Industry | Costs It’s estimated that up to 90% of white-collar crimes go unreported.įor further analysis, we broke down the data in the following ways: There were 4,180 white-collar prosecutions in 2022. The wide range here is due to the lack of prosecutions. ![]() White-collar crime prosecutions decreased 53.5% from 2011 to 2021.Īs of 2021, annual losses from white-collar crimes are anywhere from $426 billion to $1.7 trillion. White-collar crimes are estimated to make up only 3% of federal prosecutions. You might be shocked to discover just how prevalent white-collar crime is and how little it gets prosecuted. White-collar crime refers to a range of fraud committed by business and government professionals. Senator John McCain said, "No one is above the law." The ACLU called it "a presidential endorsement of racism." Former acting attorney general Sally Yates said the president had shown "his own contempt for our Constitution, our courts, and our founding principles of equality and justice.Research Summary. The reactions to the pardon came so fast, you'd think there was a competition to see who could be against it first. According to CNN, he was held in criminal contempt of court after he violated a court order to stop illegally profiling Latinos and assuming they were illegal immigrants. That's because the sheriff is the walking, talking definition of controversial. Another odd thing about this pardon was that it was given before Arpaio was even sentenced.Īnd while the pardon of "Sheriff Joe" is probably hugely popular with Trump's base, it isn't likely to make him many fans outside it. The Washington Post said it's rare for presidents to issue pardons this early in their terms, especially ones that might come back and bite them in the behind come election time. ![]()
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