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As corporate con artists worked long hours, federal criminal prosecutions took a break
Wednesday, December 16, 2009
USA Today: Brad Heath reports that federal criminal prosecutions for serious financial crime plummeted as the nation headed toward one of the worst economic meltdowns in U.S. history. The report is based on Justice Department statistics showing that from 2003 to 2009, criminal corporate fraud cases plunged 55%; securities fraud charges dropped 17%; and bankruptcy fraud cases fell by 44%.
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