Justice Department statistics show that the number of prosecutions of frauds against financial institutions fell 48percentt from 2000 to 2007 while securities fraud cases decreased 17percentthoughough F.B.I. officials said agents focused on larger cases with greater impacts.
For those of you who've wondered why there have been so few prosecutions of mortgage fraud during this epidemic, your answer is on Page 164.
"It's a safe bet that we're going to see an increase in the prosecution of this," said Jesse McClure, one of two new special prosecutors the Texas Department of Insurance hired to increase prosecutions of insurance fraud.
The Bush Justice Department found that there were as few as 80 successful prosecutions of voter fraud cases out of hundreds of millions of votes cast since 2000.
Successful prosecutions of voter fraud cases barely amount to one one-hundredth of one percent of total votes cast in a single general election.
No wonder, he turned his back on consumer advocate Elizabeth Warren and is trying to kill prosecutions of bank fraud in high places.
This paper considers the challenges and opportunities that exist in England and Wales for the use of private prosecutions for Fraud.
The financial threshold will be abolished, bringing the prosecution of benefit fraud in line with the prosecution of other fraud cases, the CPS said.
There were no complaints about bureaucracy and only two claims deemed worthy of prosecution for fraud.
Mr. Bharara himself appears to have shifted his focus — at least publicly — away from the prosecution of financial fraud.
