NCJ Number
100340
Date Published
1986
Length
10 pages
Annotation
An assistant attorney general from the Department of Justice discusses the costs of white-collar crime and describes several cases to demonstrate the Administration's commitment to enforcing laws against fraud.
Abstract
The white-collar crime provision of the Comprehensive Crime Control Act passed in 1984 greatly helped Federal enforcement, but further progress is needed. The U.S. Attorney General has created an Economic Crime Council within the Department of Justice that has identified the following principal priority areas: defense procurement funds, bank fraud, investment frauds, money laundering, securities frauds, and health care frauds. White-collar crime prosecutions have risen as a percentage of total Federal prosecutions from 8 percent in 1970 to 20 percent in 1980 to 24 percent in 1984. The number of white-collar offenders serving time in Federal prisons has increased 69 percent since 1980. A series of white-collar crime cases recently resolved demonstrates significant Federal effort in this area.