NCJ Number
103018
Journal
Security Management Volume: 30 Issue: 10 Dated: (October 1986) Pages: 87-92
Date Published
1986
Length
4 pages
Annotation
This article describes the strategy and achievements of the U.S. Department of Justice in dealing with white-collar crime under Federal law.
Abstract
In 1983 the Attorney General created the Economic Crime Council to be an advisory body on white-collar crime law enforcement policy within the Justice Department. The council's primary task is to help identify for prosecution those types of economic crime that have national significance. Under the council's advice, the Justice Department is concentrating on white collar offenses that affect national defense, the banking system, taxpayers, and the investing public. Offense areas having priority are defense procurement frauds, frauds against banks and other financial institutions, money laundering, investment 'boiler room' frauds, and frauds by health care providers involving medicare and medicaid funds. A number of successful investigations and prosecutions have been conducted in these areas. The strategy against white-collar crime requires the maintenance of at least the current general level of resources. More effective legislative tools are also being sought. These include proposals for a comprehensive money laundering bill and an eight-bill antifraud enforcement initiative. Another tool being pursued is the implementation of an economic crime index to facilitate the exchange of information on white-collar criminals among law enforcement agencies. Appropriate components of the Justice Department have also been assigned to assist the U.S. Sentencing Commission in developing white-collar crime sentencing policies and guidelines.