Saturday, October 07, 2006


Turning A Blind Eye To Corporate Crime

Below is a link to a small item published last month. It states that, although the number of SEC agents investigating financial malfeasance has increased from 981 to 1,232 from 2001 to 2005, the prosecution of white collar crimes has actually decreased 28 percent. The number of FBI agents investigating such crimes has also decreased - from 2,385 in 2000 to 1,882 in 2004.

Most agree that white collar prosecutions have declined because of the shift in focus to the War on Terror since 9/11. The prosecution of terrorism cases has risen, and the prosecution of immigration violations in general has soared dramatically, to more than 30,000 cases a year. Some experts believe that the Justice Department is "turning a blind eye" to white collar crime, and imply that we need to watch for it especially closely because it is much easier to steal vast sums of money than it is to commit violent acts.

Bush's War on Terror may be good for America, but it is particularly good for American businessmen without scruples.

"White Collar Crime Ignored? from Free Market News Network

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