A recent study from Syracuse University* indicates the number of criminal prosecutions for financial fraud is at a twenty year low. This is during, arguably, the largest and most systemic case of financial fraud in U.S. history. Countless reports and independent investigations have uncovered clear evidence of the intent to commit fraud by top executives at nearly every large financial institution in the U.S. and not a single criminal prosecution has been brought by the U.S. Justice department. The Securities and Exchange Commission has the ability only to bring civil cases against individuals and seek financial punishment. The Justice Department must use the Sarbanes–Oxley Act of 2002 as it was intended and bring criminals to justice.
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