Sunday, January 11, 2009

White Collar Fraud Likely To Rise, Experts Say

Newseek published an article Friday suggesting that cases of White Collar Crime are likely to rise in these recessionary times. The article cites a survey conducted by Deloitte's Financial Advisory Group that nearly two-thirds of the 1,500 executives who responded to a poll said they expected more frauds to be uncovered as the economic downturn continues. The article also cites data from the last two economic downturns: in 1990, white-collar fraud arrests jumped 52% over the next two years; in 2000, arrests jumped 25% in the following two years.

In my own experience, I saw spikes in white collar cases in both the early 90's and during the early 2000's.

Read the whole story here.

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