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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