Prosecutions of individual corporate criminals can, in fact, be successful—and are critical for attaining justice.
Federal prosecutors have made a subtle but important shift over the last 30 years to prosecuting companies and institutions.
Alternative priorities and government ties to the conditions that caused the financial crisis could explain the lack of prosecutions.
The DOJ has excused the failure to prosecute high-level individuals for fraud on one or more of three grounds.
If the Great Recession was caused by fraud, the failure to prosecute those responsible is an egregious failure.