White collar crime prosecutions in August have dropped nearly 20 percent in the past five years and nearly three percent since 2007, according to government data compiled by a Syracuse University organization.
The U.S. Justice Department revised guidelines on prosecuting corporate wrongdoers Thursday, following pressure from lawmakers and businesses that said it had overzealously pushed companies to waive their attorney-client privileges.
The Justice Department issued a memo on March 7 outlining principles that prosecutors should use when assigning monitors for deferred prosecution agreements. The department came under fire for awarding a $25 million monitoring contract to a firm run by former Attorney General John Ashcroft.
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