Bloomberg Law
Oct. 23, 2015, 4:00 PM UTC

Has It Become Impossible to Prosecute White-Collar Crime?

Bloomberg Media

By Sheelah Kolhatkar, Bloomberg News

For close watchers of the interactions between the Justice Department and the financial industry, the mistrial in the Dewey & LeBoeuf case was about more than just the fact that a handful of jurors were too overwhelmed by the evidence presented to reach a verdict. The mistrial, after four months in court and 22 days of deliberations, hints at a much deeper problem: Perhaps most financial crime has reached a level of such complexity that it’s beyond the reach of the law.

Since the financial crisis sent the economy into a spiral, leading to millions of lost jobs ...

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