Bank and Thrift Criminal Fraud:

Information on Justice's Investigations and Prosecutions

GGD-93-10FS: Published: Oct 5, 1992. Publicly Released: Oct 23, 1992.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO reviewed the Department of Justice's investigations of criminal bank and thrift fraud, focusing on: (1) the recorded number of prosecutions and the number of investigations and cases that U.S. Attorneys declined to proceed with; (2) the amounts of fines and restitution that the government collected; and (3) the adequacy of Justice's resources.

GAO found that: (1) Justice activity against criminal misconduct involving banks and thrifts has increased over the past several years, as it has applied more resources to investigations and prosecutions; (2) Federal Bureau of Investigation (FBI) investigations into criminal bank and thrift fraud have increased significantly; (3) Justice has indicted and convicted an increasing number of individuals for major frauds; (4) U.S. Attorneys have declined to proceed with a large number of investigations and cases over the same period; (4) Justice's Special Counsel for Financial Institutions Fraud stated that the percentage of U.S. Attorney declinations reflects the changing emphasis given to major cases; and (5) Justice recognizes that the information it has on fines and restitution is not complete.

Sep 23, 2015

Sep 15, 2015

Jun 29, 2015

Jun 19, 2015

May 28, 2015

Apr 29, 2015

Mar 23, 2015

Mar 16, 2015

Mar 4, 2015

Feb 23, 2015

Looking for more? Browse all our products here