White-Collar Crime Increases In St. Louis
ST. LOUIS (KMOX) – There has been an increase in the number of white-collar crimes prosecuted in the St. Louis area so far this year, but that doesn’t mean more are being committed.
U.S. Attorney Richard Callahan says the number of cases does not vary much from year-to-year, but the St. Louis trend ranks high compared to the rest of the nation.
Callahan tells KMOX News the 10 percent increase in prosecutions this year is a mix of bank fraud, embezzlement and public corruption. He says despite the increase this is a typical year because when the feds do one action, it is at the expense of another.
“When our charges and trials are up a little more, we have less time to work on the investigations,” Callahan says. “So, the investigations will suffer.”
Callahan says people often think they are going to be able to eventually return the money they stole from a bank, employer or clients without anyone noticing, but getting caught is inevitable.
“In the area of white-collar crime, there is always a paper trail,” he says.
Losing money at the casinos and substance abuse are the primary drivers behind white-collar crime in the St. Louis area, according to Callahan.