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US Financial Fraud Grows Exponentially

July 21, 2009

By Clark Gascoigne

Clark Gascoigne is the Communications Director at Global Financial Integrity in Washington, DC.

The Economist published a chart today which shows a disturbing trend in American business.  Economist.com’s Daily Chart shows the number of “suspicious activity reports” which were reported to the Financial Crimes Enforcement Network (FinCEN) at the US Treasury Department for each year between 1997 and 2008.

I’ll let the graph speak for itself:

To read the Economist’s analysis, click here…

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