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Amount of Unpaid Federal Fines Up Sharply [View All]

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cynatnite Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-18-06 07:33 PM
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Amount of Unpaid Federal Fines Up Sharply
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The amount of unpaid federal fines has risen sharply in the last decade. Individuals and corporations regularly avoid large, highly publicized penalties for wrongdoing — sometimes through negotiations, sometimes because companies go bankrupt, sometimes due to officials' failure to keep close track of who owes what under a decentralized collection system.

snip:
_The government is currently owed more than $35 billion in fines and other payments from criminals and in civil cases, according to Justice Department figures. This is almost five times the amount uncollected 10 years ago — and enough to cover the annual budget of the Department of Homeland Security. A decade ago, Congress mandated that fines be imposed regardless of defendants' ability to pay, which has added tremendously to outstanding debt.

In 2004, federal authorities ordered $7.8 billion in 98,985 fines, penalties and restitution demands in criminal and civil cases, but collected less than half of that.

_White-collar crime cases account for the largest amount of uncollected debt. In a study, Government Accountability Office investigators found that just 7 percent of restitution in such cases is paid.

http://news.yahoo.com/s/ap/20060318/ap_on_bi_ge/unpaid_fines

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