‘Most aggressive’ in US: Utah creates white-collar crime registry to rein in fraud
RT.com
24 Mar, 2016
In an attempt to combat high levels of fraud, Utah has taken inspiration from the sex offender list, becoming the first state in the US to establish a white-collar felon registry for financial crimes.
An early version of the list has been online since February, and it already contains more than 100 people who were convicted of crimes such as tax, credit card or insurance fraud, the Wall Street Journal reported. This makes the state “the most aggressive jurisdiction in the country when it comes to publicly shaming financial criminals.”
The registry features individuals’ names, mugshots, any known aliases, physical descriptions and a list of the crimes they were convicted of. Utah is the first state to create such a registry, and it stands in contrast to the policy of the Securities and Exchange Commission, which does not publicize the identities of fraudsters.
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