New York City is regarded by many as the informal business and finance capital of the U.S., and perhaps the entire world. For that reason, federal prosecutors in the U.S. District Court for the Southern District of New York have traditionally played a prominent role in prosecuting white collar crime in America.

Similarly, the Manhattan district attorney's office has a long tradition of prosecuting white collar cases under New York state law, and the New York state attorney general's office has followed suit.

It is by now a commonplace observation that today's U.S. Department of Justice has de-emphasized the prosecution of business crime in favor of other priorities — most notably, immigration law enforcement and the prosecution of ordinary street crime in select jurisdictions, such as Washington, D.C.[1]

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