Utah has taken a unique step to battle financial fraud. It is the first state in the country to establish a white-collar felon registry for financial crimes.
The new registry will list individuals’ names, mugshots, any known aliases, physical descriptions and a list of the crimes for which they were convicted.
To become listed on the registry, the individuals will have to have been convicted of second-degree felony charges of securities fraud, theft by deception, unlawful dealing of property by a fiduciary, insurance fraud, mortgage fraud, communications fraud or money laundering, according to the Salt Lake Tribune. Their information will stay on the list for 10 years after one conviction, and another decade after a second. If someone is convicted three times, their data will remain on the list for their entire lifetime.
Read the original article in RT News.