I think 2000-2003 was just an extreme outlier in corporate malfience. Nowadays ,with technology rise of high tech and big retail, there hardly seem to be any noteworthy arrests. Businesses these days are so successfull and profitable, such as ads or intellectual property, no need to cheat and steal. Rather than outright fraud vcs get burned by overinflated expectations like wework.
And Sarbox was put in place partly in response. I won't argue that 1.) stuff doesn't still happen and that 2.) Sarbox doesn't add quite a bit of compliance overhead, but outright financial fraud is probably reduced from ~2000 considerably.
Obviously 2008 brought many examples of risk not being properly accounted for but that's mostly something different.
"Since the turn of the millennium, the prosecution of white-collar crime has plummeted—but this should not imply a surge in moralism among our leading capitalists. After the attacks of September 11th, the F.B.I. began to shift resources toward counterterrorism. Meanwhile, Republican lawmakers cut the budget of the Internal Revenue Service so sharply that it had the same number of special agents in 2017 as it had half a century earlier, even though the national population has grown by two-thirds."
To be fair, much of the IRS's work has been automated. Especially the submissions - the IRS no longer has to have people doing data entry. The computers automatically scan for red flags.
