WASHINGTON - Gerald M. Stern bested Charles Keating, Don Dixon, and Swaleh Nagvi. But after five years of prosecuting crooks, the Justice Department's special counsel for financial-institutions fraud closed down his office last week.

Mr. Stern's unit defeated almost all of its 6,405 defendants - one of the largest prosecution efforts in the department's history - convicting 97.5% of the officers and directors and 95.1% of the chief executives and presidents charged with financial fraud.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.