The following excerpt is from U.S. v. Tannenbaum, 934 F.2d 8 (2nd Cir. 1991):
Rules governing venue and limitations serve distinct purposes. Statutes of limitations serve "to limit exposure to criminal prosecution to a certain fixed period of time following the occurrence of those acts the legislature has decided to punish by criminal sanctions. Such a limitation is designed to protect individuals from having to defend themselves against charges when the basic facts may have become obscured by the passage of time and to minimize the danger of official punishment because of acts in the far-distant past." Toussie v. United States, 397 U.S. 112, 114, 90 S.Ct. 858, 860, 25 L.Ed.2d 156 (1970) (emphasis added).
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