U.S. adds muscle to financial fraud investigations

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U.S. adds muscle to financial fraud investigations

U.S. adds muscle to financial fraud investigations

They had the chance and all the evidence was/is still there. They’re most likely trying to beat the public before anymore fraud comes out. Also elections are right around the corner.

Reuters-

An Obama administration task force probing misconduct that fueled the financial crisis is increasing its ranks, adding five financial analysts and 10 new federal prosecutors spread across the country, according to a senior Justice Department official.

The increased staffing reflects a new push by the administration to aggressively pursue cases against firms and individuals who contributed to the 2007-2009 financial crisis, especially ahead of the November election.

The U.S. Justice Department has so far brought few cases against high-profile targets since the crash.

The department closed criminal investigations without bringing charges against firms whose names are closely tied to the 2008 crash, including AIG and Countrywide.

[REUTERS]

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CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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2 Responses to “U.S. adds muscle to financial fraud investigations”

  1. Faith says:

    Obamas campaign is starting to see they will have trouble unless some bank heads roll.
    We need to apply lots of pressure folks.

  2. Ken Hansen says:

    I wish I had more faith then you, I see Obama as being surrounded and funded by the very same people who need to be investigated.

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