U.S. adds muscle to financial fraud investigations


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.


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.


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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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