FBI Corporate and Securities Fraud Probes Up 47% From 2008
The FBI had more than 2,500 open corporate and securities fraud investigations as of Sept. 30, a 47 percent increase from fiscal year 2008, according to Director Robert Mueller.
The Federal Bureau of Investigation also had roughly 3,000 pending mortgage fraud investigations at the end of last fiscal year, up from 700 in 2005, Mueller told the Senate Judiciary Committee today.
“The FBI is pursuing those who commit fraud at every level, and is working to ensure that those who played a role in the recent financial crisis are brought to justice,” Mueller said in a prepared statement.
The Justice Department, of which the FBI is a part, is under pressure from some Democrats, including Representative John Conyers of Michigan, to prosecute those responsible for the 2008 market collapse.
To contact the reporter on this story: Seth Stern in Washington at sstern14@bloomberg.net
To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net
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