FBI expects number of major financial bailout fraud cases to rise

[Iwillnevergiveup]

Looks as if the FBI has LOTS of job openings.


Investigations will focus on big-name companies and the cases are likely to be similar in scope and complexity to that of failed energy giant Enron, Deputy Director John Pistole tells a Senate panel.
By Josh Meyer
7:50 PM PST, February 11, 2009

Reporting from Washington -- Despite an expected wave of fraud in the trillion-dollar bailout that aims to stop the ongoing financial meltdown, federal law enforcement officials told Congress on Wednesday that they have nowhere near the level of resources to combat it.

Top FBI and Justice Department officials said they believed mortgage fraud and other types of corporate criminal behavior has contributed to the economic tailspin. And they said they already have more than 2,300 open investigations into suspected illegal financial activity -- including 38 probes specifically linked to the crisis.

http://www.latimes.com/news/nationworld/nation/la-na-fraud12-2009feb12,0,3435565.story

[Iwillnevergiveup]

1. So disheartening.....

so many will walk away scott free and with so much money.:mad: