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DealBook: U.S. and States Prepare to Sue S.&P. Over Mortgage Ratings

Standard & Poor's

The Justice Department and state prosecutors plan to file civil charges against Standard & Poor’s Ratings Service, accusing the firm of fraudulently rating mortgage bonds that led to the financial crisis, people briefed on the plan said.

 

U.S. adds muscle to financial fraud investigations

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.

 

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