U.s. Adds Muscle To Financial Fraud Investigations

WASHINGTON (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.

RELATED ARTICLES
  • Portman among 47 GOP senators to sign letter to Iran
    WASHINGTON — In a move Democrats denounced as trying to sabotage the Obama administration’s foreign policy, Sen. Rob Portman and 46 other Senate Republicans yesterday warned Iran’s leadership that any agreement to limit Tehran’s apparent efforts to build a nuclear bomb would need Senate approval to stay in effect beyond 2016. More
  • Feds in NYC: Hackers Stole $45M in ATM Card BreachFeds in NYC: Hackers Stole $45M in ATM Card Breach
    A gang of cyber-criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said Thursday. More
  • Man who faked his way into cockpit pleads guilty to fraud
    The man who conned his way into the cockpit of an US Airways flight in March pleaded guilty Wednesday in Philadelphia to one count of fraud in connection with an identification document. More
  • Six politicians plead not guilty in alleged NYC mayor's race plotSix politicians plead not guilty in alleged NYC mayor's race plot
    New York State Sen. Malcolm Smith and five other politicians pleaded not guilty Tuesday to corruption charges in connection with an alleged plot to buy a line on New York City's mayoral ballot. The allegations revived public concerns about a documented culture of exploitation in Albany that has prompted officials to seek legal recourse to induce change. More
  • Banks Revive Risky Loans and Mortgages
    Investments that were vulnerable in the last financial crisis and believed to be gone for good have largely escaped new rules that were made to prevent another crisis. More
BING NEWS:
  • Scam Targets Lenders, U.S. Export-Import Bank
    ... Monday before U.S. District Judge Joan Lenard to wire fraud and fraud and money-laundering conspiracy. Sanchez-Badia reportedly ran the scam from 2007 to 2012 by duping financial institutions into purchasing fake accounts receivables. Fake invoices ...
    03/22/2016 - 1:00 pm | View Link
  • Why the Housing Rebound Hasn’t Lifted the U.S. Economy Much
    Meanwhile, cash-out refinances, which let homeowners take out a new mortgage and tap some of the home’s value at the same time, were up 48% in the three months ended in August from the year-earlier period, according to Black Knight Financial Services.
    11/22/2015 - 7:26 am | View Link
  • U.S. warns G7 of global economy 'accident' without Greece deal
    BUDGETS Trying to show that Greece had not dominated their meetings, G7 officials said they had discussed ways to finally put behind them the financial crisis of 2007-09. Canada and Germany renewed their calls for countries to focus on bringing down their ...
    05/29/2015 - 7:25 am | View Link
  • Judge can't lift secrecy on U.S. Steel-Canada deal
    They argued that without complete knowledge of the company's financial affairs, they are at an unfair advantage in trying to protect the rights of workers and retirees in restructuring negotiations. In his ruling, Wilton-Siegel said he has some sympathy ...
    05/20/2015 - 10:35 am | View Link
  • Obama, Modi work to deepen improving U.S.-India ties
    U.S. President Barack Obama and Indian Prime Minister Narendra Modi agreed on Tuesday to deepen U.S.-Indian cooperation on maritime security to ensure freedom of navigation in what amounts to a response to China's naval muscle-flexing in the Asia-Pacific.
    09/30/2014 - 11:01 am | View Link
  • More
BING SEARCH:
  • U.S. News | National News
    ABC News reports on United States politics, crime, education, legal stories, celebrities, weather, the economy and more
    05/23/2016 - 12:06 pm | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    05/21/2016 - 12:05 am | View Website
  • Business News | KansasCity.com & The Kansas City Star
    The Kansas City Star newspaper and KansasCity.com in Kansas City, MO bring you Business news stories and articles.
    05/20/2016 - 10:53 pm | View Website
  • Rotten to the Core: Bob Jensen's Perspectives on Fraud
    Recent Financial Reporting and Disclosure Initiatives. Initiative to Address Improper Earnings Management Rules Governing Independence of the Accounting Profession
    05/20/2016 - 4:20 pm | View Website
  • Today's Stock Market News and Analysis
    Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more.
    05/20/2016 - 1:53 am | View Website
  • More

Comment On This Story