02-11-2009, 07:22 PM
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Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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The FBI has opened investigations into more than 500 cases of alleged corporate fraud
Something I think we can all agree is good! 
Quote:
The FBI has opened investigations into more than 500 cases of alleged corporate fraud, including 38 that involve major firms and are "directly related" to the national economic crisis, FBI Deputy Director John Pistole told Congress today.
The surge in white-collar investigations is putting such a strain on the FBI that Pistole said the bureau is considering reassigning agents from national security, which has been the bureau's priority since the 9/11 attacks.
"The FBI has more than 530 open corporate fraud investigations, including 38 corporate fraud and financial institution matters directly related to the current financial crisis," Pistole told the Senate Judiciary Committee today.
The 38 companies, he said, "are significantly large companies, businesses everyone knows about but I cannot comment publicly."
Pistole's comments suggested widespread criminal activity among many of the nation's corporate giants.
"These are significantly large, similar to Enron," Pistole said. The number of firms under scrutiny could eventually top 100, as the investigations widen, he said.
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http://abcnews.go.com/TheLaw/Economy...6855179&page=1 |
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