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Old 02-11-2009, 07:22 PM   #1
Ethersync
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:stop The FBI has opened investigations into more than 500 cases of alleged corporate fraud

Something I think we can all agree is good!

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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.
http://abcnews.go.com/TheLaw/Economy...6855179&page=1
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Old 02-11-2009, 07:29 PM   #2
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who let the dogs out
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Old 02-11-2009, 07:29 PM   #3
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Let's see how it all pans out.....
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Old 02-11-2009, 07:32 PM   #4
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It's about fucking time.
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Old 02-11-2009, 09:45 PM   #5
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Now we know at least ONE government agency on a hiring spree. The FBI will need the extra manpower given this new workload.
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Old 02-11-2009, 10:01 PM   #6
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Also, Mortgage Fraud is on the upswing: http://www.latimes.com/business/la-f...,6384407.story
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Old 02-11-2009, 10:11 PM   #7
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go get them
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Old 02-11-2009, 10:17 PM   #8
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good.....
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Old 02-11-2009, 11:06 PM   #9
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Nice work guys..
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Old 02-11-2009, 11:20 PM   #10
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The investigation wont amount to shit.
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Old 02-11-2009, 11:39 PM   #11
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Oh yeah good timing.
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Old 02-11-2009, 11:52 PM   #12
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500 = # of investigations
217 = Million dollars wasted on the investigation / legal fees
0 = number of people that will end up in jail
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Old 02-12-2009, 07:27 AM   #13
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Hope something good will come out of it
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Old 02-12-2009, 07:39 AM   #14
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500 = # of investigations
217 = Million dollars wasted on the investigation / legal fees
0 = number of people that will end up in jail
AMERICA..... FUCK YEA! COMING AGAIN TO SAVE THE MOTHER FUCKING DAY!
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Old 02-12-2009, 08:01 AM   #15
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The investigation wont amount to shit.
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Old 02-12-2009, 08:14 AM   #16
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Originally Posted by $5 submissions View Post
Now we know at least ONE government agency on a hiring spree. The FBI will need the extra manpower given this new workload.
That is true. They are on a hiring spree right now.
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Old 02-12-2009, 02:36 PM   #17
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Originally Posted by woj View Post
500 = # of investigations
217 = Million dollars wasted on the investigation / legal fees
0 = number of people that will end up in jail
One side benefit all this is trying to achieve is to scare other corporate players straight.
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Old 02-12-2009, 02:49 PM   #18
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500 = # of investigations
217 = Million dollars wasted on the investigation / legal fees
0 = number of people that will end up in jail
after reading about fema's 'icecapade', money well wasted
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