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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.

http://abcnews.go.com/TheLaw/Economy...6855179&page=1

who let the dogs out

Let's see how it all pans out.....

It's about fucking time.

Now we know at least ONE government agency on a hiring spree. The FBI will need the extra manpower given this new workload.

Also, Mortgage Fraud is on the upswing: http://www.latimes.com/business/la-f...,6384407.story

The investigation wont amount to shit.

Oh yeah good timing.

500 = # of investigations
217 = Million dollars wasted on the investigation / legal fees
0 = number of people that will end up in jail

Hope something good will come out of it

Quote:

Originally Posted by woj (Post 15481533)

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! :1orglaugh :1orglaugh

Quote:

Originally Posted by mozadek (Post 15481481)

The investigation wont amount to shit.

:2 cents::2 cents::thumbsup:thumbsup

Quote:

Originally Posted by $5 submissions (Post 15481136)

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.

Quote:

Originally Posted by woj (Post 15481533)

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.

Quote:

Originally Posted by woj (Post 15481533)

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