FBI Uses Triage to Shift From Terror to Madoff, Subprime Probes

The FBI has engaged in “triage,” taking agents off terror and other crimes to respond to a cascade of financial frauds such as the alleged Bernard Madoff Ponzi scheme, the head of the bureau’s New York criminal division said.

The FBI was forced to reallocate its manpower in New York to deal with recent frauds involving subprime mortgages, auction-rate securities and Madoff, who prosecutors said confessed this month to bilking investors out of $50 billion.

Read Full Article

Related Articles

Enhanced by Zemanta

Facebook comments:

Leave a Comment