Associated Press (02/01/08); Song, Jaymes
U.S. Federal Bureau of Investigation Director Robert Mueller says the agency is aggressively investigating allegations of mortgage and accounting fraud, insider trading and other unscrupulous practices at 14 as-of-yet unnamed companies that underwrite subprime mortgages or securitize them for sale to investors. He believes the investigations and the resulting prosecutions will be similar to those undertaken during the savings and loan crisis and recent corporate accounting fraud cases. An agency spokesman reports an increase in the number of open mortgage fraud cases to 1,210 today from 800 last year.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment