White Collar Crimes

485 Fraudster arrested U.S. Financial Sector

 United States officials said they had detained 485 people involved mortgage fraud. This effort is the largest in the history of the eradication of fraud surrounding the U.S. housing credit. The statement the Department of Justice in Washington, United States. Credit chaos housing sector became the main trigger of the U.S. economic crisis in September 2008, which then spread throughout the world. Eradication codenamed "Operation Dream is stolen" that involve multiple agencies and institutions in the U.S., including the Federal Bureau of Investigation (FBI). So far the operation has handled 336 cases since the beginning 1 March 2010. Fraud scheme carried out a variety. The inquiry has produced criminal suspects in 1215 with a total 3.2 billion dollars in losses. "Mortgage-related fraud destroys lives, families, and communities as a whole. So, parse the issue from various sides of an important job," said U.S. Attorney General Eric Holder.

FBI says crime report fraudulent activity rose 5 percent in fiscal year 2009, the crisis does not change the mode of fraud. The FBI also increase personnel in handling this case from 1200 in fiscal year 2007 to 3000 people in 2010. Fraud housing is very diverse, with banks or home buyers to make an offering. However, the modus more varied this year, including the cost of economic stimulus from the government. The fraudsters are also involved in home foreclosures and tax-related crimes, as the FBI admits. FBI Director Robert S. Mueller III, said his agent further enhance the supervision and conduct undercover operations to uncover more than 3000 cases of housing fraud. Besides the FBI, more than 20 federal agents who were members of the Task Force for law enforcement financial fraud, which formed the government Barack Obama, then November, undercover to investigate cases of national financial. Fin Cen, one unit of the Ministry of Finance and member of the task force, announced separately that they also are dealing with home foreclosure cases, by the swindler who took place in 2009. More than 3500 reports were collected from 2004 through 2009. 

Involving Large Bank 

They not only investigate individual cases, law enforcement authorities are also investigating the giant mortgage company. U.S. authorities also arrested Lee Farkas, a former leader of a housing finance company credit provider in Florida. He has been accused of cheating for seven years and billions of dollars have contributed to the collapse of a major bank, Taylor Bean & Whitaker Mortgage Corp..This case represents the largest case experienced by a bank. Farkas and his colleagues started fraud by absorbing funds from Ocala Finanacing, which also receives major funding from the bank of international caliber, such as Deutsche Bank and BNP Paribas.