Wednesday, February 11, 2009

Company fraud directly related to the financial crisis

In an ABC News article they report that 500 cases of corporate fraud directly relate to the current financial crisis. Of these 500 cases, 38 are major firms.

"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," FBI Deputy Director John Pistole stated.

For more on the story, read ABC News.

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