Federal Bureau of Investigation securities fraud is notified with associated request for federal arrest warrants. Securities and Exchange Commission is notified. President Barack Obama’s Financial Fraud Enforcement Task Force energized. United States Executive branch (White house) notified.
This action is in accordance with the charter of President Barack Obama’s Financial Fraud Enforcement Task Force. President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes.
a separate investigation of possible civil violations of the U.S. securities laws to ensue.
