Washington Announces New Financial Crimes Enforcement Unit

The federal government announced in January its new federal financial crimes enforcement unit, consisting of federal prosecutors, FBI agents, and analysts to conduct investigations into home mortgage fraud and abuses that played a part in the economic recession which began in 2008. These officials will work with state law enforcement in an information-sharing collaboration aimed at investigating the financial services industry. The beefing up all these resources for criminal investigations is expected to lead to an increase of federal prosecutions in mortgage fraud, securities fraud, bank fraud, and investment fraud.

Under the new unit, 11 financial institutions have been subpoenaed recently, with promises of more by the federal government to follow. Citibank recently agreed to a $158.3 million settlement against civil claims that it defrauded the government in insuring risky home mortgages. According to the federal government’s case, such loans should never have been transacted, insured, or sold. This case further points up the aggressive federal stance being taken on actions and behaviors which led to the current recession.

New York Federal Criminal Defense Attorney

Being pitted against persistent and aggressive federal prosecutors in a criminal case is a very serious matter. As evidenced by the above information, a federal crimes case led by federal prosecutors is one conducted with the full resources, backing, and determination of the federal government. A long and dedicated investigation by the FBI often leads to federal criminal charges. Of all criminal charges, those that allege violations against federal law impose the severest penalties. Which is why, if you are charged with a federal offense, you need an equally tough, skilled, and tenacious attorney protecting your rights and building your defense.

At the law firm of Brian D. Perskin & Associates, you will find a New York federal criminal defense lawyer who has federal law experience that you can count on. With the help of this seasoned law firm, you can be confident that your case is being managed with the utmost care and attention to detail that is needed at the federal level. If you are facing a federal criminal charge, don’t delay in scheduling a consultation with one of their attorneys as soon as possible.

Contact a New York federal criminal defense attorney today.