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How the FBI Investigates White-Collar Crime

White-collar crimes are typically nonviolent, but they are characterized by deceit, concealment, and violation of trust that can have far-reaching consequences. The U.S. Department of Justice's Federal Bureau of Investigation (FBI) probes allegations related to fraud, theft, or embezzlement within the financial community. Each year the FBI issues a Financial Crimes Report, detailing their activities and findings regarding white-collar crimes in the United States.

The Financial Crimes Section (FCS) of the FBI focuses on several priority areas, including:

• Corporate fraud
• Securities and commodities fraud
• Health care fraud
• Financial institution fraud
• Mortgage fraud
• Insurance fraud
• Mass marketing fraud
• Money laundering

In fiscal year 2009, FBI investigations uncovered many cases of fraud in each of these areas. With the recent financial crisis, corporate fraud, securities and commodities fraud, financial institution fraud and mortgage fraud have been much in the news. In 2009, there were nearly 600 cases of corporate fraud, over 1,500 cases of securities and commodities fraud, and more than 2,500 cases of mortgage fraud being investigated by the FBI.

If you have any questions about how you can defend yourself from allegations of financial crimes, contact Bamieh & Erickson PLC today at 1-805-643-5555. Call now.

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