CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Rules of Retirement Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

43 criminal investigations of Wall Street

The FBI says the total number of open corporate fraud investigations nationwide has also risen to 566.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Terry Frieden, CNN Justice Producer

What should the government do about AIG bonuses?
  • Tax them
  • Make AIG pay them back
  • Nothing, a contract's a contract

WASHINGTON (CNN) -- Criminal investigations of Wall Street continue to soar and now total 43, a top FBI official told Congress Friday.

A month ago FBI Deputy Director John Pistole testified the number of major investigations numbered 36. In testimony on Friday, Pistole told the House Financial Services Committee the FBI now has "43 corporate fraud and financial institution matters directly related to the current financial crisis."

Pistole also said the total number of open corporate fraud investigations nationwide has risen to 566 -- up from 530 when he testified last month.

The number of FBI mortgage fraud investigation has also continued to climb, from about 1,800 in Pistole's earlier testimony to "more than 2,000."

Appearing on a panel of federal law enforcement regulators and enforcers, Pistole told the panel headed by House Financial Services Committee chairman Barney Frank, D-Mass., that "increasing mortgage, corporate fraud, and financial institution failure case inventory is straining the FBI's limited white-collar crime resources."

Democrats and Republicans expressed sympathy and support for substantially increasing resources for law enforcement investigations aimed at combating financial crimes. To top of page

Features
Markets Last Change
Dow Jones 10,466.44 1.51 / 0.01%
Nasdaq 2,269.64 16.97 / 0.75%
S&P 500 1,120.59 2.57 / 0.23%
10-year Bond 96 30/32 Yield: 3.74%
U.S.Dollar 1 euro = $1.436 0.004
December 23, 2009 12:00 AM ET
CompanyPrice% Change
YRC Worldwide Inc 1.03 -9.65%
Gannett Co Inc 15.44 7.15%
Chiquita Brands International Inc 17.78 6.34%
Micron Technology Inc 9.93 5.53%
Dec 23 3:53pm ET †
More Galleries
Biggest losers: Where Americans aren't moving Through most of the decade Florida was one of the fastest growing states. But the sunny clime -- and 6 others -- lost more residents than they gained in the year ended July 1. More
8 hot cars: Class of 2000 In just 10 years, the market's changed a lot when it comes to cars. Where are these models now? The Prius became a hit; the Aztek got killed. More
Obama's Main Street favorites President Obama meets often with small business owners, peppering his speeches with their stories. We checked in with 6 entrepreneurs touted by the President to find out how they handle health care. More
Sponsors

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.