Federal Bureau of Investigation Decreases White Collar Investigations
The FBI has released statistics showing a significant decrease in the amount of white collar crime investigations it has untaken in the past several years. Much of the agency's resources have been tasked to counter terrorism. This shift caused the assignment of over 1,800 FBI agents to the counter terrorism task force. This shift in policy is now changing. The FBI is now back in the business of prosecuting white colla crime.
In recent months the Federal Bureau of Investigation has launched over 1,500 mortgage investigations. This number will increase as the economy suffers from the mortgage crisis. Congress is now calling for an increase in the annual budget for the Bureau to investigate economic crime. This increase will create a large number of white collar federal indictments. These indictments will range from mortgage fraud, bank fraud, investor fraud, wire fraud, mail fraud and money laundering. The Bush administration began prosecuting business crime in the first term, but in the second term recommend that the Justice Department take a more friendly approach to business. This has brought about the decrease white collar crime prosecution. That trend is on its way out.
Anyone who has caused the downfall of any company will be held responsible for this down fall. Years ago this was the business judgment rule when a company went out of business or had significant losses. Now it is fraud. Defending a white collar indictment takes time and effort. The key to the defense is showing a defendant did not have the intent to defraud the company or anyone else in the indictment. Our white collar defense attorneys are experienced in defending federal indictments all over the country. Knowing the sentencing guidelines and how to limit a client's exposure and being a trial lawyer are key to a good defense.
Our Charleston criminal defense attorneys are happy to help with defending any federal indictment. Defending a mortgage fraud indictment is not for an inexperienced attorney. A good federal defense lawyer in South Carolina is what our office has and is willing to provide to your defense.
