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Large Corporate Fraud Cases Likely to Number in the Hundreds, Says FBI Official
By Matt Squire
printThe U.S. Justice Department is investigating an undisclosed number of large corporations for fraud "not dissimilar" to Enron's accounting scandal in 2001, an FBI official said Wednesday. Of the bureau's 530 open corporate fraud investigations, 38 cases are directly tied to the country's widespread economic troubles, FBI Deputy Director John Pistole told member of the U.S. Senate Judiciary Committee during a panel Wednesday morning on better enforcement of mortgage fraud. "Those 38 are significant" and involve "corporate fraud and financial institution matters," said Pistole, during the hearing. "These are companies and businesses that everybody knows about. I can't comment on...
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