New NY Civil Fraud Unit To Combat Financial Frauds

Law360, New York (April 1, 2010, 1:03 PM EDT) -- The U.S. attorney’s office in Manhattan has founded a civil fraud unit that will attempt to sniff out large-scale financial fraud, including fraud stemming from bailout and recovery packages.

Preet Bharara, the U.S. attorney for the Southern District of New York, announced the new Civil Frauds Unit in a statement Wednesday, explaining that it will work in tandem with the Criminal Division’s recently established Complex Frauds Unit.

The Civil Frauds Unit will focus on investigating sophisticated financial frauds including health care fraud, mortgage fraud, pharmaceutical fraud,...
To view the full article, register now.