Corporate Fraud Group Touts $2B In Fines, Recoveries

Law360, New York (October 26, 2007, 12:00 AM EDT) -- The U.S. Department of Justice said on Thursday that the President's Corporate Fraud Task Force has netted over $2 billion in fines and restitution for commodities fraud since its founding in 2002, including over $430 million for energy market manipulation and $400 million for hedge fund and commodity pool market-related fraud.

The DOJ said in a press release that the Task Force has been responsible for “at least” 165 criminal indictments and more than 275 civil enforcement actions, resulting in fines and restitution payments amounting to...
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