View Full Version : Fraudsters will target stimulus funds...

07-14-2009, 10:14 AM
Kate Gibson, MarketWatch, 6/2/09


The Federal Bureau of Investigation is braced for a potential crime wave involving fraud and corruption related to bank bailout money and the economic stimulus package, FBI director Robert Mueller warned Tuesday.

"These funds are inherently vulnerable to bribery, fraud, conflicts of interest and collusion. There is an old adage, that where there is money to be made, fraud is not far behind, like bees to honey," Mueller told an afternoon gathering of business executives.

Law enforcement agencies faced a similar scenario after Hurricane Katrina, with a task force created in the wake of the 2005 storm so far convicting 246 people of fraud and other crimes related to relief funds in Mississippi and Louisiana, Mueller said.


Story here. (http://www.marketwatch.com/story/fbi-head-anticipates-new-wave-of-financial-fraud)

"Never let a good crisis go to waste.", Rahm Emanuel, Chicago thug...