WASHINGTON (AP) -- The FBI says its probes of corporate criminals led to 241 convictions and $2.4 billion in restitution for financial victims last year as agents went after insider trading and other investment crime that defrauded thousands.
For other types of financial crime, the bureau said Monday that it obtained 1,082 convictions and $1.38 billion in restitution from mortgage fraud criminals, and 429 convictions and $1.38 billion in fraud cases against financial institutions. It also secured 736 convictions and obtained $1.2 billion in restitution from health care fraud criminals.
Following the collapse of the subprime mortgage market in 2007, the FBI says it is continuing to place special emphasis on investigating corporate fraud involving subprime lending institutions, brokerage houses, home-building firms, hedge funds and financial institutions.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.