FBI Investigates Four Major U.S. Financial Institutions
Robert Mueller, FBI Director, just last week put the number of large financial firms under inve
stigation at 24. None of the companies under investigation were named but said the FBI also was looking at whether any of them have misrepresented their assets.
The FBI has opened a wide-ranging probe of companies across the financial services industry, from mortgage lenders to investment banks that bundle home loans into securities sold to investors, over the past year as the housing market cratered. Mueller has previously said the FBI's hunt for culprits in the nation's subprime mortgage crisis focused on accounting fraud, insider trading, and failure to disclose the value of mortgage-related securities and other investments.
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