The Justice Department’s National Fraud Enforcement Division has now released its first comprehensive enforcement strategy.
Assistant Attorney General Colin McDonald circulated the memo on Thursday to all Fraud Division personnel, highlighting five focus areas: public trust, health care fraud, internal revenue scams, global trade subversion, and corporate misconduct.
‘For too long, lax oversight allowed bad actors — often foreign nationals — to exploit these programs for personal enrichment at the expense of hard-working Americans and their financial security.’
Trending: Trump loses Karoline Leavitt to motherhood — or was it something else?
President Donald Trump announced the division in January and formally launched it in April after Somali fraud scams began to dominate headlines and highlight the staggering costs of fraud. The Government Accountability Office puts annual losses from fraud somewhere between $233 billion and $521 billion.
McDonald called the numbers
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!