New DOJ task force to combat fraud



New DOJ task force to combat fraud

On July 11, the Department of Justice (DOJ) announced the establishment of a Task Force on Market Integrity and Consumer Fraud. President Trump signed an executive order establishing the task force on the same day.

The new task force will investigate and prosecute crimes of fraud committed against the U.S. government or the American people, recover the proceeds of such crimes, and ensure just and effective punishment of those who perpetrate crimes of fraud. These crimes include cyber-fraud; procurement and grant fraud; securities and commodities fraud; digital currency fraud; money laundering; health care fraud; tax fraud; and other financial crimes.

The task force will be led by the Deputy Attorney General, who serves as Chair, and the Associate Attorney General, who serves as Vice Chair, and will invite the participation of other U.S. government entities, including but not limited to the Departments of Treasury, Defense, Health and Human Services, and Homeland Security.

According to Deputy Attorney General Rod Rosenstein, “The President’s order directs the Task Force to invite participation from our law enforcement partners at many departments and agencies. By working together, we can achieve more effective and efficient outcomes. Drawing on our pooled resources, including subject-matter expertise, data repositories, and analysts and investigators, we can identify and stop fraud on a wider scale than any one agency acting alone.”

For more information about the Task Force, please follow the links below.
Department of Justice, Bureau of Consumer Financial Protection, U.S. Securities and Exchange Commission, Federal Trade Commission Announce Task Force on Market Integrity and Consumer Fraud, Department of Justice
Executive Order Regarding the Establishment of the Task Force on Market Integrity and Consumer Fraud, The White House
DOJ Announces New Task Force on Market Integrity and Consumer Fraud, The National Law Review

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