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FBI Continues Subprime-Related Probe

01/28/2008 By: Kerri Panchuk Printer Friendly View

The Federal Bureau of Investigations (FBI) confirmed Tuesday that its economic crimes unit is continuing its probe into 14 companies to answer questions related to possible valuation issues, inaccuracies and accounting practices that are related to subprime lending.
Neil Power, who serves as chief of the FBI’s economic crimes unit, told DSNews.com that with an investigation still pending, the bureau is not disclosing any of the companies’ names.


Author: Kerri Panchuk • Date: 01/28/2008

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