In the first major disclosure of corruption and fraud in the $750 billion federal bailout program, investigators said Monday that they have opened 20 criminal probes into possible securities fraud, tax law violations, insider trading and mortgage modification fraud.
Ultimately, fraud could run into the tens of billions of dollars. The risk of those kinds of criminal activities is growing as the bailout becomes bigger and more complicated...
[Seriously, who didn't see this coming?]
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Wednesday, April 22, 2009
Bailout fraud cases emerge
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