FBI investigating 14 companies for mortgage fraud - CNN.com: "'On insider trading, we're looking in some cases at whether executives were aware that the value of their holdings would be going down and the executives traded on that information,' said Power.
'On accounting fraud, we're looking at housing developers who may have reported cash reserve accounts to reflect falsely inflated values,' he told CNN."
The article says the FBI only investigates cases involving a loss of $500k or more. And, no, the FBI won't say who they're investigating right now.
Tuesday, January 29, 2008
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