FBI is investigating hypothec crisis
31 January 2008FBI together with the Securities and Stock Exchanges Commission (SEC) there has begun investigation concerning 14 companies suspected in swindle in high risk mortgage sphere. Such large financial organizations, as Morgan Stanley, Goldman Sachs and Bear Stearns have been already checked by US control bodies.
US federal bureau of investigations makes checks concerning 14 companies which are suspected of fulfillments of the financial crimes connected with operations in high hypothec credits sphere.
The basic infringements, revealed by FBI, include granting credits to unreliable borrowers, falsification of the accounting reporting and inside trade information.
FBI representatives say that the agency closely cooperates with SEC, which independently conducts even about 30 investigations connected with low-risky mortgage.
Both departments have refused to name the concrete companies suspected of similar crimes.
According to FBI, in the USA the quantity of cases in hypothec mortgages swindle has grown up to 1,21 thousand in 2007 in comparison with 436 cases in 2003.
