Sunday, July 22, 2012

Financial Services Fraud Crackdown: Prosecutors, regulators close to making Libor arrests | Reuters

The SEC and Several Government Agencies Are Cracking Down on Financial Services Fraud That May Send Bankers, Brokers, and other Financial Services Professionals to Jail and Allow SEC Bounty Action Whistle Blowers That Act Quickly to Reap Large Financial Rewards by Texas Bank Fraud Whistle Blower Lawyer and Texas Broker Fraud Whistle Blower Lawyer Jason S. Coomer

The SEC is offering large financial rewards to encourage bankers and financial services professionals with knowledge of financial services fraud, investment fraud schemes, insider trading, false accounting schemes, stock manipulation schemes, and other SEC violations, to expose fraud and corruption.  These rewards are only available to whistle blowers that are the first to properly expose the fraud.  These whistle blowers will need to act quickly as the SEC and other government agencies are moving forward with several high profile investigations and arrests that may reveal the fraud. 

Exclusive: Prosecutors, regulators close to making Libor arrests | Reuters

"Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the individuals under suspicion to notify them that criminal charges and arrests could be imminent, said two of those sources who asked not to be identified because the investigation is ongoing."

"Defense lawyers, some of whom represent individuals under suspicion, said prosecutors have indicated they plan to begin making arrests and filing criminal charges in the next few weeks. In long-running financial investigations it is not uncommon for prosecutors to contact defense lawyers for individuals before filing charges to offer them a chance to cooperate or take a plea, these lawyer said."

New York and Connecticut probing banks over Libor manipulation

"New York Attorney General Eric Schneiderman has launched a probe into possible manipulation of the Libor benchmark international lending rates by global banks, his spokesman said on Sunday.
Schneiderman, along with Connecticut's Attorney General George Jepsen started the investigation six months ago into the possible rigging of Libor, the London interbank offered rate, New York Attorney General spokesman James Freedland told Reuters."

"The U.S. Justice Department is also building criminal cases against several financial institutions and their employees related to the manipulation of interest rates, The New York Times reported on Saturday.  The Times said cities, states and municipalities in the United States were trying to determine whether they suffered loses due to rate manipulation and some had filed suit. Given the broad scope of the Libor case and the number of institutions thought to be involved, the investigations could provide authorities with a "signature moment" to hold big banks accountable for misdeeds during the financial crisis, which hit global markets from late 2007, the newspaper said."

Texas Financial Services Whistle Blower Lawyer and Texas Banker Whistle Blower Lawyer Jason S. Coomer Works With Financial Services Professionals to Confidentially Evaluate SEC Whistleblower Bounty Actions and Protect Financial Services Whistle Blowers From Retaliation

Texas Bank Fraud Whistle Blower Lawyer and Texas Broker Fraud Whistle Blower Lawyer, Jason S. Coomer, works with financial services professionals who want to confidentially blow the whistle on securities fraud, investment fraud, SEC violations, and other forms of financial fraud.   By working with a financial fraud whistle blower lawyer, these financial fraud whistle blowers can confidentially evaluate their SEC whistle blower bounty action and protect their career.  If you are aware of securities fraud or other financial fraud and need more information on this topic,  please feel free to contact Texas Bank Fraud Whistleblower Lawyer and Texas Broker Fraud Whistleblower Lawyer Jason Coomer via e-mail message  or go to the following web pages: International Financial Services Whistle Blower Lawsuit Information or SEC Whistle Blower Incentive Program Lawsuit Information

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