Posts Tagged ‘economic crisis’

FBI Short in White-collar Crime Investigators

Monday, November 3rd, 2008

According to current and former bureau officials, the FBI is struggling to find enough agents and resources to investigate criminal wrongdoing tied to the country’s economic crisis.  The bureau slashed its criminal investigative work force to expand its national security role after the Sept. 11 attacks, shifting more than 1,800 agents, or nearly one-third of all agents in criminal programs, to terrorism and intelligence duties. The cutbacks have left the bureau seriously exposed in investigating areas like white-collar crime, which has taken on urgent importance in recent weeks because of the nation’s economic woes. The cutbacks have been particularly severe in staffing for investigations into white-collar crimes like mortgage fraud, with a loss of 625 agents, or 36 percent of its 2001 levels.