U.S. Justice Department announces task force to deter fraud, avoid ‘piling on’


WASHINGTON (Reuters) – U.S. Justice Department officials on Wednesday announced the establishment of an anti-fraud task force intended to deter fraud and coordinate investigations to avoid “piling on,” where multiple agencies probe the same alleged misconduct.

The task force brings together the Justice Department and U.S. attorneys offices, the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB) and Securities and Exchange Commission (SEC), said Deputy Attorney General Rod Rosenstein, who made the announcement along with the heads of the three agencies….



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