FBI may shift counterterror agents to anti-fraud

February 12, 2009 by SAF Desk  

WASHINGTON – With thousands of fraud investigations under way, the FBI is considering shifting agents away from counterterrorism work to help sort through the wreckage of the financial meltdown.

FBI Deputy Director John Pistole told the Senate Judiciary Committee on Wednesday that the bureau may reassign some of the positions that were reallocated to anti-terrorism work after the Sept. 11, 2001, attacks.

Such a move would be a further sign of the government breaking with the Bush administration’s priorities, which pledged to assign every available resource to averting another terrorist attack.

Pistole told Congress his investigators have 530 active corporate fraud investigations, and 38 of them involve some of the biggest names in corporate finance — cases directly related to the current crisis.
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