The Obama administration yesterday announced the formation of a multi-agency task force that will investigate and prosecute “significant” financial crimes and civil violations tied to the financial crisis and the government’s economic recovery programs.
The task force, which will convene for the first time within 30 days, was announced at a noon press conference by Attorney General Eric Holder Jr., along with Treasury Secretary Timothy Geithner, Securities and Exchange Commissioner director of enforcement Robert Khuzami, and Housing and Urban Development Secretary Shaun Donovan. It will include senior officials from more than 23 federal departments and agencies, including the Internal Revenue Service’s criminal investigation unit, according to the president’s executive order.
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