Another US Attorney Enters The Financial Fraud Fray: Neil MacBride Forms A Task Force

Federal prosecutors in New York go after financial fraud with vigor. Now, it’s clear that the U.S. Attorney for the Eastern District of Virginia, Neil H. MacBride, will do so, too. MacBride (pictured), and federal officials including Robert Khuzami, Director of the SEC’s Division of Enforcement and Stephen Obie, the CFTC’s Acting Director of Enforcement for the Commodity Futures Trading Commission, have just announced the creation of the Virginia Financial and Securities Fraud Task Force. The task force’s mission is to “investigate and prosecute complex financial fraud cases in the nation and in Virginia.”

In a statement, MacBride said, “It has become all too clear that the complex financial crimes we confront are national in scope. They require criminal and civil authorities across the country to utilize every tool at their disposal to ensure that the guilty are held accountable. The Eastern District of Virginia has the legal authority to bring cases here with national significance, regardless of where the fraud occurs.”