A Sign Of The Times: Manhattan D.A. Creates Major Economic Crimes Bureau To Fight Financial Fraud

As one of his first major decisions since taking over as Manhattan District Attorney from long-time incumbent Robert Morgenthau, Cyrus Vance, Jr. (pictured) has created a Major Economic Crimes Bureau for the purpose of combating complex economic crime.  Richard Weber, currently the Chief of the Asset Forfeiture and Money Laundering Section (AFMLS) of the United States Department of Justice, will be chief of the new group.

The Major Economic Crimes Bureau will be responsible for all manner of complex financial investigations, including:
·                     securities, commodities, and investment fraud
·                     mortgage fraud and financial institution fraud
·                     commercial bribery and kickbacks
·                     bank fraud
·                     structured investment schemes
·                     internet fraud
·                     international money laundering and terror financing