Virginia Is For Lovers – Not Financial Fraudsters, Corrupt Officials

“No one can truly feel secure if they don’t have faith in our economy and our government,” according to Neil H. MacBride, U.S. Attorney for the Eastern District of Virginia. “Financial crimes have depleted people’s savings and taken away their homes, and holding those criminals accountable is critical to any economic recovery.” 

MacBride isn’t going to put up with that any longer. He’s just announced that he is expanding his office’s fraud unit by hiring three new fraud prosecutors and increasing its ability to prosecute financial fraud, including securities fraud, mortgage fraud, and potential fraud related to the American Recovery and Reinvestment Act (“ARRA”), the Troubled Asset Relief Program (“TARP”), and the Term Asset-Backed Securities Loan Facility (“TALF”) program.
 
Moreover, to help coordinate this effort, MacBride has named Charles Connolly to be the Deputy Chief of the Fraud Unit within the Alexandria Division. He also named Mark Lytle to be the district-wide Public Integrity Coordinator to expand the office’s ability to investigate and prosecute potential corruption by federal, state and local officials.