As more and more aspects of American life center around online activities, authorities are becoming increasingly concerned about cyberfraud. Facebook's security team has led the way on private efforts to protect its users. In a groundbreaking move, the massively popular social network joined forces with the FBI to identify a group of suspects from around the world.
With the massive resources available to the FBI and Department of Justice, it should come as no surprise that federal authorities are opening a big new door in their search for fraud cases. Reuters is reporting that the FBI is focusing a new investigative effort on Twitter and other social networks.
When authorities decide to prosecute large financial crimes cases, they come prepared to win. Another case ended this week when a defendant changed her original plea - she now admits to taking money while working as comptroller for a small town.
Miami and South Florida remain a central focus area in the FBI's war against healthcare fraud. A new press release from the FBI explains how it has relied on well-funded multi-office task forces to investigate and prosecute defendants here in Miami. That approach is working so well here that the authorities are expanding around the nation with similar teams.
The government is focusing renewed attention on a specific type of tax fraud, arresting over 40 people around the country last week. Many of the defendants are from Miami and other cities around South Florida.
Federal authorities had a busy two weeks. In addition to the 92 defendants charged in a $432 million healthcare fraud bust last week, the government is now pursuing 530 people for mortgage fraud. The government claims that these defendants cost 73,000 homeowner victims around $1 billion.
The FBI frequently issues informative bulletins to explain its investigative work. This month it returned to a 2011 mortgage fraud prosecution from the Miami area. The FBI says this case "illustrates" mortgage fraud prosecutions.