Thursday, December 23, 2010

For accounting fraud FBI investigation involved the U.S. subprime mortgage crisis.

<P> U.S. Federal Bureau of Investigation (FBI) 29 announced that 14 companies are on the subprime mortgages that may exist in the accounting fraud, insider trading and other violations investigation. .U.S. subprime mortgage crisis has triggered turmoil in global financial markets, dragging down the U.S. economic slowdown. .</ P> <P> same day, the U.S. House of Representatives passed a total of 146 billion U.S. dollars in economic stimulus package, some of which funds will be used to help the Federal Housing Authority and Housing Finance giant stable mortgage market. .</ P> <P> 14 companies suspected of fraud </ P> <P> It http://finance. Hearing, FBI officials did not disclose the specific name of the 14 companies. ."Los Angeles Times" reports, these companies, including mortgage companies, investment banks, real estate companies, the subprime mortgage bonds and related organizations. .</ P> <P> FBI investigation for economic crimes, said Neil Powell, FBI is working with the U.S. Securities and Exchange Commission, the companies jointly investigate possible fraud. .</ P> <P> Powell said the investigation involved the operation of the subprime mortgage companies, and the issuance of subprime mortgage bonds, financial institutions, potential fraud. .In addition, the survey also include whether the use of false financial statements of the developer profits. .Subprime mortgage bonds as investors suffer huge losses banks are also under investigation as well. .</ P> <P> Powell said the subprime mortgage lender bankrupt some anomalous behavior caused by FBI attention, including the timing of executives selling shares, "We are investigating whether senior officials of these companies suspected of insider trading." .</ P> <P> dozens of subprime mortgage lenders filed for bankruptcy in 2007, including the famous New Century Financial Corporation. .</ P> <P> the U.S. Securities and Exchange Commission also confirmed that 40 departments have started from a case involving the subprime mortgage market survey. .</ P> <P> been investigating a number of well-known investment banks </ P> <P> Goldman Sachs Group, Bear Stearns, Morgan Stanley and other Wall Street investment banks, 29 were well-known that the Government investigators are banks about bank .involved in the subprime mortgage activities. .</ P> <P> Morgan Stanley said the U.S. and global financial companies involved in New Century Financial Corporation, Morgan Stanley as the number of subprime mortgages from the defendant in the case. .</ P> <P> day of global financial companies announced that due to the large number of borrowers unable to repay the company single-quarter loss than expected. .The largest U.S. mortgage lender, is facing a U.S. bank. .</ P> <P> In addition, the Swiss financial regulators last month announced that it will investigate the Swiss bank's investment sub-prime mortgage bonds caused huge losses. .The world's largest brokerage Merrill Lynch revealed that as early as last November, the Securities and Exchange Commission is investigating Merrill Lynch's subprime mortgage business. .</ P> <P>.

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