Attorney General Eric Holder’s Department of Justice is pressing hard on financial fraudsters. The latest evidence of this was an indictment unsealed today in Alexandria’s federal court accusing the head of a Florida-based lending company of a $1.5 billion fraud scheme.
Be ready for a good number of these financial fraud cases to take root, and be prosecuted, in Virginia’s prominent federal court in Alexandria.
The court covers all of Northern Virginia, home to not only Freddie Mac, but also the Security and Exchange Commission’s EDGAR Management Office of Information and Technology. That’s where corporations file their quarterly and annual reports, which in turn gives U.S. Attorney Neil MacBride jurisdiction when those corporations commit fraud.
There’s also MacBride himself. As the Obama administration was gearing up its national financial fraud task force, it nominated MacBride to fill the vacant U.S. Attorney’s slot in Alexandria. He got the nod from Congress and brought with him a deep background in corporate criminal litigation.
