White collar financial crime wave sweeping across US

There’s no shortage of work for Grupe and his team. Mortgage fraud is on the rise, as are bogus job counseling services and frauds conducted over the Internet. Since the financial crisis erupted in 2008, the FBI’s 1,000-agent New York office has tripled its mortgage fraud investigations squad and beefed up its securities and financial fraud group.

Grupe says his team is trying to detect frauds earlier by making use of the resources of the FBI’s intelligence group, with a particular focus on cyber crimes.

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