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NC prosecutors launch financial crimes effort

Posted January 2, 2013

— The North Carolina Conference of District Attorneys announced Wednesday that they are stepping up prosecution of mortgage fraud and other financial crimes.

The Financial Crimes Initiative, which will be funded by money from a national settlement with banks over fraudulent mortgages, also will help authorities recover compensation for both individual and corporate victims and produce statewide savings, the group said.

“The national settlement provides a unique opportunity for district attorneys across the state to address financial crimes that affect our citizens, the business community and the state at large,” Ben David, president of the Conference of District Attorneys, said in a statement.

The group has hired a white collar crime resource prosecutor to run the program and help local law enforcement authorities pursue financial crimes cases. The group also plans to hire regional prosecutors across the state for such cases.


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  • wildpig777 Jan 3, 2013

    The North Carolina Conference of District Attorneys WOULD DO WELL to investigate itself for a whole multitude of crimes. then they could move on to malfeasance, poor and unacceptable job performance, fraud-- no one makes a 40 hr work week in any court ive seen in nc -- they all come and go just like they please.

  • Rebelyell55 Jan 3, 2013

    All this mean is "we got some money boys let the party begin". That money should never gotten into the hands of this group.

  • pbjbeach Jan 2, 2013

    doe this now mean that the attorneys generals office will now begin to prosecute fraud an waste an mis-mangament of the taxpayers dollars thatare truely being mis-spent within the NCDOT by their exective an upper mangaments when contracting enitys in this state are doing an carrying out non-specefication work an then being allowed to bill the taxpayers unjustifiably so for this bad work with the filing of false claims that are being allowed to be paid unjustifiably so thank you

  • westernwake1 Jan 2, 2013

    The key issue is that the SBI, cities, and counties in NC do not have the necessary financially trained personnel (DAs and others) to investigate and prosecute these crimes. They need to hire some true experts to be effective.