Local News

NC prosecutors launch financial crimes effort

Posted January 2, 2013 5:05 p.m. EST
Updated January 2, 2013 5:23 p.m. EST

— 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.