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New Chief Named to Help Obama Crack Down on Financial Fraud

Fraud investigator and prosecutor Michael Bresnick has been named by Attorney General Eric Holder to head up President Obama’s Financial Fraud Enforcement Task Force. The task force, which aims to identify and prosecute financial fraud including mortgage fraud, was launched by President Obama in November 2009 and comprises more than 20 federal agencies, 94 U.S. attorneys and state and local partners.

“The task force is a powerful weapon in the Department of Justice’s ongoing battle against financial fraud like mortgage scams, Ponzi schemes and other predatory behaviors that victimize our families, friends and neighbors and wreak havoc on our financial system,” Holder said. “I am pleased that Michael will bring his wealth of experience and energy to this critical mission.”

The task force accepts reports of suspected fraud through its website, StopFraud.gov.

Bresnick most recently worked as an assistant chief in the Fraud Section of the Department of Justice. There he supervised attorneys who investigated and prosecuted fraud in a number of different areas of financial crime. Previously, he was a federal prosecutor as an assistant U.S. attorney in Philadelphia.

Written by Elizabeth Ecker

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