WASHINGTON – Representatives of President Obama’s Financial Fraud Enforcement Task Force will host the latest of a Mortgage Fraud Summit on THURSDAY, SEPTEMBER 30, 2010 in LOS ANGELES. President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is holding another summit Wednesday in Fresno, and it has previously hosted mortgage fraud summits in Miami, Phoenix and Detroit.
In the morning session, task force members will meet with the general public, legal services providers and banking, mortgage and real estate industry representatives to discuss trends in the region and the effect of mortgage fraud on the community. Following the public portion of the meeting, the task force members will hold a press conference to discuss the work of the task force to combat mortgage fraud. In the afternoon, the task force members will meet privately with law enforcement agencies involved in the investigation of mortgage fraud.
Participating in the summits will be Assistant Attorney General for the Civil Division Tony West, United States Attorney André Birotte Jr., Chief of the FBI’s Financial Crimes Section Sharon Ormsby, Deputy Inspector General at the Department of Housing and Urban Development Michael Stephens and Executive Director of the Financial Fraud Enforcement Task Force Robb Adkins. Additionally, representatives from the Federal Trade Commission, the Treasury Department’s Financial Crimes Enforcement Network, U.S. Postal Inspection Service, U.S. Secret Service, the California Department of Justice and local police agencies will participate in the summits.