Manhattan District Attorney Cyrus Vance has created a new Major Economic Crimes Bureau that combines the Frauds Bureau and several lawyers from a bureau known as Investigation Division Central.
Reuters reports that Senior U.S. Justice Department official Richard Weber has been appointed by Vance to lead the new bureau. He will also be deputy chief of the district attorney’s investigation division. Weber had previously served as chief of the Justice Department’s asset forfeiture and money laundering section.
Vance stated yesterday that the new bureau will help “expand our battle against those who commit major economic frauds,” and help his office uphold “the integrity and security of New York’s major financial markets.”
