The Department of Justice will continue to employ undercover operations to investigate financial fraud in 2010. Speaking at the American Bar Association’s White Collar Crime conference on Thursday, Assistant Attorney General Lanny A. Breuer stated that the DOJ will be more targeted, creative and strategic when investigating financial fraud.
According to the Miami Herald, Breuer cited the success of the court-authorized wiretaps and confidential sources used in the Galleon case. He also noted the FBI sting operation that resulted in the indictment of 22 executives and employees who work for suppliers to military and law-enforcement agencies. This case was the largest prosecution of the Foreign Corrupt Practices Act to date. Breuer said these undercover operations are a “new chapter in white collar crime enforcement.”