The DOJ has promoted two senior members of the Criminal Division’s Fraud Section to Deputy Chief positions. Main Justice reports that Kathleen McGovern and Patrick Stokes, both of whom had been regarded as front-runners to fill a long-vacant Deputy Chief slot for corporate and securities fraud, have both been promoted to Deputy Chief. It is unclear how their responsibilities will be split.
The securities fraud slot has been open for more than two years. Former DOJ attorney Tom Hanusik, now a partner at Crowell & Moring, told Main Justice that the promotions could be “a sign that Lanny Breuer’s Criminal Division and Denis McInerney’s Fraud Section are dedicating new resources to corporate securities fraud.”