Mueller: FBI Swamped By Mortgage Fraud Cases

New York Newsday reports:

• FBI Director Robert Mueller told a congressional panel Wednesday that financial fraud investigations are straining the bureau's resources to fight crime. Mueller said his agency has seen mortgage fraud cases balloon to more than 2,000, in addition to more than 566 open corporate fraud investigations. He also said the bureau has had to shift resources from other criminal work.(1)

For more, see FBI: We're swamped by mortgage fraud cases.

(1) That growing caseload includes "in excess of 100" mortgage fraud investigations being run out of the New York office, which covers Long Island, the five boroughs and six northern counties, a spokesman said. The bulk of the local caseload - ranging from mortgage schemes involving straw buyers to bogus foreclosure rescue scams - is in Brooklyn and Queens.