FBI staffing shortage hampers financial crime investigations

U.S. agency reallocated agents from criminal cases to national security after Sept. 11
|hrreporter.com|Last Updated: 03/05/2009

The Federal Bureau of Investigation doesn't have enough agents to investigate financial crimes related to the current financial crisis in the United States.

The bureau shifted almost one-third of all agents in criminal programs, more than 1,800 agents, to terrorism and intelligence duties after the Sept. 11 terrorist attacks.

These cutbacks in the criminal investigation division have left the bureau seriously short-handed in areas such as white-collar crime. From 2000 to 2007, fraud prosecutions against financial institutions fell 48 per cent, insurance fraud prosecutions tumbled 75 per cent and security fraud cases fell 17 per cent.