Fraud Enforcement & Financial Recovery Measures

Federal programs designed to stabilize the U.S. banking sector and the economy have resulted in a massive and unprecedented outpouring of public funds to financial institutions. On May 20, 2009, President Obama signed the Fraud Enforcement and Recovery Act of 2009 (“FERA” or “Act”) into law. FERA amends criminal fraud statutes to strengthen law enforcement’s ability to investigate and prosecute all forms of financial fraud, including fraud involving the Troubled Asset Relief Program (“TARP”). In his signing statement, President Obama stated that FERA “provides Federal investigators with significant new criminal….tools to assist in holding accountable those who have committed financial fraud.”

Congress and the executive branch have tasked federal enforcement officials with intensifying their investigation and prosecution of financial services industry participants for potential fraud. This innovative, industry-specific webinar will educate the financial institution industry on key provisions of the Fraud Enforcement and Recovery Act of 2009 (“FERA”) and other criminal fraud enforcement measures. Preparing for enhanced federal enforcement efforts is an important task; this webinar will give you the most up-to-date and comprehensive information you need regarding current and potential financial fraud enforcement activity.

The webinar will feature a roundtable discussion led by white collar defense experts, former prosecutors and agency enforcement officials. Participants will obtain an in-depth understanding of:

• The impact of legislative and executive branch-related developments, including the Fraud Enforcement and Recovery Act of 2009
• The use of financial rescue funds and the interplay with federal criminal statutes
• Government’s investigative and prosecutorial resources and priorities, including the FBI, U.S. Attorney’s offices, DOJ Criminal Division, and SEC
• The expanded reach of several key federal fraud statutes to encompass mortgage and other financial fraud: the definition of “financial institution”; the major fraud statute; the federal securities fraud statute
• How companies can devise a compliance program that accounts for enhanced oversight
• Key issues for financial institutions to consider if a government investigation is launched against them

You must have the most up-to-date information on new legal developments that could impact your company, be prepared for potential litigation, and be ready to incorporate new theories of liability and enforcement into your strategic corporate plan. Participate in this webinar to stay one step ahead!

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