The Major Frauds Section investigates and prosecutes some of the most significant “white-collar crime” cases in the country. The section is comprised of approximately 33 experienced federal prosecutors, and is nationally recognized not only for the size and sophistication of the cases it handles, but for the breadth of its caseload.
In the area of corporate and securities fraud, the Major Frauds Section is well known for the major cases it has successfully prosecuted involving corporate fraud, corporate embezzlement, securities and accounting fraud, insider trading, and stock manipulation. The section is equally adept at prosecuting other kinds of investor frauds, including international mass marketing frauds, Ponzi schemes, boiler rooms, loan modification schemes, and identity theft rings. The cases brought by the section frequently involve losses to victims totaling tens, if not hundreds, of millions of dollars.
In addition to the cases it brings on behalf of private individuals, the Major Frauds Section handles a broad array of highly significant cases involving fraud against the government. The section has a specialized unit dedicated to attacking health care fraud, and in recent years, that unit has successfully prosecuted major cases involving hospitals, doctors, home health agencies, diagnostic testing facilities, medical clinics, and durable medical equipment suppliers. The section also handles significant cases of procurement fraud (including fraud involving Recovery Act funds), government program fraud, bankruptcy fraud, and tax evasion. In addition, the section handles major cases of fraud against banks, mortgage companies, and other financial institutions, including cases involving the Troubled Asset Relief Program funds.
Members of the Major Frauds Section serve as coordinators for a number of task forces and working groups, including the Financial Fraud Enforcement Task Force, the Securities and Commodities Fraud Working Group, the Health Care Fraud Task Force, Operation Canadian Eagle/Project Emptor, the Financial Institution Fraud Task Force, the Bankruptcy Fraud Working Group; the Insurance Fraud Task Force; the High Intensity Financial Crime Area Program, and the Identity Theft Task Force.
The Major Frauds Section works closely with investigators from the Federal Bureau of Investigation, Internal Revenue Service-Criminal Investigation, U.S. Postal Inspection Service, U.S. Secret Service, Securities and Exchange Commission, Federal Trade Commission, and Commodity Futures Trading Commission, as well as with Inspectors General from a wide number of government agencies.
George Cardona, Assistant United States Attorney
The United States Attorney's Office
Central District of California
Attn: Major Frauds Section
312 North Spring Street
Los Angeles, California 90012