News and Press Releases

U.S. Attorney Names Fraud Coordinators to Increase Ability to Fight Financial Crimes

Top Federal Prosecutor in Eastern Virginia Changes Name of Fraud Unit to Financial Crimes and Public Corruption Unit

FOR IMMEDIATE RELEASE
March 5, 2010

ALEXANDRIA, Va. - Neil H. MacBride, United States Attorney for the Eastern District of Virginia, today announced that he has named two individuals to coordinate the Office’s efforts to combat financial fraud.

            In addition, MacBride announced today that he has renamed the Fraud Unit in Alexandria to the Financial Crimes and Public Corruption Unit.

            “The new name reflects the Justice Department’s heightened priority to fight financial fraud – particularly corporate and securities fraud, mortgage fraud, Recovery Act and Troubled Asset Relief Program (TARP) frauds and financial discrimination,” said U.S. Attorney MacBride. “It also emphasizes our intention to aggressively pursue public corruption investigations and prosecutions.”

            Michael Dry has been named as the district-wide Corporate and Securities Fraud Coordinator and will be responsible for coordinating the office’s corporate fraud cases across the four divisions in Alexandria, Richmond, Norfolk, and Newport News.

            “Outside of national security, fighting financial fraud is the top priority for the Justice Department and this Office,” said U.S. Attorney MacBride. “Mike will continue to work closely with the SEC and other federal and state regulators and help us bring significant, complex financial fraud cases.”

            A faculty member of the ABA National Institute on Securities Fraud, Dry joined the U.S. Attorney’s Office in 2004 and has brought numerous securities fraud, bank fraud, money laundering and FCPA cases, including most recently the Edward Okun fraud case that involved $132 million losses to clients throughout the United States. He served as a law clerk to the Honorable Robert G. Doumar, United States District Judge for the Eastern District of Virginia in Norfolk.

            Dry received his juris doctorate from William & Mary School of Law and his M.B.A. from the University of Nebraska.

            MacBride has also named Brian Samuels to serve as the Tidewater Fraud Coordinator, assisting Dry in coordinating financial crimes in the Norfolk and Newport News Divisions. Samuels has been a prosecutor in the Newport News Division since 2007, handling high-profile cases including the David Runyon murder-for-hire trial, The Mariners’ Museum theft case, and a number of embezzlement and mortgage fraud cases.

            “Brian has been a tremendous asset to our Newport News Division, and under his leadership I’m confident that we will quickly expand our ability to bring significant financial fraud cases in Tidewater,” said U.S. Attorney MacBride.

            Prior to joining the U.S. Attorney’s Office, Samuels was a trial attorney for the Justice Department’s Tax Division and also spent two years working in the National Criminal Enforcement Section of the Antitrust Division. He served as a law clerk to the Honorable Jerome B. Friedman, United States District Judge for the Eastern District of Virginia in Norfolk.

            Samuels received his juris doctorate from Washington and Lee University School of Law and his bachelor’s degree from Pennsylvania State University.

 

 

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