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Eric Lichtblau, David Johnston and Ron Nixon wrote a great article for BlueRidgeNow.com and the New York Times business feed.  It talks about the F.B.I’s struggle to investigate the current wave of fraud cases, due to a large cut in the criminal investigation work force. 

According to the article, after the September 11^th attacks, the F.B.I. shifted more than 1,800 agents from criminal programs to national security and anti- terrorism priorities.  Since that time, the private sector has had difficulty attracting the bureau’s attention for fraud cases.  “Clearly, we have felt the effects of moving resources from criminal investigations to national security,” said John Miller, an assistant director at the F.B.I.   Some F.B.I officials also worry that the government’s federal bailout may become a bigger problem in itself, because it contains inadequate controls to deter investment schemes. 

We have a pattern of reacting to problems instead of being proactive.  We were attacked by terrorists, so we focus on national security.  Our economy is in crisis, so now it’s time to focus on the economy.  Once there is a problem big enough to garner headlines, though, it’s already too late.  

There will never be enough cops to stop investment fraud, but you can have the next best thing - a former SEC Enforcement Branch Chrief focused on protecting you.  Let us help you before there’s a problem.  We will investigate your broker before you give him a dime of your nest egg.  Check out your broker, or risk being the next baby boomer or senior citizen to learn first hand that law enforcement cannot prevent investment fraud.