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Trivia question: jurisdiction over fraud
Posted on Mar 29, 2006 by Tom Fragala
Which local, state or federal agency has primary jurisdiction to investigate financial fraud involving FDIC insured banks, credit cards and identity fraud? Put your guess in the comments. Correct answer to be posted this weekend.
Update: The correct answer is...the US Secret Service. Which was part of the Treasury Department until 2003. It's now part of Homeland Security. So kudos to both people that answered!
The USSS was formed originally in 1865 to deal with the problem of counterfeit currency. Then when President McKinley was assassinated, Congress directed the USSS to protect the President. Their responsibilites have been expanded several times since then.
Filed under: Tips
Comments
Pete on Mar 29, 2006
The Treasury Dept?
Tman on Mar 30, 2006
I believe that would be the Secret Service. The FTC monitors the credit bureaus, as well as other businesses, but money fraud is the Secret Service's department.
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