Clifford Chance
Financial and Securities Fraud Task Force Established in the Eastern District of Virginia
20 April 2011
The US Attorney for the Eastern District of Virginia has announced the formation of an interagency financial and securities fraud task force to investigate cases of national significance. The establishment of a center of financial fraud prosecution near Washington DC, in addition to the traditional center of financial fraud investigations in New York, signals that financial and securities fraud will receive increasing prosecutorial attention in the near future. The prospect of fast-paced investigations in the Eastern District of Virginia based on limited contacts with the forum also raises the significance of challenges to venue.
