By Allan Lengel
ticklethewire.com
WASHINGTON — Is the U.S. Attorney’s Office in Alexandria, Va., trying to run with the big dogs in New York in the area of securities fraud?
A Wall Street Journal report gives a resounding Yes to that question.
The paper’s Law Blog reports that U.S. Attorney Neil MacBride of Virginia “is assembling a new, investigative task force of federal, state and local entities to crack down on financial crime and securities fraud. He has hired several new prosecutors to focus on white-collar crime—and is targeting high-profile cases.”
“We’re stepping up our game, working in close partnership with the Securities and Exchange Commission and others to really make a push to focus on significant, national-impact securities-fraud cases,” Mr. MacBride told the Journal.
The Journal says the Virginia office can claim jurisdiction over such cases because the Securities and Exchange Commission data base is located in Alexandria, “meaning every publicly traded company technically files their accounts in his district.”
