The Department of Justice’s newly created National Fraud Enforcement Division (NFED) is signaling an aggressive approach to corporate enforcement, with an emphasis on moving investigations more quickly and efficiently. The policy direction suggests prosecutors may focus not only on large-scale corporate fraud matters, but also on smaller cases that can be investigated and resolved on a faster timeline.
Bracewell’s Nicole Boeckmann told Law360 that Deputy Assistant Attorney General Matthew McDonald’s memo indicates the division wants to “move quickly” and suggests NFED will target not only major corporate fraud matters but also “smaller cases … that they can move fast on.”
“They want to keep these cases moving. They don’t want two-year-long investigations,” Boeckmann said.