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Federal Prosecutor in e-gold Case Gets Promoted

According to the BrooklynEagle, former Brooklyn federal prosecutor Richard Weber, currently the Chief of the Asset Forfeiture and Money Laundering Section (AFMLS) of the United States Department of Justice, has been appointed Chief of the Major Economic Crimes Bureau, a consolidation and expansion of the resources of the Manhattan District Attorney’s Office for the purpose of combating complex economic crime.

“Weber was an Assistant United States Attorney and Chief of Asset Forfeiture in the United States Attorney’s Office for the Eastern District of New York, based in Downtown Brooklyn, where he served for 10 years and prosecuted and coordinated complex multiagency domestic and international money laundering, financial, tax, and forfeiture cases.”

“At the Justice Department, Weber oversaw prosecutions against major domestic and international financial institutions and corporations, including the federal portion of the Credit Suisse and Lloyds investigations, Union Bank of California, American Express Bank International, BankAtlantic, E Gold Ltd. (an internet-based digital currency business), and Sigue Corporation (a global money service business).”

The Major Economic Crimes Bureau will be responsible for all manner of complex financial investigations, including:

  • securities, commodities, and investment fraud
  • mortgage fraud and financial institution fraud
  • commercial bribery and kickbacks
  • bank fraud
  • structured investment schemes
  • internet fraud
  • international money laundering and terror financing
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