Obama's DOJ Launches A White-Collar Crackdown

Josh Hochberg, a former chief of the fraud section at Justice during the Bush administration and now a partner at law firm McKenna Long & Aldridge, echoes that view. "The need for white-collar enforcement dwarfs anything we've seen before." The federal government's plan to spend nearly $1.5 trillion on the economic stimulus plan and the financial bailout creates the potential for considerable fraud, Hochberg added. "The public just won't tolerate misspending of bailout money," he said, stressing that both programs need close monitoring.

To view this article in its entirety, please access the March 28, 2009 issue of the National Journal.