Friday, February 13, 2009

Fraud Enforcement and Recovery Act of 2009.

http://www.nytimes.com/2009/02/13/business/13tax.html?ref=politics

The government is trying to gain more power against offshore accounts, that can and may misuse government bailout money. If the bill passes it will apply money laundering statues to suspected off shore accounts. Money laundering usually carries harder punishments then some other crimes. This bill also comes with some loaded bonus features, the bill also is pushing for extra money to hire more investigators and prosecutors. Now this article is worth reading due to the fact that with all the hype of the stimulus bill, finding large companies and people who might me laundering money with help pay for the multi billion dollar bailout.

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