Editor's note: ...a glitch, it's a policy choice two decades in the making. After 9/11, the FBI shifted over 2,400 agents
from financial crimes to counterterrorism and political attack dogs and never replaced them, a vacuum that
Harvard researchers directly linked to measurable spikes in wire fraud, insider trading, and financial institutional fraud like what we see happening in
Minnesota and in
Governor White Teeth's California. Fraud was structurally classified as a second-tier priority, and even the FBI's own white-collar crime chief sounded the alarm about a mortgage fraud epidemic in 2004, warnings that were ignored until the 2008 financial crisis proved him right, again with no major criminal prosecutions. The bureau's internal political attack dog culture compounded the problem, rewarding high-visibility terrorism cases over the slow, unglamorous work of financial investigation. The loudest admission came just this week, when Acting AG Todd Blanche announced a brand new National Fraud Enforcement Division, acknowledging that 8,000 open fraud matters represent only "a fraction" of the problem. After twenty-plus years of deprioritization, the government is finally calling it a "crisis", while the FBI has been used as a political attack dog undermining American institutional and constitutional stability.
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Acting AG Blanche announces creation of 'National Fraud Enforcement Division'
"There will be an additional 93 prosecutors in every district across the country devoted to the mission of combating fraud with the National Fraud Enforcement Division," he told reporters.
By Ben Whedon | April 7, 2026
Acting Attorney General Todd Blanche on Tuesday announced the creation of a National Fraud Enforcement Division at the Department of Justice, marking a significant step in the Trump administration's efforts to crack down on misuse of public funds.