Markets Wired

The Federal Trade Commission is honoring the Complex Frauds and Cybercrime Unit of the United States Attorney’s Office for the Southern District of New York with its Criminal Liaison Unit’s Prosecuting Attorney’s Award.  The Criminal Liaison Unit presents the award annually to recognize those prosecutors who demonstrate an exceptional commitment to consumer protection in partnership with the FTC.

The Complex Frauds Unit is tasked with prosecuting financial fraud and addressing the threat of cybercrime. The unit has a long-standing partnership with the FTC in protecting consumers from fraud. In the last year alone, it has successfully prosecuted dozens of individuals for their participation in mobile cramming, fake and abusive debt collection, and deceptive payday lending schemes. At an awards ceremony held in New York on October 19, 2016, FTC Associate Director James Kohm said, “This award honors the dedication and diligence of the Complex Frauds Unit in protecting America’s consumers and bringing the worst fraudsters to justice.”

The FTC often coordinates with criminal law enforcement to ensure the successful prosecution of fraudsters who prey on American consumers. Since its inception ten years ago, the FTC’s CLU has contributed to the successful criminal prosecution of hundreds of fraudulent telemarketers, phantom debt and mortgage relief scammers, immigration fraudsters, and others who prey on American consumers.

The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about consumer topics and file a consumer complaint online or by calling 1-877-FTC-HELP (382-4357). Like the FTC on Facebook, follow us on Twitter, read our blogs and subscribe to press releases for the latest FTC news and resources.