◆ SpookStack

Kron Shen I ' { i | H ! - Spel In oak % ment of Housing and Urban Development (HUD), federal Housing Administration (FHA). To date, ; # 26 of the largest cities in the United States have { been designated as target cities in which exten- : = a _ ¥ Sive investigations are being conducted to iden- 4 tify corrupt real estate dealers, salesmen, and S mgstave lending institutions who prey on unsus- pecting home purchasers, During Fiscal 1975, 115 individuals were convicted of violations of the FHA laws. In addition, investigations of Bribery, Fraud Against the Government, Veterans Administration Matters, and Conspiracy have increased. The following tabulation shows the- results of increased investigative activity in fraud and bribery-type investigations: Fines, Savings Convictions & Recoveries FY 1973 320 $19,931,471 FY 1974 399 4,227,579 FY 1975 504 13,167,808 Labor-Management Crimes and Commercial Extortions The number and complexity of labor racket- eering and commercial extortion cases investigat- ed by the FBI increased in Fiscal 1975. These cases involved violations of the Hobbs Act wherein persons attempted cto obtain payoffs of © : millions of dollars from banks and other busi- a &§ nesses by holding hostages, making threats of Oe boribing, or other violence. Hobbs Act convic- \ ae tions during Fiscal 1975 increased almost 30 per- cent over those in Fiscal 1974, Other FBI investigations resulted in prose- cutions of persons who committed white-collar crimes involving labor union activities. me aes Un. ” Watergate Since June, 1972, Approximately 219 cases have been investigated by the FBI at the request zihe Watergate Special Prosecution Force, in- ciuding possible violations involving Interception of Communications, Election Laws, Bribery, Perjury, Obstruction of Justice, Fraud Against the Government and Conspiracy. ~~ ee Ore ee a Po The FBI has functioned as the principal in- vestigative arm of the Special Prosecytor’s Of- fige, and 58 of the FBI's 59 field offices have been involved in Watergate-related iny. tigations. Approximately 139,278 FBI man-hours t including Special Agent and clerical time, had been ex- ' pended through June 30, 1975, at an approximate cost of $1,291,000, To date, prosecutive action has been taken against 73 persons and/or corpo- rations. Of this number, 63 have been sentenced; court proceedings are pending in the other cases. Investigations are pending in other requests. Bankruptcy and Antitrust Matters FBI investigations under the National Bank®’: tuptey Act involve the criminal underworld aire unscrupulous businessmen who engineer planned - bankruptcies. They make large purchases on credit and thereafter sell at prices below cost, leaving the legitimate creditor with nothing, Dur- ing Fiscal] 1975, FBI investigations in bankruptcy cases resulted in 23 convictions and fines and recoveries totaling $166,131, At the request of the Department of Justice, the FBI investigates alleged violations of Anti- irust Laws, These relate to monopolies and restraint of trade in interstate commerce, which threaten the basic economy of our Nation’s free enterprise system. The Department of Justice may bring either criminal or civil proceedings against the person or persons responsible for violations. During Fiscal 1975, FBI investigations in- these matters resulted in 72 convictions and the imposition of fines and recoveries totaling $1,950,534, _ Other investigative Matters Enactment of Public Law 92-140, on October 15, 1971, extended Federal copyright protection to sound recordings.: Violations of sound record- ing copyrights by persons commonly referred to as "‘tape pirates’’ have greatly incrdased the number of copyright violations invested by the FBI. In addition, the FBI and the Department of Justice have intensified efforts to combat copy- Tight violations of motion picture films by °'film