Trump administration officials yesterday promised to maintain a focus on fraud against consumers, particularly the elderly and service members, using the resources of several regulatory and law-enforcement agencies, the Wall Street Journal reported. President Donald Trump signed an executive order to bring together a task force to strengthen the efforts of regulators to investigate and prosecute fraudulent schemes and recover the proceeds for consumers, the White House said. Participating in the initiative are the Justice Department, Consumer Financial Protection Bureau, Securities and Exchange Commission and Federal Trade Commission, as well as state and local enforcement offices. A Justice Department official said the new task force would continue the work of a similar initiative created by the Obama administration after the financial crisis while expanding efforts into such areas as fraud schemes targeting seniors and cybercrimes.
