29 January 1998 Source: http://www.senate.gov/~banking/97_09hrg/091697/witness/brown.htm ___________________________________________________________________ Senate Banking, Housing and Urban Affairs Committee Subcommittee on Financial Services and Technology ___________________________________________________________________ Hearing on Financial Instruments Fraud Prepared Testimony of Mr. Dana Brown Deputy Special Agent-in-Charge Financial Crimes Division United States Secret Service 10:00 a.m., Tuesday, September 16, 1997 ___________________________________________________________________ Mr. Chairman, Members of the Subcommittee, thank you for the opportunity to address this Subcommittee concerning the subject of recent trends in the area of financial crimes and the Secret Service's efforts to combat these crimes. My name is Dana Brown, and I am representing the United States Secret Service in my capacity as the Deputy Special Agent in Charge of the Financial Crimes Division of the Secret Service. Since its inception in 1865 the Secret Service has been involved in the investigation of counterfeit monetary instruments which affect the integrity and well being of this nation's monetary and economic systems. As a law enforcement bureau within the department of the treasury, the secret service has undergone an expansion of its investigative authority commensurate with the evolution of payment systems from cash to plastic and electronic media. To combat problems relating to evolving global payment systems, the Secret Service has jurisdiction in the areas of credit card and other access device fraud, fraudulent identification, and financial fraud in relation to computer access. The recent trends in criminal activity have taught us that these crimes are often committed simultaneously and in conjunction with other fraud related activity as well as more violent crimes. We in the Secret Service have developed a visual aid entitled "the circle" (which is attached to this testimony) which we use to illustrate the correlation between some criminal activities and the global economy. It would be difficult to fully explain our complete investigative mission in the area of financial crimes with the time allotted. Instead, we have chosen to concentrate on four areas of particular interest to the committee. These areas are fictitious negotiable instruments, desk top publishing, identity fraud through use of the internet, and advance fee fraud, often referred to as 4-1-9 fraud. I would first like to discuss fictitious negotiable instruments. [follow link for rest of testimony; also at http://www.jya.com/brown.htm]
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