The Treasury Department, Justice Department, Department of Housing and Urban Development and the Securities and Exchange Commission plan to form a taskforce to devote more resources to discovering and punishing those who commit financial fraud, NBC News has learned.
The task force will focus particularly on fraud in the housing and securities industries, officials said Monday.
A government announcement about the program is expected around noon, New York time. Attorney General Eric Holder, Treasury Secretary Tim Geithner, HUD Secretary Shaun Donovan and Rob Khuzami, director of enforcement at the SEC will speak from the Justice Department.
No enforcement actions will be announced, but the purpose of the task force will be explained, officials said.