skip navigation

PUBLICATIONS

Register for Latest Research

Stay Informed
Register with NCJRS to receive NCJRS's biweekly e-newsletter JUSTINFO and additional periodic emails from NCJRS and the NCJRS federal sponsors that highlight the latest research published or sponsored by the Office of Justice Programs.

NCJRS Abstract

The document referenced below is part of the NCJRS Virtual Library collection. To conduct further searches of the collection, visit the Virtual Library. See the Obtain Documents page for direction on how to access resources online, via mail, through interlibrary loans, or in a local library.

 

NCJ Number: 63480 Add to Shopping cart Find in a Library
Title: FLORIDA - DEPARTMENT OF ADMINISTRATION - INTENSIVE MONITORING REPORT OF THE SECURITIES FRAUD UNIT EVALUATION REPORT
Author(s): ANON
Corporate Author: Florida Bureau of Criminal Justice Assistance
United States of America
Date Published: Unknown
Page Count: 33
Sponsoring Agency: Florida Bureau of Criminal Justice Assistance
Tallahassee, FL 32301
US Dept of Justice
Washington, DC 20531
Format: Document
Language: English
Country: United States of America
Annotation: THIS REPORT REFERS TO AN EVALUATION OF FLORIDA'S SECURITIES FRAUD UNIT, WITH REGARD TO ITS EFFECTIVENESS AND OVERALL IMPACT ON THE CRIMINAL JUSTICE SYSTEM.
Abstract: THE UNIT WAS ESTABLISHED IN 1974 TO REDUCE THE IMPACT OF SECURITIES FRAUD WITHIN FLORIDA. SINCE THEN IT HAS RECEIVED 1.1 MILLION IN LEAA FUNDS AND HAS A STAFF OF 13. THE UNIT'S PRIMARY RESPONSIBILITY IS THE INVESTIGATION OF ALLEGED SECURITIES VIOLATIONS. EVALUATION INCLUDED AN EXAMINATION OF THE UNIT'S BACKGROUND DATA (OPERATIONAL HISTORY, ORGANIZATIONAL STRUCTURE, BUDGET ANALYSIS); AN EXAMINATION OF A REPRESENTATIVE CASE FILE AND PROGRESS REPORT, AS WELL AS OF OFFICE AND FINANCIAL REPORTING PROCEDURES; INTERVIEWS WITH SELECTED STATE OFFICIALS; AND A COMPARATIVE ANALYSIS OF THE UNIT'S OPERATIONAL PROCEDURES TO THOSE OF FRAUD DIVISIONS IN OTHER STATES. FINDINGS INDICATED THAT INITIALLY, DISSENSION EXISTED WITHIN THE UNIT RESULTING FROM THE LACK OF DIRECTION FROM THE POLICY BOARD AND POOR PROJECT MANAGEMENT AND ADMINISTRATION. COURT DELAY IS A MAJOR PROBLEM ENCOUNTERED BY THE UNIT; ALTHOUGH COOPERATION HAS BEEN ESTABLISHED WITH OTHER AGENCIES, THE ACCOMPLISHMENTS OF THE UNIT HAVE BEEN NOTEWORTHY AND THE UNIT HAS BEEN RECOMENDED TO BE INCORPORATED IN THE NEW BUDGET. IN ADDITION, THE UNIT HAS PRACTICALLY ELIMINATED THE 14 PERCENT INTEREST RACKET AND IS NOW ADDRESSING SUCH PROBLEMS AS ILLEGAL STOCK SALES AND WORM CASES. RECOMMENDATIONS WERE THAT THE POLICY BOARD SHOULD BE COMPOSED OF MEMBERS WHO ARE IN DECISONMAKING ADMINSTRATIVE ROLES WITHIN THE CRIMINAL JUSTICE OR REGULATORY SYSTEMS OF FLORIDA; THAT THE UNIT SHOULD CONCENTRATE ON CRIMINAL PROCEEDINGS FOR INCREASED COST EFFECTIVENESS; AND THAT THE PUBLIC NEEDS TO BE INFORMED OF PREVENTIVE MEASURES AGAINST FRAUDULENT ACTS. TABULAR DATA AND COPIES OF NEWSPAPER ARTICLES ABOUT THE UNIT'S WORK ACCOMPANY THE REPORT. (MJW)
Index Term(s): Crime prevention measures; Crime specific countermeasures; Economic Crime Enforcement Units; Florida; Fraud; Law Enforcement Assistance Administration (LEAA); Police crime-prevention; Securities fraud
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=63480

*A link to the full-text document is provided whenever possible. For documents not available online, a link to the publisher's website is provided. Tell us how you use the NCJRS Library and Abstracts Database - send us your feedback.