NYC Financial Crime Task Force
Mayor Bloomberg launched the Financial Crime Task Force (FCTF) in December 2009 to better enable the City of New York to prevent, detect, and respond to financial crimes that pose a threat to the economic stability of New Yorkers and their businesses. FCTF leverages City data and technology resources to develop and oversee innovative programs to assist the City’s criminal and civil enforcement community. These initiatives help to combat crimes such as tax fraud, bank fraud, securities fraud, identity theft, real estate fraud, money-laundering, and terror-financing. FCTF also acts as the Mayor’s liaison to the white-collar criminal and regulatory enforcement community, and works to assist the City in recovering funds lost from fraud.
TASK FORCE LEADERSHIP
Michael P. Flowers
Michael P. Flowers is Director of the Mayor’s Financial Crime Task Force of the City of New York. Prior to joining the Bloomberg Administration, Mr. Flowers was Counsel to the U.S. Senate Permanent Subcommittee on Investigations for the 110th and 111th Congress, where he led bipartisan investigations into off-shore tax haven abuses; failures in the mortgage-backed securitization market by U.S. investment and commercial banks and government agencies; and deceptive financial transactions by the North Korean government. From March 2005 to December 2006, Mr. Flowers was Deputy Director of DOJ’s Regime Crimes Liaison’s Office in Baghdad, Iraq, supporting the investigations and trials of Saddam Hussein and other high-ranking members of his regime. From 2003 to 2005, Mr. Flowers was with Williams & Connolly LLP in Washington D.C., representing clients in investigations and regulatory actions brought by various regulatory agencies. After a clerkship in federal District Court in Philadelphia, Mr. Flowers began his career in criminal justice at the New York County District Attorney’s Office in 1999. Mr. Flowers is a magna cum laude graduate of Temple University School of Law in Philadelphia.