The federal government continues work on the possible fraud case at the Bishop Washington Mutual Bank. When we spoke to the FBI agent investigating the case, he reported that he had turned over his work to the US Attorney's Office.
No suspects have been named, and the FBI agents say they cant go into specifics on active investigations. Even how much money was allegedly taken from WAMU accounts is not yet certain, but initial reports indicated that the number could approach a half million dollars.
The FBI wouldnt confirm this amount, or any other case facts.
In the past, FBI agents we spoke to said that the federal government doesnt investigate unless a very significant amount of money is involved.
After WAMU staff finished their own internal investigation in April they turned their evidence over to the FBI. Now the FBI has turned the case over to the US Attorneys with the Department of Justice.
The US Attorneys office is expected to decide whether or not to issue indictments.