July 30, 2014 4:47 PM ET

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Company Overview of U.S. Department of Justice

Company Overview

U.S. Department of Justice provides legal services. It focuses on enforcement of the law and defends the interests of the United States, punishment for those guilty of unlawful behavior, and fair and impartial administration of justice for all americans. The organization is based in Washington, District of Columbia.

950 Pennsylvania Avenue NW

Washington, DC 20530-0001

United States

Founded in 1870

Phone:

202-353-1555

Key Executives for U.S. Department of Justice

Attorney General
Age: 63
Chief of Staff and Counsel
Deputy Assistant Attorney General
Principal Deputy Assistant Attorney General
Assistant Attorney General
Compensation as of Fiscal Year 2014.

U.S. Department of Justice Key Developments

Justice Department Charges FedEx Corporation in Drug-Shipping Investigation

FedEx Corp. was indicted with federal prosecutors alleging the company had lax controls on pharmaceutical shipments. The charges against FedEx stems from a years-long investigation by the U.S. Department of Justice and the Drug Enforcement Administration - the same investigation that resulted in a $40 million settlement by Atlanta-based United Parcel Service last year. Prior to the indictment, FedEx disclosed that it previously responded to grand jury subpoenas. If found guilty of charges that include conspiracy to distribute controlled substances, the Journal notes, FedEx faces a potential fine of $1.6 billion, plus restitution and forfeiture of profits - double what prosecutors say the company made on shipping the drugs.

Citigroup Reaches $7 Billion Settlement with Justice Department and Federal Deposit Insurance Corp

Citigroup has reached a $7 billion settlement with the Justice Department for packaging and selling bad mortgages in the run-up to the financial crisis of 2008. The penalty includes $4 billion to be paid to the Justice Department. Despite the fact that Citigroup learned of serious and widespread defects among the increasingly risky loans they were scrutinizing, the bank and its employees concealed these defects. The bank's conduct was egregious. And under terms of this settlement, the bank has admitted to its misdeeds in great detail. Citi will pay $500 million to state attorneys general and the Federal Deposit Insurance Corp. The remaining $2.5 billion will be used to help customers struggling with mortgage and other problems. The company also has now resolved substantially all of the legacy RMBS and CDO litigation.

Suntrust Mortgage, Inc. Reaches $320 Million Settlement with U.S. Department of Justice on Home Affordable Modification Program Mishandling

SunTrust Mortgage, Inc. agreed to a $320 million settlement with the U.S. Department of Justice to resolve a criminal probe into SunTrust's administration of the Home Affordable Modification Program or HAMP. SunTrust is charged of misleading several mortgage servicing customers who sought mortgage relief through HAMP in 2009 and 2010. It made material misrepresentations and omissions to borrowers in HAMP solicitations, and failed to process HAMP applications in a timely fashion. It was unwilling to put resources into HAMP despite holding billions in Troubled Asset Relief Program or TARP funds. The investigation of the case was conducted by the U.S. Attorney's Office for the Western District of Virginia, the Office of the Special Inspector General for the TARP, and the Office of the Inspector General for the Federal Housing Finance Agency (FHFA) and the U.S. Postal Inspection Service. The investigators found that SunTrust put piles of unopened homeowners' HAMP applications in a room, with the floor actually buckling under the sheer weight of unopened document packages. The documents and paperwork were lost, and homeowners were improperly foreclosed upon. The mismanagement of the HAMP program by SunTrust led to homeowners who applied for a HAMP modification with it suffering serious financial harms. SunTrust has conceded that their HAMP program had numerous deficiencies and has harmed a significant amount of homeowners. As part of the settlement, SunTrust will pay up to $284 million in restitution directly to the victims of SunTrust's conduct. It will also establish a $20 million grant fund which will be distributed to agencies working with distressed homeowners and provide $16 million in asset forfeiture funds that will be used by law enforcement for future mortgage fraud investigations. Additionally, SunTrust has also agreed to implement specific changes in its operations designed to prevent similar problems in the future. It will increase loss mitigation staff, monitor their mortgage modification process, and provide semi-annual reports regarding compliance with the agreement. This comes close on the heels of SunTrust's near $1 billion settlement reached with the Department of Justice to resolve mortgage issues. It agreed to pay $968 million, $468 million in fines and $500 million in consumer relief, to resolve certain legacy mortgage matters with the U.S. Department of Housing and Urban Development and the U.S. Department of Justice. The settlement was related to claims on SunTrust's origination of FHA-insured mortgages and SunTrust's portion of the National Mortgage Servicing Settlement.

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