The Interim Finance Committee on Thursday approved spending nearly $1.3 million a year for the next five years to create a new financial fraud unit within the Attorney General’s Office.
Attorney General Adam Laxalt told lawmakers the number of financial fraud complaints received by his office has increased dramatically in the past few years. He said there were 600 complaints in 2014 but 952 complaints in 2015.
“So far this year, we’ve already received 870 fraud complaints,” he said.
He said that has produced “a compelling need to devote more resources,” to the problem.
Laxalt and his staff told lawmakers, however, none of the money to pay for the 10 person unit is tax or other public money. He said it’s all from Nevada’s share of the national mortgage settlement.