Michael Bresnick is chair of the Financial Services Investigations and Enforcement Practice. Michael advises clients on a wide range of financial services, government enforcement actions, consumer protection, mortgage fraud, FIRREA, BSA/AML, securities matters, and congressional investigations. An accomplished trial and appellate attorney, Michael has led 16 federal trials and numerous cases in federal and state appellate courts.
Prior to Venable, Michael served in the U.S. Department of Justice from 2003 to 2013, and during the last two of those years he served as executive director of the Financial Fraud Enforcement Task Force. In this role, Michael served as a top advisor to the U.S. attorney general and led the largest interagency coalition ever assembled to combat financial fraud. Michael worked with leaders across multiple agencies to rein in financial industry misconduct, establish guidance and priorities, and drive enforcement initiatives in significant securities fraud, fair lending, mortgage fraud, consumer fraud, and other matters. He regularly worked with senior staff at the Justice Department, Treasury Department, Federal Bureau of Investigation (FBI), Securities and Exchange Commission (SEC), Commodity Futures Trading Commission, Federal Trade Commission (FTC), Federal Housing Finance Agency, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Federal Reserve Board, Consumer Financial Protection Bureau (CFPB), FinCEN, and Housing and Urban Development. He also worked regularly with a large cast of federal inspectors general, state attorneys general, state banking commissioners, U.S. attorneys, and international financial regulators.
Among the highlights of his tenure, Michael led the Residential Mortgage-Backed Securities Working Group and initiated innovative strategies to investigate fraud in the RMBS market through the use of FIRREA, working directly with the U.S. attorney general and other senior Department of Justice (DOJ) leaders. He also launched the Task Force's Consumer Protection Working Group to combat consumer fraud on the federal, state, and local levels through prosecution and education.
Michael previously worked as an assistant chief in the Fraud Section of the DOJ Criminal Division, supervising a team of attorneys in the investigation and prosecution of financial crimes, including mortgage fraud, bank fraud, securities fraud, investment fraud, and grant and procurement fraud, among others. Prior to that, he served as an assistant U.S. attorney in the criminal division of the U.S. Attorney’s Office for the Eastern District of Pennsylvania, one of the largest in the country. In this position, he gained significant experience investigating and prosecuting financial fraud, RICO crimes, and healthcare fraud, including off-label marketing and cGMP violations.
In addition to his public service, Michael has significant experience in private practice. Most recently, he chaired the financial institutions practice at a nationally recognized Washington, DC law firm. He began his career as a litigation associate, focusing on white-collar criminal defense, including securities and corporate fraud, complex commercial litigation, and bankruptcy litigation.