U.S. dropped Enron-like fraud probe

Prosecutor who built case against Virginia insurer was replaced.

By Marisa Taylor - Mcclatchy Washington Bureau
Published 12:00 am PDT Monday, July 23, 2007

Two years into a fraud investigation, veteran federal prosecutor David Maguire told colleagues he'd uncovered one of the biggest cases of his career.

Maguire described crimes "far worse" than those of Arthur Andersen, the accounting giant that collapsed in the wake of the Enron scandal. Among those in his sights: executives from a subsidiary of Berkshire Hathaway, the investment empire overseen by billionaire Warren Buffett.