Feb. 15, 2017: Jay N. Lerner was sworn in as the Inspector General at the Federal Deposit Insurance Corporation (FDIC) on Monday, Jan. 9, 2017. Lerner oversees the Office of Inspector General, which conducts investigations of potential fraud and other crimes related to insured financial institutions and closed banks. The office also works to detect and deter waste, fraud, and abuse at the FDIC, while promoting economy and efficiency at the agency. Lerner has worked in the federal government for nearly twenty-five years. Lerner was most recently the Chief of Staff and Senior Counsel at the Office of the Inspector General at the Department of Justice. He was previously the Assistant Chief at the Fraud Section at the Criminal Division at the Justice Department, overseeing strategy and policy. Lerner also prosecuted banking and money laundering cases at the Justice Department. Lerner also previously worked at the U.S. Department of Homeland Security's Office of the General Counsel as Associate General Counsel for Strategic Oversight and Review and as the Chief Counsel for Security. He also was the Deputy Chief Counsel for Criminal Enforcement at the U.S. Transportation Security Administration, a division of the Homeland Security Department. Lerner received his law degree from the University of Pennsylvania Law School. The FDIC is an independent federal government agency.