In 1983, the governor of the State of Utah requested that Mr. Krebs consult with and advise his staff regarding the enactment of legislation and the staffing of the Utah Securities Division aimed at stopping the "penny stock" frauds which then plagued that state.
Starting in 2010, Krebs served as the Assistant Director and Deputy General Counsel of the Financial Crisis Inquiry Commission, where he spearheaded the investigation of securitizations of mortgaged-backed securities, foreclosures and misrepresentations, Lehman Brothers, Bear Sterns and Shadow Banking, among other investigations [REF].