The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]
Got scoops? Comments? Send'em on, care of
4/29/2009
PEM CEO, Danny Pang Arrested By the FBI, Company Assets Forzen
2/11/2009
Financial Crime Suddenly an FBI Priority 4/20/2008
FBI Directory Says Sub-Prime Investigation Leads to Hedge Fund Doors
More on Mortgage Fraud, From the FBI
Countrywide and the FBI Get Acquainted
Wall Street Squeezed on Sub Prime Mess
Get Ready to Sign Up For Your FBI Deputy Badge 1/29/2008
14 Firms Facing Investigation on Sub Prime-Related Insider Trading
New Federal Charges in Coupon Company Case
Alaskan Senator in the Deep Stuff
FBI Director Talks White Collar Crime
FBI After Beazer Homes for Potential Fraud
International Outsourcing Services Faces Fraud Charges
FBI Laptops Go Missing (Lost and or Stolen)
Real Estate Fraudster Nabbed by FBI Thanks to Kiwi P.I.
Turnabout is Fair Play, Public Corruption Investigations Up 30% in the Past Four Years
PEM CEO, Danny Pang Arrested By the FBI, Company Assets Forzen
Does no one respect religious pilgrimage anymore?
The case that just gets weirder and more sorid....
The case that just gets weirder and more sorid....
I am a most certainly sucker for any case that involves the desperate search for gold bullion - more here!
-- MDT
Labels: Best Excuse Ever for Leaving the Country, Danny Pang, FBI, Gold Bullion
0 Comments.
Post a Comment
Financial Crime Suddenly an FBI Priority 4/20/2008
FBI Directory Says Sub-Prime Investigation Leads to Hedge Fund Doors
FBI director Muller's comments, made the annual American Bar Association Litigation Section conference in Washington, D.C. are sure to ruffle features in some quarters. Like say, BloggingStocks, for one.
-- MDT
4/07/2008
-- MDT
Labels: FBI, Fraud, hedge fund, sub-prime mortgage
More on Mortgage Fraud, From the FBI
According to Langley, mortgage fraud numbers for 2008 are on a record pace. And try the FBI main site for aggregation of their mortgage fraud activities.
-- MDT
3/09/2008
-- MDT
Labels: FBI, mortgage fraud
Countrywide and the FBI Get Acquainted
A criminal probe of the sub-prime lender is officially under way.
-- MDT
2/21/2008
-- MDT
Labels: Countrywide, FBI, sub-prime mortgage
Wall Street Squeezed on Sub Prime Mess
Trial Lawyers to the left, the FBI to the right.
Time for a little restructuring?
--MDT
2/12/2008
Time for a little restructuring?
--MDT
Labels: FBI, sub-prime mortgage, Wall Street
Get Ready to Sign Up For Your FBI Deputy Badge 1/29/2008
14 Firms Facing Investigation on Sub Prime-Related Insider Trading
No names yet, but the probe has been underway since the spring of 2007 - a combined effort of the FBI and the SEC. Parallel probes are also underway on the state level in New York and Connecticut. Details on the FBI sub-prime probe at CNN Money.
-- MDT
12/09/2007
-- MDT
Labels: FBI, investigation, SEC, sub-prime mortgage
New Federal Charges in Coupon Company Case
Add wire fraud to the $250 million fraud tab of former executives at International Outsourcing Solutions, the largest coupon company in the U.S. The alleged fraudsters are facing somewhere in the neighborhood of 525 years in prison if convicted. Those kitty litter coupons really add up, right? Get the latest details on the case via Yahoo.
-- MDT
8/01/2007
-- MDT
Labels: FBI, Fraud, International Outsourcing Solutions
Alaskan Senator in the Deep Stuff
Alaskan Senator Ted Stevens is facing an investigation into some ethically challenged practices. The famed congressional pork king, who also happens to have be the longest serving Republican in the Senate had his home raided by FBI and IRS agents.
Steven's financial clerk has also spent time time recently testifying before a grand jury. I imagine that his comments didn't concern parking tickets. Meanwhile, it probably wouldn't shock you to learn that Stevens has vowed to block an upcoming ethic bill?
-- MDT
7/27/2007
Steven's financial clerk has also spent time time recently testifying before a grand jury. I imagine that his comments didn't concern parking tickets. Meanwhile, it probably wouldn't shock you to learn that Stevens has vowed to block an upcoming ethic bill?
-- MDT
Labels: corruption, FBI, IRS, Ted Stevens
FBI Director Talks White Collar Crime
The WSJ covers Robert S. Mueller's comments before the House Judiciary Committee, defining the FBI's current priorities. White collar crime...high on the list.
-- MDT
3/29/2007
-- MDT
Labels: FBI, Robert Muller, white collar crime
FBI After Beazer Homes for Potential Fraud
Atlanta-based Beazer Homes USA is facing scrutiny from the FBI over allegedly fraudulent practices in the company's mortgage lending business. Beazer, a public company, operates as a home builder in 21 states.
More here on the FBI's investigation of Beazer.
-- MMDT
3/14/2007
More here on the FBI's investigation of Beazer.
-- MMDT
Labels: accounting fraud, Beazer Homes USA, FBI
International Outsourcing Services Faces Fraud Charges
A Federal grand jury in Wisconsin has returned a 25-count indictment against International Outsourcing Solutions, along with 12 individuals charging the group with with a conspiracy to defraud IOS's manufacturer customers.
IOS is the largest coupon clearinghouse for grocery store retailers and manufacturer coupons in the U.S. If you've clipped coupons from your Sunday paper, you know IOS. What you probably didn't know is that coupons are a billion dollar industry.
The Indictment charges that the defendants participated in a multi-million dollar fraud that victimized five Wisconsin companies as well as other companies located throughout the country," said United States Attorney Biskupic.
This IOS indictment alleges that between 1997 and 2006, nine of IOS employees and and two associates of coupon brokerage, Riya Coupon Services, participated in a scheme to submit fraudulent coupons to manufacturers for payment, a $25 million swindle.
Read more on the IOS indictment via the Muncie Free Press, which names all eleven of the indicted folks... See also the FBI press release, from which the MFP article is largely drawn. IOS has responded to the suit, here, on their website.
-- MDT
2/14/2007
IOS is the largest coupon clearinghouse for grocery store retailers and manufacturer coupons in the U.S. If you've clipped coupons from your Sunday paper, you know IOS. What you probably didn't know is that coupons are a billion dollar industry.
The Indictment charges that the defendants participated in a multi-million dollar fraud that victimized five Wisconsin companies as well as other companies located throughout the country," said United States Attorney Biskupic.
This IOS indictment alleges that between 1997 and 2006, nine of IOS employees and and two associates of coupon brokerage, Riya Coupon Services, participated in a scheme to submit fraudulent coupons to manufacturers for payment, a $25 million swindle.
Read more on the IOS indictment via the Muncie Free Press, which names all eleven of the indicted folks... See also the FBI press release, from which the MFP article is largely drawn. IOS has responded to the suit, here, on their website.
-- MDT
Labels: FBI, Fraud, International Outsourcing Solutions
FBI Laptops Go Missing (Lost and or Stolen)
Also missing, you might imagine, is a bit of the agency's dignity. But the 160 laptops lost or stolen over the last four years (including some from counter-terrorism and counter-intelligence divisions) is actually down by about HALF from the preceding audit period, when 317 laptops walked out the door or got lost behind the water cooler.
So, um, I guess good work guys...
Due to the recent Veterans Afffairs laptop disappearance and related identity theft concerns, the Federal government issued a directive back in June of '06 that within 45 days all civilian agencies would be required to institute laptop security measures. So far compliance is at about 10%.
You can get the full story (both the '07 and '02 audit reports) over Justice Department's Office of the Inspector General. The '07 report is only available as a PDF at present. There is an HTML version of the '02 report, found here.
-- MDT
2/13/2007
So, um, I guess good work guys...
Due to the recent Veterans Afffairs laptop disappearance and related identity theft concerns, the Federal government issued a directive back in June of '06 that within 45 days all civilian agencies would be required to institute laptop security measures. So far compliance is at about 10%.
You can get the full story (both the '07 and '02 audit reports) over Justice Department's Office of the Inspector General. The '07 report is only available as a PDF at present. There is an HTML version of the '02 report, found here.
-- MDT
Labels: audit, FBI, identity theft, laptop security
Real Estate Fraudster Nabbed by FBI Thanks to Kiwi P.I.
Charles Elliott Fitzgerald has been on the run since 2003, when he disappeared from California along with $550 million dollars he swindled from mortgage lenders in phoney real estate deals. It was known all along by authorities that Fitzgerald had family in the pacific islands but for several years his location remained unknown.
Fitzgerald (an extremely odd duck) probably would have remained free indefinitely were it not for Trever Morley, a Wellington, New Zealand based private investigator. Morely was hired by an American client to track down Fitzgerald and the former police inspector managed to do that very thing. He found Fitzgerald in Samoa and informed his client who notified the FBI.
Fitzgerald was deported and is now back in California awaiting trial on bank fraud and money laundering. Kudos Morley!
Several Fitzgerald accomplices have already plead guilty and are awaiting sentencing, including:
-- MDT
12/11/2006
Fitzgerald (an extremely odd duck) probably would have remained free indefinitely were it not for Trever Morley, a Wellington, New Zealand based private investigator. Morely was hired by an American client to track down Fitzgerald and the former police inspector managed to do that very thing. He found Fitzgerald in Samoa and informed his client who notified the FBI.
Fitzgerald was deported and is now back in California awaiting trial on bank fraud and money laundering. Kudos Morley!
Several Fitzgerald accomplices have already plead guilty and are awaiting sentencing, including:
Mark Abrams, 45, of Long Beach, CAFurther details on Fitzgerald's scam and the current case, check out this December 13th post from RealBlogging.
Nicole LaViolette, 37, of Palm Springs, CA
Jamieson Matykowski, 33, of Laguna Niguel, CA
Timothy Holland, 35, of Santa Ana, CA
-- MDT
Labels: Charles Elliott Fitzgerald, FBI, fugitive, money laundering, New Zealand, Samoa, Trevor Morley
Turnabout is Fair Play, Public Corruption Investigations Up 30% in the Past Four Years
Lordy...
More than 1,000 public officials of various levels on the pecking order have been convicted in government corruption investigation over the last two years. With ample time (and seemingly endless corruption) left for the current administration in Washington, I think we can accurately predict that quite a few medium to large sized fish are going to be joining the convicted list in '07.
Sarbox for the guv'ment, perhaps?
The Washington Post has the rest of the story.
-- MDT
More than 1,000 public officials of various levels on the pecking order have been convicted in government corruption investigation over the last two years. With ample time (and seemingly endless corruption) left for the current administration in Washington, I think we can accurately predict that quite a few medium to large sized fish are going to be joining the convicted list in '07.
Sarbox for the guv'ment, perhaps?
The Washington Post has the rest of the story.
-- MDT
Labels: Conviction, corruption, FBI, government
