Post Now – Cocaine bust at Dulles Airport: “Jose Acevedo, 41, of Carlisle, Pa., was arrested early Friday by Customs and Border Protection officers after they learned he was carrying 1,965 grams of cocaine — about 4.5 pounds — with an estimated street value of $140,000.
Posts Tagged ‘Authorities’
Post Now – Cocaine bust at Dulles Airport
June 19th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Authorities, Carlisle Pa, Cocaine Bust, Customs And Border Protection, Customs Officer, Dulles Airport, El Salvador, Jose Acevedo, Luggage, Narcotics, Powdery Substance, Presence, Taca Airlines Flight 
Comments OffGeorgia Busts Cocaine Ring as 2 Million Euros Cash Found Buried
June 3rd, 2010 Before You Invest Georgia Busts Cocaine Ring as 2 Million Euros Cash Found Buried: “Georgian police broke up a criminal ring that was smuggling cocaine from South America through the former Soviet republic to Europe, learning about 2 million euros buried in a western village in the process.’The cash came from selling as much as 90 kilograms of cocaine from countries like Panama, Colombia and Peru,’ Interior Ministry spokesman Shota Utiashvili told reporters in the capital Tbilisi today.
Posted in Finance Fraud Tags: Authorities, Black Sea, Busts, Cocaine, Colombia, Criminals, Detectives, Georgian Police, Interior Ministry, Kilograms, Ministry Spokesman, Panama, Peru, Scrap Metal, Sea Port, Shota, South America, Soviet Republic, Tbilisi, Travel Spain Comments OffN.J. authorities indict 34 in Lucchese crime family bust from ‘Operation Heat’ | – NJ.com
May 17th, 2010 Before You Invest N.J. authorities indict 34 in Lucchese crime family bust from 'Operation Heat' | – NJ.com: “indictment charged 34 Lucchese members and associates with crimes included racketeering, weapons possession, tax evasion, bribery, money laundering and conspiracy.Scarfo, the son of a convicted mob boss, was previously sentenced to 33 months in prison in a federal gambling case.
Posted in Finance Fraud Tags: Authorities, Being A Leader, Bribery, Bust, Conspiracy, Crime Family, Crimes, Dinapoli, East Hanover, Faction, Indictment, Madonna, Mob Boss, Money Laundering, Perna, Possession, Racketeering, Scarsdale, Tax Evasion, Weapons Comments Off3 Arkansas men plead guilty to gambling charges – BostonHerald.com
May 15th, 2010 Before You Invest 3 Arkansas men plead guilty to gambling charges – BostonHerald.com: “Three Arkansas men have pleaded guilty to gambling charges that link them to another man previously indicted on gambling and weapons charges and accused of connections with organized crime on the East Coast, the U.S. attorney’s office said Friday.U.S.
Posted in Finance Fraud Tags: Authorities, Dana, Duke, East Coast, Gambling Link, Gene Baker, Illegal Gambling, Kuykendall, Milner, North Little Rock, Organized Crime, Weapons Comments OffAuthorities look into whether large banks misled investors
May 12th, 2010 Before You Invest Federal prosecutors are working with the Securities and Exchange Commission to look into whether some major banks, including Morgan Stanley, Deutsche Bank, UBS, JPMorgan Chase and Citigroup, might have misled investors regarding their role in collateralized debt obligations, a source said. Prosecutors reportedly are in the early stages of gathering evidence but have not issued subpoenas or started outlining potential cases.http://online.wsj.com/article/SB10001424052748704247904575240783937399958.html
Posted in Finance Fraud Tags: Authorities, Banks, Citigroup, Collateralized Debt Obligations, Deutsche Bank, Federal Prosecutors, Investors, Jpmorgan Chase, Morgan Stanley, Securities And Exchange, Securities And Exchange Commission, Subpoenas, Ubs, Wsj Comments OffSEC moves toward tracking high-frequency firms’ trades
April 7th, 2010 Before You Invest The Securities and Exchange Commission is conducting a cost-benefit analysis of tracking transactions of high-frequency trading firms. The agency is expected to go forward with the effort, sources said. The thought is to give each firm a unique identifier that would allow the SEC to monitor traders not registered as a broker-dealer or a market maker.
Posted in Finance Fraud Tags: Authorities, Broker Dealer, Computer Code, Cost Benefit Analysis, Dark Pools, Electronic Platforms, High Frequency, High Speed, Lawyer, Naked, Sec, Securities And Exchange, Securities And Exchange Commission, Stock, Stocks, Trades, Transparency, Wsj Comments OffCitigroup fined $1.25m for loan reporting mistakes
March 28th, 2010 Before You Invest Citigroup has received a $1.25m fine for failing to report over 90,000 loans to federal government in the US. The investment bank’s CitiFinancial unit is accused by authorities in 35 states of not disclosing 91,127 loans originating between 2004 and 2007.According to the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators, the subsidiary of the group has agreed to pay the full fine.An internal system error was blamed for the failure of Citigroup to make the authorities aware of the loans.Steven Antonakes, Massachusetts’ commissioner of banks, was quoted by Reuters as saying: “HMDA remains the primary tool we use to ensure compliance with honest lending laws and regulations.“By failing to accurately report all required transactions, CitiFinancial hampered our ability to complete that assessment.”The investment banking group clarified that the error was an unintentional mistake and no customers had been harmed.Lenders must inform the authorities of the number of loans they provide as part of the government’s Home Mortgage Disclosure Act.Banking regulators in Massachusetts were the first to learn the error by the group.
Posted in Finance Fraud Tags: 25m, Authorities, Citifinancial, Citigroup, Conference Of State Bank Supervisors, Federal Government, Hmda, Home Mortgage Disclosure, Home Mortgage Disclosure Act, Internal System Error, Investment Bank, Investment Banking Group, Laws And Regulations, Lenders, Massachusetts Commissioner, Regulators, Residential Mortgage, Reuters, State Bank, State Bank Supervisors Comments OffMiami lawyer who orchestrated a $1.2 billion Ponzi scheme helped federal agents nab a reputed Italian mafia figure living in Florida
March 17th, 2010 Before You Invest Miami lawyer who orchestrated a $1.2 billion Ponzi scheme helped federal agents nab a reputed Italian mafia figure living in Florida, authorities said.Scott Rothstein, 47, set up Roberto Settineri, who is wanted on organized crime charges in Palermo, Italy, The Miami Herald reported Tuesday.Settineri, 41, was arrested last week at his home in Miami Beach.Wearing a wire that linked him to federal agents, Rothstein allegedly talked Settineri into destroying two boxes of documents and laundering $79,000 from Rothstein’s investment scheme, a source close to the case told the Herald.”He knew Settineri. He was able to chat up Settineri,” the source said, speaking on the condition of anonymity.Settineri allegedly has ties to the Palermo crime family and the Gambino mob family in New York.Rothstein’s cooperation could enable him to receive special protection inside a federal prison when he is sentenced May 6 for fraud and money launderingMarc Nurik, Rothstein’s lawyer, could not be reached for comment and Settineri’s lawyer, Jeffrey Weiner, declined to comment.
Posted in Finance Fraud Tags: Anonymity, Authorities, Cooperation, Crime Family, Federal Agents, Federal Prison, Florida Lawyer, Florida Miami, Fraud, Investment Scheme, Italian Mafia, Living In Florida, Miami Beach, Miami Herald, Miami Lawyer, Mob Family, Organized Crime, Palermo Italy, Wearing A Wire, Weiner Comments OffChinese hacker school shut down – v3.co.uk – 8 Feb 2010
February 10th, 2010 Before You Invest A report in the China Daily newspaper claims that the country’s largest hacker training site has been shut down by the authorities.The paper said that three people have been arrested, and that assets to the value of ¥1.7m (£160,000) have been seized, suggesting that the site was huge business.The Black Hawk Safety Net site was set up in 2005, and had some 12,000 members, all of whom may have paid up to ¥2,000 (£190) for training in hacking and other online criminal activities.A further 170,000 people were registered on the site, but had not paid a fee and had received only low level hacking tips and tricks, according to the report.The authorities seized a number of web servers, five computers and a car.China’s recently made anti-hacking laws make it illegal to attack software and other computer programs.But the country’s reputation has recently been tarnished by allegations that hackers from the region have been involved in cyber attacks on Google and UK businesses.By David Neal
Posted in Finance Fraud Tags: Allegations, Assets, Authorities, Black Hawk, Chinese Hacker, Computer Programs, Cyber Attacks, Five Computers, Google, Google Uk, Hacker School, Hacker Site, Hacker Training, Hackers, Hacking Tips, Hawk, Reputation, Tips And Tricks, Uk Businesses, Web Servers Comments OffAllen Stanford trial set for 2011
December 19th, 2009 Before You Invest The trial of alleged fraudster Allen Stanford will not take place until 2011, a judge has ruled.Mr Stanford is accused of carrying out a $7 billion Ponzi scheme at his offshore bank in Antigua.As he is deemed a flight risk by US authorities, he will spend the year before his January 2011 trial in custody.The start date of the trial was a compromise between prosecutors, who wished to start the trial in September 2010, while defence lawyers were pushing for a summer 2011 date in order to better prepare their case.His chief financial officer James Davis has already pleaded guilty to fraud while Mr Stanford himself has denied all charges.
