tag:blogger.com,1999:blog-8743940585904963240Tue, 25 Mar 2025 02:46:14 +0000AMLACmoney launderingFraudAMLAnti-money launderingwire fraudbernie madoffPonzi SchemeFinancial integrityconspiracyMail Fraudamlac fraud newsbank fraudMoney Fraud NewsMedicare fraudNew York Timesfraud blogmoney laundering compliancefinancial fraudAnti-money laundering lawsComplianceFBIMortgage Fraudamlac 2009madoff fraudconspiracy to commit wire fraudcountries against money launderingcredit card fraudhedge fund fraudmoney fraudAnti-Money Laundering organizationsLinkedInReutersamlac blogfraud schemesecurities fraud$33m mortgage fraudFloridaHedge fundInsurance fraudRegulatory complianceTom PettersU.S. money launderingUS Department of JusticeWall street Journalfinancial fraud newsmoney laundering statuteEnronFBI investigationsMedicareSatyam Computer ServicesSubprime Mortgate Crisisfinancial institutionshedge fund newsidentity theftterrorist financingAllen StanfordBank of America CorpBank of ChinaBankruptcyBear StearnsCalifornia Mortgage FraudCanadaChen Shui-bianCorporate fraudDrug TraffickingFinCENFlorida Mortgage FraudIllegal activityIndiaKPMGMiamiMinnesotaNYTimesNational Century Financial EnterprisesPetters Group WorldwidePrevention of Money Launder ActRegulatory Risk and Compliance ForumSenateSupreme CourtTax fraudTom DeLayU.S. Attorney's OfficeWall Street CollapseWeb seminarbank regulatorybriberychicago tribunecivil fraud newsforbesfraud news bloggovernment conspiracyillegal operationmoney laundering in taiwanmortage fraudprepaid cardssatyam fraudscamsABCAIGAlberto VilerAnne HathawayAssociated PressBSABank Secrecy ActBankersBarack ObamaBloombergCNNCivil suitsCredit Suisse GroupDefrauded investorsDow JonesDrugsEUEnron Broadband ServicesEnterprise CorruptionEric HolderEuropean CommissionFATFFairfield Greenwich GroupFalse StatementsFinancial Action Task ForceFinancial Crimes Enforcement NetworkFinancial Services AuthorityFlorida bankersIncrease in fraudIndia BankingInsurance moneyInternational Monetary FundIrelandLargest Securities Fraud CaseLehman BrothersMarc S. DreierMarketWatchMassachusetts GeneralMedicaidNew JerseyNewsdayNicholas CosmoNorkom TechnologiesNorth CarolinaObama administrationOffice of the United States TrusteePenaltyRebecca ParrettSEC regulationsSamuel Israel IIISan FranciscoSecurity and exchange commissionStar TribuneSwiss banking lawsTaiwanThe World BankUS Securties FraudUnited NationsWal-MartWashington PostWilliam GalvinWisconsinaccounting fraudbribesbusiness fraudcasinochurch fraudcoloradocountries against money laundering.credit fraud casedemocratic progressive party of taiwanfalse documentsfinance newsfinancial integrity blogfraud industryfraud newsfraud preventionfraudulent loansgovernment fraudhealthcare fraudhockey fraudindustrial money launderingkansas citylaundering moneylong island fraudmadoff newsmedicaid fraudmedical fraudmichigan fraud newsmichigan money fraudmini-Madoffsmortgage fraud newsny fraudny mortgage fraudracketeeringreal estate fraudretail fraudrisk managementschemessociete generaletamil fraud newstax evasiontop mortgage fraud statesvirignia mortage bustvoter fraudwebinar$17 million mortgage frraud case1b fraud2008 Election2008 politics2008 presidential election92M mortgage fraudABAACORNAEY IncorporatedAL mayorAML explorerAML regulationsAPGASAP Advisor ServicesATFActimmuneAcuityAfghanistanAgentsAirlinesAlabamaAlan HevesiAllan StanfordAmerican Bankers AssociationAmerican ExpressAmerindo Investment AdvisorsAmit VijayAndrew MadoffAndrew YeoAnne DarwinAntonin ScaliaAshley Colin WalkesAsset Forfeiture and Money LaunderingAsset ManagementAttorney General HolderAttorney General Michael MukaseyAttorney GeneralsAustraliaBSA Magnetic Media Filing ProgramBanco SantanderBank Negara MalaysiaBank of New York MellonBank securityBanking TimesBayou GroupBerezovskyBerkshire HathawayBlack MarketBlagojevichBradley ReidermanBrazilian tax officialsBreach of contractBrent WilkesBristol-Myers SquibBrookstreetBrownsville FraudBulgaria State Agency for National SecurityCARD ActCFOCFTCIACalifornia fruadCanoeistCaronaCentral Bank of ChinaCertificate of DepositCharles G. MartinCharles MartinCharles WilsonCheckpoint surveyChen Shui-bainChinese money launderingClarence ThomasClarion LedgerClifton ParkCocaineCollection agencyColumbiaColumbusCommercial BankingCommodity Futures Trading CommissionComputer WorldConrad BlackConversionConvictionCorinthiansCornerstoneCounterfeit couponsCountrywide FinancialCoupon FraudCredit CrisisCredit marketsCriminal chargesCrown Prosecution ServiceCustoms and Border PatrolDANSDOJDaniel GonzalezDaniel J. PetroskiDaryl MilesData elementsData interpretationDatanomicDauphin CountyDavid GengerDebtDeficienciesDennis WoodDerrick ShepherdDetroit federal courtDiamond VenturesDiane HensonDisaster FraudDisclosure ActDiveroliDonald AyersDr. Gary KimmelDubai Islamic BankD’EliaE TradeE*TradeE-GoldEU CommisionEast St Louis DaycareEconomic crimesEconomic stateElectronic evidence in mortgage fraudEmbezzlementEnron PayoutEnron VictimsEquity SkimmingEuropeEx-Im BankFCCFDICFEMAFIBAFINRAFSAFannie MaeFannie Mae and Freddi MacFannie Mae wire Fraud caseFederal AgenciesFederal Communication ComissionFederal District CourtFederal Investigation into SemGroupFederal Reserve BoardFederal fundsFinancial meltdownFinancial statementsFirst Bank MortgageForeign currency tradersForgeryFormer Enron CEOFortune 500 companiesFrank BluesteinFraud Enforcement and Recovery Act of 2009Fraud task forceFraudulent TradingFredricksburgGAAPGEGOP leaderGareth DrabinskyGatwick airport JamaicaGeneral ElectricGraham KligermanGrassleyHSBCHarkonenHarvardHeriberto Camacho-GarciaHeritage MortgageHigh Point EnterpriseHillinger InternatinalHong Kong TradingHouse of RepresentativesHousonHoustonHouston ChronicleHow Wai John HuiHuron ConsultingHurrican GustavHurrican Gustave FraudHurricane KatrinaHurricane Katrina Fraud Task ForceIMFIRSITIdentificationIndia fraudIndyMacInfomercial fraudInternaional fraudInvestment Banking firmsInvestment bankInvestment fraudInvestment reportsIra SnorkinIrving PicardJVCJagmeet ChannaJames DavisJames EllisJeffery NeimanJeffrey PicowerJewelers Vigilance CommitteeJim BunningJim EllisJohn A. YanchekJohn ColyandroJohn CoyandroJohn DarwinJohn E. WalshJohn GouldJohn PistoleJohn WalshJohnson CityJoseph ForteJoseph HirkoJulian TzolovJulius Meinl VKWCHKYCKaiserKansasKentuckyKevin BaconKeyCorpKira SedgwickKristi RoseKyle FoggoLA TimesLance PaulsonLangfordLargest Hacking and Identity Theft caseLarry TaylorLauren ColaLaw enforcementLeahyLeib PitnerLes JosephLexingtonLinda WoolfLisa BardenLiventLoansLondonLongtop Financial TechnologiesLouisianaLouisiana state senatorMCubeMLBMadoff lossesMadoff scandalMajor firmsMark MadoffMark TurkanMary WongMayor Sharpe JamesMeinl European LandMelanie HorvathMerrill LynchMetaBankMiami-Dade county mortgage fraudMichael JoyceMichael RufinoMichael VickMichael WheelhouseMidway Medical CenterMiguel MartinezMinneapolisMissouriMohamed EssaMoney Fund ForumMoney seizureMonica NoelMonica OwensMortgage Asset Research InstituteMortgage forclosureMortgage fraud task forceMortgage securitiesMs. WuMutual FundsMyron GottliebNJ corruptionNJ political scandalNY GiantsNY TimesNYC money fraudNapa FraudNasdaq OMX Group IncNashville PredatorsNational 1031 ExchangeNational Mortgage Fraud teamNegligenceNet AssetNew YorkNew York City lawyerNew budget proposal from white houseNewarkOCCOFACOmahaOne World Capital GroupOpera patronOppenheimerOppenheimer and CoOutsourcingPMLAPNC BankPain management facilityPakistanPalm BeachPayPalPennsylvaniaPhiladelphiaPhoenixPicowerPicower FoundationPolitically sensitive social programsPollPrescription fruadPresident-Elect ObamaPrivateFX Global OnePromoting gablingPublic healthRFPRICORachel RojasRandolph SpeerRandy CunninghamRate SearchReed AbendRefinancing fraudReported earningsReported revenueReportingRepublican Natinoal State Elections CommitteeReserve Primary FundResource CenterRetirementRicardo FigueradoRichard StahlRobby OwensRobert AllenRobert D. WatsonRobert KhuzamiRobert ManleyRobert MuellerRobert mullerRon SaylorRonnie EarleRoss MandellRuderman Capital PartnersRussiaS.E.C. Federal prosecutorsS.W.I.F.T.SARSBLCsSECSEC Enron Fair FundSamuel AlitoSatyam scandalScott LusterScott YeagerSecrurities FraudSecurities Fraud Class Action SuitsSecurities Fraud Class Action Suits on the RiseSecurity breachesSemGroupSemGroup BankruptcySemGroup Energy PartnersSenate Judiciary CommitteeSheriff Greg BartlettSindicatum HoldingsSky CapitalSmall Business AssociationSocial Security AdministrationSolomon DwekSouth FloridaSouth Florida Mortgage FraudSovereign BancorpSt PaulStanford Financial GroupStanford Law School Securities Class Action ClearinghouseStanley BrooksState ComptrollerState Court JudgeSteven O'BrienStock tradingStudent Finance CorpSun Country AirlinesSuzanne WilliamsSwitzerlandSynagro TechnologiesTARP fraudTaipeiTampaTaped Madoff CallTeach Me to TradeTech MahindraTerrance ColeTexas HouseTexas financerThe Bangladesh BankThe Business InsiderThird Court of AppealsThomas DiNapoliThomasvilleTim GeithnerTimes CallTrialU.S. House Majority LeaderU.S. Secretary of CommerceUBSUS Attorneys OfficeUS CongressmanUS Department of DefenseUS Department of the TreasuryUS Task forceUnited Bank for AFricaUnited KingdomUnited States BanksUnitied States BankingUpdateVaticanVerification of assetsVienna Stock ExchangeVisaWachovia BankWaldropWall Street FraudWalter M. NoelWest JetWhite collar investigatorsWhtie House BudgetWilliam JeffersonWire tapsWisconsin Supreme CourtWu Shu-chenYeh Sheng-maoZurichagilityakamaial-Qaedaalan e sorcherallen brostamir efratiamlac financial integrityamlac newsamlac speaker profileandrew cuomoanti-virusarkansas credit fraudasatooriansautomated telephone fraudbaltimore mayorbelgiumbidbay.combiggest fraud in 20 years VAbillionairebogus forclosure rescuebreach of fiduciary dugybrian krebsbrooklyn nycalifornia fraudcall centercancun fraudcasino fraudcharles schwabchicagochicago cubschicago fraud newschicago sun timeschinachurch of scientologyclass action suits fraudcollateralcombat fraudcomplex fraud unitcomputer intrusionconspiracy to commit mail fruadcounterfeit checkscrime in 2008criminalcriminal fraudcriminal organizationsdallas morning newsdaniel horwitzdavid friehlingdebtsdistrict attorney new yorkdr robert weinsteindrug cartelse-filingebay fraudeuropean fraudexecutive payfacebookfechetfinacial fraud newsfinance blogfinancial bail outfinancial crisisfinancial fraud californiafinancial intefinancial newsflorida ponzi schemeforged credit cardsformer bank of china managersfradulent credit card usefraud and money launderingfraud detectionfraud determining 2008 presidential electionfraud deterrencefraud ponzifraud reportingfraud rodney schwatkenfraudnewsfraudulent certificate of depositsfreezing assetsfrenchfrench traderfruadftcfugitivesgaminggene sullivangeorge guldigooglegovernment fraud newsgrand thefthappy holidays from AMLAChealthcareherald onlinehigh profile fraud caseshiltonillicit tradeillinois fraudindian fraudindictmentinsider tradinginsuranceinsurance executive fraud.internet fraudinvestment scaminvestment securitiesisrael fraudjefferson county commissionjennifer 8 leejerome kervieljohn wagnerjosepth cotchettjustice leaguekickbackskuwaitlatimeslaundering newslegal money launderinglinda satterloan transactionslondon hedge fundslong island hedge fund managerslottery fraudlottery ringlouisiana fraudmadoff accountantmadoff interviewmadoff rulingmanhattan bank fraudmarital coercionmarket fraudmassachuettsmatthew weitzmanmcmansionmedicaid newsmedical fraud californiamedical supplies fraudmob boss William “Big Billy” D’Eliamoney laundering newsmoney laundering productsmoney schemesmoney tradersmort zuckermanmortgage fraud FBImortgage investgationsmortgage newsmsn moneymuskegonnarcoticsnasdaq marketnew york fraudnovastarny daily newsnyc fraudocc press roomoil fraudonevueongoing fraud lawsuitsonline University of Jihadonline gambling sitesoperation rain checkorganized crime ringpassport fraudpetters convictionpetters newspetty fraudpharma fraudpharma newsphilantropistphonetically-matchingponzi scheme newspriscilla villbrozaprisonprivate banksprofitsprosecution of fraudpublic employee fraudrag rajaratnamrajaratnamreceiptsretail theftron lieberruling on AIG and Berkshire Hathaway caseruth madoffsan jose sharksscott rothsteinseattlesec regional officesecurities fraud and irssecuritizing loanssecurity threatssenior citizenssettlementsf chroniclesheila dixonshopliftingsilicon valleysocial security fraudsoposorensonsouth carolinaspainspam emailspeaker profilestimulus fraudstock market scamsstolen credit cardsstraw buyersstraw purchasesstuart levinesuspicious activity reportsuspicious tradesswedensyndicated gold depositorytax refundtaxpayersterror financingterrorismtexas fraudtexas medicare fraudtod schaffertop cited incidents of mortgage fraudtrading fraudtrendstribune mediatwitterukuk serious fraud officeunited states fraudus fraudus governmentvacation fraudventure capitalistvoice mailswashington state money launderingwealth managementweb based programweb securitywilliam del biaggiowire fraud newswrigley fieldYour Fraud, Compliance and Risk Management Source for Maintaining the Integrity of Global Financial Institutionshttp://amlac1blog.iirusa.com/noreply@blogger.com (Yury Rush)Blogger317125tag:blogger.com,1999:blog-8743940585904963240.post-8612539682250234592Tue, 05 Jan 2010 15:23:00 +00002010-01-05T10:48:23.734-05:00amlac fraud newsfraud ponzigene sullivanherald onlinesouth carolinaSouth Carolina businessman, Gene Sullivan admitted Monday in federal court that he spent as much as $1.2 million on himself. This comes after at least 15 years and more than $2.5 million of phony investments stolen from at least 35 people, reports HeraldOnline.com.Sullivan, 63, a Rock Hill insurance agent and broker for New York Life for more than 30 years, pleaded guilty in Columbia to one counthttp://amlac1blog.iirusa.com/2010/01/sc-ponzi-businessman-pleads-guilty.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-1079711212906371041Tue, 22 Dec 2009 17:04:00 +00002009-12-22T12:08:16.174-05:00hedge fund fraudhedge fund newsponzi scheme newsrag rajaratnamtamil fraud newsAccused fraudster, Raj Rajaratnam and executive at New Castle Funds LLC. Danielle Chiesi appeared in Manhattan federal court to plead not guilty to insider trading, conspiracy and securities fraud, reports HedgeCo.net.Bloomberg reports that the two appeared in Manhattan federal court today to plead not guilty in an insider trading case that allegedly generated more than $20 million in illegal http://amlac1blog.iirusa.com/2009/12/rajaratnam-and-chiesi-plead-not-guilty.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-5852115156301788022Thu, 17 Dec 2009 14:48:00 +00002009-12-17T09:52:21.567-05:00amlac fraud newsfraud blogfraud industryMedicare fraudThe New York Times reports that Federal agents arrested 26 suspects in three states on Tuesday, including a doctor and nurses, in a crackdown on Medicare fraud totaling $61 million.The raids came a week after a report that Miami-Dade County got more than half a billion dollars from Medicare in home health care payments intended for the sickest patients in 2008, more than the rest of the country http://amlac1blog.iirusa.com/2009/12/26-arrested-in-three-states-in-medicare.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-1213635661019268172Wed, 16 Dec 2009 16:43:00 +00002009-12-16T11:48:30.716-05:00akamaiamlac fraud newsconspiracygooglehiltonindian fraudrajaratnamtamil fraud newsBloomberg.com reports that Raj Rajaratnam, the billionaire Galleon Group LLC founder, and Danielle Chiesi, an executive at New Castle Funds LLC, were indicted by a federal grand jury for using inside information to profit from stock trades.The indictment includes 11 counts of securities fraud and conspiracy against Rajaratnam and 10 counts against Chiesi stemming from trades that allegedly http://amlac1blog.iirusa.com/2009/12/rajaratnam-chiesi-indicted-in-new-york.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-1733698238706840032Thu, 10 Dec 2009 15:32:00 +00002009-12-10T10:39:21.472-05:00amlac fraud newsfinancial integrity blogfraud news blogInsurance fraudlouisiana fraudIFAwebnews.com reports that Louisiana agent, Jolie R. Bonvillian, 40, of Violet has been arrested and accused of 424 counts of forgery, 339 counts of bank fraud, 85 counts of insurance fraud and three counts of theft. State police say an investigation began when troopers from its insurance fraud/auto theft unit received a complaint from Progressive Insurance Co., concerning an “unusually large” http://amlac1blog.iirusa.com/2009/12/louisiana-agent-accused-of-stealing-29.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-1444704640272103640Wed, 09 Dec 2009 18:36:00 +00002009-12-09T13:40:17.348-05:00AMLACBrookstreetFraudMortgage securitiesReutersRobert KhuzamiStanley BrooksAccording to Reuters, Stanley Brooks, former President and Chief Executive of Brookstreet group have been charged with fraud. They promoted risky mortgage securities to customers after they were warned that the securities were dangerous, illiquid and inappropriate for retail investors. A statement from Robert Khuzami, director of the SEC's Division of Enforcement, said: "These were complex http://amlac1blog.iirusa.com/2009/12/brookstreet-and-ceo-charged-with-fraud.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-8743940585904963240.post-266739919241448694Mon, 07 Dec 2009 15:46:00 +00002009-12-07T10:49:42.900-05:00amlac fraud newsflorida ponzi schemefraud blogfraud industryPonzi Schemescott rothsteinThe Associated Press reports that attorneys sorting through the books of disbarred Florida lawyer Scott Rothstein have uncovered handsome salaries for the disgraced attorney and his partners.In 2008, Rothstein collected $35 million. Stuart Rosenfeldt, a 50 percent partner, received more than $6 million, and name partner Russell Adler was paid $888,000.The law firm is now in bankruptcy, and http://amlac1blog.iirusa.com/2009/12/alleged-ponzi-scheme-uncovered-in.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-8713204741877500760Thu, 03 Dec 2009 15:07:00 +00002009-12-03T10:11:16.538-05:00amlac fraud newspetters convictionpetters newsPonzi SchemeTom PettersYesterday a Minnesota jury found businessman Tom Petters guilty for his $3.65B ponzi scheme. The Wall Street Journal reports that, Petters guilty sentence contains 20 counts of wire fraud, mail fraud, money laundering and conspiracy, potentially consigning him to life in prison without parole.Petters case has been overshadowed by fellow ponzi-schemer, Bernie L. Madoff.Petters Found Guilty of Fraudhttp://amlac1blog.iirusa.com/2009/12/tom-petters-found-guilty-of-365b-ponzi.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-1359525960212072216Wed, 02 Dec 2009 14:34:00 +00002009-12-02T09:38:07.044-05:00baltimore mayorgovernment conspiracygovernment fraudgovernment fraud newssheila dixonBaltimore mayor, Sheila Dixon, was convicted yesterday on a single charge she took gift cards intended for the city’s poor. Although she was acquitted of felony theft charges, her misdemeanor conviction could force her from office, reports the Associated Press. Jurors deliberated more than six days after hearing accusations that the Democrat improperly used or kept $630 worth of gift cards. She http://amlac1blog.iirusa.com/2009/12/baltimore-mayor-convicted-of-fraud.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-1931686101501384377Wed, 18 Nov 2009 20:03:00 +00002009-11-18T15:08:16.614-05:00Eric HolderFinancial meltdownFraudFraud task forcemoney launderingObama administrationUS Task forceThe Obama Administration has created a new task force that will work to combat fraud. It will replace the task force that Bush for the same reason.U.S. Attorney General Eric Holder stated, "This task force's mission is not just to hold accountable those who helped bring about the last financial meltdown, but to prevent another meltdown from occurring. By punishing criminals for their actions, wehttp://amlac1blog.iirusa.com/2009/11/new-federal-task-force-to-fight-fraud.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-8743940585904963240.post-8908089955202310535Tue, 17 Nov 2009 15:43:00 +00002009-11-17T10:49:57.646-05:001b fraudagilityamlac fraud newskuwaitus governmentThe Denver Post reports that a federal grand jury has indicted a Kuwait- based company for an alleged series of schemes that U.S. officials say amounted to a "massive overcharging" of the U.S. government for food the company provided to soldiers stationed overseas.According to civil court records, the alleged acts have cost taxpayers more than $1 billion.The criminal indictment, which was http://amlac1blog.iirusa.com/2009/11/agility-indicted-in-fraud-case.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-6933012944113475087Mon, 16 Nov 2009 16:22:00 +00002009-11-16T11:26:24.740-05:00AMLAMLACmoney launderingracketeeringUS CongressmanWilliam JeffersonAccording to this post on IBN Live a former US Congressman William Jefferson has been sentenced to 13 years in jail after being found guilty in August of collecting bribes for personal interests after police found $90,000 stored in his freezer.Jefferson lost his seat in 2008 elections after voters were completely turned off by all the indictments of bribery and money laundering. In exchange for http://amlac1blog.iirusa.com/2009/11/former-us-congressman-faces-13-years-in.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-3498396662978416832Thu, 12 Nov 2009 14:53:00 +00002009-11-12T10:00:04.080-05:00hedge fund fraudhedge fund newslondon hedge fundsuk serious fraud officeWall street JournalThe Wall Street Journal reports that London-based hedge fund group, Dynamic Decisions Capital Management Ltd. is being investigated by the U.K. Serious Fraud Office in connection with suspicions about the firm's investment activities in connection with its Cayman Islands-registered fund called Dynamic Decisions Growth Premium Master Fund Ltd.For more information about the investigation, please http://amlac1blog.iirusa.com/2009/11/uk-fraud-office-investigates-london.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-2286510450478020396Wed, 11 Nov 2009 19:32:00 +00002009-11-11T14:35:10.643-05:00AMLAML regulationsAMLACAnti-money launderingCARD ActDisclosure Actprepaid cardsRecently, the prepaid industry has been under heavy scrutiny and with the addition of the Credit Card Accountability, Responsibility and Disclosure Act going into effect on February 22, 2010 even more provisions will apply to gift certificates, store gift cards and general-use prepaid cards. This article from Bankrate.com highlights how expiration and inactivity fees, for example, will be very http://amlac1blog.iirusa.com/2009/11/how-will-card-act-impact-aml.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-4904947870436913973Thu, 05 Nov 2009 17:25:00 +00002009-11-05T12:30:23.392-05:00Financial integrityFloridaFlorida bankersFlorida Mortgage Fraudmortgage fraud newsRealEstateChannel.com reports that The Justice Dept. has charged 105 mortgage company representatives, brokers and other individuals in fraudulent schemes that have netted them $400 million in loans on 700 properties in Florida. In the four Florida markets targeted by federal and local law enforcement agencies over a nine-month period, 32 defendants are from Fort Myers, 30 from Tampa, 24 from http://amlac1blog.iirusa.com/2009/11/105-charged-in-wide-spread-florida.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-878249696361470583Tue, 03 Nov 2009 16:16:00 +00002009-11-03T11:18:52.778-05:00bernie madoffdavid friehlingPonzi Schemesecurities fraud and irsAs predicted last week Bernie Madoff's accountant, David Friehling, has plead guilty this morning to his involvement in Madoff's ponzi scheme. NBC reports that in addition to securities fraud, Friehling was also charged with investment adviser fraud, making false filings to the Securities and Exchange Commission and obstructing the IRS.Friehling becomes the second known Madoff associate to http://amlac1blog.iirusa.com/2009/11/madoff-accountant-pleads-guilty.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-6559941346243833758Fri, 30 Oct 2009 18:17:00 +00002009-10-30T14:19:12.351-04:00bernie madoffmadoff accountantmadoff newsPonzi SchemeNewsday.com reports that Bernard Madoff's former accountant will likely plead guilty on November 3rd to a variety of fraud and other charges in connection with largest Ponzi scheme ever to hit Wall Street, officials said Friday.In a letter filed in federal court in Manhattan, Assistant U.S. Attorneys Lisa Baroni and Marc Litt said that it is expected that David G. Friehling, 49, of upstate New http://amlac1blog.iirusa.com/2009/10/guilty-plea-expected-from-madoffs.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-5411753092359603362Thu, 29 Oct 2009 13:21:00 +00002009-10-29T09:50:27.514-04:00AMLACbernie madoffFraudIrving Picardmoney launderingPonzi SchemeLooks like progress is slowly being made in Bernie Madoff's $65 billion Ponzi scheme. This article in Bloomberg discusses Madoff's liquidators are making repayments of about $534.2 million to 1,558 victims that suffered losses. There have been over 16,000 claims made since Bernie's arrest back in December, so there is still a long way to go. Irving Picard, a trustee, was able to recover $1.4 http://amlac1blog.iirusa.com/2009/10/more-money-is-being-advanced-to-madoff.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-5109236567684983266Tue, 27 Oct 2009 14:27:00 +00002009-10-27T10:28:23.975-04:00amlac financial integrityamlac fraud newschurch fraudchurch of scientologyfinancial fraudCNN International reports today that a French court on Tuesday convicted the Church of Scientology and six of its members of organized fraud, but stopped short of banning the church.The court also fined the members as much as 400,000 euros ($595,000) each.The decision follows a three-week trial in May and June, during which two plaintiffs said they were defrauded by the organization, which is http://amlac1blog.iirusa.com/2009/10/french-court-convicts-church-of.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-8135574259315925584Mon, 26 Oct 2009 13:31:00 +00002009-10-26T10:00:08.937-04:00AMLACbernie madoffJeffrey Picowermoney launderingPicowerPicower FoundationPonzi SchemeA recent article in CNN mentioned that an investor of Madoff's Ponzi scheme recently died in his Florida pool. Jeffry Picower, a 67 year old investor from Florida was found dead in his swimming pool in Palm Beach.Jeffry's Picower Foundation had announced earlier that it was shutting down because of losses from the Madoff sheme. His recent tax return valued the portfolio at $955 million. There arehttp://amlac1blog.iirusa.com/2009/10/madoff-investor-dies-in-swimming-pool.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-6919368154895853165Tue, 20 Oct 2009 14:28:00 +00002009-10-20T10:31:51.382-04:00amlac fraud newscomplex fraud unitfraud blogmanhattan bank fraudmortgage fraud newsYesterday, The Wall Street Journal reported that Preet Bharara, the U.S. Attorney in Manhattan, named the heads of his office's newly created Complex Frauds Unit on Monday. Anirudh Bansal and Jonathan Kolodner were named as chiefs of the new unit, which will oversee the investigation and prosecution of bank fraud, mortgage fraud, health-care fraud and tax fraud, as well as cyber crimes. http://amlac1blog.iirusa.com/2009/10/manhattan-us-attorney-names-heads-of.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-8517784663008394910Mon, 19 Oct 2009 13:29:00 +00002009-10-19T09:32:36.649-04:00amlac fraud newsfinancial fraud newsPonzi SchemeThe Detroit News reports today that the FBI has joined the investigation surrounding an alleged $53 million Ponzi scheme, according to documents filed in federal court in Detroit.Until now, the alleged "Billionaire Boys Club" scheme involving businessmen John J. Bravata of Brighton and Richard J. Trabulsy of Northville has been a civil case, with the U.S. Securities and Exchange Commission http://amlac1blog.iirusa.com/2009/10/fbi-joins-53m-fraud-investigation.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-4315975492776256066Wed, 14 Oct 2009 14:09:00 +00002009-10-14T10:25:06.885-04:00amlac fraud newsasatoorianscancun fraudfacebookfinancial integrity blogsopoThe Associated Press reports today that 26-year-old native of Cameroon is now in a Mexico City jail, where he is awaiting extradition to the United States on bank fraud charges -- thanks to his incessant post on Facebook about the high life in Cancun and befriending a special FBI agent.Federal prosecutors say he and an associate falsely obtained more than $200,000 from Seattle-area banks and http://amlac1blog.iirusa.com/2009/10/fraudster-nabbed-thanks-to-facebook.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-2791623769564482140Tue, 13 Oct 2009 19:22:00 +00002009-10-13T15:25:36.219-04:00AMLAMLACAnti-money launderingmoney launderingAccording to this post on isleofman.com 69 year old Trevor Baines has been found guilty of money laundering. The prosecution claimed that Mr. Baines knew the origin of the $175 million he received through the Isle of Man Bank, which was the result of a massive fraud on US shareholders. Although he and his wife denied that they knew how the money was obtained, they both have been charged.http://amlac1blog.iirusa.com/2009/10/millionaire-guilty-of-money-laundering.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-8743940585904963240.post-3875786911498358081Thu, 08 Oct 2009 14:08:00 +00002009-10-08T10:11:49.963-04:00amlac fraud newscalifornia fraudfinacial fraud newsFinancial integrityfraud blogThe New York Times reports that in what it is calling Operation Phish Phry, the F.B.I. began arresting 53 people on Wednesday on charges of conducting a vast financial fraud based on phishing — the act of tricking Internet users into revealing their passwords and other information.The arrests were in Southern California, Nevada and North Carolina, while the authorities in Egypt sought to arrest http://amlac1blog.iirusa.com/2009/10/fbi-indicts-dozens-in-online-bank-fraud.htmlnoreply@blogger.com (Unknown)0