May 5, 2012
FBI: We need wiretap-ready Web sites - now
May 4, 2012
FBI: We need wiretap-ready Web sites - nowCNET learns the FBI is quietly pushing its plan to force surveillance backdoors on social networks, VoIP, and Web e-mail providers, and that the bureau is asking Internet companies not to oppose a law making those backdoors mandatory.
The FBI is asking Internet companies not to oppose a controversial proposal that would require firms, including Microsoft, Facebook, Yahoo, and Google, to build in backdoors for government surveillance.
In meetings with industry representatives, the White House, and U.S. senators, senior FBI officials argue the dramatic shift in communication from the telephone system to the Internet has made it far more difficult for agents to wiretap Americans suspected of illegal activities, CNET has learned.
The FBI general counsel's office has drafted a proposed law that the bureau claims is the best solution: requiring that social-networking Web sites and providers of VoIP, instant messaging, and Web e-mail alter their code to ensure their products are wiretap-friendly.
"If you create a service, product, or app that allows a user to communicate, you get the privilege of adding that extra coding," an industry representative who has reviewed the FBI's draft legislation told CNET. The requirements apply only if a threshold of a certain number of users is exceeded, according to a second industry representative briefed on it. Read Full Article .. Here
Showing posts with label financial fraud. Show all posts
Showing posts with label financial fraud. Show all posts
Saturday, May 5, 2012
Friday, May 4, 2012
Currency Market Scams ... Foreign Currencies ...
Monopolizing The Currency Market
Monopolizing a market is done by creating multiple blog spots and/or Forums which all link back to a Master Forum. This generates add revenue for the Master forum. Most of these sites are flagged for unethical as well as illegal activitity including Wire fraud, Mail fraud, and Violations Committed under the unlawful sales of securities pursuant to 11 51 301
One of the many lawsuits under investigation ... http://www.dora.state.co.us/securities/pdf_forms/enforcement/amiraq-verified-petition.pdf
Foreign Exchange Investment Fraud ~ Link ~ Crimes of Persuasion
__
Foreign Exchange Scam
The Washington State Department of Financial Institutions is warning consumers about potential scams regarding Iraqi Dinar currency exchange services. While foreign exchange scams are not new, the sudden popularity with the Dinar and resulting consumer complaints to our banking partners is concerning. Consumers can read about the investment-related risks in our previously-released consumer alert ...
“Forex: Risky Business?” at link Several websites have recently begun advertising investment opportunities in Iraqi Dinars, the currency of Iraq. These websites are asking the consumers to send a check, wire, money order, or pay cash upon delivery of the Dinars.
Monopolizing a market is done by creating multiple blog spots and/or Forums which all link back to a Master Forum. This generates add revenue for the Master forum. Most of these sites are flagged for unethical as well as illegal activitity including Wire fraud, Mail fraud, and Violations Committed under the unlawful sales of securities pursuant to 11 51 301
One of the many lawsuits under investigation ... http://www.dora.state.co.us/securities/pdf_forms/enforcement/amiraq-verified-petition.pdf
Foreign Exchange Investment Fraud ~ Link ~ Crimes of Persuasion
__
Foreign Exchange Scam
The Washington State Department of Financial Institutions is warning consumers about potential scams regarding Iraqi Dinar currency exchange services. While foreign exchange scams are not new, the sudden popularity with the Dinar and resulting consumer complaints to our banking partners is concerning. Consumers can read about the investment-related risks in our previously-released consumer alert ...
“Forex: Risky Business?” at link Several websites have recently begun advertising investment opportunities in Iraqi Dinars, the currency of Iraq. These websites are asking the consumers to send a check, wire, money order, or pay cash upon delivery of the Dinars.
Who is Mr. IQD? Inquiring Minds Would Like To Know ...
Related article .. Badmouthing, Bad For Business? Badmouthing used as a defense mechanism, highlighting someone else’s flaws because it hides their own weaknesses
May 5, 2012
Who is Mr. IQD? Inquiring Minds Would Like To Know ...
Buyers Beware .. To Deduce ... who is left? It's easy to figure out through .. Deduction ...Deduce ..
To derive or draw; to derive by logical process; to obtain or arrive at as the result of reasoning; to gather, as a truth or opinion, from what precedes or from premises; to infer; -- with from or out of.*To take away; to deduct; to subtract; as, to deduce a part from the whole. *To lead forth.
So .. who is Not mentioned Here? .. and .. Here?
Thanks Gerald O ... for the following
May 4, 2012
New to the Iraqi Dinar scene. Mr. IQD. Inquiring minds would like to know who you are?
Are you for real or for profit? Are you sincere, or are you deflecting the spotlight? Let us know who you are Mr. Anonymous. ....
May 5, 2012
Who is Mr. IQD? Inquiring Minds Would Like To Know ...
Buyers Beware .. To Deduce ... who is left? It's easy to figure out through .. Deduction ...Deduce ..
To derive or draw; to derive by logical process; to obtain or arrive at as the result of reasoning; to gather, as a truth or opinion, from what precedes or from premises; to infer; -- with from or out of.*To take away; to deduct; to subtract; as, to deduce a part from the whole. *To lead forth.
So .. who is Not mentioned Here? .. and .. Here?
Thanks Gerald O ... for the following
May 4, 2012
New to the Iraqi Dinar scene. Mr. IQD. Inquiring minds would like to know who you are?
Are you for real or for profit? Are you sincere, or are you deflecting the spotlight? Let us know who you are Mr. Anonymous. ....
Thursday, May 3, 2012
Social Engineering and Financial Fraud Committed Over The Internet ~ What To Look For ...
Social engineering (security)
Social engineering is commonly understood to mean the art of manipulating, Psychological manipulation is a type of social influence that aims to change the perception or behavior of others through underhanded, deceptive, or even abusive tactics.
By advancing the interests of the manipulator, often at the other's expense, such methods could be considered exploitative, abusive, devious, and deceptive. people into performing actions or divulging confidential information.
The people who need to hide their crimes say it is similar to a confidence trick or simple fraud, the term typically applies to trickery or deception for the purpose of information gathering, fraud, or computer system access; in most cases the attacker never comes face-to-face with the global criminals/victims.
Accusers say "Social engineering" as an act of psychological manipulation was popularized by hacker-turned-consultant Kevin Mitnick. Global criminals name the term as associated with the social sciences, but its usage has caught on among computer professionals
Social engineering techniques and terms
All social engineering techniques are based on specific attributes of human decision-making known as cognitive biases. These biases, sometimes called "bugs in the human hardware," are exploited in various combinations to create attack techniques, some of which are listed here:
Pretexting
Social engineering is commonly understood to mean the art of manipulating, Psychological manipulation is a type of social influence that aims to change the perception or behavior of others through underhanded, deceptive, or even abusive tactics.
By advancing the interests of the manipulator, often at the other's expense, such methods could be considered exploitative, abusive, devious, and deceptive. people into performing actions or divulging confidential information.
The people who need to hide their crimes say it is similar to a confidence trick or simple fraud, the term typically applies to trickery or deception for the purpose of information gathering, fraud, or computer system access; in most cases the attacker never comes face-to-face with the global criminals/victims.
Accusers say "Social engineering" as an act of psychological manipulation was popularized by hacker-turned-consultant Kevin Mitnick. Global criminals name the term as associated with the social sciences, but its usage has caught on among computer professionals
Social engineering techniques and terms
All social engineering techniques are based on specific attributes of human decision-making known as cognitive biases. These biases, sometimes called "bugs in the human hardware," are exploited in various combinations to create attack techniques, some of which are listed here:
Pretexting
Friday, December 23, 2011
Report on Ponzi Schemes
December 19, 2011
CNBC's Scott Cohn reports on more than $1.5B in losses as a result of Utah ponzi schemes.
Link ~ Utah: Welcome to Ponziland! - CNBC
CNBC's Scott Cohn reports on more than $1.5B in losses as a result of Utah ponzi schemes.
Link ~ Utah: Welcome to Ponziland! - CNBC
Monday, November 28, 2011
Social Engineering and Financial Fraud Committed Over The Internet ~ What To Look For ...
Social engineering (security)
Social engineering is commonly understood to mean the art of manipulating, Psychological manipulation is a type of social influence that aims to change the perception or behavior of others through underhanded, deceptive, or even abusive tactics.
By advancing the interests of the manipulator, often at the other's expense, such methods could be considered exploitative, abusive, devious, and deceptive. people into performing actions or divulging confidential information.
The people who need to hide their crimes say it is similar to a confidence trick or simple fraud, the term typically applies to trickery or deception for the purpose of information gathering, fraud, or computer system access; in most cases the attacker never comes face-to-face with the global criminals/victims.
Accusers say "Social engineering" as an act of psychological manipulation was popularized by hacker-turned-consultant Kevin Mitnick. Global criminals name the term as associated with the social sciences, but its usage has caught on among computer professionals
Social engineering techniques and terms
All social engineering techniques are based on specific attributes of human decision-making known as cognitive biases. These biases, sometimes called "bugs in the human hardware," are exploited in various combinations to create attack techniques, some of which are listed here:
Pretexting
Pretexting is the act of creating and using an invented scenario (the pretext) to engage a targeted victim in a manner that increases the chance the victim will divulge information or perform actions that would be unlikely in ordinary circumstances.
Continues ..
Social engineering is commonly understood to mean the art of manipulating, Psychological manipulation is a type of social influence that aims to change the perception or behavior of others through underhanded, deceptive, or even abusive tactics.
By advancing the interests of the manipulator, often at the other's expense, such methods could be considered exploitative, abusive, devious, and deceptive. people into performing actions or divulging confidential information.
The people who need to hide their crimes say it is similar to a confidence trick or simple fraud, the term typically applies to trickery or deception for the purpose of information gathering, fraud, or computer system access; in most cases the attacker never comes face-to-face with the global criminals/victims.
Accusers say "Social engineering" as an act of psychological manipulation was popularized by hacker-turned-consultant Kevin Mitnick. Global criminals name the term as associated with the social sciences, but its usage has caught on among computer professionals
Social engineering techniques and terms
All social engineering techniques are based on specific attributes of human decision-making known as cognitive biases. These biases, sometimes called "bugs in the human hardware," are exploited in various combinations to create attack techniques, some of which are listed here:
Pretexting
Pretexting is the act of creating and using an invented scenario (the pretext) to engage a targeted victim in a manner that increases the chance the victim will divulge information or perform actions that would be unlikely in ordinary circumstances.
Continues ..
Who's Who ...
Iraqi dinar Money.com .. source for hundreds of dinar sites .. who are they? who owns them? Dinar Dealers .. A lucrative business .. find out more ... go to the Link
Also read .. Pharming – Redirecting website traffic to bogus sites
Thursday, November 24, 2011
Pharming – Redirecting website traffic to bogus sites
What is Pharming?
Pharming (pronounced “farming”) is another form of online fraud, very similar to its cousin phishing. Pharmers rely upon the same bogus Web sites and theft of confidential information to perpetrate online scams, but are more difficult to detect in many ways because they are not reliant upon the victim accepting a “bait” message. Instead of relying completely on users clicking on an enticing link in fake email messages, pharming instead re-directs victims to the bogus Web site even if they type the right Web address of their bank or other online service into their Web browser.
Continues ..
Monday, November 21, 2011
Company, National Equities Holdings, Inc. with $1.4 Million Commodity Pool Fraud
November 16, 2011
Company, National Equities Holdings, Inc. with $1.4 Million Commodity Pool Fraud
CFTC Charges California Residents Robert Cannone, Thomas Breen, and Francis Franco and Their Company, National Equities Holdings, Inc. with $1.4 Million Commodity Pool Fraud
The defendants charged with fraudulent solicitation, misappropriation of customer funds, and false statements
Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a complaint in federal court in Santa Ana, Calif., charging defendants Robert J. Cannone of Laguna Niguel, Thomas B. Breen of San Juan Capistrano, Francis Franco of Anaheim, and their company National Equity Holdings, Inc. of Laguna Niguel, with fraudulently operating a $1.4 million commodity futures pool and with registration violations.
The CFTC complaint, filed in the U.S. District Court for the Central District of California, alleges that from at least May 2009 through at least May 2010, the defendants fraudulently solicited and accepted at least $1.4 million from 20 or more individuals to trade commodity futures contracts by participating in a commodity pool called NEH.
The defendants traded only a portion of the pool participant funds in proprietary accounts, sustaining overall and significant losses of approximately $582,631, according to the complaint. Defendants also allegedly misappropriated the majority of the pool participants’ funds to make so-called returns to participants in monthly payments that defendants claimed were the profitable proceeds of their trading.
Continues ...read more ..
Company, National Equities Holdings, Inc. with $1.4 Million Commodity Pool Fraud
CFTC Charges California Residents Robert Cannone, Thomas Breen, and Francis Franco and Their Company, National Equities Holdings, Inc. with $1.4 Million Commodity Pool Fraud
The defendants charged with fraudulent solicitation, misappropriation of customer funds, and false statements
Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a complaint in federal court in Santa Ana, Calif., charging defendants Robert J. Cannone of Laguna Niguel, Thomas B. Breen of San Juan Capistrano, Francis Franco of Anaheim, and their company National Equity Holdings, Inc. of Laguna Niguel, with fraudulently operating a $1.4 million commodity futures pool and with registration violations.
The CFTC complaint, filed in the U.S. District Court for the Central District of California, alleges that from at least May 2009 through at least May 2010, the defendants fraudulently solicited and accepted at least $1.4 million from 20 or more individuals to trade commodity futures contracts by participating in a commodity pool called NEH.
The defendants traded only a portion of the pool participant funds in proprietary accounts, sustaining overall and significant losses of approximately $582,631, according to the complaint. Defendants also allegedly misappropriated the majority of the pool participants’ funds to make so-called returns to participants in monthly payments that defendants claimed were the profitable proceeds of their trading.
Continues ...read more ..
Tuesday, November 15, 2011
After Tip, the Claim For Reward ~ Currency Trades and Bank Overcharge
November 16, 2011
After Tip, the Claim For Reward
Whistleblowers alleging that two banks overcharged clients for currency trades could provide an early test of a new U.S. program to encourage tips of possible financial wrongdoing.
The whistleblowers, who are helping the Securities and Exchange Commission in civil investigations into whether Bank of New York Mellon Corp. and State Street Corp. improperly charged customers for currency trades, have filed claims seeking possible bounties from the SEC, according to people familiar with the matter.
The Securities and Exchange Commission seal outside headquarters in Washington, D.C.
The agency's whistleblower program, launched under the Dodd-Frank financial-overhaul act, stemmed from calls for tougher policing of Wall Street following the financial crisis. The plan for the first time offers government bounties to financial insiders and others who tip off the SEC about alleged securities fraud, offering payments of at least $100,000 to those whose information leads to big enforcement penalties.
Continues ...read more ..
After Tip, the Claim For Reward
Whistleblowers alleging that two banks overcharged clients for currency trades could provide an early test of a new U.S. program to encourage tips of possible financial wrongdoing.
The whistleblowers, who are helping the Securities and Exchange Commission in civil investigations into whether Bank of New York Mellon Corp. and State Street Corp. improperly charged customers for currency trades, have filed claims seeking possible bounties from the SEC, according to people familiar with the matter.
The Securities and Exchange Commission seal outside headquarters in Washington, D.C.
The agency's whistleblower program, launched under the Dodd-Frank financial-overhaul act, stemmed from calls for tougher policing of Wall Street following the financial crisis. The plan for the first time offers government bounties to financial insiders and others who tip off the SEC about alleged securities fraud, offering payments of at least $100,000 to those whose information leads to big enforcement penalties.
Continues ...read more ..
The Dirty Dozen .. Forex Fraud .. Investment Fraud ...
October 15, 2011
The Dirty Dozen .. Forex Fraud .. Investment Fraud.
Many people know their names. Many people are unaware that the group who is now being referred to as the Dirty Dozen have nothing but ill intentions and are ready to provide nothing .. but take everything .. including your freedom. You sign with them and you become the target of an ongoing investigation.
“Buy on the rumor, sell on the news” is a time-honored investment phrase that is oftentimes more confusing than the wisdom it attempts to impart. The meaning relates primarily to company securities that appreciate in expectation of a big news announcement. Early speculation drives ups the price, such that when the real announcement is made, most investors sell on the news to take their profits, often driving the price down, rather than up. “Pump and Dump” stock frauds also follow a similar scenario, but in this case, criminals benefit and investors lose.
Continues ...read more ..
The Dirty Dozen .. Forex Fraud .. Investment Fraud.
Many people know their names. Many people are unaware that the group who is now being referred to as the Dirty Dozen have nothing but ill intentions and are ready to provide nothing .. but take everything .. including your freedom. You sign with them and you become the target of an ongoing investigation.
“Buy on the rumor, sell on the news” is a time-honored investment phrase that is oftentimes more confusing than the wisdom it attempts to impart. The meaning relates primarily to company securities that appreciate in expectation of a big news announcement. Early speculation drives ups the price, such that when the real announcement is made, most investors sell on the news to take their profits, often driving the price down, rather than up. “Pump and Dump” stock frauds also follow a similar scenario, but in this case, criminals benefit and investors lose.
Continues ...read more ..
Saturday, October 15, 2011
Financial Fraud, Currency Scams, Iraq Currency Scams
Monopolizing The Currency Market By Creating Multiple Blogs and Forums Which all Link Back To A Master Forum. This generates add revenue for the Master forum. Most of these sites are flagged for unethical as well as illegal activitity including Wire fraud, Mail fraud, and Violations Committed under the unlawful sales of securities pursuant to 11 51 301
One of many more lawsuits under investigation ... http://www.dora.state.co.us/securities/pdf_forms/enforcement/amiraq-verified-petition.pdf
Data Being collected @ http://www.iraqidinarmoney.com/theiraqidinar/
One of many more lawsuits under investigation ... http://www.dora.state.co.us/securities/pdf_forms/enforcement/amiraq-verified-petition.pdf
Data Being collected @ http://www.iraqidinarmoney.com/theiraqidinar/
Thursday, October 6, 2011
Colo. Tells Firm To Stop Promoting Investments In Iraqi Dinar
October 6, 2011
Colo. Tells Firm To Stop Promoting Investments In Iraqi Dinar
DENVER -- A company selling investments in Iraqi money has been ordered to stop by the state of Colorado.
The cease and desist order is for AmIraq Fund, LP, its general partner, BB&M International Corporation, and the managing director and CEO of both, William Burbank, all of Coronado, Calif.
The AmIraq Fund sold investors on buying Iraqi dinar by saying the dinar is currently undervalued, Iraq has great long-term potential and that the dinar will recover post-war, officials said.
Colorado investors were offering one million dinar for $975, securities officials said. The funds were to be held in an Iraqi bank.
"Promoters often offer investors an opportunity to get in on the ‘ground floor’ of a new idea or concept and make a great economic return,"
Securities Commissioner Fred Joseph said. "Unsuspecting investors can be lured into these schemes, especially if the returns sound good. These offerings require careful research and a strong reminder that if it sounds too good to be true, it probably is not true, nor will it be profitable to anyone but the promoter."
Colorado officials alleged that Burbank was offering securities and that he failed to register its security offering.
Burbank agreed to obey the cease and desist order, but neither admitted to nor denied the allegations, state officials said.
link
and more links
Colo. Tells Firm To Stop Promoting Investments In Iraqi Dinar
DENVER -- A company selling investments in Iraqi money has been ordered to stop by the state of Colorado.
The cease and desist order is for AmIraq Fund, LP, its general partner, BB&M International Corporation, and the managing director and CEO of both, William Burbank, all of Coronado, Calif.
The AmIraq Fund sold investors on buying Iraqi dinar by saying the dinar is currently undervalued, Iraq has great long-term potential and that the dinar will recover post-war, officials said.
Colorado investors were offering one million dinar for $975, securities officials said. The funds were to be held in an Iraqi bank.
"Promoters often offer investors an opportunity to get in on the ‘ground floor’ of a new idea or concept and make a great economic return,"
Securities Commissioner Fred Joseph said. "Unsuspecting investors can be lured into these schemes, especially if the returns sound good. These offerings require careful research and a strong reminder that if it sounds too good to be true, it probably is not true, nor will it be profitable to anyone but the promoter."
Colorado officials alleged that Burbank was offering securities and that he failed to register its security offering.
Burbank agreed to obey the cease and desist order, but neither admitted to nor denied the allegations, state officials said.
link
and more links
Sunday, August 14, 2011
FBI sees mortgage fraud growing as economy stumbles
August 13, 2011
FBI sees mortgage fraud growing as economy stumbles
Washington, Mortgage and investment schemes targeting troubled U.S. homeowners jumped in 2010 and may increase further if the economy does not improve, the FBI said on Friday.
The FBI said in an annual report that pending investigations increased 12 percent in the fiscal year ended September 30, 2010, to 3,129 cases. That in turn was a 90 percent jump from the previous fiscal year.
An FBI official said the trend will continue as more borrowers struggle to pay their mortgages.
"If we have continuing high unemployment and increased numbers of foreclosures, what we see is a greater percentage of the population of existing homeowners being vulnerable to these schemes," said David Cardona, FBI deputy assistant director.
The collapse of the housing boom and the resulting financial crisis has led to a wave of foreclosures. In 2010, 2.5 million foreclosures were initiated, with a similar number expected this year.
The FBI said mortgage origination schemes have declined due to the depressed market for home purchases.
Fraud targeting troubled borrowers, however, has increased and includes loan modification scams and foreclosure rescue schemes in which perpetrators convince borrowers they can save their homes through deed transfers and upfront fees.
Cardona said stock market fluctuations have also resulted in more Americans falling for fake investments.
"It's not a dynamic that we think will self-correct. If anything it could get worse," he said
The report listed "hot spots" for mortgage fraud. California, Florida and New York were among the hottest of those, in line with some of the worst unemployment and mortgage default rates in the country.
Since the FBI was tasked with rooting out criminal activity that exacerbated the housing crisis in 2008, it has been criticized as ineffective against powerful executives of companies tied to the housing and financial industry.
"Although we tried mightily we just didn't hit the mark," Cardona said, referring to the aborted investigation of Washington Mutual Bank in early August.
Cardona said the government struggles to prove criminal intent in corporate crime.
One of the biggest cases so far was a $3 billion fraud case involving the privately held mortgage firm Taylor, Bean & Whitaker Mortgage Corp. The chairman of the firm, Lee Farkas, was sentenced to 30 years in prison after being convicted on 14 counts of conspiracy, wire, securities and bank fraud.
Cardona said the FBI is hoping the government can win more high-profile cases through civil probes. He said the FBI is cooperating "closer now than ever" with the Securities and Exchange Commission and Commodity Futures Trading Commission.
"We're going to see a quicker return on investment through civil means than showing criminal intent by some of these high-level officials," he said.
http://news.yahoo.com/fbi-sees-mortgage-fraud-growing-economy-stumbles-215355231.html
FBI sees mortgage fraud growing as economy stumbles
Washington, Mortgage and investment schemes targeting troubled U.S. homeowners jumped in 2010 and may increase further if the economy does not improve, the FBI said on Friday.
The FBI said in an annual report that pending investigations increased 12 percent in the fiscal year ended September 30, 2010, to 3,129 cases. That in turn was a 90 percent jump from the previous fiscal year.
An FBI official said the trend will continue as more borrowers struggle to pay their mortgages.
"If we have continuing high unemployment and increased numbers of foreclosures, what we see is a greater percentage of the population of existing homeowners being vulnerable to these schemes," said David Cardona, FBI deputy assistant director.
The collapse of the housing boom and the resulting financial crisis has led to a wave of foreclosures. In 2010, 2.5 million foreclosures were initiated, with a similar number expected this year.
The FBI said mortgage origination schemes have declined due to the depressed market for home purchases.
Fraud targeting troubled borrowers, however, has increased and includes loan modification scams and foreclosure rescue schemes in which perpetrators convince borrowers they can save their homes through deed transfers and upfront fees.
Cardona said stock market fluctuations have also resulted in more Americans falling for fake investments.
"It's not a dynamic that we think will self-correct. If anything it could get worse," he said
The report listed "hot spots" for mortgage fraud. California, Florida and New York were among the hottest of those, in line with some of the worst unemployment and mortgage default rates in the country.
Since the FBI was tasked with rooting out criminal activity that exacerbated the housing crisis in 2008, it has been criticized as ineffective against powerful executives of companies tied to the housing and financial industry.
"Although we tried mightily we just didn't hit the mark," Cardona said, referring to the aborted investigation of Washington Mutual Bank in early August.
Cardona said the government struggles to prove criminal intent in corporate crime.
One of the biggest cases so far was a $3 billion fraud case involving the privately held mortgage firm Taylor, Bean & Whitaker Mortgage Corp. The chairman of the firm, Lee Farkas, was sentenced to 30 years in prison after being convicted on 14 counts of conspiracy, wire, securities and bank fraud.
Cardona said the FBI is hoping the government can win more high-profile cases through civil probes. He said the FBI is cooperating "closer now than ever" with the Securities and Exchange Commission and Commodity Futures Trading Commission.
"We're going to see a quicker return on investment through civil means than showing criminal intent by some of these high-level officials," he said.
http://news.yahoo.com/fbi-sees-mortgage-fraud-growing-economy-stumbles-215355231.html
Friday, April 29, 2011
Currency Market Scams ... Foreign Currencies ...
Monopolizing The Currency Market
Monopolizing a market is done by creating multiple blog spots and/or Forums which all link back to a Master Forum. This generates add revenue for the Master forum. Most of these sites are flagged for unethical as well as illegal activitity including Wire fraud, Mail fraud, and Violations Committed under the unlawful sales of securities pursuant to 11 51 301
One of the many lawsuits under investigation ... http://www.dora.state.co.us/securities/pdf_forms/enforcement/amiraq-verified-petition.pdf
Data Being collected @ http://www.iraqidinarmoney.com/theiraqidinar/
___
Foreign Exchange Investment Fraud ~ Link ~ Crimes of Persuasion
__
Foreign Exchange Scam
The Washington State Department of Financial Institutions is warning consumers about potential scams regarding Iraqi Dinar currency exchange services. While foreign exchange scams are not new, the sudden popularity with the Dinar and resulting consumer complaints to our banking partners is concerning. Consumers can read about the investment-related risks in our previously-released consumer alert ...
“Forex: Risky Business?” at link Several websites have recently begun advertising investment opportunities in Iraqi Dinars, the currency of Iraq. These websites are asking the consumers to send a check, wire, money order, or pay cash upon delivery of the Dinars.
Continues ..
Monopolizing a market is done by creating multiple blog spots and/or Forums which all link back to a Master Forum. This generates add revenue for the Master forum. Most of these sites are flagged for unethical as well as illegal activitity including Wire fraud, Mail fraud, and Violations Committed under the unlawful sales of securities pursuant to 11 51 301
One of the many lawsuits under investigation ... http://www.dora.state.co.us/securities/pdf_forms/enforcement/amiraq-verified-petition.pdf
Data Being collected @ http://www.iraqidinarmoney.com/theiraqidinar/
___
Foreign Exchange Investment Fraud ~ Link ~ Crimes of Persuasion
__
Foreign Exchange Scam
The Washington State Department of Financial Institutions is warning consumers about potential scams regarding Iraqi Dinar currency exchange services. While foreign exchange scams are not new, the sudden popularity with the Dinar and resulting consumer complaints to our banking partners is concerning. Consumers can read about the investment-related risks in our previously-released consumer alert ...
“Forex: Risky Business?” at link Several websites have recently begun advertising investment opportunities in Iraqi Dinars, the currency of Iraq. These websites are asking the consumers to send a check, wire, money order, or pay cash upon delivery of the Dinars.
Continues ..
Friday, April 15, 2011
Internet Poker Entrepreneurs Charged With Fraud, U.S. Says
April 15, 2011 Internet Poker Entrepreneurs Charged With Fraud, U.S. Says
Founders of Internet gambling companies PokerStars, Full Tilt Poker and Absolute Poker were among 11 people charged by the U.S. in a case that seeks at least $3 billion in forfeitures and penalties.
A revised indictment issued yesterday includes charges of bank fraud, money laundering and illegal gambling. It is the latest in a series of criminal cases against Internet gambling companies brought by U.S. Attorney Preet Bharara in Manhattan.
PokerStars, based on the Isle of Mann, Ireland’s Full Tilt Poker and Absolute Poker of Costa Rica are the leading online poker sites doing business with U.S. customers, according to the indictment. The charging documents name two principals from each company and others who allegedly worked with them to illegally process payments.
“These defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits,” Bharara said today in a statement. “To circumvent the gambling laws, the defendants also engaged in massive money laundering and bank fraud.”
Prosecutors allege that after the U.S. enacted a law in 2006 barring banks from processing payments to offshore gambling websites, PokerStars, Full Tilt and Absolute Poker worked around the ban to continue operating in the U.S.
_$5.1 Billion Market
The Internet poker market was $5.1 billion last year, 7.1 percent higher than 2009, according to U.K.-based H2 Gambling Capital, which supplies data on the industry. The global online gambling market now is about $30 billion.
None of the poker company principals indicted are in the U.S. and they haven’t been arrested, Bharara’s office said. Those charged include Isai Scheinberg and Paul Tate of PokerStars; Raymond Bitar and Nelson Burtnick of Full Tilt Poker; and Scott Tom and Brent Beckley of Absolute Poker.
Michele Clayborne, a spokeswoman for Full Tilt, didn’t immediately return a voice-mail message left at her office seeking comment. An e-mail sent to Absolute Poker’s spokesman, David Clainer, was returned as “undeliverable” and a telephone number posted on the company’s website was inoperable.
Jennifer Roberts, a spokeswoman for PokerStars, didn’t immediately return a voice-mail left at her office after regular business hours.
_Tricked Banks_
The poker companies named in the indictment are accused of using fraudulent means to circumvent federal laws and “trick” banks into processing the payments on their behalf.
In one instance, after U.S. banks and financial institutions detected and shut down multiple fraudulent bank accounts used by the betting websites in late 2009, Scheinberg and Bitar developed a new processing strategy that didn’t involve lying to banks, prosecutors said.
They allegedly concealed the money they received from gamblers by disguising it as payments to hundreds of non- existent online merchants purporting to sell items online such as jewelry and golf balls.
Of the billions of dollars in payment transactions that the poker companies tricked the U.S. banks into processing, about one-third of the funds went directly to the poker companies as revenue for so-called “rake” charges to players on almost every poker hand played online, prosecutors said.
PokerStars, Full Tilt and their payment processors persuaded the principals of a few, small local banks facing financial difficulties to engage in such processing in return for multimillion dollar investments in the banks, the U.S. said.
Civil Complaint
The indictment and a related civil complaint filed by Bharara’s office seek at least $3 billion in money laundering penalties and forfeiture from the poker companies and the defendants.
A federal judge has seized about 76 bank accounts in 14 countries which the U.S. says contained the proceeds of the charged offenses. A judge has also ordered the seizure of five domain names used by the poker companies to operate their illegal online businesses in the U.S., Bharara’s office said.
In September, Sportingbet Plc (SBT) agreed to forfeit $33 million in proceeds that the company provided to U.S. customers. The U.K. Internet gambling company said it would maintain a permanent restriction on providing Internet gambling services to U.S. customers unless the law changes, according to the agreement reached with Bharara’s office to avoid prosecution.
The same month, a Canadian charged with laundering $350 million for foreign Internet gambling companies was sentenced to six months of house arrest after pleading guilty to processing offshore bets of U.S. citizens. Douglas Rennick, who faced as long as 12 months in prison, also was ordered by U.S. District Judge Sidney Stein in New York to forfeit $17 million.
http://www.bloomberg.com/news/2011-04-15/internet-poker-entrepreneurs-charged-with-fraud-money-laundering-by-u-s-.html
Friday, February 25, 2011
This is Good ~ Google Clamps Down on "Content Farms" ...
Some people will do anything and everything to generate more "traffic" to their sites. Rumors are one way they do it and another way is Pagejacking.
Related articles ~
Have you ever googled a topic for research and ended up with a recommended website that has nothing to do with the subject your researching? How annoying is that. For example, you need to find information from the UN's website and you google the topic and it takes you to a a forum or blog that has nothing to do with your search.
This is also known as pagejacking and people pagejack legitimate websites so that they can get "traffic" to their sites. The more "traffic" they get, the more money they make from ad sense or whatever advertising company they choose to use. It's unfair and it's illegal ~ The activity of stealing content (typically in the form of source code) from a Web site and copying it into another Web site in order to siphon some of the original site??s traffic to the copied Web pages. Pagejackers rely on search engines to spider the contents of the illegitimate site and index the results so that the copied site will appear in the search result rankings along with the original site??s rankings. Users can be tricked into thinking the illegitimate site is the one they are searching for, and once they visit the copied site they may be subjected to mousetrapping. The term pagejacking is a combination of the words Web page and hijacking, indicating that a Web page has been hijacked.
Google clamps down on "content farms"
26 February 2011
SAN FRANCISCO - Google has changed its secret search formula in the United States to be more discerning when it comes to which websites are worth recommending and which should sink in the rankings.
The move announced late Thursday was part of an ongoing duel between the search titan and low-quality websites that feature only content copied from elsewhere on the Internet or use techniques to trick their way high in results.
"Many of the changes we make are so subtle that very few people notice them," Google principal engineer Matt Cutts and Google fellow Amit Singhal said in a blog post.
"But, in the last day or so we launched a pretty big algorithmic improvement to our ranking."
They said the search formula change affects 11.8 percent of search queries, dropping low-quality websites in results while elevating high-quality websites with original content such as research, analysis, or in-depth reports.
"We do have a responsibility to encourage a healthy web ecosystem," Cutts and Singhal wrote.
"Therefore, it is important for high-quality sites to be rewarded, and that's exactly what this change does."
Google said that it has been working on the issue for more than a year and engineers spent several months crafting the algorithm change, which was implemented in the United States and will be rolled out elsewhere over time.
The change at the world's most popular search engine was a hot topic among website operators on Thursday, with some happy that Google knocked "content farms" down a few notches and others complaining of unfairly dropping in rank.
Content farms are in Google crosshairs because such websites are known to pack pages with copied or superficial material crafted to capitalize on attention-getting topics.
Such websites want to attract as many people as possible in hopes of making money off online advertising.
"They may have whacked eHow good, but they did it in part through a crude duplicate content filter," someone with the online name 'Content ed' said in a busy chat forum at webmasterworld.com.
"I'm seeing long established sites getting killed because they have been ripped-off, copied and rewritten/repurposed to the point that Google can't tell who was the original."
Demand Media runs eHow, answerbag and other websites referred to by some as "content farms" because they are crammed with articles seemingly geared more to score high in search rankings than be top sources of information.
"As might be expected, a content library as diverse as ours saw some content go up and some go down in Google search results," Demand Media executive vice president of operations Larry Fitzgibbon said in a blog post.
"It's impossible to speculate how these or any changes made by Google impact any online business in the long term," he continued. "But, at this point in time, we haven't seen a material net impact on our Content & Media business."
Demand Media websites focus on "useful and original" content, Fitzgibbon maintained.
The Google crackdown comes a month after Demand Media went public with its first offering of stock. Demand Media shares slipped more than three percent to US$22.19 per share in late trading on Friday.
Google continually refines its search formula in a quest to deliver more relevant and useful results at faster speeds.
Website operators from the honourable to the nefarious have taken to employing "search engine optimization" tactics such as abundantly repeating popular query terms or fostering high numbers of links to other properties.
While Google keeps its search formula secret, both those factors raise websites in rankings of results.
There is tremendous subjectivity in the debate regarding content farms, and Google is in a difficult position, Greg Sterling of search news website Search Engine Land told AFP.
"Their success has bred a whole industry of freelancers producing articles that are ultimately designed to show display ads and rank highly in search results," Sterling said.
"They feel compelled to address it because they are being criticised by many sides that results are full of spam," he continued. "Google feels that if it doesn't address this, its existence is threatened."
http://www.channelnewsasia.com/stories/technologynews/view/1113121/1/.html
26 February 2011
SAN FRANCISCO - Google has changed its secret search formula in the United States to be more discerning when it comes to which websites are worth recommending and which should sink in the rankings.
The move announced late Thursday was part of an ongoing duel between the search titan and low-quality websites that feature only content copied from elsewhere on the Internet or use techniques to trick their way high in results.
"Many of the changes we make are so subtle that very few people notice them," Google principal engineer Matt Cutts and Google fellow Amit Singhal said in a blog post.
"But, in the last day or so we launched a pretty big algorithmic improvement to our ranking."
They said the search formula change affects 11.8 percent of search queries, dropping low-quality websites in results while elevating high-quality websites with original content such as research, analysis, or in-depth reports.
"We do have a responsibility to encourage a healthy web ecosystem," Cutts and Singhal wrote.
"Therefore, it is important for high-quality sites to be rewarded, and that's exactly what this change does."
Google said that it has been working on the issue for more than a year and engineers spent several months crafting the algorithm change, which was implemented in the United States and will be rolled out elsewhere over time.
The change at the world's most popular search engine was a hot topic among website operators on Thursday, with some happy that Google knocked "content farms" down a few notches and others complaining of unfairly dropping in rank.
Content farms are in Google crosshairs because such websites are known to pack pages with copied or superficial material crafted to capitalize on attention-getting topics.
Such websites want to attract as many people as possible in hopes of making money off online advertising.
"They may have whacked eHow good, but they did it in part through a crude duplicate content filter," someone with the online name 'Content ed' said in a busy chat forum at webmasterworld.com.
"I'm seeing long established sites getting killed because they have been ripped-off, copied and rewritten/repurposed to the point that Google can't tell who was the original."
Demand Media runs eHow, answerbag and other websites referred to by some as "content farms" because they are crammed with articles seemingly geared more to score high in search rankings than be top sources of information.
"As might be expected, a content library as diverse as ours saw some content go up and some go down in Google search results," Demand Media executive vice president of operations Larry Fitzgibbon said in a blog post.
"It's impossible to speculate how these or any changes made by Google impact any online business in the long term," he continued. "But, at this point in time, we haven't seen a material net impact on our Content & Media business."
Demand Media websites focus on "useful and original" content, Fitzgibbon maintained.
The Google crackdown comes a month after Demand Media went public with its first offering of stock. Demand Media shares slipped more than three percent to US$22.19 per share in late trading on Friday.
Google continually refines its search formula in a quest to deliver more relevant and useful results at faster speeds.
Website operators from the honourable to the nefarious have taken to employing "search engine optimization" tactics such as abundantly repeating popular query terms or fostering high numbers of links to other properties.
While Google keeps its search formula secret, both those factors raise websites in rankings of results.
There is tremendous subjectivity in the debate regarding content farms, and Google is in a difficult position, Greg Sterling of search news website Search Engine Land told AFP.
"Their success has bred a whole industry of freelancers producing articles that are ultimately designed to show display ads and rank highly in search results," Sterling said.
"They feel compelled to address it because they are being criticised by many sides that results are full of spam," he continued. "Google feels that if it doesn't address this, its existence is threatened."
http://www.channelnewsasia.com/stories/technologynews/view/1113121/1/.html
Related articles ~
FCC to Pass Net Rules that Would for the First Time Prevent Internet Service Providers from Blocking or Giving Preferential Treatment to Web Sites ...
Pagejacking - identifying and dealing with pagejackers ... http://legendsintheirownminds.blogspot.com/2010/12/pagejacking-identifying-and-dealing.html
Pagejacking - identifying and dealing with pagejackers ... http://legendsintheirownminds.blogspot.com/2010/12/pagejacking-identifying-and-dealing.html
Monday, December 13, 2010
Financial Fraud Enforcement Task Force Announces Results of Largest-Ever Nationwide Operation Targeting Investment Fraud
“With this operation, the Financial Fraud Enforcement Task Force is sending a strong message,” said Attorney General Holder. “To the public: be alert for these frauds, take appropriate measures to protect yourself, and report such schemes to proper authorities when they occur. And to anyone operating or attempting to operate an investment scam: cheating investors out of their earnings and savings is no longer a safe business plan - we will use every tool at our disposal to find you, to stop you, and to bring you to justice.”December 09, 2010
Financial Fraud Enforcement Task Force Announces Results of Largest-Ever Nationwide Operation Targeting Investment Fraud
Please go to link and read this ~News release: "Attorney General Eric Holder announced the results of Operation Broken Trust, a nationwide operation organized by the Financial Fraud Enforcement Task Force to target investment fraud.
To date, the operation has involved enforcement actions against 343 criminal defendants and 189 civil defendants for fraud schemes that harmed more than 120,000 victims throughout the country.
The operation’s criminal cases involved more than $8.3 billion in estimated losses and the civil cases involved estimated losses of more than $2.1 billion. Operation Broken Trust is the first national operation of its kind to target a broad array of investment fraud schemes that directly prey upon the investing public."
http://www.justice.gov/opa/pr/2010/December/10-ag-1390.html
Financial Fraud Enforcement Task Force Announces Results of Largest-Ever Nationwide Operation Targeting Investment Fraud
Please go to link and read this ~News release: "Attorney General Eric Holder announced the results of Operation Broken Trust, a nationwide operation organized by the Financial Fraud Enforcement Task Force to target investment fraud.
To date, the operation has involved enforcement actions against 343 criminal defendants and 189 civil defendants for fraud schemes that harmed more than 120,000 victims throughout the country.
The operation’s criminal cases involved more than $8.3 billion in estimated losses and the civil cases involved estimated losses of more than $2.1 billion. Operation Broken Trust is the first national operation of its kind to target a broad array of investment fraud schemes that directly prey upon the investing public."
http://www.justice.gov/opa/pr/2010/December/10-ag-1390.html
Saturday, December 11, 2010
The Tragedy and Lives Affected by Financial Fraudster, Bernie Madoff ! Madoff’s Eldest Son Found Dead in Suicide
Link ~ The Man Who Knew
December 11, 2010
Madoff’s Eldest Son Found Dead in Suicide
Mark Madoff, the older of Bernard L. Madoff’s two sons, was found dead in his Manhattan apartment on Saturday, the second anniversary of the day his father was arrested for running a gigantic Ponzi scheme that shattered thousands of lives around the world.
“Mark Madoff took his own life today,” Martin Flumenbaum Mark Madoff’s lawyer, said in a statement on Saturday. “This is a terrible and unnecessary tragedy.”
One city official said that the first notification, via 911, was at 7:27.18, on Saturday morning, and the call was for a, “possible suicide.” The call came from a fourth-floor, private house at 158 Mercer Street – a 13-story building.
Deputy Commissioner Paul J. Browne said the body was discovered by the victim’s father-in-law. “He came there this morning,” said Mr. Browne said.
Mr. Browne said that the victim’s “two-year-old son was asleep in an adjoining bedroom.”
Mr. Browne added: “Apparently, the son-in-law had indicated that someone should check on the child; had made some notification to the wife that he should check on the child.”
Mr. Browne could not immediately say what time Mark Madoff made that notification or say if investigators believe it was part of some plan.
Mr. Browne said the body was hanging by its neck, from a pipe in the living room ceiling. A black dog leash had been used, he said.
Since Bernard Madoff’s arrest, all the members of his immediate family have been the targets of a battery of civil lawsuits filed initially by victims of the Ponzi scheme and later by the bankruptcy court trustee pursuing assets for those victims.
The trustee’s lawsuit, filed last year, sought to recover approximately $200 million that the family received in salaries, bonuses, expense-account payments and gains in their own investment accounts at the Madoff firm. More recently, the trustee, Irving H. Picard, filed a new lawsuit in London that named Mark Madoff, 46, along with other directors and executives of the Madoff affiliate there, Madoff Securities International, Ltd. It was aimed at recovering profits and payments the defendants received from that subsidiary, on whose board Mark Madoff served.
These lawsuits are pending, and will not necessarily be derailed by Mark Madoff’s death. Typically, the litigation would continue against the estate of any deceased defendant, as was the case when Jeffry Picower, one of Bernie Madoff’s largest investors, died in October 2009.
Mr. Madoff had worked at his father’s brokerage firm since his graduation from the University of Michigan in 1987. A number of Mark’s oldest childhood friends from Roslyn, N.Y., invested with Madoff and lost their savings in the fraud. This destroyed those relationships and caused Mark great pain, says a person close to the family who requested anonymity.
The steps that led to his father’s arrest began when he and his brother, Andrew, confronted their father over his plans to distribute hundreds of millions of dollars in bonuses to employees months ahead of schedule.
That led to a private conversation on Dec. 10, 2008, in which Bernard Madoff told his sons that their entire lives — all the wealth and success the family seemed to possess — were based on a lie. His apparently lucrative money-management business was nothing but an immense Ponzi scheme, and it was crumbling under the relentless pressures of the financial crisis of late 2008.
Mark and his brother immediately consulted a lawyer and were advised they had to report their father’s confession to law enforcement. They did so, and the following morning their father was arrested at his Manhattan penthouse.
The public fury over the stunning crime — whose losses Bernard Madoff himself estimated at $50 billion — was not limited to its mastermind. Mark Madoff, his mother and his brother were all the subject of constant media speculation. Some blogs repeatedly predicted their imminent arrest, and many articles speculated that they had been involved in their father’s crime, or at least were aware of it.
But charges have not been filed against any of the immediate family members, and their lawyer has said publicly that neither Mark nor his brother has ever been notified by prosecutors that they were the subjects of a criminal investigation.
A person close to Mark Madoff said he had been increasingly distraught as the anniversary of his father’s arrest approached, and he had been upset at some recent news coverage speculating that criminal charges against him and his brother were still likely.
Mr. Flumenbaum, in his statement, called Mark “an innocent victim of his father’s monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo.”
http://www.nytimes.com/2010/12/12/business/12madoff.html?_r=1&hp
December 11, 2010
Madoff’s Eldest Son Found Dead in Suicide
Mark Madoff, the older of Bernard L. Madoff’s two sons, was found dead in his Manhattan apartment on Saturday, the second anniversary of the day his father was arrested for running a gigantic Ponzi scheme that shattered thousands of lives around the world.
“Mark Madoff took his own life today,” Martin Flumenbaum Mark Madoff’s lawyer, said in a statement on Saturday. “This is a terrible and unnecessary tragedy.”
One city official said that the first notification, via 911, was at 7:27.18, on Saturday morning, and the call was for a, “possible suicide.” The call came from a fourth-floor, private house at 158 Mercer Street – a 13-story building.
Deputy Commissioner Paul J. Browne said the body was discovered by the victim’s father-in-law. “He came there this morning,” said Mr. Browne said.
Mr. Browne said that the victim’s “two-year-old son was asleep in an adjoining bedroom.”
Mr. Browne added: “Apparently, the son-in-law had indicated that someone should check on the child; had made some notification to the wife that he should check on the child.”
Mr. Browne could not immediately say what time Mark Madoff made that notification or say if investigators believe it was part of some plan.
Mr. Browne said the body was hanging by its neck, from a pipe in the living room ceiling. A black dog leash had been used, he said.
Since Bernard Madoff’s arrest, all the members of his immediate family have been the targets of a battery of civil lawsuits filed initially by victims of the Ponzi scheme and later by the bankruptcy court trustee pursuing assets for those victims.
The trustee’s lawsuit, filed last year, sought to recover approximately $200 million that the family received in salaries, bonuses, expense-account payments and gains in their own investment accounts at the Madoff firm. More recently, the trustee, Irving H. Picard, filed a new lawsuit in London that named Mark Madoff, 46, along with other directors and executives of the Madoff affiliate there, Madoff Securities International, Ltd. It was aimed at recovering profits and payments the defendants received from that subsidiary, on whose board Mark Madoff served.
These lawsuits are pending, and will not necessarily be derailed by Mark Madoff’s death. Typically, the litigation would continue against the estate of any deceased defendant, as was the case when Jeffry Picower, one of Bernie Madoff’s largest investors, died in October 2009.
Mr. Madoff had worked at his father’s brokerage firm since his graduation from the University of Michigan in 1987. A number of Mark’s oldest childhood friends from Roslyn, N.Y., invested with Madoff and lost their savings in the fraud. This destroyed those relationships and caused Mark great pain, says a person close to the family who requested anonymity.
The steps that led to his father’s arrest began when he and his brother, Andrew, confronted their father over his plans to distribute hundreds of millions of dollars in bonuses to employees months ahead of schedule.
That led to a private conversation on Dec. 10, 2008, in which Bernard Madoff told his sons that their entire lives — all the wealth and success the family seemed to possess — were based on a lie. His apparently lucrative money-management business was nothing but an immense Ponzi scheme, and it was crumbling under the relentless pressures of the financial crisis of late 2008.
Mark and his brother immediately consulted a lawyer and were advised they had to report their father’s confession to law enforcement. They did so, and the following morning their father was arrested at his Manhattan penthouse.
The public fury over the stunning crime — whose losses Bernard Madoff himself estimated at $50 billion — was not limited to its mastermind. Mark Madoff, his mother and his brother were all the subject of constant media speculation. Some blogs repeatedly predicted their imminent arrest, and many articles speculated that they had been involved in their father’s crime, or at least were aware of it.
But charges have not been filed against any of the immediate family members, and their lawyer has said publicly that neither Mark nor his brother has ever been notified by prosecutors that they were the subjects of a criminal investigation.
A person close to Mark Madoff said he had been increasingly distraught as the anniversary of his father’s arrest approached, and he had been upset at some recent news coverage speculating that criminal charges against him and his brother were still likely.
Mr. Flumenbaum, in his statement, called Mark “an innocent victim of his father’s monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo.”
http://www.nytimes.com/2010/12/12/business/12madoff.html?_r=1&hp