Auctioning off 150,000 shares of common stock of Broward Financial Holdings Inc

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED S.A ~Contributed & Written by Kenneth Rijock ~

PONZI SCHEMER'S BANK SHARES GO UP FOR AUCTION BY US MARSHALS

Back when I worked in a Compliance Department, a decade ago, we had a rule: All owners of 10% or more of a corporation that wanted to purchase investments had to undergo a due diligence review, to ascertain their suitability, and by derivation, the suitability of the company, as a client. Soon thereafter, I noticed that a number of corporations came in with several shareholders owning exactly nine percent; I assume that some of the Accounts Representatives had disclosed the share ownership ceiling compliance policy to prospective clients.

I then reduced the ceiling on ownership percentage, where we would not check out shareholders only if their shares represented less than five per cent, correctly reasoning that it would be too difficult for clients to find 25 people in their group, to avoid and evade due diligence; It worked.

This week's news is an official announcement*, by the US Marshals Service, that it will be auctioning off 150,000 shares of common stock of Broward Financial Holdings, Inc.,  the bank holding company parent of Broward Bank of Commerce. The shares being offered, owned by convicted Ponzi schemer, former Fort Lauderdale attorney Scott Rothstein, immediately reminded me of the above situation.

 Why ? Because Mr. Rothstein elected to purchase shares that constituted exactly nine percent of the bank. A purchase of a larger portion of the bank's stock requires regulatory approval. Certainly he had sufficient funds to purchase a larger share.Was he concerned that regulators would stumble into his artfully concealed Ponzi scheme ? I would like to think that the answer is yes, but we probably will never know.

A final note: the minimum opening bid is $1m, and the bidder, in addition to the usual warranties and promises, must affirm that he or she is not acting on behalf of Scott Rothstein, in the event that people covertly working for him attempt to buy his own stock back, for the master Ponzi schemer himself.

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Rogue Ice Agent Selling Information On Special

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED S.A ~Contributed & Written by Kenneth Rijock ~

WHO IS THE ICE AGENT LEAKING INFORMATION ?

If you are wondering why there is all this interest in my recent article, Embezzler who Sued Employer flees the United States*, both in Colombia, and in the United States, it is the back story. It is one thing when law enforcement casts a blind eye to criminal activity of one of its valued Confidential Informants, but another thing when a sworn law enforcement agent engages in his own version of WikiLeaks, for the benefit of a friend, who is definitely not entitled to law enforcement sensitive information.

 Of course, we all all interested in the primary focus of the article, the story of two career criminals from Colombia, who  reportedly possess the valued "S" Visa, which allows them multiple entry into the United States, in exchange for information on the criminal activities of others, all under the supposedly firm supervision of a US law enforcement agent. Unfortunately, the supervision has failed to clamp down on a very public bogus legal claim, brought by a victim of their white-collar crimes.

The real issue is the reputed fact that a certain law enforcement agent, who shall remain unidentified here, has been sharing restricted information with one of the lawyers representing the two career criminals, allowing them to further victimise the former employer of one of the Colombians, and subject it to a totally bogus criminal investigation. This information allowed counsel to smear the victim's reputation with allegations of criminality, and put it on the defensive. After four years, clearly justice has not been done.

Will the disclosure of the agent's identity result in the end of his career, and what about the lawyer, who knowingly accepting classified intelligence that he or she knows, or should have known, is restricted to sworn law enforcement personnel ? When law enforcement, and officers of the court, break the law, what is the remedy ? Watch this blog for the answer.

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* Published on 1 April, 2013, on this blog.

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VENEZUELANS POSING AS CUBAN REFUGEES

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED S.A ~Contributed & Written by Kenneth Rijock ~

ALERT FOR VENEZUELANS POSING AS CUBAN REFUGEES; ARRESTS MADE IN US

Agents of US Customs & Immigration Enforcement (ICE) have arrested 20 illegal immigrants who obtained bogus citizenship documents enabling them to pose as Cuban refugees, as well as members* of a criminal organization that procured bogus Cuban birth certificates for them, one of whom has a prior conviction for this crime. Reportedly, most of those arrested were Venezuelan nationals.

Pursuant to US law, Cuban refugees enjoy preferential treatment, and are allowed to remain, and to apply for permanent residency after 366 days. The Cuban birth certificates the illegals employed were either genuine, had information altered upon them by the immigration fraudsters facilitating their illegal applications, or were completely counterfeit. in an earlier case, the defendant admitted paying $15,000 for a bogus Cuban birth certificate.

The charges:

(1) Conspiracy to Encourage and Induce Aliens to Unlawfully Enter and reside Illegally in the United States.

(2) Encouraging and Inducing Aliens to Unlawfully Enter and reside Illegally in the United States.

Are you banking any clients, recently arrived, with large bank balances, whose Spanish does not have a Cuban accent, slang or region-specific phrases ? You Cuban-American staff can certainly tell you if their Spanish is not of Cuban origin; Check it out , please. 

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*13-cr-6066-WJZ (SD FL).

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TERRORIST LIVING AND WORKING IN THE U.S AND ONLY FBI KNOWS

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED S.A ~Contributed & Written by Kenneth Rijock ~

NEEDLESSLY CLASSIFYING TERRORISTS' NAMES HINDERS TERRORIST FINANCING IDENTIFICATION

A South Florida media source recently obtained a number of documents about a Saudi family who vacated their Sarasota, Florida home in a hurry just prior to 11 September, leaving behind their three automobiles, furniture and furnishings. One of the residents* was linked, in Venice, Florida, to two of the hijacker/pilots who flew one passenger jet into the World Trade Centre, and another into the ground in Pennsylvania.

What is bothering me about this matter is this :

(1) Apparently the FBI stated, back in 2002, that there was no connection with the 9/11 disasters. This was obviously an attempt to conceal details of an ongoing investigation.

(2) In releasing the documents to the media, a decade later, all names have been redacted (deleted). Only through other references, and the background knowledge of the journalist, were the identities of the hijackers, and the resident of the home, apparent.

(3) the names, addresses, and dates of birth, in the documents, are classified until 14 March, 2038, twenty five years from now. How can one justify this ? We are in the dark about a major suspect.

Bankers in Florida may have handled terrorist financing transactions for Al-Hijji, since 9/11, without knowing that he was a close associate of the hijackers. Inasmuch as the financial community is, for better or worse, part of the law enforcement effort, due to the USA PATRIOT ACT, we need to know who to watch out for; That is no too much to ask. Perhaps those career bureaucrats who classify such information should take into account the real-life problems faced by the banks that these suspects utilise.

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*Abdulaziz al-Hijji.

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BANKS AND LAW FIRMS IN OFFSHORE FINANCIAL HAVENS BEING INDICTED

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED S.A ~Contributed & Written by Kenneth Rijock ~

US ACCUSES SWISS LAWYER AND BANKER OF ASSISTING IN US TAX EVASION AT SWISS BANK

A Swiss national who is reported to be the head of private banking at Bank Frey, Stefan Buck, and a partner at a Swiss law firm, Edgar Paltzer, have been indicted, in US District Court* in New York, for assisting US citizens to hide their assets from US taxes. One count of conspiracy has been filed against both defendants, who are reportedly in Switzerland, and not in US custody at this time.

Bank Frey was reportedly the recipient of over $938 million of new deposits, in "flight capital," money from US nationals that was moved out of Switzerland's largest banks, when those banks were targeted by the US Department of Justice. Obviously, the US is investigating Swiss regional and cantonal banks, many of whom opened new accounts for US citizens, and accepted their money.

Will this indictment serve to deter the smaller Swiss bank from hiding US wealth ? We cannot say, but I am sure a number of guilty Swiss bankers are wondering whether they are next. I also wonder what the directors are thinking at the bank today.

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* Case No.: 13-crim-0282 (SDNY). [file not yet unsealed but available through DOJ].

VENEZUELA ELECTIONS CONFIRMED TO BE A FRAUD !

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED S.A ~Contributed & Written by Kenneth Rijock ~

RAISE COUNTRY ON VENEZUELA (AGAIN)

The combination of widespread civil unrest, generated by a presidential election where many experts have confirmed that the results were manipulated by the ruling party, an abysmal economy, a politically influenced judiciary, and massive corruption,  all point to one conclusion: risk levels for investing in, or extending credit to, Venezuelan companies or ventures, is far to high at this time.

Raise Country risk on Venezuela to Extremely High.

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THE GOVERNMENT OF RUSSIA HAS BANNED AMERICANS FROM TRAVEL TO RUSSIA

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED S.A ~Contributed & Written by Kenneth Rijock ~

RUSSIA SANCTIONS US LAW ENFORCEMENT AGENTS WHO PROSECUTED VIKTOR BOUT AND KONSTANTIN YAROSHENKO

In its response to the American Magnitsky List,  the naming of those Russian officials deemed responsible for the persecution and death of whistleblower/attorney Sergei Magnitsky, The Government of Russia has banned eighteen Americans from travel to Russia. Whilst most of their names have not appeared in the media, other than the most senior officials, the Russian press has published their names and occupations, thus needlessly exposing their identities to criminal elements; I will not further endanger them by naming them.

These individuals were responsible for the arrest, extradition and conviction of arms trafficker Viktor Bout and convicted drug trafficker Konstantin Yaroshenko, both of whose prosecutions Russian claims were politically motivated.

Included in that list are:

(1) Six Assistant United States Attorneys, who were involved in obtaining the criminal convictions of Bout and Yaroshenko. The US Attorney for the Southern District of Florida was also named, as was a siting US District Court Judge.

(2) Four Special Agents of the Drug Enforcement Administration (DEA), including the supervising agent responsible for the Bout case.

(3) One Special Agent of the Federal Bureau of Investigation (FBI).

What's next, the filing of bogus criminal charges with INTERPOL ? All this Russian action will do is increase tensions between the two countries, and verify that the rule of law, as we know it in the West, does not exist in Russia. Whether Russian actions result in an increase in Country Risk for Russia is premature, but any additional punitive action taken against individuals in the American law enforcement community could trigger a major jump in Country Risk.

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