All posts by Joe Dickerson

Financial Forensic Report 3.2.2021

7 INDICTED IN
MODIFICATION FRAUD CASE

In a 14-count indictment based on conspiracy and fraud offenses, seven individuals were charged for a scheme designed to defraud homeowners across the United States who were trying to get mortgage loan modifications. Law enforcement seized more than $1 million in assets, including $350,000 from various bank accounts, approximately $362,000 from a Bitcoin account, a $100,000 cashier’s check, and a 2013 Ferrari 458 Italia.

The defendants jointly operated a series of companies based in California that pretended to provide home mortgage loan modification services to homeowners in exchange for upfront fees. Over the time frame of their fraudulent activities, the defendants cold-called homeowners and said they’d already been approved for loan modifications with favorable terms.

In addition to misleading homeowners about pre-approval, the defendants told homeowners that they would receive financial assistance under government mortgage relief programs — and if the mortgage loan fell through, homeowners would be entitled to a full refund of their fees. The upfront fees they charged were usually between $2,500 and $4,300.

Unfortunately, most homeowners hadn’t been pre-approved, didn’t have a legitimate mortgage loan modification through a reputable lender, and never received a refund when they requested one. To make matters even
worse, the defendants used numerous pseudonyms and changed both their business and operating names to make it virtually impossible for their victims to find them.

Here are just a few of the many business names they adopted to perpetuate their fraud:

  • First Choice Financial Group, Inc.
  • First Choice Debt
  • Legal Modification Firm
  • Home Care Alliance Group
  • Best Rate Financial Solutions
  • Green Tree Financial

If convicted, these defendants face a maximum term of 20 years for each count, which includes charges of conspiracy to commit mail fraud and wire fraud. They will also face an additional 10 years for participating in a crime involving telemarketing fraud that victimized 10 people who were over 55 years old. Depending on the defendant, they could be looking at 50 years for their crimes.

These individuals were opportunists, plain and simple. They took full advantage of the national mortgage crisis by targeting vulnerable homeowners who were facing economic hardship. If you’re thinking these criminals didn’t know that what they were doing was wrong, think again. The defendants ignored cease and desist orders directed at them for years, including one on December 17, 2013, from the State of Connecticut Department of Banking.

The good news is that the defendants involved in this scam failed to evade the watchful eye of the U.S. Department of Homeland Security, the U.S. Postal Inspection Service, and a number of other agencies and organizations. In spite of their attempts to evade law enforcement by changing their names and the name of their fraudulent enterprise, the defendants are now being prosecuted by the U.S. District of Connecticut Federal Court.

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We wanted to commemorate the occasion by profiling an amazing woman from history named Stephanie Kwolek. You may not have heard of her before, but you’ve probably heard of the invention she helped make possible: Kevlar.

After Kwolek graduated from Carnegie Mellon University in Pittsburgh, she was hired on at chemical company DuPont for a temporary position. However, she liked the work so much, she decided to stay — and she remained there for 40 years!

Her first position was formulating new synthetic fibers. She started in 1960, working with long molecule chains at low temperatures. In 1965, she made a huge discovery while working with a liquid crystal solution of large molecules called polymers. Her work resulted in a fiber that was unusually lightweight but extremely durable.

Eventually, this material was later developed by DuPont into Kevlar, a versatile synthetic material that has since found its way into military helmets, work gloves, bulletproof vests, sports equipment, fiber-optic cables, and building materials. For her contributions and her research on synthetic fibers, Kwolek was awarded the National Medal of Technology, and she was also inducted into the National Inventors Hall of Fame in 1994.

Over her career, Kwolek’s research efforts earned her 17 U.S. patents, and she also received other prestigious awards like the Kilby International Award and the 1999 Lemelson–MIT Lifetime Achievement Award. She was a prolific inventor, scientist, and researcher.

So what makes this material so special and Kwolek so deserving of her recognition? Kevlar is five times as strong as steel, resistant to everything from corrosion to flames, and flexible enough to wear on the human body. Thousands of law enforcement officers and soldiers rely on Kevlar every day.

It’s also significant to note that Kwolek graduated from college and started working at a time when most women didn’t get a degree or participate in the workforce. She served as an inspiration to women, especially women intimidated by science and technology. In honor of Women’s History Month, we’re proud to remember the inimitable Stephanie Kwolek!

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REAL COURT CASE NAMES

Terrible v. Terrible 

Nebraska v. One 1970 2-Door Sedan Rambler (Gremlin)

United States v. Approximately 64,695 Pounds of Shark Fins

United States v. Article Consisting of 50,000 Cardboard Boxes More or Less, Each Containing One Pair of Clacker Balls

Juicy Whip v. Orange Bang

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Diagnostic & Prescriptive Judgment Enforcement
By: Joe H. Dickerson, CFE

$24.95 + FREE S&H

Please place your book orders by calling
303.974.5610
during normal business hours Mon-Fri 9am-5pm MT.
or email joe@financialforensicservices.comand make an appointment
for a FREE initial review of your judgment. Thank you!

Copyright all rights reserved. Financial Forensic Services, LLC 2020 Brief quotation with attribution permitted. 

Financial Forensic Report 2.22.2021

SIGTARP CRACKS DOWN ON TREASURY’S MISDEEDS

The Treasury’s approval to reward the top 25 executives at GM and Ally Financial with excessive pay including pay of at least $1 million each, with average pay at $3 million while the Treasury was simultaneously writing off billions in losses for each company in its formal TARP (Troubled Asset Relief Program) accounting and records, has received special attention from its Office of the Special Inspector General. Over the past two years, it has practically doubled the number of defendants charged with crimes to bring accountability and justice.


 These TARP crimes are typically designed to be concealed. SIGTARP special agents, investigators, and analysts use classic law enforcement techniques, such as analyzing thousands of documents, interviewing witnesses, talking to cooperative witnesses, and conducting surveillance, combined with significant forensic analysis to detect and unravel sophisticated complex financial crimes that were intentionally designed to be hidden. 


SIGTARP works hand-in-hand with the prosecutors to ensure successful convictions. To the extent that the defendants do not plead guilty, SIGTARP prepares for trial with prosecutors. They also seek corporate accountability for criminal conduct. This comes in the form of holding corporations responsible for criminal conduct or through the conviction of senior management of the corporation.

Bank of America’s “Hustle” resulted in a federal jury trial in New York with the jury finding that Bank of America, through one of its officers, Rebecca Mairone, had engaged in criminal misconduct. The Federal Court’s July 30th, 2014 Order stated, “The essential crime found by the jury was a scheme to induce Fannie Mae and/or Freddie Mac to purchase mortgage loans originated through the High Speed Service Lane by misrepresenting that the loans were of higher quality than they were.” The Court’s Opinion described the bank’s process known as the “Hustle” as, “the vehicle for a brazen fraud by the defendants, driven by hunger for profits and oblivious to the harm thereby visited, not just on the immediate victims, but also on the financial system as a whole.” Penalties of $1.27 billion against Bank of America and $1 million against Defendant Mairone were ordered by the federal court. A Sun Trust fraud related to HAMP Foreclosure Prevention Program resulted in a Sun Trust agreement to pay $320 million to victims and the government with an agreement to the corporate charges.

Edward Woodard, the former Chairman and CEO of the now failed Bank of the Commonwealth, was sentenced to 23 years in fiscal 2014 for fraud on the bank’s books and records, including those used to apply for TARP.

Stephen Fields, former EVP was sentenced to 17 years; Troy Brandon Woodard, former VP of the bank’s subsidiary in September 2013 was sentenced to 8 years; co-conspirator Eric Menders was sentenced to 14 years and co- conspirator Stephen Hranowsky was sentenced to 11 years.

Isaak Khatizov, former owner of American Home Recovery was sentenced to 9 years in fiscal 2014 for defrauding hundreds of homeowners trying to get into the HAMP program.

Christopher Godfrey and Dennis Fisher, owners/controls of HOPE, were sentenced in fiscal 2014 to 7 years each for defrauding struggling homeowners trying to get into HAMP and Lee Farkas. The former chairman of Taylor, Bean & Whitaker, was sentenced to 30 years for his role in a multi-billion dollar fraud scheme that included an attempt by Colonial Bank to get TARP funds.

SIGTARP HAS ESCALATED EFFORTS TO BRING VICTIMS AND THE GOVERNMENT MONEY LOST TO TARP-RELATED CRIME AND OTHER VIOLATIONS OF THE LAW.

The requirements made through a court order or government agreement, stating that a defendant must pay money, brings accountability for law breakers. First, those who break the law should not be allowed to keep the financial windfalls of their crimes or civil violations of the law. Second, SIGTARP plays an important role in the government’s attempt to make victims whole. Third, to bring accountability and deterrence, penalties should be substantial, otherwise the risk is that penalties will become just a cost of doing business.

It is refreshing, at the very least, to see this government agency, the Office of the Special Inspector General for the Troubled Assets Relief Program (SIGTARP), working so hard to actually obtain justice rather than just paying lip service and issuing double-talk press releases about success via Cease and Desist Orders and probation for white collar criminals. CONGRATULATIONS SIGTARP— KEEP UP THE GOOD WORK!

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JUICE JACKING

Don’t get hacked juicing… and I don’t mean carrots. The juicing (and hacking) I want to bring to your attention is from kiosk charging stations, like the ones you might see at the airport or a conference center.

One thing that we can all count on is that if there is something that contains sensitive data, hackers will find a way to jack it. In this case it’s the information on your phone, tablet or other device. The USB cable connection that you use to charge your device contains prongs that have different functions. Only a couple of these are for charging—the others are for data transfer. Plugging in can allow easy access to your data. That’s the bad news; the good news is there are readily available ways to protect your data. One solution is to purchase a “charge-only” USB cable. According to my research, you can pick up one for around $8.

If you are interested in more information about this form of hacking/ jacking, just go to your favorite search engine and type in “juice jacking.” You will find that there are many posts related to this topic. There is even a YouTube video on how to make your own charge-only cable.

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AREAS OF SUCCESS,
AREAS OF STRUGGLE

When we are not operating in our area of giftedness, we struggle. We need to keep that in mind when we see a great achiever, or become a great achiever ourselves. Paul spoke five languages and wrote half the New Testament, but he constantly struggled with what he refers to as a “thorn in the flesh.” When he prayed and asked God to remove it, God said no. “My grace is sufficient for thee: for my strength is made perfect in weakness.” So we need grace in the areas of our gifting, and grace for the areas in which we’re not gifted at all. The story’s told of a man who went to hear a great speaker, and ended up seated beside the speaker’s wife. During the speech, the man noticed that the great speaker had monogrammed socks. Intrigued by this, he looked closer and saw that instead of the usual two or three initials were the letters “TGIF.” When the speech was over he complimented the speaker, then turned to the speaker’s wife and said, “How come your husband’s socks say, “TGIF: Thank Goodness It’s Friday?” She replied, “Oh that’s not what those letters mean; the monograms are there to help him get dressed. They stand for Toes Go In First.” As long as you live you will soar in some areas and struggle in others. And you will find that God’s grace is sufficient for any challenge you face. And that’s the word for you today.

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Diagnostic & Prescriptive Judgment Enforcement
By: Joe H. Dickerson, CFE

$24.95 + FREE S&H

Please place your book orders by calling
303.974.5610
during normal business hours Mon-Fri 9am-5pm MT.
or email joe@financialforensicservices.comand make an appointment
for a FREE initial review of your judgment. Thank you!

Copyright all rights reserved. Financial Forensic Services, LLC 2020 Brief quotation with attribution permitted. 

Financial Forensic Report 2.16.2021

Financial Transparency in the First State

Transparency has become a buzzword in every sector. But, nowhere is it more persistently pursued than in the financial realm and, today, no state in the Union is in such dire need of a substantial helping of transparency than Delaware. Even the New York Times hailed Delaware as a “Den of Thieves” and for good reason—Delaware is known as a hotbed for tax evasion, underground financing and other felonious acts perpetrated by an abundance of anonymous shell companies. In fact, Delaware, Nevada, and Wyoming, and the US itself, has a growing reputation as a haven for corporations seeking nefarious levels of economic secrecy.

Delaware is currently the incorporation locale for more companies than the state’s living residents. Approximately 64 percent of corporations on the Fortune 500 list and a whopping 50 percent of all United States publicly traded companies trace their incorporation back to the tiny state. It’s a well-thought-out decision for both the institutions themselves and the state, as Delaware has very favorable tax arrangements specifically aimed to draw businesses.

While this has worked wonders for the state’s income (roughly one quarter of which has come from taxes and fees in previous years), the appealing nature of incorporation continues to draw in business of a darker nature. From drug dealers to dictators, anonymous shell companies have taken advantage of Delaware’s friendly legislation to secretly launder illegally obtained funds. Most notoriously in recent memory, former Ukrainian president, Pavel Lazarenko was prosecuted for laundering millions through anonymous companies incorporated in the US, specifically in Delaware and California.

Something obviously needs to change. In response, a coalition of 13 state-based organizations, along with the Americans for Democratic Action, distributed a statement which announced to criminals and corporations alike that Delaware is no longer willing to be a playground for dirty deals. The statement called for the legislature to bolster laws on economic transparency and after it was issued, local lawmakers joined the fight as well, calling on the Delaware Congress to take action.

How the legislature itself will move forward is anybody’s guess. Will the lure of dirty money be too strong a siren call for the state, or will the recent outcry push Delaware to join the growing global movement towards economic transparency? While few things are certain, it looks like the First State’s anonymously corrupt days may be numbered.

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Proposed FinCEN Rule Should Help Track Down Perpetrators of Fraud

Federal Trade Commission staff filed a comment on a Notice of Proposed Rulemaking published by the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury, in which FinCEN proposed a rule to clarify and strengthen existing customer due diligence requirements for financial institutions under the Bank Secrecy Act. Among other requirements, the proposed Customer Due Diligence Rule would require financial institutions to collect information on the individuals who are the beneficial owners of a legal entity when the entity opens an account.

The comment of the FTC’s Bureau of Consumer Protection and Bureau of Economics notes that the proposed Rule should improve the FTC’s ability to track down those perpetrating fraud against consumers. FTC staff provided examples from FTC enforcement actions in which individuals used legal entities or “shell” companies to disguise their involvement with fraudulent operations and transfer the proceeds of fraud— instances in which information about the individuals behind a legal entity would have helped the FTC’s law enforcement, particularly in its efforts to quickly shut down fraudulent operations.
 The Commission vote to issue the staff comment was 5-0. It was sent to FinCEN Director Jennifer Shasky Calvery. 

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The Future

The story’s told of a clock that spent a great deal of time worrying about it’s future, reasoning that it had to tick twice each second. “How much ticking might that be?” the clock thought. So it began to calculate that it would tick 120 each minute, which is 7,200 times each hour. That meant in a twenty-four hour day it would have to tick 172,800 times, and 63,072,000 times every year. By this time the clock began to get overwhelmed and sweat profusely. Finally, it calculated that in a ten-year period it would have to tick 630,720,000 times – and at that point the clock collapsed with a nervous breakdown. Psychologists reckon that about 95 percent of all we worry about never happens. What about the other 5 percent? Four out of five times things turn out better than we anticipated, including a lot of outright blessings! In the end, only 1 percent of all the bad we think might happen actually does, and of this it’s rarely as bad as we feared. That’s why Jesus said, “Don’t be anxious about tomorrow. God will take of your tomorrow too. Live one day at a time.” The apostle Peter gives us the right perspective to live by in these words: “Casting the whole of your care, all your anxieties, all your worries, all your concerns, once and for all on Him, for He cares for you affectionately and cares about you watchfully.” So the word for you today is – don’t obsess over the future.

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Diagnostic & Prescriptive Judgment Enforcement
By: Joe H. Dickerson, CFE

$24.95 + FREE S&H

Please place your book orders by calling
303.974.5610
during normal business hours Mon-Fri 9am-5pm MT.
or email joe@financialforensicservices.comand make an appointment
for a FREE initial review of your judgment. Thank you!

Copyright all rights reserved. Financial Forensic Services, LLC 2020 Brief quotation with attribution permitted. 

Financial Forensic Report 2.8.2021

Your USB Thumb Drives Can Be Used to Compromise Your Computer!

These days, it’s very common for people to share or exchange USB devices. People hand them out at conferences, give them away,  and forget them in computers. They are inexpensive and convenient. But be careful; a new exploit has been identified that makes these non-threatening thumb drives capable of malicious actions!

Recently, a major flaw was discovered in the firmware of USB devices that affects all USB devices. Storage devices, keyboards, mice, cell phones, and any other device that has a USB connection can be affected by this flaw. The threat runs deeper than just the information stored on USB drives; it is a flaw in how USB devices work. An attacker can manipulate or re-code a USB device and 99% of the time, it is undetectable as the USB device functions at a layer below that of antivirus software and is automatically trusted by   the computer that it is plugged into. An infected USB device can completely take over a computer, invisibly alter files, redirect internet traffic, or capture usernames and passwords. Unfortunately, currently there is no fix for this, and this vulnerability will likely remain for years to come since it is a flaw in the way USB devices are made.

The researchers that discovered this vulnerability recently released the code on the internet hoping to get expedited collaboration to fix this problem, but this also gave access of the code to “bad guys.”

As of right now, we are advising our clients to be EXTREMELY careful with USB devices.

  • NEVER buy a USB device that has been opened and returned. This includes anything that plugs into your computer with a USB cable.
  • NEVER plug in a USB device that you find lying around. If you didn’t remove it from the original package, DO NOT plug it into a computer.
  • If someone hands you a USB device, ask them where they got it. Did they get it new? Was it a gift? IF they are unsure, do not use the device. 

What can you do to still use USB devices without worrying about this attack?

  • Buy some new USB devices and only use them. If you need information from someone else, give THEM a USB device that you know is not compromised. Ask them to put the data you need on it.
  • If someone needs to send you data, ask them to share the data with you through Dropbox or another sharing service, or ask them to burn the data   to a CD.

We will continue to monitor this vulnerability and provide updates. As of now, we ask that you please be very careful with USB devices, and do not use USB devices from untrusted sources.


Thanks to Karl Epps for writing this article. As a computer forensic expert, he provides computer support services including computer claim consulting on computer issues and forensic technology services for more than 150 businesses. He is also an expert witness holding EnCE, CHFI, and CCFE certifications.


Copyright all rights reserved. Financial Forensic Services, LLC 2020 Brief quotation with attribution permitted. 

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THE PROTOCOL FOR LIFE

One Sunday a plainly dressed, scholarly-looking man went to church in the Netherlands and took a seat near the pulpit. A few minutes later, a lady approached the pew. Seeing a stranger sitting in it, she curtly advised him that this was “her seat.” He graciously apologized, and moved to one of the pews in the back of the church reserved for the poor. There, he joined in the service and left afterword without further incident. When the service was over, one of the woman’s friends asked her if she knew who it was she had ordered out of her pew. “No,” the woman replied casually, “only some stranger, I suppose.” She was shocked to learn from her friend that the stranger was King Oscar of Sweden, who was in the country visiting their queen. There’s a lesson here for you. Whether you go to a big church or a small one, Jesus the head of the church, said, “Where two or three are gathered together in My Name, I am there in the midst of them.” That means, Jesus, the King of Kings, will be present. You must recognize His presence, worship Him, and make Him your central focus. Otherwise, you might as well join a social club or just stay home. The psalmist gives us the protocol: “Enter into His gates with thanksgiving, and into His courts with praise. Be thankful to Him, and bless His name. For the Lord is good; His mercy is everlasting, and His truth endured to all generations” 

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Diagnostic & Prescriptive Judgment Enforcement
By: Joe H. Dickerson, CFE

$24.95 + FREE S&H

Please place your book orders by calling
303.974.5610
during normal business hours Mon-Fri 9am-5pm MT.
or email joe@financialforensicservices.comand make an appointment
for a FREE initial review of your judgment. Thank you!

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Financial Forensic Report 2.1.2021

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Table of Contents

  • “Fighting the Business Email Compromise Threat” Article By Joe H. Dickerson, CFE
  • West of the Pecos Casserole Recipe
  • “Quotes for Life” By Joe H. Dickerson, CFE
  • “Real Court Case Names” 
  • Buy “Diagnostic & Prescriptive Judgment Enforcement” Book By International Best Seller Author, Joe Dickerson, CFE,
  • “What Clients Say” About Financial Forensic Services 

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FIGHTING THE BUSINESS EMAIL COMPROMISE THREAT

By: Joe H. Dickerson, CFE

On a pretty typical day, an accountant for a U.S. company received an email from her CEO requesting a transfer of funds for an acquisition.   The CEO was out of the country on vacation at the time, but everything seemed to be in order: The follow-up email from the attorney included   an appropriate letter of authorization and the CEO’s signature over their company seal.

So the accountant wired more than $737,000 to a bank in China. The next day, while discussing a different matter, the accountant casually mentioned that she’d completed the wire transfer as per the CEO’s instructions. Unfortunately, the CEO had no idea what she was talking about. As it turns out, they were victims of a fraudulent financial scheme called business email compromise, or BEC. 

This BEC fraud is one of the most sophisticated scams ever seen, already costing businesses worldwide more than a billion dollars in actual and attempted losses. In the U.S. alone, total dollar losses across more than 7,000 companies have exceeded $740 million — and that’s only accounting for what’s been reported! What’s more, the business world has seen a 270 percent increase in BEC victims in 2015 so far over last year, including companies in all 50 states and nearly 80 countries internationally, with most of the fraudulent transfers wired to Chinese banks. 

So who are the perpetrators of BEC fraud? Generally, they’re sophisticated organized crime groups based in Africa, Eastern Europe, and the Middle East. They specifically target businesses that regularly work with foreign suppliers, or that utilize wire transfer payments on a regular basis. By compromising legitimate business email accounts, the scammers can make such wire transfer requests appear authentic. All too often, businesses aren’t on the lookout for a scam occurring through the email account of their own executive.

It used to be that email scams were easy to spot. Remember the Nigerian lottery scam and other amateurish fraud attempts? Since then, the most sophisticated scammers do their homework and are using authentic email addresses, writing with proper grammar, and picking dollar amounts that sound legitimate in their fraud schemes. 

In the case of the accountant we mentioned earlier, she later noticed that the email from the “CEO” was actually .co instead of .com — and that the attachment from the “lawyer” featured a forged signature and a company seal image taken from the company’s public website. The scammers had uncovered the email addresses through the company’s website, as well as the global media events the CEO would attend throughout the year.

Whether the scammers are able to hijack actual company emails or just mimic them closely, they invariably direct the fraudulent payments to their own accounts — sometimes switching a trusted bank number by only a single digit. Once the wire transfer is done, there’s only a very short window of time before the money is completely out of reach. 

The best thing you can do in your company is be aware of the threat. Recognize that not all emails are what they seem, and watch for signs that something is amiss. You can’t control everyone else,  but you can scrutinize any fund transfer requests and double- check with your boss before pulling the trigger on them.

If your business somehow ends up being victimized by  a BEC scam, act quickly. You should contact your financial institution immediately and ask them to contact the financial institution where the fraudulent transfer was sent — then call local law enforcement and file a complaint with the IC3 (the Internet Crime Complaint Center). Their complaint referral form can be found on Google.

Copyright all rights reserved. Financial Forensic Services, LLC 2020 Brief quotation with attribution permitted. 

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QUOTES FOR LIFE

“Build your own dreams, or someone else will hire you to build theirs.” – Farrah Gray

“I must create a system or be enslaved by another mans.” – William Blake

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” – R. Buckminster Fuller

“A peacock that rests on his feathers is just another turkey.” – Dolly Parton

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REAL COURT CASE NAMES

  • Batman v. Commissioner
  • United States v. Forty Barrels and Twenty Kegs of Coca Cola
  • The California Coalition of Undressed Performers v. Spearmint Rhino
  • United States v. Forty-three Gallons of Whiskey
  • One 1958 Plymouth Sedan v. Pennsylvania
  • United States v. 200-Foot Reels of Super 8mm Film
  • Death v. Graves

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Diagnostic & Prescriptive Judgment Enforcement
By: Joe H. Dickerson, CFE

$24.95 + FREE S&H

Please place your book orders by calling
303.974.5610
during normal business hours Mon-Fri 9am-5pm MT.
or email joe@financialforensicservices.comand make an appointment
for a FREE initial review of your judgment. Thank you!

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Financial Forensic Report 1.25.2021

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Table of Contents:

  • “CUSIPs R US – Phantom Loan Collateral” Article by Joe H. Dickerson, CFE
  • Cheesy Chicken & Rice Bake Recipe
  • “Learn to Say Yes or No” Short Story
  • Buy “Diagnostic & Prescriptive Judgment Enforcement” Book By International Best Seller Author, Joe Dickerson, CFE,
  • “What Clients Say” About Financial Forensic Services 

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CUSIPs R US
PHANTOM LOAN COLLATERAL

By: Joe H. Dickerson, CFE

Do you want or need to get a significant commercial loan from your bank or other lender? Does the lender require more collateral than you have available? Would they accept good securities (stocks or bonds) to collateralize the loan?

Well, there’s “good news”! If you are so inclined, you can rent the securities complete with CUSIP numbers for verification. (CUSIP is an acronym for the Committee on Uniform Securities Identification Procedures). Each security issue (stocks, corporate, municipal, or treasury security) bears a unique CUSIP number assigned.

The fraud works this way: you rent or lease the securities so you can “enhance” your assets in order to obtain a loan or business deal that you could not have otherwise obtained by claiming these non-existent securities as your own assets. They are listed on your financial statement to enhance your net worth and/or you actually pledge them as collateral for your loan. Either way, this activity is fraudulent, whether or not the securities do, in fact, exist. The scam artists use a valid CUSIP number of a security that trades regularly in the market so you or your lender can get pricing information and confirm that the security was issued.

The scam artists offering these securities for rent cannot produce them upon request. You will hear such excuses as “they are frozen at my bank;” “they are scattered in banks all over the world and would be too difficult to produce;” and “bank secrecy laws prevent such verification.”

Some of the offers to lease Treasury securities involve the use of real Public Debt forms to make the scam seem “official.” The two forms that are commonly used are: PD F1832-Special Form of Assignment for US Registered Definitive Securities, used only by the Bureau of Public Debt and the Federal Reserve Banks; and PD F1071-Certificate of Ownership of United States Bearer Securities, used to validate the ownership of  bearer  notes  and  bonds that are presented for redemption more than  one year after maturity.  In  all cases, the forms are not valid unless the registered securities actually accompany the forms.

Scam artists use these forms as “evidence” that they hold the securities and that the forms can convey ownership or title to the securities listed on the forms.

Beware if you lease or rent securities, as you may be the  victim of fraud.   If you use these securities to “enhance” your financial statement to get a loan, or if you pledge these securities as collateral for a loan, you may be committing, or at least participating in, fraud. If you personally, your bank, or your company has accepted as collateral securities that you believe to be rented or leased, you may be the real victim of a major fraud. Remember— Due Diligence is Good Business!

Copyright all rights reserved. Financial Forensic Services, LLC 2020 Brief quotation with attribution permitted.

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LEARN TO SAY YES OR NO

Good negotiators understand that talking too much is a sign of insecurity and weakness. Sometimes the most potent word in any language is a simple yes or no., without further explanation or elaboration. Most decisions eventually come to that point. In order to do that, you must be able to answer these three questions: (1) Is this decision mine alone to make? If you are the sole decision maker or the final decision maker, don’t hesitate and don’t vacillate, make the decision. And before you do, stand on this Scripture: “If any of you lacks wisdom, let him ask God, who gives to all liberally and without reproach, and it will be given to him.” (2) What will happen if I put off making this decision? In most cases, things will either get better or worse for one or more party. So weigh your decision carefully, realizing that it is likely to lean in favor of the heavier weight of the argument, then decide. At this point, stand on the Scripture: “Trust in the Lord with all your heart, and lean not on your own understanding; in all your ways acknowledge Him, and He shall direct your paths.” (3) Does every decision have a moral and spiritual dimension? When you compromise your convictions or character for popularity or profit, you end up morally and spiritually bankrupt. So hold your values and base your decisions on them.

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Diagnostic & Prescriptive Judgment Enforcement
By: Joe H. Dickerson, CFE

$24.95 + FREE S&H

Please place your book orders by calling
303.974.5610
during normal business hours Mon-Fri 9am-5pm MT.
or email joe@financialforensicservices.comand make an appointment
for a FREE initial review of your judgment. Thank you!

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Financial Forensic Report 1.18.2021

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Table of Contents:

  • “Jive in the Oil & Gas Fields” Article 
  • Broccoli Craisin Salad Recipe
  • “We All Need Purpose and Persistence” Short Story
  • Buy “Diagnostic & Prescriptive Judgment Enforcement” Book By International Best Seller Author, Joe Dickerson, CFE,
  • “What Clients Say” About Financial Forensic Services

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JIVE IN THE OIL AND GAS FIELDS 

William Jive is an Oklahoma oil man. He raises money to drill wells through private placement offerings to sell membership interest in limited liability companies. Financial Forensic Services’ client, G. A., invested in numerous oil deals, being assured these investments were completely safe and that Mr. Jive had no prior legal problems. Over the next two years, G. A. invested most of his life savings of nearly $1 million in Jive oil and gas deals.

Shortly thereafter, the investments’ returns dribbled down to next to nothing. Jive apparently was the only oil and gas man in Oklahoma not making any money. G. A. was not the only one to become suspicious—over the next few months he was interviewed by investigators from the Securities and Exchange Commission, then an FBI agent, followed by a criminal investigator from the IRS. G. A. eventually learned Jive had failed to comply with state and federal requirements for the sale of securities despite assurances that he had. In fact, much of G. A.’s investment was used by Jive to maintain his extravagant lifestyle with very little of it being used to drill shallow wells.

Jive began to accumulate numerous legal problems as he started fraudulently transferring assets from his oil and gas companies to shell entities in the name of his half-brother in Arkansas and then those assets were pledged to a Trust vehicle set up by one of his attorneys for the benefit of an ex-con from Florida.

Jive and the Florida ex-con, with the help of the attorney, set up the following fraud vehicles: The Credit Line Deed of Trust, Mortgage, Security Agreement, Assignment of Production and Financing Statement for Jive and all of his oil and gas entities pledged to Chuck E., Esq. (Jive’s attorney) as Trustee of All Holding Enterprises as lender which was created to provide a $2 million line of credit to Jive.

Jive and the Florida ex-con then agreed that the Trustee (Attorney) would sue Jive for failing to pay off the line of credit and Jive would then confess judgment, even though there was no showing that the line of credit was ever funded or that any demand for payment was ever made. Notwithstanding those minor details, Jive and (his attorney) the Trustee for the benefit of All Holding Enterprises entered into an Agreed Judgment which was approved by a District Court Judge whereby All Holding Enterprise was given an Assignment and Bill of Sale for all personal and business assets of Jive and all of his oil and gas entities and all defendants were released from the Agreed Judgment.


Copyright all rights reserved. Financial Forensic Services, LLC 2020 Brief quotation with attribution permitted. 

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WE ALL NEED PURPOSE AND PERSISTENCE

To live your best life you need two things – purpose and persistence.
Let’s look at purpose. On the historic monument commemorating the life of author Jack London, who wrote the classic White Fang, are these words: “I would rather be ashes than dust! I would rather my spark burn out in a brilliant blaze than it should be stifled by dry rot. I would rather be a superb meteor, every atom of me in a magnificent glow, than a sleepy and permanent planet. The function of a man is to live, not to exist. I shall not waste my days trying to prolong them. I shall use my time.” To make a difference in this world you must discover your God-given assignment, and commit yourself to it 100 percent.


Let’s look at persistence. It took Sir Winston Churchill three years to get through the eighth grade because he had trouble learning English. Yet his speeches during World War II inspired and galvanized Britain to fight and win in the face of overwhelming odds. When he was asked to give the commencement address at Oxford University, he delivered the shortest speech on record – just six words. “Never give up! Never give up!” And those words are the essence of purpose and persistence.

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Diagnostic & Prescriptive Judgment Enforcement
By: Joe H. Dickerson, CFE

$24.95 + FREE S&H

Please place your book orders by calling
303.974.5610
during normal business hours Mon-Fri 9am-5pm MT.
or email joe@financialforensicservices.comand make an appointment
for a FREE initial review of your judgment. Thank you!

_____________________________________________________________________________

Financial Forensic Report 1.11.2021

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Table of Contents:

  • FFS Welcome Letter to Terry Schell by Joe Dickerson, CFE, CFI
  • “Home Health Care Schemes” Article by Joe Dickerson, CFE, CFI
  • Cajun Jambalaya Recipe
  • “We Need Each Other” Short Story
  • Buy “Diagnostic & Prescriptive Judgment Enforcement” Book By International Best Seller Author, Joe Dickerson, CFE,
  • “What Clients Say” About Financial Forensic Services

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FFS is pleased to welcome Terry Schell to our new Houston, TX office!

We are thrilled to have Terry Schell join us in the key position as Director of Business Development for Financial Forensic Services, LLC, said Joe H. Dickerson, CFE, CFI, Chief Executive Officer of the Colorado based forensic research and consulting judgment enforcement firm. With over 60 years of relevant experience, Terry brings exceptional expertise and wisdom which will make a direct contribution to the firm’s continued domestic and international growth.

Terry was then brought to Tulsa, OK to manage the new Four Theatre and Arts Complex where he quickly became known as a true gentleman with unequaled tenacity and professionalism. He was known for the outstanding success of the heavy scheduled local and touring productions of Broadway shows, orchestras and dance performances.

In 1981, he then became President of Ticketmaster in Houston, the largest computerized ticketing operation in the World. There he was bonded for $35,000,000.00 annually, covering the amount of ticket sales for which he was chiefly responsible.

Terry then learned and quickly mastered new IRS regulations concerning Cost Segregation, allowing him to move into the private sector where he consulted with commercial building owner clients across the USA, saving them hundreds of millions of dollars in tax liabilities.

Mr. Schell retired from the corporate world in 2008 and has operated his own real estate investment projects for nearly 40 years, investing in real estate. He is also working in the Secondary Market of the Financial Industry by Brokering Promissory Notes backed by real estate in the single family, commercial and raw land niches all over the U.S.A.

Married to Diane for 52 years, they have a son and four grandchildren. Both Terry and Diane are active in their respective careers and have no intention of slowing down any time soon.

My wife Barbara Dickerson, CFO and our entire staff at Financial Forensic Services, LLC join me in welcoming Terry to our business family. We all look forward to working with him in the coming years to better serve all of our current and future clients.

Joe H. Dickerson, CFE, CFI
Chief Executive Officer
Financial Forensic Services, LLC
303.974.5610

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HOME HEALTH CARE SCHEMES

By: Joe Dickerson, CFE, CFI

A former director of nursing pleaded guilty in connection with a health care fraud scheme involving Anna Nursing Services Corp., a defunct home health care company in Miami.

Armando Buchillon, 42, of Hialeah, Florida, pleaded guilty before U.S. District Judge Joan A. Lenard in the Southern District of Florida to one count of conspiracy to commit health care fraud.

According to court documents, Buchillon was a director of nursing  at Anna  Nursing,  a  Miami home health care agency that purported to provide home health and therapy services to Medicare beneficiaries. The owners and operators of Anna Nursing agreed to and actually did operate Anna Nursing for the purpose of billing the Medicare Program for, among other things, expensive physical therapy and home health care services that were not medically necessary and/or were not provided.

Anna Nursing was paid approximately $7 million by Medicare for this fraudulent scheme that lasted about 20 months.

Over the past seven years, approximately 1,900 defendants have been charged with fraudulently billing Medicare over $6 billion.

Our tax money at work!

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WE NEED EACH OTHER

Next time you take a walk in the woods stop and think about what is taking place right under your feet. As the roots of the trees connect with each other they form a support system. One has access to water, another to nutrients, and another to sunlight. No single tree has it all, but together they can grow, thrive, and withstand the storms of life. Then they will grow in every way. As we grow and become strong because of love, some of us independent types have difficulty with this concept. We want to fly solo until we crash, and then we realize our need for: (1) Encouragement. Even Paul needed cheering on: “Everyone in Asia has turned against me, especially Phygelus and Hermogenes. I pray that the Lord will be kind to the family of Onesiphorus. He often cheered me up and wasn’t ashamed of me when I was put in jail. Then after he arrived in Rome, he searched everywhere until he found me.” (2) Sympathy. “Be sympathetic. We all need to be understood and have our feelings validated. But sometimes we are in such a hurry to “fix” people we don’t have time to sympathize with them.” (3) Grace. “Remember, the Lord forgave you, so you must forgive others. What motivates us to extend grace to others? God’s grace to us! Remember, you will never be asked to extend more grace to someone than God has already extended to you.”

______________________________________________________________________________

Diagnostic & Prescriptive Judgment Enforcement
By: Joe H. Dickerson, CFE

$24.95 + FREE S&H

Please place your book orders by calling
303-875-4165
during normal business hours Mon-Fri 9am-5pm MT.
or email joe@financialforensicservices.comand make an appointment
for a FREE initial review of your judgment. Thank you!

____________________________________________________________________________

Financial Forensic Report 1.4.2021

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Table Of Contents: 

  • “Two Men Charged With Theft Of Home After Foreclosure” Article from The Paper Source Newsletter
  • “How Disruptive Processes Can Increase Judgment Recovery By 80%” Article by Joe Dickerson, CFE, CFI
  • Russian Chicken Recipe
  • “Don’t Hope – Decide” Short Story
  • Buy “Diagnostic & Prescriptive Judgment Enforcement” Book By International Best Seller Author, Joe Dickerson, CFE,
  • “What Clients Say” About Financial Forensic Services

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TWO MEN CHARGED WITH THEFT OF HOME AFTER FORECLOSURE 

Semyon (aka Sam) Muratov, 34, and Yuriy Munarov, 31, both of Forest Hills, Queens, New York, who were the winning bidders at a foreclosure auction, have been charged with illegally evicting a homeowner from his lawful residence and then breaking in and boarding up doors and windows prior to legally assuming ownership and taking possession of the property.

The defendants were charged with second-degree burglary, third-degree criminal mischief, second-degree criminal trespass, and unlawful eviction. The defendants face up to 15 years in prison if convicted. According to the charges, Muratov placed a down payment of $25,000 on a residence located on 11th Street in Richmond Hill, Queens, at a foreclosure sale. However, the sale had not yet gone to closing. 

That same day, it was alleged that Muratov and Munarov went to the property and informed the homeowner they had bought his house at an auction and  he had to vacate the premises. When the homeowner asked for proof of the sale, the defendants refused to supply any evidence and instead told the homeowner that he had to give them the keys to the house, and that they would be back in a couple of days to make sure he left.

It was additionally alleged that when the two defendants returned to the property and they couldn’t gain entry, they broke in. They told the homeowner that he could take a few things with him. When indicated that he had nowhere to go, the defendants allegedly gave him $200 in cash to find a place to stay. At that point, the homeowner grabbed some important documents and left the location.

When he returned later to the house, he allegedly discovered that all of the first-floor doors and windows had been boarded up and chains had been placed in the door lock areas of the front door, preventing him from gaining entry to his house, which contained most of his personal belongings.

Although the mortgage lender auctioned off the property, Muratov could not assume ownership of the property until there was a closing with full payment for the property and a transfer of the deed, and he should have waited until then to evict the homeowner.

Even after a closing, Muratov would have had to proceed with a lawful eviction proceeding of the homeowner. He and Munarov did not have any authority to show up at the residence, direct the homeowner to vacate the premises, and board up the house.

“More and more we are seeing individuals who are dealing with distressed properties unscrupulously taking advantage of the situation to benefit themselves,” said the district attorney. “The defendants in this case are accused of taking the law into their own hands and bullying a homeowner into vacating his residence so that they would not have to deal with a housing court eviction proceeding.”

The sheriff said, “We are not going to stand for anyone circumventing the law. Our office is working diligently to protect homeowners and tenants who may  fall victim to the various unscrupulous and predatory behaviors in real estate transactions. People have the right to live undisturbed in their homes, and these two individuals are accused of violating the due process rights of the tenants at the address. The Sheriff’s Office stands ready to arrest individuals who violate this basic principle.”

Reprinted with permission from “The Paper Source: The News of the Note Business”

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HOW DISRUPTIVE PROCESSES CAN INCREASE JUDGMENT RECOVERY BY 80%


By: Joe Dickerson, CFE, CFI

It’s Not What You Win – It’s What You Recover That Matters!

Winning your case and being granted a judgment by the court is said to be justice. But where is the justice if the “winner” does not recover their loss? With 80% of the civil judgments never being collected, year after year in the U.S., it would appear that the only winners are the attorneys – all attorneys involved, the attorneys for the winners (the judgment creditors) and the attorneys for the losers (the judgment debtors). The traditional process is time-consuming, expensive (more billable hours) and is a failure.

By scaling down the current unproductive, bloated process, clients can now get a much more efficient economical result by using the “Sure-Fire Judgment Enforcement Process” developed by Joe Dickerson, CFE, CFI and Chief Executive Officer, Founder of Financial Forensic Services, LLC.

Traditionally attorneys for judgment creditors would start the enforcement process by subpoenaing the debtor for a deposition (aka debtor’s exam) with the subpoena requiring the debtor to bring with him all of his financial records, including tax returns, bank statements, financial statements, real estate deeds, etc.

The process is very seldom, if ever effective. In fact, it is nearly always counterproductive. By the very nature of the questions posed by the judgment creditor attorney, he is telling the debtor what he knows and what assets he is going after so the debtor can move those assets, bury them even deeper and make them even more expensive and difficult to recover. This process is then followed again and again until the creditor attorney has told the debtor everything he thinks he knows at this point.

When the creditor attorney asks the “hard questions” such as, “Will you please produce your bank statements?” The reply is usually some version of, “What statements are you talking about?” or, “I’m sorry but my CPA (or my wife) has all those, but I’ll be sure and get them for you.” etc., etc., ad nauseam. When asked, “What other assets do you own or where else do you have bank accounts?” the debtor frequently lies! Yes, even under oath, they are often not good, honest people. In fact, they are often frequently professional thieves, conmen, etc. and yes, women are often better at it than men. It is often asked, “Well what about their attorney, they’re a licensed professional, don’t they have to require their witnesses to tell the truth?” What’s the saying about birds of a feather flock together? Who do you think coaches the witness?

Remember, the bad guys often do not tell the truth and frequently do NOT comply with the production subpoenas, often with impunity. It is not unusual for the creditor’s attorney to fail to push for compliance.


So, what can and should the judgment creditor do?

Two things:

  1. Immediately fire your uncapable/non-performing attorney.
  2. Hire a team of professional forensic judgment enforcement experts to efficiently locate and document assets to satisfy the judgment and manage the recovery process.

For a free, no obligation consultation or review of your uncollected judgment, Call Joe Dickerson, CFE, CFI at 303.974.5610 or Email joe@financialforensicservices.com.


 Also visit our website at www.financialforensicservices.com or our
YouTube page at www.youtube.com/financialforensics
and see our three short video clips.

To order a copy of Joe’s International Best Seller Book,
“Diagnostic & Prescriptive Judgment Enforcement”
call 303.974.5610


Copyright all rights reserved. Financial Forensic Services, LLC 2020 Brief quotation with attribution permitted. 

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DON’T HOPE – DECIDE!

While waiting to pick up a friend at the airport in Portland, Oregon, John had one of the life changing experiences that you never hear other people talk about – the kind that sneaks up on you unexpectedly. This one occurred a mere two feet away from him.

Straining to locate his friend among the passengers deplaning through the jet way, he noticed a man coming toward him carrying two light bags. The man stopped right next to him to greet his family.

First the man motioned to his youngest son (maybe six years old) as he laid down his bags. They gave each other a long, loving hug. As they separated enough to look into each other’s face, John heard the father say, “It’s so good to see you, son. I missed you so much!” His son smiled somewhat shyly, averted his eyes and replied softly, “Me to, Dad!”

Then the man stood up, gazed his eyes of his oldest son (maybe nine or ten) and while cupping his son’s face in his hands said, “You’re already quite the young man. I love you very much, Zach!” They too hugged a most loving, tender hug.

While this was happening, a baby girl (perhaps one or one and a half) was squirming excitedly in her mother’s arms, never once taking her little eyes off the wonderful sight of her returning father. The man said, “Hi, baby girl” as he gently took the child from her mother. He quickly kissed her face all over and then held her close to his chest while swinging her from side to side. The little girl instantly relaxed and simply laid her head on his shoulder, motionless in pure contentment.

After several moments, he handed his daughter to his oldest son and declared, “I’ve saved the best for last!” and proceeded to give his wife the longest most passionate kiss John ever remembered seeing. The man gazed into her eyes for several seconds and then silently mouthed, “I love you so much!” They stared at each other’s eyes beaming big smiles at one another while holding both hands.

For an instant they reminded John of newlyweds, but he knew by the age of the kids that they couldn’t possibly be. John puzzled about it for a moment then realized how totally engrossed he was in the wonderful display of unconditional love not more than an arm’s length away from him. Suddenly feeling a little uncomfortable, as if he was invading something sacred, he was amazed to hear his own voice nervously ask, “Wow! How long have you two been married?”

The man replied, “Been together fourteen years, married twelve of them” never breaking his gaze from his lovely wife’s face. “Well then how long have you been away?” John asked. The man finally turned and looked at John, still beaming his joyous smile, “Two whole days” he replied.

Two days! John was stunned. By the intensity of the greeting, John had assumed he’d been gone for at least several weeks – if not months. John knew his expression betrayed him.

He said almost offhandedly, hoping to end his intrusion with some semblance of grace (and to get back to searching for his friend), “I hope my marriage is still that passionate for twelve years!”

The man suddenly stopped smiling.

He looked John straight in the eye, and with forcefulness that burned right into John’s soul, said something that left John a different person. He told John, Don’t hope friend – decide!” Then he flashed his wonderful smile again, shook John’s hand and said, “God Bless.”

______________________________________________________________________________

Diagnostic & Prescriptive Judgment Enforcement
By: Joe H. Dickerson, CFE

$24.95 + FREE S&H

Please place your book orders by calling
303.974.5610
during normal business hours Mon-Fri 9am-5pm MT.
or email joe@financialforensicservices.comand make an appointment
for a FREE initial review of your judgment. Thank you!

_____________________________________________________________________________


Financial Forensic Report 12.28.2020

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Table of Contents:

  • “The Fraudulent Flow of Foreign Wealth” Article By Joe Dickerson, CFE
  • Seafood Fondue Recipe
  • “His Name Is John” Article
  • Buy “Diagnostic & Prescriptive Judgment Enforcement” Book By International Best Seller Author, Joe Dickerson, CFE
  • “What Clients Say” About Financial Forensic Services

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THE FRAUDULENT FLOW OF FOREIGN WEALTH – Part 2

By: Joe Dickerson, CFE

Part of the reason our country thrives is because it attracts immense talent and investment from all  over  the  world.  While we naturally want to encourage more of the world’s resources to come to our shores, this effort can go too far. Officials in big shining cities like New York practically beg for foreign investment. In fact, New York offers tax breaks for condominium developments that represent a second or even third residence for ultra-wealthy buyers.
 

As we discussed in Part 1 of this article, the ultra-wealthy tend to use shell companies to purchase and hold ownership in  elite real estate. If you look at the situation closely, you’ll start to see that New York actually courts these types of individuals through favorable tax treatment while turning a blind eye to where the money comes from.
 

It’s true  that  many  wealthy  owners  are  simply  celebrities  or successful professionals like doctors, lawyers, and entrepreneurs, but there are also dozens of ultra-wealthy foreign investors who take full advantage of the lack of oversight in these high-ticket transactions.

One elite building in particular is home to at least 17 billionaires from Forbes’ annual list of the world’s richest people. The tower originally had 26 percent of its sales go to people from other countries, but that number has recently jumped to more than 50 percent. The whole scheme seems designed to help these individuals shield their identities from the public record, to the point where the owners can choose someone else’s name to list for them to get access to their own building. 

Many deeds are now signed by a representative, signed illegibly, or even left blank. The registered phone numbers are under the owners’ lawyers’ names. The tax statements are addressed to their companies rather than to themselves. Even the transaction itself is designed to keep names out f it – because these deals are done in cash, there’s no mortgage statement or other public document to identify the true owner. 

Privacy has become so important in these types of deals that high-end real estate agents and lawyers may actually go through an entire transaction without ever knowing the actual identity of the buyer. This trend toward opacity in high-end real estate deals is already the status quo, with many brokers insisting the commitment to anonymity is the only way to actually get these types of clients. 

Part of the reason for this change is that newer luxury towers are condo developments, rather than cooperative boards where each resident jointly owns the building. In co-op boards, there’s bound to be extreme scrutiny to make sure you don’t let in the wrong person; for condo developments, each resident is wholly responsible for their own unit, so it’s a lot less relevant who your neighbors are. What’s more, the condo board requires residents to chip in and buy a unit if the board rejects a buyer, which creates further incentive for them to let in anyone with the financial capacity to buy.

As much as high-end brokers and city officials love the influx of foreign funds, they may not be so happy to learn where the money comes from in these deals. The New York Times successfully tracked down the elusive owners of some of these shell corporations, and what they found was often pretty horrific.

One owner was accused of using a commercial loan for personal expenditures, and another faced a fraud investigation involving an estimated 30,000 victims whom he profited from. One business magnate based in India moved money into the United States that he earned from industrial activities that harmed more than a hundred indigenous families — not to mention the employees who beat up residents and essentially held them as prisoners.

These stories will continue until something changes. Due to limited transparency and an unquenchable thirst for foreign investment, the United States has cemented its role as a safe haven for ill-earned wealth by shady members of the international ultra-rich community. It’s up to us to decide if we want this to be America’s legacy.

Copyright all rights reserved. Financial Forensic Services, LLC 2020 Brief quotation with attribution permitted. 

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HIS NAME IS JOHN

Once upon a time, there was a man who worked very hard just to keep food on the table for his family. This particular year a few days before Christmas, he punished his little five-year-old daughter after learning that she used up the family’s roll of expensive gold wrapping paper.

As money was tight, he became even more upset when on Christmas Eve he saw that the child had used all of the expensive gold paper to decorate one shoe box she had put under the Christmas tree. He also was concerned about where she had gotten the money to buy what was in the shoe box.

Nevertheless, the next morning the little girl, filled with excitement brought the gift box to her father and said, “This is for you, Daddy!”

As he opened the box, the father was embarrassed by his earlier overreaction, now regretting how he had punished her.

But when he opened the shoe box, he found it was empty and again his anger flared. “Don’t you know, young lady,” he said harshly, “ when you give someone a present, there’s supposed to be something inside the package?”

The little girl looked up at him with sad tears rolling from her eyes and whispered: “Daddy, it’s not empty. I blew kisses into it until it was all full.”

The father was crushed. He fell on his knees and put his arms around his precious little girl. He begged her to forgive him for his unnecessary anger.

An accident took the life of the child only a short time after. It is told that the father kept this little gold box by his bed for all the years of his life. Whenever he was discouraged or faced with difficult problems, he would open the box, take out an imaginary kiss and remember the love of this beautiful child who had put it there.

In a very real sense, each of us has been given an invisible golden box filled with un-conditional love and kisses from our children, family, friends and God. There is no more precious possession anyone could hold.

______________________________________________________________________________

Diagnostic & Prescriptive Judgment Enforcement
By: Joe H. Dickerson, CFE

$24.95 + FREE S&H

Please place your book orders by calling
303.974.5610
during normal business hours Mon-Fri 9am-5pm MT.
or email joe@financialforensicservices.comand make an appointment
for a FREE initial review of your judgment. Thank you!

______________________________________________________________________________