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Archive for September 3rd, 2009

FBI Arrests Ex-Dallas Cowboys Linebacker Eugene Lockhart in Mortgage Fraud Scheme

dallas-cowboysBy Allan Lengel
ticklethewire.com

Former Dallas Cowboys linebacker Eugene J. Lockhart could be playing football again, but this time behind bars.

The FBI on Thursday arrested Lockhart, 48, whose  nickname was once “The Hitting Machine”, on mortgage fraud charges.

The feds charged Lockhart and eight others in a classic mortgage fraud scheme that involved “straw purchasers” and 54 fraudulent residential property loans totalling about $20.5 million between 2001 and 2005 in the Dallas area, according to the U.S. Attorney’s Office in Dallas.

Authorities said that Lockhart was involved in a number of real estate companies with names like America’s Team Funding Group and Cowboys Realty.

Read Press Release

OTHER STORIES OF INTEREST

2,000 FBI Agents and Staff Hit Yankee Stadium

yankee-stadiumBy Allan Lengel
ticklethewire.com

Suddenly Yankee Stadium had a lot of folks with guns.

About 2,000 FBI agents and support staff descended on Yankee Stadium on Wednesday for a mandatory annual meeting for the New York FBI office, something that was ridiculed by several agents as an annoying waste of time, according to a New York-based website Gang Land News.

The session apparently ran from 9 a.m. to 2 p.m. and included free hot dogs and soda. (The Yankees were nowhere to be seen. They were playing in Baltimore.)

“Are they bringing in (FBI Director Robert) Mueller to toss out the first pitch,” the site quoted one attendee.

“It’s not my idea of what we should be doing today,” said another.

Gang Land quoted FBI spokesman Jim Margolin as saying: “It was an annual employee conference mandated by the Department of Justice. Not all employees attended in order to insure that all operational functions were appropriately staffed. The venue was reviewed and approved by FBI Headquarters in Washington. The use of the stadium was offered by the Yankees at no cost. And as a practical matter there was no federal facility that would accommodate that many people.”

Belgian Arms Dealer Busted in Scheme to Ship Jet Parts to Iran

It’s good to see that Iran likes the U.S. for something — even if it is for military parts.

iran-map

By Spencer S. Hsu
Washington Post Staff Writer
WASHINGTON — A Belgian arms dealer who allegedly tried to smuggle fighter-jet engines and parts from the United States to Iran has been indicted, U.S. officials announced Wednesday, days after he was arrested in New York City after stepping off a flight from France.

Jacques Monsieur, 56, was charged Aug. 27 by a federal grand jury with six counts of conspiracy, smuggling, money laundering, and violating weapons-trafficking laws and export controls related to a U.S. trade embargo on Iran.

For Full Story

Read Indictment

Report Says More than 70% of Illegal Aliens and Contraband Will Make it Across U.S. Border

The borders at Mexico and Canada continues to present a daunting challenge. It’s obvious that the U.S. should and could be doing a better job at the border. Yet, the answers aren’t easy. More inspections might result in untenable traffic jams.

border-fence-photo5

By Homeland Security Newswire
According to DHS, the vast majority — more than 70 percent — of illegal aliens and contraband attempting to move across our border through official ports of entry will succeed

In fiscal 2008 U.S. Border Patrol officers working at checkpoints that are typically set up along roads and highways 25 to 100 miles north of the U.S.-Mexico border stopped three people “who were identified as persons linked to terrorism,” according to information provided by the Border Patrol to the Government Accountability Office.

“In addition,” says a GAO report released Monday, “the Border Patrol reported that in fiscal year 2008 checkpoints encountered 530 aliens from special interest countries, which are countries the Department of State has determined to represent a potential terrorist threat to the United States.”

For Full Story

Major Dem Fundraiser Accused of More Major Fraud

It’s never good when a major fundraiser for your party is accused of corruption, particularly when it’s a big one like this.

Hillary Clinton/state dept. photo

Hillary Clinton/state dept. photo

By Grant McCool
Reuters
NEW YORK- A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last week with defrauding Citigroup Inc (C.N) also defrauded other banks, U.S. prosecutors said.

The allegations against fund-raiser Hassan Nemazee — arrested last week on a bank fraud charge and released on $25 million bail — were not formal charges but were in a letter dated Tuesday from prosecutors to a Manhattan federal court magistrate judge handling the case.

Nemazee, 59, head of a private equity firm, was accused on Aug. 25 of one count of bank fraud for seeking a fraudulent $74 million loan from Citigroup’s banking unit. He said after his arrest that he had repaid the loan.

For Full Story

Woman Goes on Runway and Fires Gun (Courthouse News Service)

Scathing Report Says SEC Repeatedly Failed to Catch Madoff Scam

sec-logo

It was painful enough seeing all the victims Bernie Madoff scammed. But it makes it all the more painful to be reminded of how incompetent the SEC was, and how this could have been exposed long ago.

By DAVID STOUT
New York Times
WASHINGTON – Unseasoned investigators from the Securities and Exchange Commission were alternately intimidated and enthralled by a name-dropping, yarn-spinning Bernard L. Madoff as he dodged questions about his financial house of cards, according to a scathing new report on the agency’s repeated failure to uncover the huge investment fraud.

“Madoff carefully controlled to whom they spoke at the firm,” the S.E.C.’s independent watchdog said in the report released on Wednesday.

For Full Story