Get Our Newsletter



Links

Columnists



Site Search


Entire (RSS)
Comments (RSS)

Archive Calendar

July 2019
S M T W T F S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031  

Guides

How to Become a Bounty Hunter



Tag: Real Estate

Chinese Millionaire Connected to Clintons Arrested for Lying about $4.5M in Cash

fbi-logBy Steve Neavling
ticklethewire.com

A Chinese millionaire accused of providing foreign money in a campaign finance scandal during the Clinton administration has been arrested by the FBI, ABC reports. 

The FBI arrested Ng Lap Seng last weekend on charges that he lied about the reason he brought more than $4.5 million in cash to the U.S. over the past two years.

A criminal complaint alleges the prominent real estate developer made a series of trips to the U.S. with a large amount of cash.

The FBI said Ng falsely claimed the cash was for art, gambling or real estate.

The complaint in federal court mentions no current ties to the Clintons, but he was accused in a 1998 Senate report of funneling hundreds of thousands of dollars to the Democratic National Committee during the Clinton administration.

FBI Investigating Columbus Mayor Over Questionable Real Estate Deal

Mayor Michael Coleman

By Steve Neavling
ticklethewire.com

The FBI has launched an investigation into the Columbus Mayor Michael B. Coleman in the midst of a bribery scandal, WBNS-10 reports. 

The investigation involves a 2010 real estate deal.

The questions by the FBI centered around the sale of the mayor’s home, where she lived with his wife and their three children until they filed for dissolution in 2009.

The home sold to a woman abroad for $520,000 in 2010.

Coleman issued the following statement:

The sale of our home to Mrs. Li was an arms-length and fair transaction with everything aboveboard. Our original asking price for the home was $750,000. This asking price was recommended to us by our independent real estate broker who was very familiar with comparable home sales in the neighborhood. Also, before we sold our home, we put $570,000 of improvements into it to repair and replace fire damage. But we sold the home to Mrs. Li for substantially less, for $520,000. We also know that several other homes in the neighborhood sold for more than ours on a per square foot basis, according to an independent professional appraisal report.
In view of these documented facts, there is no basis for anyone to suggest that we sold our home for more than it was worth or that there was anything inappropriate about the transaction.

FBI Tried in Vain to Lure Legendary Quarterback Joe Montana Into a Real Estate Sting

Joe Montana

Joe Montana

Steve Neavling
ticklethewire.com

The FBI tried unsuccessfully to lure quarterback legend Joe Montana into a real estate sting, the San Francisco Gate reports.

Montana’s attorney James Brosnahan said the bureau used an undercover agent posing as a real estate investor interested in partnering with a planned hotel development next to the 49ers’ new stadium.

“It shows the deepest lack of judgment I can imagine,” Brosnahan said.

The agent “presented himself as an honest businessman who wanted to invest in Montana’s hotel,” Brosnahan said.

The Gate reports that Montana wasn’t interested in a new partner and didn’t appear to do anything illegal.

The meeting with Montana was part of a four-year probe into that ended in the indictments in March of Leland  Yee, a now-suspended state senator, and 28 others.

ATF Gets Involved in Protecting World-Renowned Open-Air Art Exhibit in Detriot

photo by Steve Neavling

Steve Neavling
ticklethewire.com

DETROIT — The ATF is protecting art in Detroit.

Arsonists struck the world-renowned open-air exhibit – the Heidelberg Project – at least seven times since May 2, burning down entire homes that are used as installations.

The ATF on Thursday announced it was offering a $5,000 reward for the arrest and conviction of whoever is responsible.

“Arsons can have a devastating effect on the community, our chief concern is for families in the surrounding homes and for the lives of the firefighters who respond to these fires,” Daryl McCrary, acting ATF special agent in charge, said in a press release.

 

Donald Trump Is Considering a Deal to Acquire FBI Headquarters in Washington D.C.

Steve Neavling
ticklethewire.com

Donald Trump’s real estate empire may soon include the FBI’s headquarters in Washington D.C., the Washington Post reports.

Trump said he’s considering bidding on the J. Edgar Hoover Building for redevelopment. He already owns the building across the street, the Old Post Office Pavilion.

The FBI has been looking for developers and investors to acquire the hulking building in exchange for a newly built FBI headquarters in the region.

Trump said he’ll decide soon whether to bid.

“We’ll be watching the FBI as to what’s going to happen,” Trump told the Washington Post. “Whether or not we will bid on it, we may, we may not. Now if we do as good a job as we will do with [the Old Post Office], people may ask us about it.”

Why FBI’s Departure from Pennsylvania Avenue Would Boost Region

Steve Neavling
ticklethewire.com

The demolition of the Hoover Building would create $28 million in additional tax revenue for Washington D.C. and provide much needed aesthetic relief for people who have to see the hulking building every day, the Washington Post wrote in an editorial today.

The move to another building also makes sense regionally, the Post argued. It would bring about 11,000 jobs – about half of which are scattered across various buildings in the District and Virginia – to one building.

“Consolidating them in a modern facility is important for an agency that has grown fast since the Sept. 11, 2001, attacks,” the Post wrote. “Given the land requirements for a new headquarters — at least 40 acres — suburban sites with access to Metro are the logical place to look.”

 

Congressman Michael Grimm — an Ex-FBI Agent — Keeps Suspicious Business Ties

By Danny Fenster
ticklethewire.com

After leaving the FBI, Congressman Michael G. Grimm invested about a million bucks of borrowed money in a Texas real estate investment. Looking for a builder for the project, Grimm found a former FBI agent he had served with in New York–an agent who was at the time under indictment on state racketeering charges, according to the New York Times.

The builder, Carlos Luquis, was later convicted for his role in stealing $2 million from Texas taxpayers, and eventually served 18 months in prison.

Even so, Congressman Grimm continued to do business with Luquis through two other companies. “Mr. Grimm’s ties to Mr. Luquis reflect a checkered business background that seems to clash in some ways with his image as a straight-arrow veteran of the Marine Corps and the F.B.I.,” writes the Times. “That image has been crucial to his ascent in the Republican Party.”

To read more click here.

FBI Agent in Prison for Mortgage Fraud; Goes From American Dream to American Nightmare

By Danny Fenster
ticklethewire.com

A former FBI agent has watched his life go from the American dream to the American nightmare, reports the Los Angeles Times.

Darin McAllister was a preacher in southern LA before working for the LAPD. From there he moved onto the FBI, working undercover in LA and then Tennessee, the Times reports. He called his career “my American Dream,” reports the LA Times. McAllister is now in a Kentucky federal prison, however, in what he calls “my American nightmare.”

McAllister is serving a four-year sentence stemming from a Justice Department investigation into mortgage fraud.

McAllister joined the LAPD just months before the Rodney King beating in March of 1991, as police were recruiting members of the African-American community for leadership roles, from churches in particular.

He was hired by the FBI in 1996 for undercover work .”I looked at the bureau as being the premier law enforcement agency,” he said. “I considered them the best.”

He was transferred to Nashville in 2003, where he bought duplexes, painted them and put up new drywall, then rented them out. But when the market soured, McAllister started losing tenants and falling behind on his mortgage loans. That’s when McAllister began to illegally inflate his earnings on mortgage papers.

To read more click here.