FBI

  • 15 Sep 2014 at 4:00 PM
  • Banks

Which Of Your Colleagues Is Going To Send You To Prison?

The above is a question you might want to ask yourself if you’re working on a bank currency desk these days, because the Feds are looking for snitches. And finding them. Read more »

Over at the Journal today, you will find an amazing story chronicling an FBI sting operation called “Operation Pennypincher,” wherein an agent with the Federal Bureau of Investigation posed as a crooked hedge fund manager named John Kelly, of the fictional SeaFin Capital. Starting in 2010, Kelly (real name: John Keelan) invited people to his office, which was “tucked behind an auto-parts supplier in a Boston suburb” and asked them to “help him reel in executives of penny-stock companies willing to pay a huge kickback in return for an investment of up to $5 million by SeaFin.” (Naturally, these meetings were surreptitiously videotaped.)

One of the people with whom Kelly/Keelan took a meeting was Edward Henderson. A 71 year-old retiree from Rhode Island who previously worked as a stockbroker, Henderson was just your average guy looking for a straightforward scam with a nice little payoff. A straightforward legit scam, run by honest, hardworking criminals. So when something in his gut told him, “Hey wait a second…,” he seriously considered backing out of the whole thing, until saying “Fuck it” and going through with it anyway. Read more »

At the end of October, Deutsche Bank held a town hall on the topic of electronic communication, specifically the perils of making statements re: engaging in fraud, even in jest. To be safe, one should reserve such riffing for face-to-face conversations, or, to avoid headaches in the form of house calls from the FBI, insert some sort of disclaimer in the chat making clear that any talk of breaking the law is not to be taken seriously. Clearly, these are good tips that Deutsche employees will presumably employ moving forward. Unfortunately, they came a bit too late for trader Richard Whalen, who in retrospect would’ve appreciated hearing them before taking part in the “ill-advised” banter that led to this: Read more »

  • 07 Jan 2013 at 4:17 PM

Anti-Fraud Technology Helping FBI Nail Morons

Are you considering committing fraud? Do you plan to discuss your activities over email? Are you unaware of the fact that writing things like, “Nobody will find out” or “I’ll leave a garbage bag filled with our ill-gotten gains in the dumpster out back” might help tip off people looking to crack down on crime? If you answered yes to all of the above, this information could actually be of use to you: Read more »

  • 12 Dec 2012 at 4:55 PM

But How Will It Affect Its Stock Price?

Facebook isn’t only good for wasting time, building a record of one’s unsuitableness as a hire and losing investors’ money. It is a crime-fighting revolution. Read more »

There is no denying that Jeffrey Gundlach is a hugely talented man whose IQ would rank among the highest in the world if he ever had it tested. “What’s it like having lunch with a genius,” he once asked a colleague, who presumably answered, “To be honest, it’s giving me an inferiority complex just breathing the same air as you, knowing that your brain is the standard for how intelligence will be measured from now until the end of eternity.” Until recently, however, the application of Gundlach’s brilliance was largely confined to bond management. According to a new profile by Bloomberg Markets, though, Gundlach’s intellectual prowess is just as if not more impressive when it comes to crime solving. Read more »

Charlie Gasparino is on the scene: Read more »