What the HELL has Obama done about Wall St.? Thus far there have been over 14,000+ prosecutions through the FFTF (Financial Fraud Task Force) created by the Obama administration. Out of the 14,000+ FFTF prosecutions stopfraud.gov/over 5,000+ have been convicted and sentenced to prison terms, and that includes senior officers, CEO and presidents of these financial organizations.fbi.gov/stats-services/publications/financial-crimes-report-2010-2011 2012 - Former Citigroup Vice President Sentenced to 97 Months for embezzlement of $22 million from Citibank. fbi.gov/newyork/press-releases/2012/former-citigroup-vice-president-sentenced-to-97-months-for-embezzling-more-than-22-million 2012 - Former Goldman Sachs Group Inc. director Rajat Gupta was sentenced to two years in federal prison for leaking corporate secrets about the bank to a hedge fund at the height of the financial crisis. fbi.gov/newyork/press-releases/2012/former-chairman-of-consulting-firm-and-board-director-rajat-gupta-sentenced-in-manhattan-federal-court-to-two-years-in-prison-for-insider-trading Here are more examples from 2013 July 24, 2013 | Washington, DC Three Former UBS Executives Sentenced to Serve Time in Prison for Frauds Involving Contracts Related to the Investment of Municipal Bond Proceeds stopfraud.gov/iso/opa/stopfraud/2013/13-at-839.html July 2, 2013 | New York, NY CEO and President of Investment Fund Plead Guilty in New York Federal Court to Orchestrating Nearly $10 Million Dollar Fraud Scheme stopfraud.gov/iso/opa/stopfraud/NYS-130702.html June 28, 2013 | Washington, DC Former Officers of American Mortgage Specialists Inc. Sentenced for $28 Million Fraud Against BNC National Bank stopfraud.gov/iso/opa/stopfraud/2013/13-crm-743.html June 27, 2013 | Washington, DC Four Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging at Public Foreclosure Auctions stopfraud.gov/iso/opa/stopfraud/2013/13-at-729.html June 25, 2013 | Washington, DC Former Executive at Florida-Based Lender Processing Services Inc. Sentenced to Five Years in Prison for Role in Mortgage-Related Document Fraud Scheme stopfraud.gov/iso/opa/stopfraud/2013/13-crm-711.html June 28, 2013 | Former CEO Scott N. Powers, and former officer David McMaster of American Mortgage Specialists Inc. Sentenced for $28 Million Fraud Against BNC National stopfraud.gov/iso/opa/stopfraud/2013/13-crm-743.html June 28, 2013 | Four Northern California Real Estate Investors, Wesley Barta of Oakland, Irma Galvez of Pacheco, Calif., Stan Kahan of Berkeley, Calif., and Joseph Vesce of San Francisco, Agree to Plead Guilty to Bid Rigging at Public Foreclosure Auctions stopfraud.gov/iso/opa/stopfraud/2013/13-at-729.html June 25, 2013 | Former Executive at Florida-Based Lender Processing Services Inc., Lorraine Brown, Sentenced to Five Years in Prison for Role in Mortgage-Related Document Fraud Scheme stopfraud.gov/iso/opa/stopfraud/2013/13-crm-711.html June 14, 2013 | Axius CEO Roland Kaufmann Sentenced for Conspiracy to Pay Bribes in Stock Sales stopfraud.gov/iso/opa/stopfraud/2013/13-crm-682.html June 11, 2013 | Former Chief Executive Earl Gross of Mortgage Servicing Company U.S. Mortgage, Pleads Guilty to Bank Fraud for Scheme to Withhold Funds from Wells Fargo Bank stopfraud.gov/iso/opa/stopfraud/2013/13-crm-663.html June 11, 2013 | Jury Returns Guilty Verdict for Nationwide Foreclosure Rescue Scam stopfraud.gov/iso/opa/stopfraud/CAE-130611.html After a nearly four-week trial, a federal jury in Sacramento returned guilty verdicts against Charles Head, 36, of Los Angeles, and Jeremy Michael “Mike” Head, 33, of Huntington Beach, Calif. The pair fraudulently obtained $15 million from homeowners. June 11, 2013 | New York Attorney, Edward Adams, Pleads Guilty to Participating in Multimillion-Dollar Real Estate Fraud Scheme stopfraud.gov/iso/opa/stopfraud/NYS-130611.html May 13, 2013 | Former New York Hedge Fund Level Global Investors Co-Founder, Anthony Chiasson, Sentenced in Federal Court to 78 Months in Prison for Insider Trading stopfraud.gov/iso/opa/stopfraud/NYS-130513.html May 2, 2013 | Former Hedge Fund Manager Todd Newman of Diamondback Capital Management LLC, Sentenced in New York to 54 Months in Prison for Insider Trading stopfraud.gov/iso/opa/stopfraud/NYS-130502.html April 26, 2013 | Owner of Buy-A-Home Real Estate Brokerage, Mitchell Cohen, Sentenced in New York City Federal Court to 70 Months in Prison for Participating in Multi-million Dollar Mortgage Fraud Scheme and Committing Perjury stopfraud.gov/iso/opa/stopfraud/NYS-130426.html April 12, 2013 | Former Credit Suisse Managing Director, Kareem Serageldin, Pleads Guilty in Connection with Scheme to Hide Losses in Mortgage-backed Securities Trading Book stopfraud.gov/iso/opa/stopfraud/NYS-130412.html April 4, 2013 | Former Goldman Sachs Vice President, Matthew Taylor, Pleads Guilty in New York to Fraudulently Amassing and Concealing Trading Position stopfraud.gov/iso/opa/stopfraud/NYS-130404.html
Posted on: Thu, 22 May 2014 01:01:17 +0000
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