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The Leading Resource for the Latest Federal
Defense News and Stories
December 2011

The Financial Crimes Enforcement Network (“FinCEN”) recently announced its assessment of a civil money penalty against a money transmitter based out of Westbrooke, Maine. Under the authority of the Bank Secrecy Act (“BSA”) and regulations issued pursuant to that Act,

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John Farahi, of Bel Air Estates, California, was named in a 41-count indictment returned on December 7, 2011 by a federal grand jury. The former investment fund manager defrauded investors out of millions of dollars by falsely promising investors their

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Judge James Zagel sentenced Rod Blagojevich on Wednesday in the Northern District of Illinois on 18 counts of corruption, including his June convictions on charges that he tried to sell or trade an appointment to President Barack Obama’s U.S. Senate

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It is not a well kept secret that the U.S. government, mainly the Drug Enforcement Agency (DEA), engages in undercover operations in order to take down alleged drug traffickers in foreign countries. But what may be less well known is

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The U.S. Attorney’s Office for the Southern District of New York announced that hedge fund portfolio manager Michael Balboa was arrested on December 1, 2011 on charges related to his alleged scheme to overvalue by more than $80 million the

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