Securities and Investment Fraud
Securities and investment fraud is
not a new occurrence but with
the advent of the Internet, it has
become easier to perpetrate.The
schemes are still essentially the
same, promising high-yield profits
with little to no risk. Instead of just
paper copies of graphs showing
phenomenal growth, there are
descriptive Web pages that appear to
be authentic and genuine. Instead of
an individual “cold calling” a poten-
tial victim, it is a computer that is
targeting potential victims in emails
and through Web sites for fraudulent
corporations. In investigating finan-
cial crimes, ICE has encountered an
increasing number of securities and
investment fraud schemes.
As part of the continued Corner-
stone outreach, the Special Agent in
Charge (SAC) for Baltimore, Jim
Dinkins spoke on March 12, 2007,
to attendees at the Securities Indus-
try and Financial Markets Associa-
tion’s (SIFMA) Anti-Money Laun-
dering Compliance Conference in
New York, New York. SAC Dinkins
advised the attendees to be vigilant
against anything that sounds too
good to be true.
continued on page 2
ICE’s Role in Securities and
TheCornerInside This Issue
Safeguarding America through
Toll-Free Tip Line:
Cornerstone is U.S. Immigration
and Customs Enforcement’s (ICE)
comprehensive investigative initiative
for fighting financial crime.
The Cornerstone Report is a quarterly
bulletin highlighting key issues
related to ICE financial, narcotics and
public safety investigations.
Scammed . . . . . . . . . . . . . 3
High Jinks . . . . . . . . . . . . . 4
Volume IV: No. 2 • July 2007
Seized home of main target, purchased uti-
lizing funds from stock sales.
Home of StockGenie conspirator, purchased
utilizing funds from stock sales. Purchase of
home was identified through BSA analysis.
2003 Aston Martin purchased utilizing funds
from PNLK stock sales.
2002 Bentley Azure purchased utilizing
funds from StockGe