DECEMBER 2015
In This Issue

 

 
We want to wish you and your family a Merry Christmas and Happy New Year!
 
We are grateful to have the opportunity to provide you this valuable information via our monthly e-newsletter and our unparalleled forensic accounting and investigative services.

The goal of this e-newsletter is to provide you critical, inside information that will help you prevail when defending an IRS criminal case. We will do this by sharing the knowledge we have from our 25+ years of experience as an IRS Special Agent.

We take special care to ensure the information we provide you in "The Beacon" is the latest and most current information available. In this edition, we have addressed Ponzi scheme characteristics.

We want to write about topics that will assist you in prevailing with criminal IRS cases. Please e-mail us your topics of interest to Thebeacon@sageinvestigations.com 
 
We encourage you to share our e-newsletter with others in your sphere of influence.
 
Sincerely,
 
Edmond J. Martin
 
Principal, Chief Investigator
Certified Fraud Examiner (CFE)
Texas Certified Investigator (TCI)
Ponzi Scheme Characteristics 

In the past I was fortunate enough to investigate many fraud schemes including a number of investment Ponzi schemes, including: clothing and apparel, foreign currency exchange, promissory notes, oil and gas royalty limited partnerships, and real estate limited partnerships. For me it was stimulating and fun- similar to putting together a large puzzle of evidence in order to bring individuals to justice.
 
I recently read the book 65 billion reasons why you cannot trust Wall Street by Michael T. De Vita concerning his life experience with Bernard L. Madoff Investment Securities (BLMIS). In my experience Ponzi schemes, no matter how labeled, contain the same general characteristics.

Case Scenario:

The Madoff Ponzi scheme was in existence in 1996 and had similar general characteristics as the Austin Forex International Inc. (AFI) Ponzi scheme orchestrated by President and CEO Russell. He took in $40 million from 700 investors in Central Texas, while less than Madoff's $65 billion received from tens of thousands of investors, it was significant in Austin, Texas.

 
About Us

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At Sage Investigations we are dedicated to serving our clients nationally, to help them navigate the difficulties of dealing with the IRS, and other complex (forensic) financial fraud investigations both civil and criminal. By narrowing our focus to our primary strength of following the money, we steer our knowledge, efforts, and experience to financial issues. We help our clients propel their cases forward by assisting in the review, acquisition, and organization of financial records, evaluating the elements of their cases, and helping create winning strategies. Through the use of our proprietary advanced financial investigative technology we analyze complex financial data quickly, easily and efficiently, saving our client's time and money.

 

Sage handles all cases with altruism, professionalism, honesty, integrity, passion and respect. When you hire Sage, you hire a team of professionals with skill and knowledge that helps you have more effective solutions. We are innovative with our DIO cutting edge technology, and perform every investigation in an orderly and organized manner to develop a clear investigative roadmap and deliver a quality work product. The compass that guides us is strong leadership and accountability. Learn more...

 

Contact Us

 

P.O. Box 160161

Austin, TX 78716

Phone: 512-659-3179

Fax: 512-328-6878

Email: info@SageInvestigations.com 

www.sageinvestigations.com

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