Posted on 12/07/2017 9:01:46 PM PST by BenLurkin
Prison officials said Frederick Darren Berg, 55, was discovered missing Wednesday from a minimum-security work camp next to a penitentiary in Atwater, California, The Seattle Times reported.
Berg in 2012 was sentenced in federal court in Seattle to 18 years after pleading guilty to wire fraud, money laundering and bankruptcy fraud. Prosecutors said at the time that it was the largest fraud scheme they had prosecuted in Western Washington.
Berg used investment funds from his company, Meridian Group, to buy two Lear jets, several yachts and million-dollar condos and homes in Washington state and California over the course of a decade, federal prosecutors have said.
They said that between 2001 and 2009, Berg used more than $100 million in funds from over 800 investors for his own benefit and to keep his investment fraud scheme going. He used investor money to pay off the loans of earlier investors in order to continue his scheme to defraud, court records show.
(Excerpt) Read more at sacramento.cbslocal.com ...
The Clintons have so far escaped justice and their crimes are much greater.
#1 dumbest - car chase.
My own theory on Ponzi schemes is that the perps lie in bed at night fantasizing about making brilliant, miraculous trades that will put them back on the right side of solvency and the law.
Funny how that works. I would say, until Hillary is prosecuted, this is not a legitimate nation.
I was just thinking about that. My imagery led me to think they know they’re going to be caught sooner or later so they have a party now for tomorrow we die attitude.
Sounds like Congressional resume material.
I wonder if this guy had millions hidden somewhere which he used to get help to bust out. If so he’s likely in some count
ry where he can’t be extradited.
There’s really a penitentiary in Atwater? Learn something new every day!
Social Security is the biggest Ponzi scheme of all time. The perps just keep finding new ways to tax us.
More like FDIC/Federal Reserve training/qualifications.
Good for him.
Is his name “Social Security” by any chance?
You can basically walk off that sort of facility
Pensacola federal prison camp used to sponsor an inmate work camp for low sec level fed prisoners and they worked national forests in Florida and lived in motels
St Joe Paper Co lands basically
But you have to behave
Over/Under for recapturing idiots is 6 days...
Hummm. I wonder if one of the injured investors was diversifying their funds away from criminal enterprises. People like that might be okay with losing a few million because the market tanked, but might be upset to find somebody stole the money and was living large at their cost. Such a person could have a few associate “invite” the thief for a discussion.
Even if the thief had a few million stashed, it would be sheer idiocy not to finish the time and then walk free. He could move to almost anywhere, reestablish himself in a cash business, like managing vending machines, and then live quite comfortably off his millions. He could even declare a few extra hundred thousand as income making it reappear as laundered money.
“The police are urging gullible investors to lock up their checkbooks until he is recaptured....”
Maybe they shouldn’t put a guy with an 18 year term in a minimum security camp...
BWAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
He likely had an escape plan, overseas bank accounts funded with tens of millions, false ids, a waiting sea going vessel and paid off people to make it happen. There are many countries that will welcome his money in exchange for a free life, like Pakistan or Vietnam.
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