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TESTIMONIALS
This is what some of the
clients said about our services:
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MISSING PERSON
January 2, 2005
Today I woke up and went to check my email as I do every morning along with the forums and guestbook on the
website. As I was checking my email I saw an email with the subject line “CRIME TIP re TEALER, IVORY LEE”. I noticed
that it had also been sent to the Pampa PD investigator which was good.
I had this cool feeling come over me. I tried to open it but my email program (Incredimail) kept crashing for
some reason. I became instantly angry. I tried it again and the same thing happened. This time it opened on the email and
said “Incredimail did not shut down properly” So I decided to forward it over to my Outlook. This time it opened.
The email was from a Mr. Augustine Papay Jr. Mr. Papay is a private investigator in New York . The email was 49 pages long.
He provided some information that I had not seen about Tealer and some avenues in which to take and look at in the case. I
got emotional after reading through the email. He even suggested that I take legal action for negligence in this case. Hmmm
something to think about and discuss with the rest of the family. I emailed Mr. Papay back thanking him for his information.
He emailed me again within a few minutes with even more information. He is a great person.
LOCATE SEARCH
January 2005
Dear Gus,
As I mention in my last email, in our firm Krochmal Special Investigations, I would like to thank you for
your reliable, polite and fast service that you gave us.
ADAPTION SEARCH
I was also adopted in Westchester County in 1970. I had a very hard time searching but had a tremendous amount of help
from a local Private Investigator named Augustine Papay Jr. a retired NYC Detective. His firm is called Inter-Pro Investigations.
Between the reports I received from Mr. Papay and the Non Identifying information reports I got VERY close but had very little
patience so I found a searcher named Pamela O'Brien who found and contacted my birthmother in 4 days! After obtaining my birthfathers
name from my birthmother I went back to Mr. Papay who located my birthfather, half brother and half sister the same day. Hope
this helps. If anyone wants contact information I am sure I can find it. Good luck!
CIVIL RIGHTS VIOLATION & POLICE MISCONDUCT CASE
December 1998.
Gus Papay is one of the most honorable man I have ever met.
John P.
BACKGROUND INVESTIGATION
Daughters Boyfriend / Suspected substance abuse.
May 6, 2000
Dear Mr. Papay:
I truly, enjoyed reading all the material and found it insightful
as well
as interesting. At least, you feel a sense of purpose in what
you do and feel
a sense of appreciation by those who have accessed your services.
Thank you, again for all of your material and patience. It helps
add some
measure of peace to my mind knowing the quality of individual
I am dealing
with. The depth of your background and your sincerity is a rare
quality in
today's standard of conditional ethics. I appreciate this rare
combination
above all else.
I appreciate your thoughts on the whole issue. If anything,
I am
grateful that I was able to locate someone such as you, who pursued looking
for information so diligently. I
have no regrets there, only that I couldn't
pursue the next stage in financing you tracking both of their movements. I
have always appreciated and admired someone who has honed their skills so
well and find it a privilege to have accessed
your services. I have the
highest regard for your integrity and expertise and will highly recommend you
to anyone
I know of who has need of such services. I feel I owe you far more
then what I paid you. Considering the circumstances
and the nature of my
contact, I can say, it was a rewarding being able to invest this confidence
in you.
Sharon N.
CIVIL RIGHTS VIOLATION &
POLICE MISCONDUCT CASE
January 2001.
Happy New Year Gus!
Yes, you did more than your best. You went the extra yard and
I appreciate it deeply. I guess it was just time to put this thing behind me and look forward rather than back.... Well, may
the New Year bring you and yours many blessings. Take care. I'll send a "E" now
and then...
John I.
MISSING
PERSON - FAMILY REUNIFICATION IN HUNGARY
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Name: George M Bangor, Maine |
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Country: U.S.A
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Date: Thu
Feb 7 00:09:22 2002 |
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Comment: Having
never enlisted the services of a private investigator, I didn't know what to expect when I contacted Inter Pro Investigations
regarding a search for a missing relative in Budapest, Hungary.
Det Papay's responses were always quick and very professional.
With very few clues to work with, Det Papay was able to locate my lost relative in one week. I was extremely impressed since
my family had lost contact more than 45 years ago.
I would highly recommend
Det Papay to anyone looking for private investigator services. My family is very pleased with the quality services he provided
us and we sincerely thank him for his help in reuniting our family.
DIVORCE CASE - January
30, 2004
NEW YORK CITY
I can't thank you enough, Gus, for your wisdom and for the way you CARE.....
I am sure we will talk soon, but again, thank you so much for helping
me at this incredibly difficult time in my life. regards, C.R. in New York.
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MISSING PERSON CASE
- January 26, 2004
Jersey City - N.J.
Hi Gus,
Thank you for your help. Although my brother finally found his way home. Your capacity and speed
of your work already impressed me a lot. Will definitely recommend you to my friends when chances come.
Thanks and
best regards,
A. Y. in Hong Kong
MISSING PERSON INVESTIGATION - HOLOCASUT
VICTIMS
Tuesday, March 23, 2004
Dear Mr. Papay,
Your report was the subject
of today's court hearing and the judge was
impressed by its thoroughness and complimented your work. He accepted your
conclusions fully. I would like to express my deep gratitude for your excellent investigative work, that helped us to
get the finaly wanted results. Your help and backing were imperative for our success. Thank you again. I will recommend
your services without hesitation to any one who might need them.
Best regards,
G. E.
Haifa 32688
Israel
RISK MANAGEMSNT- Corpoarte Background Investigation
April 2, 2001
Dear Gus,
My client was extremely pleased with the investigation and wanted me to tell you. Thank you, and
please thank your associates in Hungary.
Best regards,
Noel
www.globalintelligence.net
Litigation Support
I sincerely thank you for your most excellent service and will always refer any other mattters I
may have in the future to you.
Sincerely, S. A.
Attorney At Law
Excellent Article on Medical Privacy, Disability, Discrimination Issues
by John F. Wasik
Consumer's Digest Magazine
Protecting Your Medical Privacy
Consumer's Digest Article Part 2 of 2
Gus Papay Jr., a former New York City police detective (now based in Chester,
N.Y.) who was hired by Smith to see who was spying on her, traced the investigators to her employer. Smith is appalled that
her employer turned against her and is also pressing a claim through the EEOC
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| Uncovering a $100 million Scam ! |
UNDERCOVER TRADERS' EXPOSED
By KATI CORNELL SMITH
November 28, 2001 -- Long before the terror attacks exposed two executives in an alleged plot to steal $100 million
from their WTC brokerage firm, the company had at least one investor and a pair of private eyes crying foul, it was claimed
yesterday.
Hired by a jittery investor, who was suspicious of the high-pressure tactics at Evergreen International Spot
Trading and worried about his $200,000 investment, Augustine Papay and his partner, Irwin Silverman, told The Post they posed
as job hunters and snuck into the firm's Wall Street offices in 1999.
Evergreen's president told the men they were "too old" to become traders, but gave them a personal tour of
a boiler room operation that was right out of the movies, Papay said.
"It was strange. It looked like they had just moved in," said the investigator. There were no licenses, plaques
or photographs on the bare walls, he said. But the inner sanctum where the traders sat really sent up the red flags.
"There were 30 to 50 young guys, between the ages of 20 and 25, sitting behind computers with headphones and
talking to their clients all at the same time," Papay said.
Papay took his suspicions to a lawyer for the Securities Exchange Commission, but was told that foreign currency
spot traders - the business Evergreen claimed to be in - are not regulated and do not have to be licensed, he said.
The investigator immediately called his client, Richard Golletz, a Canadian concrete company owner.
"I told him I wouldn't invest a dime with this company any more," Papay said.
Golletz told The Post he pulled his money out of the brokerage firm and feels "lucky" he got out when he did.
Evergreen and clearing firm First Equity Enterprises - both allegedly owned by Russian businessman Andre Koudachev
- are now at the center of the major federal fraud and money laundering case.
Assistant U.S. Attorney Linda Lacewell would not comment on the new allegations, but a federal indictment
unsealed last week accuses Evergreen, which had an office in the South Tower of the World Trade Center, of using cold-calling
techniques - instructing traders to essentially run through the phone book - to solicit new investors in the spot foreign
currency market.
In the alleged scheme - described by FBI assistant director Barry Mawn as a "boiler room operation" in which
investors were strung along with "blatant deception" - brokers misled clients about the past performance of Evergreen investments
and the value of existing accounts, court papers say.
Koudachev is accused of transferring the missing $100 million into overseas bank accounts - with help from
First Equity President Gary Farberov. Koudachev became a fugitive after the towers collapsed and his clients requested their
money, authorities said.
Koudachev's lawyer, Nathaniel Marmur declined to comment. Gary Farberov's lawyer Charles Clayman also declined
to comment for the story. Evergreen's lawyer did not return calls for comment.
The chase for Evergreen
Byline: Pamela Williams
Australian Financial
Review
December 10, 2001
A tip-off from
a private investigator was ignored but it could have stopped Evergreen's scam much earlier, writes Pamela Williams in New
York.
A tip-off from a private investigator was ignored but it could have stopped Evergreen's scam much earlier, writes
Pamela Williams in New York.
Augustine Papay Jr sniffed the
air. To this New York private investigator and former NYPD detective, something smelled rotten and he decided to extricate
his client as quickly as he could.
It was October 26, 1999, and Papay Gus
to his colleagues was standing in the offices of Evergreen International Spot Trading in the Trump Building at 40 Wall
Street. He had a brief from a client, Canadian concrete company owner Richard Golletz, to check out Evergreen. Papay did not
like what he found.
Golletz had invested about $US200,000 in Evergreen
after being solicited by cold calls promising fabulous returns and low risk by trading in the foreign exchange spot market.
But Golletz was growing wary. He was receiving phone calls pressuring him to increase his investment
and he thought he had detected background voices during phone calls that sounded as though the broker supposedly a senior
account manager was being coached. And he thought the broker's pitch sounded like a prepared script.
He was becoming uneasy, and he commissioned the private investigators, Gus Papay and his partner
Irwin Silverman, to look into the Evergreen companies for peace of mind.
In 1999, they visited Evergreen's Wall Street office, with Papay using the story that he was looking for work as a forex
trader.
They found a large office suite with no plaques or licenses
on the walls, but with a back office room full of 30 to 50 mostly young men working with computer terminals and headsets.
Their guide, an Evergreen executive, explained these ``brokers'' were soliciting investors by phone. But on being asked about
work, he told Papay there was absolutely no money to be made from foreign currency trading. ``You will probably go broke in
a week,'' he said, according to the report which Papay subsequently issued to his client.
There was other money to be made, however, the Evergreen executive told him. The young salesmen working the
phones were making between 8 and 10 per cent commissions on the money they brought in from investors. But Papay was out of
luck. He was told he was too old for the work.
Next, Papay and Silverman
walked over to No 2 World Trade Center where First Equity Evergreen's clearing house had its office. They were
refused permission to visit the offices on the 15th floor.
Papay told
The Australian Financial Review: ``At the time, I thought to myself, if there's no money to be made in forex trading, what
are you doing soliciting millions of dollars from investors? It made me very suspicious. My client Mr Golletz was suspicious
because of the coaching on the phone, and I was suspicious because the company president told me there was no money to be
made in forex trades.''
Papay went further, conducting background searches
on the two companies. He found no records. He contacted the National Association of Securities Dealers. They too, had no records
of the companies. The broker who generally phoned Richard Golletz, Edward Joseph Motta, had held a license for two months
the year before, but was no longer registered as a broker and was not licensed to conduct securities or commodity trading.
Papay warned his client and Golletz immediately withdrew all his funds from Evergreen.
Then Papay contacted the US regulator, the Securities and Exchange Commission, but he was told
there was nothing the SEC could do.
``I tried my darndest to get the
SEC to look into Evergreen,'' he says. ``These were a bunch of thieves organized crime. There were no background checks
and nothing to protect investors. And they [the SEC] told me forex trading was unregistered and there was nothing they could
do. They had no jurisdiction unless I could prove there was fraud. So they did nothing, absolutely nothing, though they had
my warning.''
Now, authorities are putting considerable resources into
the Evergreen and First Equity cases, laying charges over money laundering and wire fraud. The scheme ripped off $US110million
($213 million) from 1,400 investors in 14 countries, many of them Australians.
The US Attorney is running a major criminal case and a parallel civil action to locate the looted assets and return them
to investors. So far, and with the investigation still ``live'', they have indicted Evergreen, First Equity, Forex (a Budapest
company which was used in the fraud), Andrei Koudachev, the beneficial owner of the two companies, and Gary Farberov, the
president of First Equity who reported to Koudachev.
Koudachev
is a fugitive, but Farberov, after first pleading not guilty, is now assisting the Government and pleaded guilty on Friday
to charges which could put him in jail for 20 years when he is sentenced in February. Farberov also agreed to the forfeiture
of all assets he has an interest in, such as bank accounts around the world.
The US Government has attempted to freeze assets in several countries, including at the National Australia Bank in Melbourne,
where a First Equity account was used to siphon investors' money.
As
the hunt for assets goes on, the US Attorney is instituting forfeiture action to gain control of such funds. It intends to
disperse the seized assets to investors who were victims of the scheme.
A number of civil actions is also under way by investors who have retained their own counsel. The most recent action has
been brought in New York by a Monaco-based investor, Greek shipping executive Christos Tzaras.
Tzaras' lawyer, Bryan Skarlatos, is seeking trial by jury, naming as defendants, the companies, Koudachev,
Farberov, Evergreen financial officer Polina Sirotina, Evergreen salesmen Justin Fauci, Gary Gelman, Ryan Swanson and Peter
Papaemanuel, and Chase Manhattan Bank.
Tzaras had $US1.7 million invested
in the Evergreen forex trading operation which was allegedly just a front for a money- laundering operation. According
to his complaint, Evergreen was a sham entity created to facilitate the theft of investor assets.
Much of the money was allegedly transferred to bank accounts in Switzerland and elsewhere. For
example, the US Attorney has alleged that in August 2000, Koudachev instructed Sirotina to travel to Zurich and to open a
bank account in her own name with Bank Vontobel AG.
According
to Government court documents, this was the secret Swiss account. Sirotina then traveled to Moscow to give Koudachev the details
of the account.
Koudachev later deposited $US500,000, allegedly
stolen from Evergreen investors, into the secret Swiss account.
After
the whistle was blown on the Evergreen scam in September this year when worried investors tried and failed to get their
money out the account at Bank Vontobel was still active.
According
to papers filed with the US courts, Sirotina, on or about October 15, 2001, transferred the bulk of the money, $US463,600,
to a bank account in her own name at Bridge View Bank in New Jersey.
According
to the court documents, Koudachev, Farberov and/or Sirotina set up numerous such secret accounts. Koudachev paid for personal
expenses using such funds, including a condominium apartment in New Jersey, art, antiques and credit card expenses. Sirotina
is alleged to have used up to $US600, 000 of Evergreen funds to cover credit card purchases of furs and jewelry.
Despite the on-going claims of broker-salesmen, Evergreen engaged in few, if any, foreign currency
trades. To cover this, the monthly statements to clients were falsified to reflect continuous growth in their investments
although the money was long gone.
The complaint by Tzaras alleges that
the theft was made possible by, among other things, Chase Bank not acting on his instructions to place his money in a separate
sub-account but also because Chase had notice of suspicious activities involving Evergreen and First Equity.
According to the complaint, Chase closed two Evergreen accounts in September 2000 after
becoming concerned about suspicious transactions in the accounts. However, it did not close the First Equity account.
According to the complaint filed with the courts, Evergreen salesmen told Tzaras that the fact that
his monies were held by Chase was evidence that his investment with Evergreen was secure.
The Evergreen case has been getting sticky for the banks as angry investors raise questions about the way their
money was handled as it flowed through First Equity accounts never to be seen again.
In Melbourne, a lawsuit has been filed against the National Australia Bank by Melbourne lawyer Geoffrey Ripper,
of Garland Hawthorn Brahe. Ripper, who has about 30 former Evergreen investors as clients, issued the suit on behalf of Paul
Semenov. The claim alleges that NAB knew or ought to have known, that the money in the First Equity account was being held
on trust for investors.
A small amount of money left in the NAB
account was frozen at the request of the US Attorney.
In court proceedings
on Friday, the authorities revealed that two Zurich Insurance bonds worth $US291,500 were purchased with funds stolen from
Evergreen investors. These bonds are subject to forfeiture to the authorities. In addition, part of the $US566,000 paid as
security deposits to New York landlords for the rent on Evergreen premises ($US65,000 a month) is also subject to forfeiture.
The US Attorney has been attempting to stop some of the civil proceedings from racing ahead
of its criminal case. In the case of the civil action brought in New York by Australian investor Dirk Karreman, the US Attorney
has been granted a stay on attempts by Karreman's lawyer for expedited discovery.
Jim McGuire, of White & Case, for Karreman, had also asked the court to freeze assets which were
already under a freeze order by the US Attorney. The US Attorney has also sought a stay on that part of the case, which McGuire
agreed to last week.
The authorities are keen to maintain control of
any assets in order to distribute them fairly among all Evergreen victims, rather than see a handful of investors take precedence
through civil suits.
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| Thief #2 |
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| Gary Farberov |
Evergreen
forex sting principal admits guilt
Byline: Pamela Williams NEW YORK
A key figure in the Evergreen currency
trading sting in New York which saw investors, including hundreds of Australians, lose $200 million, pleaded guilty in a United
States court on Friday.
Gary Farberov, the former president of First Equity which represented itself as
a clearing house for Evergreen, but was allegedly a shopfront for money laundering by siphoning investors' funds to secret
bank accounts in Hungary and Austria changed his previous not guilty plea to guilty.
A key figure in the Evergreen currency trading sting in
New York which saw investors, including hundreds of Australians, lose $200 million, pleaded guilty in a United States court
on Friday.
Gary Farberov, the former
president of First Equity which represented itself as a clearing house for Evergreen, but was allegedly a shop front
for money laundering by siphoning investors' funds to secret bank accounts in Hungary and Austria changed his previous
not guilty plea to guilty.
The
charges carry penalties of up to 20 years in prison. Farberov will be sentenced in February next year.
The Russian-born Farberov is the only executive
to appear in court so far in the US authorities' case against Evergreen International Spot Trading and First Equity Enterprises.
The US Attorney unsealed an indictment two weeks ago, charging the companies and Farberov and Andrei Koudachev, (also Russian
and the beneficial owner of both companies), with mail and wire-fraud conspiracy and conspiracy to launder money.
The indictment alleges that the men presided
over a boiler-room operation in which salesmen made cold calls to investors around the world, hounding them until they agreed
to invest in a foreign currency spot trading scheme which, it was promised, would deliver returns of 25-30 per cent and
that losses would not exceed 10 per cent.
Instead, the money was diverted to another company, Forex, with an address in Budapest, and to various bank accounts.
When more money was
needed, Evergreen salesmen, known as brokers, pressured clients to increase their investments. The swindle unravelled after
the terrorist attacks in September as investors tried to pull their money out of New York and discovered it was gone.
Farberov read a statement to the court,
saying: ``From 1998 through September 2001, I agreed with others to send money by wire transfer from bank accounts of First
Equity Enterprises Inc, to bank accounts of Forex International Ltd, in Budapest, Hungary and Vienna, Austria.
``I knew that Evergreen's brokers and cold
callers had obtained the money from Evergreen's customers by making material misrepresentations. For example, Evergreen and
First Equity represented to customers that their money would be and was securely held in bank accounts controlled by Evergreen
and First Equity as margin for investments in the spot foreign currency market. In fact, Evergreen intended to, and did instruct,
to send that money overseas to Forex, which only returned funds to First Equity once.''
An arrest warrant has been issued for the fugitive, Koudachev,
who is believed to be in Russia. Attempts to contact him by phone and fax were unsuccessful.
==============================================================
| Budapest East-West Business Center |
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| AKA: Home of the $100.mill Loot |
Forex fiddles beyond SEC's reach
Pamela Williams NEW YORK
Australian Financial Review 2 April 2002.
The US Securities and Exchange Commission has received dozens
of complaints about Evergreen and First Equity, the New York currency trading firms that stole $US110 million ($206 million)
from investors, including many Australians.
However, the SEC has taken no action against the companies because they were part
of the unregulated foreign exchange markets - and not part of the securities industry.
According to a letter from the SEC, the regulator had 45 complaints about Evergreen
International Spot Trading and 21 complaints about First Equity. The information was provided in response to a Freedom of
Information request made by The Australian Financial Review.
The two companies and their owner, Andrei Koudachev, and the president of First
Equity, Gary Farberov, were indicted by the US attorney's office after the collapse of the World Trade Center in New York.
First Equity had offices in the twin towers, and when investors tried to get their money back after September 11 they found
the principals and the money had disappeared.
Koudachev, charged with wire fraud and money laundering, has since vanished (although
his lawyers deny the charges). Farberov pleaded guilty late last year and is due to be sentenced on May 10.
In January this year, a New York private
investigator, Gus Papay, made a formal complaint to the SEC about the regulator's failure to look into allegations
he made in 1999 about the activities of Evergreen and First Equity.
Mr Papay was hired in 1999 by a Canadian client to look into the two companies.
His client was already an investor and was being pressed to add more funds to his Evergreen account.
Mr Papay visited the Evergreen premises, became suspicious and advised his client
to withdraw his money.
Mr Papay also contacted the SEC at the time to raise concerns about the two companies.
He says he was told by an SEC lawyer there was nothing it could do because the
forex industry was unlicensed.
Mr Papay has now complained formally to the regulator that it should have used
its anti-fraud provisions to investigate the ``brokers'' (or salesmen) working for Evergreen.
Some Australian investors have filed a claim against the National Australia Bank,
alleging the NAB ought to have known the money sent to First Equity accounts held in the bank was being held on trust for
investors.
In the US a wealthy Monaco investor who lost money in the sting has filed a suit
against JP Morgan Chase, saying the bank, which also had a First Equity account to which investors wired money, had some liability
in the matter. JP Morgan is attempting to have the lawsuit dismissed.
Evergreen brokers made cold calls to likely targets around the world, befriending
their potential marks and then soliciting funds with the promise of fabulous returns of 25 to 30 per cent on the investments.
The salesmen were paid handsome commissions on the money they persuaded clients to invest.
However, prosecutors allege the defendants absconded with the money.
LINK TO:
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SMILING GARY LEAVES ROOKLYN FEDERAL COURT
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| $110 mill. smile. |
GARY FARBEROV
Age: 36
Inmate No: 67257-053
Projected release date: 08-16-2008
The Federal Correctional Institution (FCI) in Otisville, is a medium security facility housing male offenders.
The satellite prison camp is a minimum security facility that also houses adult male offenders.
FCI Otisville is situated in the southeastern part of New York state, near the Pennsylvania and New Jersey,
and 70 miles northwest of New York City.
| Farberov's new home |
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| Otisville FCI, PO. Box 1000 Otisville NY 10963 USA |
Polina Sirotina
Age:
36
Inmate
No: 67847-053
Projected
release date: 05-03-2015
The Federal Correctional Institution (FCI) in Danbury houses low security female offenders and also has an adjacent satellite
camp that houses minimum security female offenders.
FCI Danbury is located in southwestern Connecticut, 70 miles from New York City and 3 miles north
of Danbury on State Route 37.
| Polina Sirotina's new home |
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| FCI DANBURY, ROUTE 37 DANBURY, CT 06811 USA |
ALBERT GUGLIELMO
Age:
46
Inmate
No: 51997-054
Projected
release date: 03-10-2010
The Metropolitan Correctional Center (MCC)
in New York City is an administrative facility housing male and female pre-trial and holdover inmates.
MCC New York is located in lower Manhattan,
adjacent to Foley Square and across the street from the Federal courthouse.
| Albert Guglielmo's new home |
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| METROPOLITAN CORRECTIONAL CENTER, 150 PARK ROW,NEW YORK, NY 10007 USA |
| Justin Fauci's new home |
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| FCI Fort Dix New Jersey |
Justin Fauci
Age 39,
Inmate No: 36650-053.
Projected release date 03-10-2011.
The Federal Correctional Institution (FCI) in Fort Dix, New Jersey, is a low security facility housing male
inmates. A satellite camp is located adjacent to the FCI and houses minimum security male inmates.
FEDERAL CORRECTIONAL INSTITUTION
5756 HARTFORD & POINTVILE RD
FORT DIX, NJ 08640
Phone: 609-723-1100
New Zealanders and Australians will
see little for the money they threw at the notorious Evergreen scheme, which bilked about 1,400 people worldwide of over $US110
million. The local investors are likely to get back less than 10 cents in the dollar.
Before you make an investment decision we can provide you with
the financial information, licensing, names of corporate officers, credit ratings and essential facts on a corporation,
which may make the difference between success and failure in your investment or business commitments. We conduct investigations
for corporations who suspect employee embezzlement, internal
theft or who are victims of business fraud. We also conduct background and due diligence search on corporate officers, executives
and employees to ensure their integrity.
For
those of you who were victims of the Evergreen scam, in 1999-2000 a mere $500.00 USD fee spent for a background
investigation would have saved your investment. Unfortunately, most of you were blinded
by an intense selfish desire for wealth, which was more presistant than COMMON
SENSE.
| "Travel Alarm Clocks" |
|
| GREED |
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The conspiartors and "The Profiteers"
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Mr. Gary Farberov, charged with: 18:371, and 3551 et seq. - did knowingly and intentionally conspire to devise a scheme and
artifice to defraud. The former president of First Equity, which represented itself as a clearing house for Evergreen,
but was allegedly a shop front for money laundering by siphoning investors' funds to secret bank accounts in Hungary and Austria
changed his previous not guilty plea to guilty. Incarcerated.
Defendant: Forex International Ltd. charged with: 18:371, and
3551 et seq. - did knowingly and intentionally conspire to devise a scheme and artifice to defraud. Status: Unknown.
Defendant Andrei Borisovich Koudachev charged with: 18:371, and 3551 et seq. - did
knowingly and intentionally conspire to devise a scheme and artifice to defraud.
Status: Fugitive.
Defendant Evergreen International Spot Trading, Inc.
charged with: 18:371, and 3551 et seq. - did knowingly and intentionally conspire to devise a scheme and artifice
to defraud. Status: Unknown.
Defendant Sergei Habarov charged with: 18:371
and 3551 et seq- CONSPIRACY TO DEFRAUD THE UNITED STATES (Conspiracy to Commit Mail and Wire Fraud) Status: Fugitive
Defendant Polina Sirotina charged with: 18:371 and 3551 et seq- CONSPIRACY TO DEFRAUD
THE UNITED STATES (Conspiracy to Commit Mail and Wire Fraud) Status: Incarcerated.
Defendant Justin Fauci age 39, charged with: 18:371 and 3551 et seq- CONSPIRACY
TO DEFRAUD THE UNITED STATES (Conspiracy to Commit Mail and Wire Fraud) Status: Incarcerated.
Inmate No: 36650-053. Projected date of release 03-10-2011. FCI FORT
DIX FEDERAL CORRECTIONAL INSTITUTION
Address: FCI FORT DIX FEDERAL CORRECTIONAL INSTITUTION 5756 HARTFORD & POINTVILE
RD FORT DIX, NJ 08640 Phone: 609-723-1100. The Federal Correctional Institution
(FCI) in Fort Dix, New Jersey, is a low security facility housing male inmates. A satellite camp is located adjacent
to the FCI and houses minimum security male inmates.
Defendant Mamed Mekhtiev charged with: 18:371 and 3551 et seq- CONSPIRACY TO DEFRAUD
THE UNITED STATES (Conspiracy to Commit Mail and Wire Fraud)
Status: Released - Fugitive
Defendant Peter Papaemmanuel charged with: 18:371 and 3551 et seq- CONSPIRACY TO
DEFRAUD THE UNITED STATES (Conspiracy to Commit Mail and Wire Fraud) Status: Released.
Defendant Albert Guglielmo charged with: 18:371 and 3551 et seq- CONSPIRACY TO DEFRAUD
THE UNITED STATES (Conspiracy to Commit Mail and Wire Fraud) Status: Incarcerated
Defendant Philip Levenson charged with: 18:371 and 3551 et seq- CONSPIRACY TO DEFRAUD
THE UNITED STATES (Conspiracy to Commit Mail and Wire Fraud. Status: Released.
Defendant Brian Pasqualini charged with: 18:371
and 3551 et seq- CONSPIRACY TO DEFRAUD THE UNITED STATES (Conspiracy to Commit Mail and Wire Fraud) Status: Released.
07-22-2005
New York Postal Inspectors Uncover $100 Million International Investment
Fraud In a case precipitated by the September 11, 2001, terrorist attacks on the World Trade Center in New York, U.S. Postal
Inspectors from the Brooklyn Fraud Team exposed an elaborate investment scam by Evergreen International Spot Trading, Inc.
Evergreen represented itself as a foreign currency trading company with three New York offices, and an affiliated clearing
firm, First Equity Enterprises, Inc., located on the 15th floor of Two World Trade Center. Using aggressive telemarketing
tactics, Evergreen's staff attracted more than 2,000 investors in the United States, Australia, New Zealand, and Europe who
were interested in foreign currency trading. Beginning in 1997 and through 2001, investors poured more than $189 million into
the company. Evergreen now owes them more than $100 million. Postal Inspectors first learned of problems with Evergreen in
September 2001, in the days following the terrorist attacks on the World Trade Center and elsewhere. Worried investors tried
to contact their brokers at Evergreen to determine the fate of First Equity and whether its employees and their accounts were
safe. They quickly learned their money was gone-and not as a result of terrorism. Evidence collected by U.S. Postal Inspectors
revealed that, while Evergreen's brokers mailed customers sales brochures and account statements showing high profits, at
least 10 of its employees-including the president, director of operations, chief trader, and chief financial officer-conspired
to direct customers' money through First Equity Enterprises, Inc., to a sham entity in Budapest, Hungary, known as Forex International,
Ltd. Evergreen told investors that First Equity was an independent clearing firm that would maintain and accurately account
for their money. In fact, Inspectors determined that both Evergreen and First Equity, as well as Forex International, were
owned and controlled by Andrei Koudachev, and Evergreen was its only client. Evergreen's employees, including chief trader
Mamed Mekhtiev, misrepresented themselves as officers and directors of First Equity, and Evergreen's director of operations,
Philip Levenson, regularly provided trading data to First Equity, their alleged clearing firm. Evergreen brokers Justin Fauci,
Papaemmanual, and Pasqualini assured investors the company used legitimate banks for trading and their funds were secure.
The men even provided bogus reference letters from legitimate banks to validate their claims. Inspectors, however, determined
that Evergreen never conducted any trading with those banks. Instead, Evergreen used First Equity to transfer large sums of
investors' money to Forex International in Hungary, which then transferred it to accounts in Latvia and Cyprus. A review of
the accounts disclosed that $600,000 was sent from a Forex account to the personal bank account of Fauci, Evergreen's U.S.
sales manager. Worse, any money from First Equity investors that was not transferred to Forex was used by chief financial
officer Polina Sirotina to pay millions of dollars in bonuses, commissions, and personal expenses to Evergreen's employees.
Fauci, Papaemmanual, Pasqualini, and other Evergreen brokers routinely solicited money from investors based on false representations
of their professional qualifications. After Koudachev departed the United States and his associate Habarov refused to return
money that had been transferred to Forex, the defendants continued to draw funds from First Equity accounts. This included
a $500,000 bonus for Mekhtiev and a $99,000 bonus for Sirotina. Postal Inspect | | |
