culture, politics, commentary, criticism

Monday, October 08, 2007
9/11: The all-purpose swindle. Bush used it to get to Iraq, Giuliani is using it to try to get to Washington, and a MetLife broker used it to
get a quarter million from a 9/11 widow:
The Securities and Exchange Commission yesterday charged an ex-MetLife broker with swindling a 9/11 widow out of $250,000.

In 2004, Kevin James Dunn Jr., 28, the former broker, told the widow (not identified by the SEC) to invest the $2 million she received from the September 11 Victim Compensation Fund with MetLife, and to allow him to manage the investment.

The widow’s husband was a Port Authority police officer who died in the World Trade Center terrorist attacks.

Initially, the widow purchased $1.25 million in shares of some tax-exempt mutual funds through her MetLife brokerage account.

The rest of the money went toward a MetLife annuity contract, according to the SEC.

He also raked in a fraudulent $23,157 commission when he transferred proceeds from the mutual funds to the annuity contract.

Beginning in Sept. 2005, Mr. Dunn misappropriated $248,000 from the widow by fraudulently creating a fund in both their names and forging her signature on wire transfers from the joint account, the SEC alleged in its complaint.

Mr. Dunn also lied to the widow about the status of her investments, tricking her into giving him blank checks, which he put in his own account, according to the suit.

This February, Mr. Dunn was fired from MetLife but continued swindling money from the widow, the SEC said.

The SEC is ordering the ex-broker to repay the misappropriated cash, plus interest, and civil penalties.

Mr. Dunn is also facing an indictment from federal prosecutors in Brooklyn, New York.

He faces mail and wire-fraud charges and may do up to 20 years in prison if he’s convicted, according to the U.S. Attorney’s Office for the Eastern District of New York.
Kevin Dunn: you suck!

There, I said it.

Greatest Hits · Alternatives to First Command Financial Planning · First Command, last resort, Part 3 · Part 2 · Part 1 · Stealing $50K from a widow: Wells Real Estate · Leo Wells, REITs and divine wealth · Sex-crazed Red State teenagers · What I hate: a manifesto · Spawn of Darleen Druyun · All-American high school sex party · Why is Ken Lay smiling? · Poppy's Enron birthday party · The Saudi money laundry and the president's uncle · The sentence of Enron's John Forney · The holiness of Neil Bush's marriage · The Silence of Cheney: a poem · South Park Christians · Capitalist against Bush: Warren Buffett · Fastow childen vs. Enron children · Give your prescription money to your old boss · Neil Bush, hard-working matchmaker · Republicans against fetuses and pregnant women · Emboldened Ken Lay · Faith-based jails · Please die for me so I can skip your funeral · A brief illustrated history of the Republican Party · Nancy Victory · Soldiers become accountants · Beware the Merrill Lynch mob · Darleen Druyun's $5.7 billion surprise · First responder funding · Hoovering the country · First Command fifty percent load · Ken Lay and the Atkins diet · Halliburton WMD · Leave no CEO behind · August in Crawford · Elaine Pagels · Profitable slave labor at Halliburton · Tom Hanks + Mujahideen · Sharon & Neilsie Bush · One weekend a month, or eternity · Is the US pumping Iraqi oil to Kuwait? · Cheney's war · Seth Glickenhaus: Capitalist against Bush · Martha's blow job · Mark Belnick: Tyco Catholic nut · Cheney's deferred Halliburton compensation · Jeb sucks sugar cane · Poindexter & LifeLog · American Family Association panic · Riley Bechtel and the crony economy · The Book of Sharon (Bush) · The Art of Enron · Plunder convention · Waiting in Kuwait: Jay Garner · What's an Army private worth? · Barbara Bodine, Queen of Baghdad · Sneaky bastards at Halliburton · Golf course and barbecue military strategy · Enron at large · Recent astroturf · Cracker Chic 2 · No business like war business · Big Brother · Martha Stewart vs. Thomas White · Roger Kimball, disappointed Republican poetry fan · Cheney, Lay, Afghanistan · Terry Lynn Barton, crimes of burning · Feasting at the Cheney trough · Who would Jesus indict? · Return of the Carlyle Group · Duct tape is for little people · GOP and bad medicine · Sears Tower vs Mt Rushmore · Scared Christians · Crooked playing field · John O'Neill: The man who knew · Back to the top

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