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Business Brokerage By Jim Kouri

> News New insurance fraud bureau Tue, 29 Jan 2008 According to new reports from the British Insurance Brokers’ Association (BIBA), a new Insurance Fraud Bureau has been put in place to tidy up the false claims industry. For honest health insurance, life insurance and other insurance customers the news is good, as a cleaner industry means cheaper premiums.

Forex Broker (AXcess News) New York - A citizen of India living in New Jersey is in federal custody and agents from US Immigration and Customs Enforcement have seized $5,724,592 in assets from the suspect's bank and brokerage accounts in a massive immigration benefits fraud investigation.

The words "Give me your tired, your poor" cannot be used to set immigration policy. While the sentiment is nice, reality cannot be ignored. New Jersey is incapable of handling unchecked immigration and overdevelopment. We have only so much land and so many resources, and they're already at or beyond the breaking point. It's time for a moratorium on immigration, to review the qualifications for citizenship and to assimilate those immigrants already here.

Online Brokerage Narendra Mandalapa has been charged with Fraud and Misuse of Visas, violations of 18 USC Section 1546. The charges were filed in United States District Court in Newark. Mandalapa is currently in the custody of the United States Marshals Service.

(AXcess News) The New Jersey Technology Council (NJTC) ever "NJTC State of the Technology Economy Report" that compares New Jersey's performance to both the general business environment and technology industries in Pennsylvania, New York, Massachusetts, North Carolina and Virginia. The findings of the report were unveiled today in a presentation to business, government and education leaders at the New Jersey Network studios in Trenton.

Real Estate Broker During the investigation, ICE agents discovered that Mandalapa filed nearly 1,000 possibly fraudulent labor-based petitions on behalf of Indian and Pakistani nationals seeking to enter or remain in the United States. The petitions were for skilled computer workers.

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Agency Brokerage Spark Both US Citizenship and Immigration Service (USCIS) and ICE continue to investigate those aliens who received the fraudulent immigration benefits. Investigators are also working to determine how many people fraudulently entered the country and how many already in the United States may have received fraudulent labor benefits.

In New Jersey, property taxes raise about $14 billion each year, with half earmarked for schools and half for county and municipal government. New Jersey property taxes are among the highest in the nation, and the system has been criticized as unfair to the elderly and people on fixed incomes. Under New Jersey law, Adler's bill would have to be approved by the Senate and Assembly and signed by the governor by Aug. 27 for there to be a referendum on the November ballot asking if there should be a constitutional convention in April 2003.

Business Broker This investigation is a product of a joint antifraud initiative undertaken by ICE, USCIS and the Department of Labor's Office of the Inspector General. The investigation began when a special fraud detection unit of USCIS uncovered a pattern of fraud in petitions for immigration benefits submitted by Mandalapa through one of his companies. The USCIS Fraud Detection Unit in St. Albans, Vermont, referred their analysis to the ICE Benefit Fraud Unit (IBFU), also based in Vermont. The IBFU then coordinated with ICE Special Agent in Charge in Newark to begin the field investigation that resulted in the arrest and asset seizure.

Brokerage Account Investigators uncovered two shell companies in New Jersey owned by Mandalapa were created solely for the purpose of filing fraudulent labor-based petitions for foreign workers. During the investigation agents armed with search warrants seized computers and documents from the corporate address of Cybersoftec, Inc.

Stock Broker Agents believe that at least $2.1 million dollars came from fees paid by individuals seeking fraudulent benefits. Since the accounts were used to hide those illegal profits the government seized all money in the accounts. The assets seized come from four bank accounts in Edison, NJ, and two brokerage accounts in New York City. Also included in the seizures were a Mercedes SUV and a Lexus sedan with a combine value of $100,000.

Brokerage Online Stock Trading Acting Newark Special Agent in Charge Thomas E. Manifase said, Immigration benefit fraud is a multi billion dollar business and cannot be tolerated. This type of fraud not only steals jobs from legitimate workers but it also provides individuals to illegally enter the United States and creates a risk to national security and public safety.

Broker Justin Ticket Manifase pointed out that the investigation is an outstanding example of how two agencies in the Department of Homeland Security cooperate to uncover and dismantle an organization dedicated to undermining the legal immigration system and making huge profits.

Real Estate Brokerage Jennifer L. Mickey, Chief of the USCIS Fraud Detection Unit said, Individuals who used fraud to obtain immigration benefits are breaking the law. We take very seriously our responsibility to protect the integrity of our immigration system by combating benefit fraud.

Commodity Broker The USCIS Fraud Detection Unit, co-located at the USCIS Vermont Service Center, is a branch of the national USCIS Fraud Detection and National Security Unit.

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