Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Three indicted in 1.24T extortion plot vs. CU others
KINGSTON, N.Y. 97/7/10)--Three members of an anti-government group in New York state were indicted by a federal jury for allegedly trying to extort more than $1.24 trillion from Ulster County, three towns, several public employees and executives of a credit union that began foreclosure proceedings on one of the men's property. In April, Ulster County and public workers brought a racketeering case against six people accused of intimidating government employees by sending them fraudulent invoices and filing $143 billion worth of liens against their personal property. The extortion plot allegedly aimed to collect $1.24 trillion, said federal officials. The liens affected the credit ratings of those targeted, said the court documents (Times Herald-Record July 2). Three of the six were indicted: Richard Enrique Ulloa, 41, Stone Ridge; Ed George Parenteau, 53, Chenango County; and Jeffrey Charles Burfeindt, 47, Highland. Ulloa and Parenteau were arrested June 22. Burfeindt is still at large. Ulloa faces four counts of mail fraud. Parenteau and Burfeindt face mail fraud and conspiracy to commit mail fraud charges. The other three people named in the court documents have not been charged, said the article. The newspaper said the phony invoices and fraudulent liens began in 2009 after Ulloa and Parenteau received tickets in separate incidents for driving without licenses. Ulloa later said he had an international driving permit. But instead of taking their cases to court, the men and their alleged accomplices produced a flood of fake paperwork. Ulloa sent phony criminal invoices totaling $700 million to Rosendale Town Justice Robert Vosper, the court papers said. Parenteau filed a $62 billion federal lien against the Town of Lloyd and its police chief. Ulloa also allegedly filed a $2.82 billion lien against a top executive at Mid-Hudson Valley FCU, Kingston, which had begun foreclosure proceedings on his property. Court documents list 23 fake documents and liens sent by the men, who allegedly belong to a group called Restore America Plan, said the Times Herald-Record. The group doesn't believe in the legitimacy of documents such as drivers' licenses or birth certificates, doesn't believe in banks, and asks members to become guardians of free republics. In the invoices sent, local governments were called "fictions" of "private corporations." Ulloa, who is defending himself in the racketeering case signed each paper with: "I pray to our Heavenly Father and not this court that justice be done."


RSS





print
News Now LiveWire
National #LouiseHerring awards for #creditunion philosophy in action selected #NewsNow http://t.co/two4z5lBAU
20 minutes ago
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
17 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
18 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
18 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
19 hours ago