<![CDATA[DOJ - Pasieczny Law LLC]]> https://www.investordefenders.com/blog/tags/doj/ Wed, 28 Jan 2026 14:28:46 GMT en-us <![CDATA[DOJ Probing HP / Autonomy]]> https://www.investordefenders.com/blog/doj-probing-hp-autonomy/ https://www.investordefenders.com/blog/doj-probing-hp-autonomy/ Fri, 28 Dec 2012 09:40:00 GMT (December 28) Yesterday in its annual 10-K regulatory filing, Hewlett-Packard stated that the Justice Department has opened an investigation into the accounting practices that have led the company to an $8.8B write down associated with its acquisition of Autonomy Corp. and a significant drop in HP’s share price in the last few weeks. Autonomy, acquired…

]]> (December 28) Yesterday in its annual 10-K regulatory filing, Hewlett-Packard stated that the Justice Department has opened an investigation into the accounting practices that have led the company to an $8.8B write down associated with its acquisition of Autonomy Corp. and a significant drop in HP’s share price in the last few weeks.

Autonomy, acquired by HP in October 2011, is a maker of high-margin data-mining software designed to find and organize the useful data buried in corporate networks. HP has accused the former Autonomy board of mis-attributing the revenues of more prosaic lines of business to the software, to bolster its apparent profitability. Sources indicate that the San Francisco office of the FBI is involved in the probe, and that shareholder suits are also developing.

(Bloomberg at www.bloomberg.com)

]]> <![CDATA[Head of Providence Capital Indemnity Jailed]]> https://www.investordefenders.com/blog/head-of-providence-capital-indemnity-jailed/ https://www.investordefenders.com/blog/head-of-providence-capital-indemnity-jailed/ Tue, 23 Oct 2012 10:52:00 GMT (October 23) The president of an insurance and re-insurance company based in Costa Rica has been found guilty of criminal mail fraud and money laundering charges in connection with an international fraud scheme worth half a billion dollars. Minor Vargas Calvo of Provident Capital Indemnity sold guarantee bonds to other companies that sold “life settlement”…

]]> (October 23) The president of an insurance and re-insurance company based in Costa Rica has been found guilty of criminal mail fraud and money laundering charges in connection with an international fraud scheme worth half a billion dollars.

Minor Vargas Calvo of Provident Capital Indemnity sold guarantee bonds to other companies that sold “life settlement” financial products to individual investors, and claimed to backstop the risk of the insured person outliving his or her life expectancy. An interagency task force including the IRS, the Postal Inspection Service, the SEC and state securities boards, all coordinated by the federal Financial Fraud Enforcement Task Force, reached beyond national borders to prosecute the 61-year-old Mr. Vargas. He’s been sentenced to 60 years.

(U.S. Department of Justice at www.justice.gov)

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