ED FEDERICO

Edward L. Federico, Jr., has been involved in federal law enforcement and private financial investigations and related matters for the past 34 years. This experience has included ever increasing responsibilities with the Internal Revenue Service, Criminal Investigation Division, and with an international investigative firm, before starting his own firm with Dennis Crawford in 2005.

Ed FedericoMost recently, Federico and Crawford led an independent review of correspondent bank accounts for a major banking institution. This review included identifying those wire transfers with the most risk, developing an investigative process, training and supervising a team of 14 investigators and researchers, developing a quality assurance program, briefing government regulators, preparing appropriate Suspicious Activity Reports to be filed with the U.S. federal government, and finally, providing in-house bank investigators with training enabling them to incorporate the process into their work.

Mr. Federico was the director of operations for the Washington, DC office of an international private investigation firm, from 1999 to 2001. He directly supervised corporate private investigators and researchers, to deliver investigative results involving litigation support, fraud matters, and background and due diligence cases. He assured proper investigation conduct resulting in extensive written work products for clients. These clients included international corporations, national law firms, small companies, and individuals.

Mr. Federico was with the Criminal Investigation Division of IRS for 27 years, rising to the senior executive position of Deputy Assistant Commissioner (Criminal Investigation). He held managerial positions in various parts of the U.S., including Youngstown, Detroit, and St. Louis, as well as several executive assignments in IRS headquarters. During his career he developed, implemented, and oversaw a criminal investigation approach to address the growing federal tax gap; developed and implemented a Money Laundering Strategy to assure proper case selection and resource allocation; developed an International Strategy to address global tax and money laundering offenses resulting in the establishment of five foreign offices, numerous criminal investigations, and training opportunities for foreign law enforcement officers; implemented an oversight process for undercover operations to assure proper use of this sensitive technique; interacted with the Treasury Department and the Financial Crimes Enforcement Network to establish effective currency transaction regulations for banks, non-bank financial institutions, and casinos; and supervised special agents assuring proper investigative conduct resulting in federal convictions in such areas as bankruptcy fraud, health care fraud, motor fuel excise tax fraud, organized crime, and narcotics trafficking.

Mr. Federico returned to IRS after the tragedy of September 11, 2001, to coordinate financial investigations involving alleged terrorist suspects. This involved interacting with multiple federal agencies; coordinating international investigative actions; and conducting national meetings to assure prosecution of suspected terrorists. He also established a Counter Terrorism Unit for the IRS.