Retired agent Randy Wolverton served with the FBI for 28 years. During his Bureau career, Wolverton, a CPA, worked cases involving violent crime, white-collar crime, drugs, public corruption, domestic terrorism and health care fraud. In this episode of FBI Retired Case File Review, Randy Wolverton reviews a savings and loan fraud case that targeted real estate investor Leonard Pelullo. In spite of the testimony of LCN underboss Phillip Leonetti who admitted to brokering a disputed loan shark debt between Leonard Pelullo and a LCN protected loan shark, the case had to be tried four times before Leonard Pelullo’s final conviction was upheld, and he was sentenced to a 24-year prison term. Prior to retirement, Randy Wolverton was promoted to the Financial Crimes Section, Economic Crimes Unit at FBI Headquarters and was responsible for program management of corporate fraud, securities fraud, insurance fraud and mass-marketing fraud matters. After he retired from the FBI, he co-edited a book entitled “White Collar Crime – Core Concepts for Consultants and Expert Witnesses” published by the American Institute of Certified Public Accountants (AICPA). Randy Wolverton currently continues to work for the FBI as a contract Asset Forfeiture Investigator.
Special Agent (Retired)
1/5/1981 – 12/1/2008
The following are links to an appeals court opinion and newspaper articles about the trial(s) of real estate investor Leonard Pelullo for a multi-million dollar savings and loan fraud case:
United States of America v. Leonard A. Pelullo, Appellant, 105 F.3d 117 (3d Cir. 1997)
Los Angeles Times – 2/21/1991: Jury Indicts Miami Investor in S&L Fraud
Los Angeles Times – 8/31/1991: Miami Businessman Sentenced
Jerri Williams, a retired FBI agent, author and podcaster, attempts to relive her glory days by writing crime fiction and hosting FBI Retired Case File Review, a true crime podcast available for subscription on Apple Podcast/iTunes, Spotify, Stitcher and other popular podcast apps. Her debut novel—Pay To Play— about a female agent investigating corruption in the Philadelphia strip club industry is available now at amazon.com as an e-book, trade paperback, and audiobook.
This episode was sponsored by FBIRetired.com – the only on-line directory made available to the general public featuring “retired” FBI AGENTS / ANALYSTS interested in showcasing their skills to secure business opportunities.