Episode 104: Randy Wolverton – Savings and Loan Fraud, Philly Mob

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)
Randy Wolverton
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

View posts by Jerri Williams
Jerri Williams, a retired FBI agent, author and podcaster, jokes that she writes about the FBI to relive her glory days. After 26 years with the Bureau specializing in major economic fraud and corruption investigations, she calls on her professional encounters with scams and schemers to write police procedurals inspired by true crime FBI cases in her Philadelphia FBI Corruption Squad crime fiction series featuring flawed female FBI agent Kari Wheeler. Jerri’s FBI for Armchair Detectives nonfiction series enables readers to discover who the FBI is and what the FBI does by debunking misconceptions about the FBI in books, TV, and movies. Her books are available as ebooks, paperbacks, and audiobooks wherever books are sold. She’s also the host of FBI Retired Case File Review, a true crime podcast with more than 300 episodes available on all popular podcast apps and YouTube.


  1. Ben McIntoshFebruary 24, 2018

    Great podcast! Randy’s presentation was very detailed and interesting. It provided the listeners with a glimpses of Randy’s tenacity and investigative skills. Jerri and Randy thank you for sharing this extraordinary case experence.

    1. Jerri WilliamsFebruary 24, 2018

      You’re welcome. Thank you for listening!


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Scroll to top
Malcare WordPress Security