Madison Associates, Inc. (MAI) is a consulting firm established more than ten years ago for the purpose of making critical personnel resources available to federal law enforcement. The President of Madison Associates, Inc. is William R. Schroeder, an internationally recognized expert in the areas of money laundering and asset forfeiture. He has designed anti-money laundering strategies, drafted foundational legislation establishing anti-money laundering and asset forfeiture regimes and developed national programs to address institutional and legal weaknesses for countries in the Caribbean, South and Central America, Eastern Europe, and the United States.

After 27 years with the FBI, Mr. Schroeder retired as Forfeiture Counsel for the FBI in the Office of the General Counsel where he oversaw the FBI’s domestic and international efforts to use money laundering laws and asset forfeiture against organized crime, corporate criminals, international drug and money laundering cartels and in major bank fraud cases. He founded MAI with the goal of providing the knowledge, skills and abilities he had developed while with the FBI to other government agencies and the governments of other countries. Since that time MAI has grown and evolved into a preeminent firm, providing forensic accounting and financial investigative services to federal enforcement agencies, prosecutors and the courts.

MAI employs as its Financial Crime Consultants only the most talented investigators with years of experience in conducting, supervising and managing major criminal investigations. All of MAI’s Financial Crime Consultants have extensive careers in conducting complex financial investigations where they used forensic accounting techniques to track the flow of funds, uncover complicated fraud and money laundering schemes, and testified as experts in Federal courts. Most are former criminal investigators with the Internal Revenue Service who bring with them the experience and training of twenty-year careers with that agency. Each has the experience of working as part of a team where the strengths of each member are used to maximize the effectiveness of the team. They have extensive experience in the preparation of charts, tables and visual aides used to summarize the results of lengthy investigations and analyses and make the complex more easily understood. They are the premier financial investigators of the Federal law enforcement community.

ARNOLD SITZMANN
MAI FINANCIAL CRIME CONSULTANT

Arnie Sitzmann joined Madison Associates, Inc. in March, 2004, as a Financial Crimes Consultant. Since his arrival, essentially all of his time has been spent assisting the Office of Criminal Investigations, U.S. Food and Drug Administration (OCI). This type of work generally involves investigations into allegations of pharmaceutical misbranding, mail fraud, and money laundering and requires extensive, detailed financial analysis; often having to identify illegal funds that have been comingled with legitimate funds.

In his work with OCI, Mr. Sitzmann has demonstrated not only his experience and technical ability in conducting long-term, complex financial investigations but also his leadership skills in achieving investigative goals and objectives in major criminal investigations by having a sound strategy, alternative courses of action to pursue should it become necessary, and the flexibility to know how to adapt to changing positions as they become apparent over the long term. Mr. Sitzmann has recently been recognized by the U.S. Department of Justice for his efforts and successes at a national leadership conference.

Mr. Sitzmann came to Madison Associates with twenty-nine years of experience as a Criminal Investigator with IRS, where he served as a Special Agent investigator, supervisor and manager.

ROGER EDWARDS
MAI FINANCIAL CRIME CONSULTANT

Roger Edwards joined Madison Associates, Inc. (MAI) in February 2002 as a Financial Crimes Consultant. His principle focus initially was on work that MAI had with the Office of Criminal Investigations for the U.S. Food and Drug Administration (OCI). Shortly after becoming a member of the firm, Mr. Edwards was tasked with assisting in a time-sensitive critical investigation involving allegations involving the illegal distribution of pharmaceuticals and other drugs. Within two weeks Mr. Edwards’ ability and experience enabled him to analyze thousands of documents that had been collected over a two year period, identify significant violations of the law, including money laundering, and assist in presenting a case to federal prosecutors that led to a superseding indictment and resulted in the forfeiture of property valued at more than five million dollars.

Mr. Edwards, who also is a Certified Public Accountant, has become a principal in a growing area of services for MAI involving the monitoring of businesses that are subject to forfeiture and have been either restrained pre-trial or seized after conviction in order to prevent the dissipation of its value pending disposition. Mr. Edward’s abilities in this area has resulted in his taking on the role of the senior on-site monitor for MAI in overseeing for two years the operation of a retail business that had annual sales of eighty-five million dollars. He has undertaken similar responsibilities in connection with MAI’s role as a court appointed monitor responsible for overseeing the conduct and activities of a court appointed receiver in selling an ongoing business and its assets, with values in excess of $80 million.

Mr. Edwards retired from government service after twenty-eight years as a criminal investigator and first line manager for the IRS. During those years he developed an unparalleled expertise in conducting financial and money laundering investigations. In his last three years with the IRS he served as the Organized Crime Drug Enforcement Task Forces (OCDETF) Coordinator for the IRS, responsible in this capacity for work in Florida and the entire Caribbean Region.

DENNIS DONNELL
MAI FINANCIAL CRIME CONSULTANT

Dennis Donnell joined Madison Associates, Inc. (MAI) in April, 2005 following a 32-year career as a Special Agent with the Internal Revenue Service’s Criminal Investigation Division (CID). Since then he has been assigned to the Drug Enforcement Administration’s (DEA) Miami Field Division where he provides his considerable expertise in financial crime investigations to support the law enforcement mission of that agency.

Mr. Donnell’s services to MAI have assisted DEA and the U.S. Department of Justice in bringing charges against a top-level Peruvian cocaine trafficker, members of a bulk currency smuggling organization and a Colombian cocaine trafficking organization. His financial investigative expertise and support in the Peruvian trafficking investigation assisted DEA in piercing the veil of offshore “shelf corporations,” identifying purported owners as merely “nominees” and seizing valuable assets for forfeiture. Mr. Donnell’s support in the currency smuggling case led to the identification of valuable real estate as having been purchased with illicit proceeds of the smuggling operation and thereby resulting in the subsequent seizure of substantial real estate holdings.

During his career with the CID, Mr. Donnell honed his skills as a financial crime investigator in a wide variety of complex cases, including those involving narcotics trafficking, money laundering, corrupt public officials, bribery of federal jurors, and criminal tax violations. He traced money through schemes using foreign trusts and off-shore corporations and financial centers developed by accountants and lawyers in an effort to hide the source and ownership of brokerage accounts, luxury yachts, real estate and bank accounts. Mr. Donnell was an instructor in financial investigative techniques for the IRS and provided instruction to other law enforcement agencies in the Virgin Islands and Florida.

Mr. Donnell was recognized for his contributions to federal law enforcement on six occasions by the United States Attorney for the Southern District of Florida by being awarded that office’s Outstanding Law Enforcement Officer Award. In 2003, Mr. Donnell received the Excellence in Law Enforcement Award from the Executive Office of United States Attorneys, U.S. Department of Justice.

Mr. Donnell is a graduate of Florida State University in Tallahassee, Florida, where he majored in International Affairs and Spanish. He has taken post-graduate work at Florida International University in Miami in accounting, statistics, computer and other business-related courses.

WILLIAM F. BRUTON
MAI FINANCIAL CRIME CONSULTANT

William F. “Bill” Bruton joined Madison Associates, Inc (MAI) in August 2002 as a Financial Crimes Consultant. He was assigned to work primarily with the Office of Criminal Investigation for the U.S. Food and Drug Administration (OCI). Mr. Bruton retired from government service in 1999 after 26 years as a Special Agent with the Internal Revenue Service’s Criminal Investigations Division (CID). During these years he supervised and conducted a number of international money laundering investigations. As a result of expertise, he was called upon to set up and run an offshore bank, a stock brokerage firm and a financial services company, all as undercover operations for federal law enforcement. Mr. Bruton has testified in State and federal courts as an expert on money laundering and the tracing of funds.

Since starting with MAI, Mr. Bruton has assisted the firm in a number of areas in addition to his work with OCI. He was instrumental in implementing a financial analysis plan that was used in the pre-trial monitoring of the day-do-day operations of a multi-million dollar corporation that has been indicted on federal charges. Mr. Bruton’s expertise has helped MAI expand its client list from federal law enforcement agencies to the offices of federal and State prosecutors. One such instance of this aspect of Mr. Bruton’s contributions involves the work he brought to the firm in connection with an ongoing murder investigation where Mr. Bruton was requested to trace funds connected to the case. He has also been called upon to assist federal prosecutors in establishing the amount of the losses that resulted from a major fraud scheme involving hundreds of victims.

Mr. Bruton’s work with OCI contributed significantly to the successful investigation and prosecution of a company and its owners who were convicted on charges of racketeering and money laundering. Following a lengthy trial in which Mr. Bruton testified convictions were obtained and forfeitures ordered in excess of $45 million. According to one juror, Mr.Bruton’s contributions proved pivotal to the government’s case. In another investigation Mr. Bruton helped to unravel a complex financial scheme employed by a company selling pharmaceuticals illegally over the Internet. Mr. Bruton’s efforts in this case have helped identify over $75 million in illegal proceeds and provided the support necessary for federal prosecutors to seek forfeiture of that amount.

Mr. Bruton, who is also an Enrolled Agent (EA) with the IRS and a Certified Fraud Examiner (CFE), has written several articles on international money laundering and internet bank fraud. He has testified before Congress relative to needed changes in the federal money laundering laws and lectured on the subject at the Cambridge University in the United Kingdom several times as well as in other foreign venues. Mr. Bruton has substantial professional experience overseas, including assisting the United Nations High Representative in Bosnia with the investigation of that country’s second largest bank and its attempt to launder illegal proceeds.

Mr. Bruton is a key instructor in MAI’s Financial Investigation Training program and is consistently lauded by those in attendance for his ability to make even the most complex financial transaction or money laundering scheme understandable.

RUDY A. CHESNIK
MAI FINANCIAL CRIME CONSULTANT

Rudy A. Chesnik has been a Financial Crimes Consultant for Madison Associates, Inc. (MAI) since January, 2005. He is assigned to work with the Drug Enforcement Administration (DEA) in California. Mr. Chesnik retired from government service after twenty-one years as a Special Agent for the Internal Revenue Service – Criminal Investigations (IRS-CI). As a Special Agent, Mr. Chesnik conducted complex financial investigations involving tax shelters, bankruptcy fraud, and money laundering. During the last ten years of his career with IRS-CI, he assisted the Organized Crime Drug Enforcement Task Force (OCDETF) in complex money laundering and asset forfeiture cases.

Because of his expertise, Mr. Chesnik has been called upon to prepare detailed presentations and briefings on sensitive criminal investigations to high-ranking federal government officials in the Departments of Justice and Treasury. In 2003, he concluded two complex money laundering investigations that required extensive coordination with representatives of foreign governments and resulted in the seizure of millions of dollars in Mexico and the Isle of Man.

Since joining MAI, Mr. Chesnik has assisted DEA in conducting complex financial investigations involving major drug traffickers. His expertise and dedication in these cases have contributed to the success of DEA in bringing money laundering charges against the targets of those investigations and to the significant forfeitures that resulted. In recognition of these efforts, Mr. Chesnik was named a recipient of an annual OCDETF award presented at a national leadership conference this year in Washington, D.C. In addition to this award, Mr. Chesnik’s hard work, dedication and expertise as a Financial Crime Consultant with MAI has resulted in awards from DEA, the Federal Law Enforcement Officers Association, and the International Narcotic Enforcement Officers Association.

Mr. Chesnik has a Bachelor of Business Administration in Management from San Diego University and attended numerous advanced courses in tax, money laundering, forensic accounting and financial investigations with IRS-CI.

HOWARD I. RUMJAHN
MAI FINANCIAL CRIME CONSULTANT

Howard I. Rumjahn has been a Financial Crimes Consultant for Madison Associates, Inc. (MAI) since March 2005. He is assigned to work with the Drug Enforcement Administration (DEA) in Los Angeles, California.

After graduating from Loyola University in Los Angeles in 1968, Mr. Rumjahn worked as a Certified Public Accountant for KPMG Peat Marwick where he conducted certified audits on various clients, including savings and loan institutions and industrial firms. In 1973, Mr. Rumjahn became a Special Agent with the Internal Revenue Service – Criminal Investigation (IRS-CI) where he conducted complex financial crime investigations involving organized crime, corruption and tax fraud. In his work with IRS-CI, he developed extensive experience in testifying before federal grand juries and in federal courts.

After ten years, Mr. Rumjahn left IRS-CI to become a Special Agent for the Office of the Inspector General, National Aeronautics and Space Administration (NASA). In this position he was involved in conducting criminal investigations involving faulty accounting systems and financial analysis, reconstruction of books and records, kickbacks, contract fraud, product substitution and fraudulent product testing. His hard work resulted in a number of successful prosecutions and monetary recoveries. One of his investigations involving a NASA contractor resulted in a civil recovery of $12.5 million. In recognition of his outstanding achievement in this and similar work, Mr. Rumjahn was selected as the Agent of the Year by the Inspector General’s Office of NASA. At the time of his retirement in 1999, he was the Special Agent in Charge at the Jet Propulsion Laboratory in Pasadena, California, with oversight of NASA’s Western U.S. operations. Thereafter, Mr. Rumjahn established a highly successful private practice where he worked as a consultant and forensic accountant until he joined MAI in 2005.

Since becoming a member of the MAI team, Mr. Rumjahn has been highly successful in integrating his broad experience in forensic accounting with the mission of DEA. In one case, Mr. Rumjahn was able to prove an illegal enterprise had made $5.7 million in structured deposits over a five and a half year period. Overall, the efforts of Mr. Rumjahn contributed to the seizure of more than $10 million in assets.

Mr. Rumjahn is highly respected by MAI and his peers for his insights and professional judgment as they relate to his areas of expertise. As a result of his contributions to DEA, he is held in the highest regard for his investigative skills and expertise in financial investigations, money laundering and forfeiture. Mr. Rumjahn’s character, integrity and personal demeanor also make him a valuable associate of MAI whose counsel and opinions are often sought. He is an exceptional example of MAI’s goal to bring to the government only the best financial investigators to address complex financial crime and money laundering.