104: Randy Wolverton - Savings and Loan Fraud, Leonard Pelullo, Philly Mob

FBI Retired Case File Review

Jerri Williams

True Crime, Interviews, Fiction, History, Fbi, Government, Truecrime

4.6 • 2.1K Ratings

🗓️ 22 February 2018

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Retired agent Randy Wolverton, a CPA, reviews a savings and loan fraud case that targeted real estate investor Leonard Pelullo. Despite 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 Pelullo’s final conviction was upheld, and he was sentenced to a 24-year prison term.

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Transcript

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0:00.0	Welcome to episode 104 of FBI Retired Case File Review with Jerry Williams.
0:09.9	I'm a retired agent writing crime fiction inspired by true crime FBI cases.
0:16.1	Today we get to speak to retired agent Randy Wolverton who served in the FBI for 28 years.
0:24.8	During his Bureau career, Wolverton, a CPA,
0:29.1	were cases involving violent crime, white collar crime, drugs, public corruption, domestic terrorism, and health
0:36.8	care fraud. In this episode, Randy Wolverton reviews a savings and loan fraud case that targeted real estate investor
0:45.6	Leonard Pallulo in spite of the testimony of LCN under boss Philip Leonetti
0:52.2	who admitted to brokering a disputed loan shark debt between
0:56.9	Pallulo and an LCN protected loan shark the case had to be tried four times before Palulu's final conviction was upheld and he was sentenced to a 24 year prison term.
1:11.0	Prior to retirement, Randy Wolverton was promoted to the
1:15.4	financial crime section Economic Crime Unit of FBI headquarters and was
1:21.4	responsible for program management of corporate fraud, security fraud,
1:27.0	insurance fraud, and mass marketing fraud matters.
1:31.0	After he retired from the FBI, he co-edited a book entitled White Collar Crime, Core Concepts for Consultants and
1:40.0	Expert Witnesses Published by the American Institute of Certified Public Accountants.
1:47.0	Randy Wolverton currently continues to work for the FBI as a contract asset forfeiture investigator.
1:55.0	This is an absolutely fascinating case.
1:58.6	It's a white collar crime and an organized crime case all rolled into one.
2:04.0	Can you imagine investigating a case that ends up having to go to trial four times?
2:10.0	An investigation in trial ends up taking 10 years of your career until it's
2:16.2	finally resolved? Well that's what happened in this case. Now before we get to that
2:21.5	interview there's just a few things that I want to tell you about.
	...

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