FirstPlus Financial Group (fka FPFXQ)

[flemsnopes]

August 5, 2013
CORRECTED: Accountant Cops Plea In Mafia Takeover Of Texas Lender
A Pennsylvania accountant on Thursday pled guilty to a conspiracy to commit fraud charge in New Jersey federal court tied to his role in the allegedly extortionate takeover of FirstPlus Financial Group Inc., a Texas-based mortgage lender federal prosecutors say was bankrupted by members of the Lucchese organized crime family. Correction: An earlier story incorrectly reported the charges to which Drossner pled guilty. The error has been corrected.

PENNSYLVANIA ACCOUNTANT COPS PLEA IN MAFIOSA TAKEOVER OF TEXAS-BASED NEW JERSEY LENDER

Law360, By Joshua Alston, 08/03/13

Law360, New York (August 02, 2013, 10:23 PM ET) -- A Pennsylvania accountant on Thursday pled guilty to racketeering and fraud charges in New Jersey federal court tied to his role in the allegedly extortionate takeover of FirstPlus Financial Group Inc., a Texas-based mortgage lender federal prosecutors say was bankrupted by members of the Lucchese organized crime family.

Howard A. Drossner, a cofounder of the Elkins Park, Pa.-based accounting firm Siegal and Drossner PC, pled guilty to a count of racketeering conspiracy and a count of securities fraud in connection with an October 2011 indictment.

http://www.law360.com/whitecollar/articles/462242/accountant-cops-plea-in-mafia-takeover-of-texas-lender