Friday, July 15, 2022

Feds receive briefing on alleged money-laundering scheme that could involve up to $50 million; is Steve Feaga set to re-enter picture re: Balch & Bingham?

Federal investigators have been briefed on an alleged money-laundering scheme involving $50 million and 18 tax-exempt entities, according to a report at In a related development, sources are telling Publisher K.B. Forbes that former Balch & Bingham chief compliance officer (CCO) Steve Feaga has drawn the interest of the U.S. Department of Justice.

Regarding the money-laundering briefing, Forbes writes: 

Alabama Power has secretly paid millions to the embattled political consulting firm Matrix, LLC and its founder “Sloppy Joe” Perkins who sloppily outlined alleged criminal misconduct spanning more than a decade in a since-deleted post on on June 30.

We, the CDLU, have briefed federal investigators on the alleged money laundering of more than $50 million using 18 tax-exempt 501 (c) 4 entities. These tax-exempt entities are designed to be “social welfare organizations” and must operate primarily to further the common good and general welfare of the people of the community.

We are sure that funneling money to “ghost candidates” in Florida and other alleged dirty deeds do not further the common good.

What is at the heart of these allegations? Forbes explains:

“Sloppy Joe” Perkins . . . apparently let his ego get the best of him. Perkins . . .  is in the middle of a brutal and ugly two-state legal battle with his once-protégé “Jittery Jeff” Pitts.

A much-needed federal probe of this matter could enhance the alleged ongoing obstruction of justice probe of Alabama Power CEO and Chairman (and former Balch partner) Mark A. Crosswhite.

This appears to involve big names in Alabama legal and business circles. It also involves an eye-popping financial figure -- and Forbes provides context:

The North Birmingham Bribery Scandal involved less than $400,000 in money laundering. What will the feds find in the more than $50 million in transactions since 2010?

Balch & Bingham and sister-wife Alabama Power appear to have relied on the “strategic” services of Matrix and Joe Perkins for decades.

Will the latest developments engulf the Three Stooges (Alabama Power, Balch, and Drummond Company) and bring to light the alleged “don’t ask, just cut the check” bribery ring?

Who will be the first to sing? Billy Canary? Trey Glenn? Lance Brown?

As for Feaga, he was ousted at Balch after two years as the firm's CCO, with no replacement named. Now, his name is coming up again, writes Forbes:

With nothing done in those two years, we called Feaga’s appointment the greatest act of window dressing.

His work at Balch ran parallel to the North Birmingham Bribery Trial.

That, of course, raises a host of questions, as Forbes spells out:

Does Feaga know about the alleged secret deal to keep Alabama Power “unmentionable” during the trial? Does Feaga have inside information about the inappropriate meeting at the Moon Shine Lounge between disgraced ex-U.S. Attorney Jay E. Town and the CEO of Alabama Power, Mark A. Crosswhite? Does he have a keen understanding how Matrix, LLC and attorney Mark White were utilized to allegedly protect Crosswhite and Alabama Power?

Is Feaga now, today providing insight in the alleged ongoing federal investigation of obstruction of justice involving Balch’s sister-wife Alabama Power?

A second source confirmed in the past 24 hours that something is happening with Feaga and the U.S. Department of Justice.

Judge Abdul K. Fallon, who presided over the North Birmingham Bribery Trial, gave his notice of resignation unexpectedly on April 6, 2022. A day later, two Assistant U.S. Attorneys allegedly also gave notice of their resignations. The following week, Balch partner Bo Lineberry committed suicide, allegedly due to financial troubles.

Now Feaga, who has been off the grid for two and a half years, is a person of interest.

Interesting. Interesting to say the least.


RiccoPitts said...

I'm not getting my hopes up over anyone being held accountable for their criminal acts. It seems to me that the rich and powerful get a free pass for being, well, rich and powerful. White collar crimes are profitable in our world today. Low level criminals or those with drug/mental health problems are jailed in third world conditions and no one seems to care. Who knows how all this will end but it makes me sad. I pray that somehow or from somewhere a leader will step forward to turn this ship around. It will take a return of the truth and I'm not so sure anyone knows what the truth is anymore. Doing away with FCC Fairness Doctrine has allowed one sided viewpoints that are nothing more than hate filled propaganda to fill up our airwaves to the point that what was once just viewed as someone's opinion is now accepted as fact. Hours and hours of the likes of Russ Limbaugh, Tucker Carlson has damaged the moral fiber of this nation.

legalschnauzer said...

Thanks for a sobering, but powerful, comment.

Anonymous said...

Forbes briefed federal investigators, huh? Was that right after they knocked on his door? Roger, if I were you, I'd be careful where I hitched my wagon.

legalschnauzer said...

@10:30 a.m. --

Not sure what you mean, but here is your comment. Perhaps others will understand it better than I do.

Anonymous said...

Will you please revisit the issues going on at Greenetrack? Thank you!

Anonymous said...

To RiccoPitts: Your comment about "hate-filled propaganda" cuts both ways and seems to apply perfectly to CNN, MSNBC, and NPR. They pumped the gullible full of lies- remember the Muller Report? Anti-White Racism was also a major play of theirs.

Anonymous said...