Michael Fagan

A United States Treasury officer whose job involved warning the public about investment fraud has admitted receiving money for providing information to someone who turned out to be a fraudster. James Lynn Kramer-Wilt pleaded guilty on January 30, 2003 to one count of "willful receipt of unlawful compensation from a source other than the executive branch of the United States Government". He is currently awaiting sentencing at the U. S. District Court for the District of Eastern Texas and faces a maximum penalty of five years in prison and a fine of $250,000.