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Investigations

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Owner of Defunct Fullerton, California, Bond Company Pleads Guilty to Wire Fraud

On May 26, 2015, Bonnie Warren, owner of Oasis Capital, Inc. (Oasis), of Fullerton, California, pleaded guilty to wire fraud in U.S. District Court, Los Angeles, California.

Our investigation was initiated after the Federal Motor Carrier Safety Administration (FMCSA) referred allegations that Oasis was violating FMCSA regulations by accepting money from property brokers for the establishment of trust funds and actually using the money for other purposes. Trust fund monies are supposed to be maintained for the purpose of providing payments to shippers or motor carriers in cases where the broker fails to carry out its contract to provide transportation services by authorized motor carriers. Oasis solicited brokers and accepted payments to establish trust funds only to use the monies for other purposes. FMCSA suspended Oasis' privileges to file trust funds on behalf of brokers in January 2010 and began the process of revoking the approximately 500 Oasis trust funds on file with FMCSA. 

We are conducting this investigation with the FBI with assistance from the FMCSA.