The last we heard about Mount Rushmore of Securities Fraud member David Pajcin was back in November 2008, when it was reported that, after being released from prison, he had violated the terms of his supervised release and failed to report to his probation officer. Prosecutors and Pajcin’s criminal lawyer, Jesse Siegel, told the court they believed he was no longer in the country and prosecutors asked the court to issue a warrant for his arrest.
Since November we’ve heard nothing more about Pajcin (other than the CNBC TV special about him and his co-defendant, Eugene Plotkin), so today we set out to learn where in the world Pajcin may be and what efforts are being made to find him.
The answer? According to a source in the Department of Justice, Pajcin never reported to his probation officer after being released from prison and is now a fugitive. Authorities believe he is almost certainly out of the country and that they know where he is, and there have even been some unsuccessful efforts made to convince him to return to the U.S.
The DOJ’s hands are tied in compelling Pajcin to return to the U.S., however, because he is wanted only for a violation of his supervised release, which is not an “indictable” offense. According to this source, no country will extradite a person for a violation of supervised release.