Ed was formerly employed by the Federal Bureau of Investigation (FBI) as a Special Agent in the Philadelphia and Dallas Division offices. During his service with the FBI, Ed served on various White Collar Crime squads with assignments to Fraud against the Government, Bank Fraud and Bribery of Public Officials criminal cases. Ed headed and supervised a Task Force of agents assigned to investigate the misuse of U. S. Department of Education funds by local colleges and proprietary schools resulting in the bribery conviction of a number of Federal officials. While an agent, Ed performed numerous temporary (relief) supervisory functions for various squads at the FBI's Dallas office.
Prior to joining the FBI in 1972, Ed was executive officer and Controller of a test equipment manufacturer and subsidiary of Mobil Oil Company and also a Financial Analyst for Westinghouse Broadcasting Corp, both companies located in the New York City area.
After his tenure at the FBI, Ed formed his own private investigations company, Colt Investigations, Inc., later known as Krasiewski & Associates which he successfully operated for over 20 years. During those years, he has conducted significant cases on behalf of corporate clients, major law firms, Federal regulatory agencies and insurance companies. Some of the highlighted investigations conducted by Ed over those years are as follows: In Panama, headed a team of accountants and investigators who determined a $200 million cost overrun in building a Panamanian pipeline next to Panama Canal was fraudulently conceived and funds diverted to the general contractor. During Savings & Loan and Bank failures in the early 1990s, Ed maintained two offices, one in Dallas and the other in Houston, with six full time investigators contracted by FDIC and Resolution Trust Corp (RTC) to conduct financial searches for concealed assets on defaulting borrowers. In addition, RTC contracted with Ed's firm to review loan portfolios of failed S&Ls in the Denver, Colorado area in order to ascertain potential E & O insurance claims against officers and directors. On behalf of a major life insurance company, Ed initiated a fraud investigation of criminal activity on the part of independent insurance agents signing up life insurance policies on individuals who had the AIDS virus or were HIV positive resulting in a savings of $3 million in potential claims. Major natural gas user in California, who had entered into a complex trading arrangement involving derivatives with a Canadian energy company, was a victim of a "wash sales" fraud which artificially increased gas prices uncovered by Ed. One of the trading database used in the scheme was Enron Online.
Ed graduated from St. Peters College, Jersey City, NJ with a Bachelor of Science degree in Accounting. Further graduate studies were taken in accounting and taxation at Fairleigh Dickerson University, Teaneck, NJ. Ed is also a Certified Fraud Examiner as well as Texas licensed insurance agent. Ed served two years active duty in the
U. S. Army.