Showing posts with label Bankster. Show all posts
Showing posts with label Bankster. Show all posts

Friday, September 20, 2013

5 Years After the Financial Crisis, The Big Banks Are Still Committing Massive Crimes

5 Years After the Financial Crisis, The Big Banks Are Still Committing Massive Crimes

George Washington's picture

Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior.

You Won’t Believe What They’ve Done …

Here are just some of the improprieties by big banks over the last century (you’ll see that many shenanigans are continuing today):

Tuesday, July 2, 2013

Top Vatican bank managers resign after Monsignor's arrest
Top Vatican bank managers resign after Monsignor's arrest

By Philip Pullella
VATICAN CITY | Mon Jul 1, 2013 7:18pm EDT
(Reuters) - Two top managers of the scandal-plagued Vatican bank resigned on Monday following the arrest of a high-ranking cleric with close ties to the financial institution, in the latest of a string of embarrassments for the Holy See.

Director Paolo Cipriani and deputy-director Massimo Tulli stepped down three days after the Vatican was rocked by the arrest of Monsignor Nunzio Scarano, who is accused of plotting with two other people to smuggle 20 million euros into Italy from Switzerland.

Ernst von Freyberg, a German [with Krupp-Thyssen ties -AK] who earlier this year became president of the bank, officially known as the Institute for Works of Religion (IOR), will assume the role of bank director until a permanent replacement is appointed.

Monday, July 16, 2012

Iceland Has Hired An Ex-Cop To Hunt Down The Bankers That Wrecked Its Economy

This is NOT an actual image of the bounty hunter!

Rob Wile
Jul. 12, 2012, 2:07 PM
Business Insider

If you were involved in Icelandic high finance in the runup to the recession, you might want to start watching your back.

That's because the government has appointed a white collar crime bounty hunter who wants to haul your behind in (alive, to be sure).

LeMonde reporter Charlotte Chabas has a profile of Ólafur Þór Hauksson, a former local police lieutenant whom the Iceland government appointed to track down individuals likely to have helped sink the country's banking sector during the credit crunch.

Hauksson's job description, according to PressEurop's translation of the piece:
"On one hand, we have to investigate all suspicion of fraud and offences committed before 2009, on the other hand, we bring the lawsuits against the suspects to court ourselves," Hauksson explains. This is a 'totally new' method which allows the investigators to "follow the case" and the judicial system to "know the cases like the back of their hand". This is indispensable in order "to compete with the well-prepared defence attorneys".
Hauksson oversees a posse of 100 researchers to help track down outlaws. He's netted some major convictions since starting in 2009, including the former chief of staff of the country's finance minister on insider trading charges. Many others await their day in court, Chabas writes. 

And he will track you down even if you've fled abroad.

"Searches continue and the team pursues its investigations abroad in the foreign subsidiaries of the Icelandic banks and includes questioning foreigners," Chabas writes. " 'We enjoy full international cooperation,' stresses Olafur Hauksson."

Saturday, March 24, 2012

Exiled Russian Banker Gunned Down In London

Russian violence hits British streets as exiled banker

is gunned down in 'assassination bid' near Canary Wharf 

German Gorbuntsov was 'blasted with a submachine gun' as he entered a block of flats near Canary Wharf. Forty-five-year-old exile is in a medically-induced coma in hospital Gorbuntsov is also on Moldova's wanted list over allegations of an illegal bank takeover and embezzlement He has previously said: 'If I go back to Russia, they will kill me'.

Friday, March 16, 2012

Imminent Mass Arrests
of 10,000 Global Cabal Members????

This just showed up. I don't know who is behind it. I don't know if its true. I hope so for the planet's sake!

Thursday, March 8, 2012

Financier Allen Stanford Convicted for US Investment Fraud

Verdict against Allen Stanford, former Texas financier and Caribbean playboy, caps a riches-to-rags trajectory.

Jurors found Allen Stanford guilty of fraud, conspiracy, money laundering and obstruction of justice.

A jury has convicted financier Allen Stanford on all but one of the charges he faced for allegedly bilking investors out of more than $7bn in one of the largest pyramid schemes in US history.

The Texan had pleaded not guilty to bilking 30,000 investors from more than 100 countries through bogus investments with Stanford International Bank.

Jurors on Tuesday found him guilty of 13 of 14 counts of fraud, conspiracy, moneylaundering and obstruction of justice which each carry maximum sentences of five to 20 years in jail.
Stanford, 61, has spent the past three years in jail after being deemed a flight risk shortly after his February 2009 arrest.

He remained stoic as the guilty verdicts were read, but his elderly mother, two adult daughters and a family friend dropped their heads into their hands in dismay. He will be sentenced at a later date.
His lawyers told reporters the verdict was a "disappointment" and vowed to appeal. Prosecution attorneys left the courtroom quickly, and were unavailable for comment.

Cassie Wilkinson, one of Stanford's victims, said Tuesday was a day she has long awaited.
'Unfit for trial'

"We were taken advantage of not just by Allen, but by a whole band of crooks," she said. "It's great to know there were 12 jurors who felt the same way."

The only non-guilty verdict was returned on Count 2, in which Stanford was charged with wire fraud for allegedly purchasing $9,000 Super Bowl tickets for Antiguan bank regulator, Leroy King.

The charge apparently presented some difficulties for the jury as they sent two questions to the judge on Monday in an attempt to clarify language in the testimony regarding that count and the law governing such gifts.

Badly beaten in a jailhouse brawl, Stanford was temporarily declared unfit for trial after he became addicted to painkillers while also on antidepressants.

He tried to have his case completely dismissed after claiming that the beating and drugs destroyed his memory, but a judge refused to believe him.

Defence attorneys at the trial tried to shift the blame to former chief financial officer James Davis, who he said perpetrated the entire fraud while Stanford naively placed his trust in his former college roommate.
They also insisted the bulk of investor money was lost due to mismanagement by court-appointed receivers after the US government seized the bank.

Prosecutors scoffed at the notion, and said Stanford funded his lavish lifestyle by siphoning off $2bn in investor deposits while pushing "bogus" certificates of deposits which promised artificially high returns based on "safe" investments.

Investigators could not find 92 per cent of the $8bn the bank said it had in assets and cash reserves.
As a dual citizen of the United States and the Caribbean country of Antigua and Barbuda, Stanford was known for his largesse, especially on the two paradise islands.

With a fortune of $2.2bn, Forbes Magazine ranked Stanford as the 605th richest person in the world in 2006.