Showing posts with label Corruption. Show all posts
Showing posts with label Corruption. Show all posts

Monday, December 30, 2013

LEAKED Confession: Cesspool Of Greek-German Corruption




LEAKED Confession: Cesspool Of Greek-German Corruption
December 30th, 2013

http://investmentwatchblog.com/leaked-confession-cesspool-of-greek-german-corruption/

Wolf Richter www.testosteronepit.com  www.amazon.com/author/wolfrichter

Apparently, it has been impossible to sell Greece any weapons at all, not even a water pistol, without bribing officials at the Defense Ministry. Corruption is so pandemic that Transparency International awarded Greece once again the dubious honor of being the most corrupt country in the EU. For 2013, Greece ended up in 80th place of the 177 countries in the survey, same as China. But it takes two to tango.

And in holier-than-thou Germany, where exporting at any price is a state religion (with chart) regardless of who runs the show, the defense industry was allegedly eager to dance with Greece – supplying tanks, submarines, and other equipment that broke Greece didn’t need and couldn’t afford.

Now there’s a confession. After four days of grilling, investigating magistrates in Athens extracted it from Antonios Kantas, General Secretary for Procurement at the Defense Ministry between 1996 and 2002. He’d been arrested in mid-December after authorities found nearly €14 million in various accounts. In his 30-page testimony, elements of which have been leaked, he admitted having pocketed €15 million in bribes since 1989 – just this one guy!

But it was a community effort that stretched across party lines. He named names, euros, and dollars, implicating 17 Greek politicians and businessmen. They include former head of procurement Yiannis Sbokos, former Defense Minister Akis Tsochatzopoulos – who, along with Sbokos, has already been condemned to years in the hoosegow for laundering the kickbacks he’d received in various arms deals – and his worthy successor, former Defense Minister Yiannos Papantoniou. And Kantas named the coddled weapons manufacturers in Germany.

Wednesday, October 16, 2013

UK court to hear evidence ahead of landmark Libor ruling


http://www.reuters.com/article/2013/10/12/libor-court-idUSL6N0HY3E220131012

UK court to hear evidence ahead of landmark Libor ruling
By Matt Scuffham

LONDON | Sat Oct 12, 2013 7:00pm EDT

Oct 13 (Reuters) - A British court will this week consider whether attempted manipulation of the benchmark interest rate Libor can invalidate loans and other deals or show that banks mis-sold products that were based upon the rate.

The Court of Appeal will on Tuesday begin a 3-day hearing examining two separate cases brought by clients against Barclays and Deutsche Bank. It is expected to hand down a landmark ruling later in the year, according to sources familiar with the cases.

If the decision goes against the banks, it could open the door to many more cases being brought against the industry by companies citing Libor manipulation, opening banks up to compensation claims worth billions of pounds.

The London interbank offered rate (Libor) is used to price over $300 trillion of financial contracts around the world.

"To unwind all Libor-linked derivative contracts would be financial Armageddon," said Abhishek Sachdev, managing director of Vedanta Hedging, which advises companies on interest rate hedging products.

In previous legal rulings judges have stopped short of saying Libor is relevant to all claims against banks but said it could be used in cases where contracts have been linked specifically to the benchmark.

Barclays is being sued for up to 70 million pounds ($112 million) by Guardian Care Homes, a UK residential care home operator, which alleges the bank mis-sold it interest rate hedging products that were based upon Libor.

The case has been delayed until April 2014 so the appeal decision can be heard. It started out as a complaint about the alleged mis-selling of interest rate swaps but a judge ruled last October that it could be amended to include claims of fraudulent misrepresentation connected to Libor manipulation.

Barclays said the case has no merit because Guardian Care Homes had sufficient understanding of the products to make its own judgment over whether to enter into the agreements.

"The addition of a claim based on what happened with Libor does not change the bank's view. This business had a suite of advisors and a lot of financial experience and skill in-house," it said on Friday.

Barclays last year paid a $450 million to settle allegations it manipulated Libor, and UBS and Royal Bank of Scotland have been fined for manipulating Libor. Deutsche is among several other banks under investigation.

Deutsche Bank last year sued Indian property firm Unitech for the repayment of a $150 million loan made in 2007 by a consortium of lenders and for the repayment of $11 million owed for a related interest-rate swap.

But Unitech counter-sued, saying the loan and swap deal were linked to Libor interest rates, which at the time were being manipulated by some banks.

A UK court last month said Unitech must repay the loan, but said the dispute over the related swap should go to trial.

The judge said just because there was evidence the Libor rate had been manipulated did not make a loan void. But he said the terms of the swap agreement and its specific link to a Libor contract were more contentious.

"The defendant's attempts to introduce broad and unsupported allegations about Libor, which have already been rejected once by the High Court, are a bid to delay payment and divert attention from its unpaid debts," Deutsche Bank said on Friday.

Lawyers for Guardian Care Homes and Unitech declined to comment.

Tuesday, July 2, 2013

Top Vatican bank managers resign after Monsignor's arrest


http://www.reuters.com/article/2013/07/01/us-vatican-bank-resign-idUSBRE96011720130701
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.

Saturday, April 27, 2013

Rolling Stone: Everything Is Rigged:
The Biggest Price-Fixing Scandal Ever
The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix


Illustration by Victor Juhasz

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever
The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix

Illustration by Victor Juhasz
By MATT TAIBBI
April 25, 2013 1:00 PM ET

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.

You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that's trillion, with a "t") worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it "dwarfs by orders of magnitude any financial scam in the history of markets."

That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world's largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world's largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks – including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland – that serve on the Libor panel that sets global interest rates. In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions). Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture.

Read more:
http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425#ixzz2Rh8LMon1

Monday, March 11, 2013

Stay Strong -- Stand Firm -- Hold Your Ground


Stay Strong -- Stand Firm -- Hold Your Ground

Greetings Friends -- I share with you here a story of courage, strong will and determination. I share it simply to paint a picture of what we are capable of when we decide, by our own free will, to stand up against corruption and injustice. Right now, we "the people" are the enforcement. Our individual acts scream the message "We Will NOT Take It Any Longer!" I am here to share with you....our screams have been heard.

The day quickly approaches where we will need to scream no more....

~ Brian

This post sheds some context to the story below:

http://americankabuki.blogspot.com/2013/02/a-message-from-heather-almost-every.html

Thayne
Follow · 2 hours ago

Friday, March 08, 2013
5:30 p.m.

Banks are closed for the weekend.

My doorbell rings twice.

I answer the door and at my doorstep stands a tattoo-laden individual with piercings in his lips, nose, etc.

Rough around the edges.

The intimidating type.

Merely doing his job.

A human being.

After asking if I'm Thayne, he proceeds to inform me he'll be repossessing my truck.

I was in shock for a moment, now facing the consequences of my actions (I could no longer afford my truck payment from December onward and stopped paying insurance on it after January).

He said he'd give me a few minutes to get my things out of MY truck (Red flag, never unlock your house or vehicle for a goon, no matter who they are allegedly representing; nor give them your keys).

I quickly gained the offensive and began utilizing what I've learned from Heather and co. including a specific YouTube video I'd seen.

I started asking questions to throw him off-script.

It worked quickly.

I remained calm and re-assured him my issues were only with the bank.

He kept attempting to refer to an alleged order; to an agreement between the alleged bank and myself.

None of which he could produce to prove his allegations and justifications.

He continually used threats and coercion (script) against me but it shed from me like water.

I knew immediately when he lost his power and when I had complete control over the situation; complete control over myself.

I kept repeating that I know my rights.

He threatened to call the Sheriff who he alleged would allow the seizure of my property.

I asked what documentation he had to prove this.

I invited him to call the police. I informed him that the truck is registered in my name.

I informed him that if this is the game he wants to play I would gladly allow the police to escort him off my property for trespassing.

It's a civil matter.

It's the local authority's job to maintain the peace.

He had caused measurable damage to my energy.

He was disrupting my peace.

He was in the wrong the moment he attempted to interact with me.

Know this.

They have NO rights to harm you under ANY circumstances; verbally, etc.

After becoming flustered, he finally said he had no choice but to call his boss.

He spoke with her for a moment and then handed me the phone.

"Hello?"

She attempted to use her script (threats, coercion) without any success.

I simply kept asking questions; none of which she could or would answer.

She attempted to get me to admit to something she was saying.

She wanted me to admit that I'd failed to keep my agreement with this alleged bank.

I simply replied, "That's what you're saying" or something along those lines.

Never agree to any of their demands.

They have no standing whatsoever.

She continued to make feeble attempts at scaring me into submission.

Sorry, you picked the wrong person to threat and coerce.

I continued asking her to prove any of her allegations were lawful.

She kept arguing otherwise, losing her cool by the minute.

She played "good cop/bad cop" telling me how nice of a person I look like on my FB profile.

I told her, "I am a nice guy."

Eventually she said I'm just a lawbreaker.

I responded by saying, "People break the law EVERY day (what laws right?).

Then she got really scary (yeah right!) and admitted what the law states.

That they can peacefully repossess my vehicle which I was obviously resisting.

Since they'd have to exercise force to do so, they have no choice but to leave.

She proceeded to say how she was going to email the alleged bank in the morning (bankers work on Saturdays? Barely!) and inform them that I resisted and that she'd direct them to the finest attorneys in Missoula.

Bring it on!!!

I said, "Great! I'd rather deal with the law anyways!"

I handed the phone back to her goon and once he got off, he simply said, "Have a good evening." and proceeded to vacate my property IMMEDIATEDLY.

This probably lasted around twenty minutes total.

I never gave into them.

On Saturday, I filled out my first Courtesy Notice and faxed it to her.

I felt liberated!

I'm all about facing re-po men, authorities, attorneys, judges, etc.

They've all been foreclosed on!

They have no ground to stand on!

It's actually funny watching these people sleep-walk.

It's important to remember they're people.

Never feed into their low energy patterns.

We're the change.

No one said it would be easy but it is worth it.

On a side note, I'm learning to let go of these possessions anyways.

Everything is still in bondage and will be freed in short order.

By no means is this glamorous.

We are outlaws; out of law.

We are also leaders.

It's our job to lead; by action.

Asserting ourselves, always.

We are manifesting our realities.

If I gave into fear, I may as well have simply handed my keys over and given up.

No fu**ing way!

I'm a lightworker.

I re-incarnated into this life for the purpose I'm fulfilling NOW!

I am so powerful I scream it sometimes!

I thank the Creator and rest assured knowing the Universe has, does and always will align with my thoughts, feelings and actions.

I know this.

I've seen the evidence of this.

I am manifesting my reality, always.

Namaste

Path of Light

Tuesday, September 11, 2012

Power Is The Best Alibi - ARBITRAGE - New Movie

Reader Les sent this to me today:



The dirty deeds and desperations of the rich and powerful - poignantly brought to the screen in the timely and compelling Arbitrage. Opens Friday.

When we first meet New York hedge-fund magnate Robert Miller (Richard Gere) on the eve of his 60th birthday, he appears the very portrait of success in American business and family life. But behind the gilded walls of his mansion, Miller is in over his head, desperately trying to complete the sale of his trading empire to a major bank before the depths of his fraud are revealed.

Struggling to conceal his duplicity from loyal wife Ellen (Susan Sarandon) and brilliant daughter and heir-apparent Brooke (Brit Marling), Miller's also balancing an affair with French art-dealer Julie Cote (Laetetia Casta). Just as he's about to unload his troubled empire, an unexpected bloody error forces him to juggle family, business, and crime with the aid of Jimmy Grant (Nate Parker), a face from Miller's past.

Between Gere matching wits with police detective Michael Bryer (Tim Roth), and him having to explain himself to the steely Sarandon, Arbitrage is never dull. http://www.arbitrage-film.com/

Thursday, August 16, 2012

Assange Or Corzine? Priorities are a bitch.




http://www.zerohedge.com/news/guest-post-assange-or-corzine

Guest Post: Assange Or Corzine?


Submitted by John Aziz of Azizonomics
Assange Or Corzine?
Priorities are a bitch.
The United States won’t prosecute Corzine for raiding segregated customer accounts, but will happily convene a Grand Jury in preparation for prosecuting Julian Assange forexposing the truth about war crimes.
From the New York Times:
A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives. After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.
But nobody knows how much dirt Corzine has on other Wall Street crooks. Not only may Corzine get away with corzining MF Global’s clients’ funds, he may well end up with a whole raft of seed money to play with from those former colleagues and associates who might prefer he remain silent regarding other indiscretions he may be aware of.
But the issue at hand is the sense that we have entered a phase of exponential criminality and corruption. A slavering crook like Corzine who stole $200 million of clients’ funds can walk free. Meanwhile, a man who exposed evidence of serious war crimes is for that act so keenly wanted by US authorities that Britain has threatened to throw hundreds of years of diplomatic protocol and treaties into the trash and raid the embassy of another sovereign state to deliver him to a power that seems intent not only to criminalise him, but perhaps even to summarily execute him. The Obama administration, of course, has made a habit of summary extrajudicial executions of those that it suspects of terrorism, and the detention and prosecution of whistleblowers. And the ooze of large-scale financial corruption, rate-rigging, theft and fraud goes on unpunished.

Thursday, July 26, 2012

Audit The Fed Passes House of Representatives



http://rt.com/usa/news/house-ron-audit-bill-061/

A bill introduced by Rep. Ron Paul (R-Texas) to audit America’s central bank, the Federal Reserve, passed the US House of Representatives overwhelmingly Wednesday afternoon by a 327-98 vote.

Paul’s ongoing efforts to call for increased transparency in the Federal Reserve have become a hallmark of his tenure in Congress and of his current campaign for the presidency. 

Rep. Paul is still vying for the GOP nomination and intends to speak at the Republican National Convention in Florida next month. And although Paul has as recently as this week refused to endorse presumptive party nominee Mitt Romney, the former Massachusetts governor has supported the congressman’s proposal to audit the Fed.

"Ron Paul's 'Audit The Fed' bill is a reminder of his tireless efforts to promote sound money and a more transparent Federal Reserve," Romney writes on his official Twitter page.

During the Wednesday afternoon vote in Washington, D.C., Paul received backing from all House Republicans but one, as well as support from 89 congressional Democrats.

Rep. Dennis Kucinich (D-Ohio), was among those on the opposing party of Paul’s that still saw reason to support the bill. "The Fed creates trillions of dollars out of nothing and gives it to banks,” Rep. Kucinich said before Wednesday’s vote. “Congress is in the dark. The Fed sets the stage for the subprime meltdown. Congress is in the dark. The Fed takes a dive on LIBOR. Congress is in the dark. The Fed doesn’t tell regulators what is going on. Congress is in the dark.”

"It is time for us to bring the Fed into the sunshine of accountability," the democratic congressman continued.
House Minority Whip Steny Hoyer (D-Md.) was one of those opposed to the bill, saying that passing it “increases the likelihood that the Fed will make decisions based on political rather than economic considerations, and that is not a recipe for sound monetary policy.”

Ben Bernanke, chairman of the US Federal Reserve has said that, although the Fed is “quite transparent and accountable on monetary policy,” there was room for improvement. Speaking to the House Financial Service Committee last week, Bernanke said the agency still “needs to be transparent and it needs to be accountable,” even though he believes that his quarterly projections and press conferences already allow the central bank to be relatively open with Americans.

Although Wednesday’s vote was a success for the congressman’s efforts to bring added transparency to the Fed, his fight for an audit doesn’t end here. Next the bill will be brought to the Senate for a vote, where it is not expected to pass. If it does clear both sides of Congress, however, it will then be sent to the desk of President Barack Obama for him to sign into law.

Wednesday, July 4, 2012

French Police Investigating Former President Nicolas Sarkozy on Corruption



July 3, 2012
http://uk.finance.yahoo.com/news/french-police-raid-nicolas-sarkozys-homes-offices-151959654.html

French police investigating former president Nicolas Sarkozy on corruption allegations wasted little time in raiding his and wife Carla Bruni's homes and offices Tuesday, less than a month after his immunity against prosecution ended. The officers are "investigating claims that Sarkozy received cash from l'Oréal heiress Lilian Bettencourt in return for tax breaks," according to Paris-based journalist Peter Allen on Twitter. Allen continues: "Judge Jean-Michel Gentil believes Bettencourt illegally contributed 2 payments of 400,000 euros each to Sarkozy's 2007 election campaign."

Sunday, May 6, 2012

BP Cover-up ‘They Knew.’



BP Cover-up ‘They Knew.’ Part 1http://www.cjournal.info/2012/05/05/bp-cover-up-they-knew-part-1/


BP Cover-up Part 2: Bribery, George Bush and WikiLeakshttp://www.cjournal.info/2012/05/06/bp-cover-up-part-2-bribery-george-bush-and-wikileaks/ 

Posted By: NaturalWisdom

Date: Sunday, 6-May-2012 15:14:56
Greg Palast discussed the BP oil spill cover-up on the Power Hour Radio Show with Joyce Riley this past Tuesday, May 1, 2012.
Hour2 - Guest Greg Palast
Hour3 - Continued with guest Greg Palast

Friday, March 2, 2012

BANGLADESH: 33 insurance directors quit simultaneously


http://cli.gs/w95rqd3

33 insurance directors quit simultaneous directorship of banks, NBFIs, insurers

Jasim Uddin Haroon

The insurance regulator Wednesday said a total of 33 insurance company directors have resigned from the board of directors of banks, non-banking financial institutions (NBFIs) and their own companies.

Thursday, February 23, 2012

David Wilcock's Latest Update of Financial Tyranny

David Wilcock


Those of you tracking the unfolding expose of the criminal cabal that has ruled the western world for at least 300 years, can find a complete indexed pdf version of Financial Tyranny here:

http://www.vigli.org/FINANCIAL_TYRANNY_Defeating_the-Greatest_Cover-Up_of_All_Time_David-Wilcock_Feb-13-2012.pdf

Thanks to Kauilapele for pointing us to this on his blog!

Also be sure to check out what has become a living document, Financial Tyranny at http://www.divinecosmos.com.

David says its complete but I have a feeling this document will continue to grow as collective minds on the Internet unravel the enigmas that are the banking cabal. David Wilcock has an amazing mind and ability to synthesize knowledge from a wide variety of disciplines.