Friday, May 04, 2012

Landmark Lawsuit by US Home Owners Implicates Obama and Big Banks in Massive Global Laundering Scheme

By Madison Ruppert
Contributing Writer for Wake Up World
A new lawsuit, which is bordering on the unbelievable, implicates the Obama administration and some of the world’s largest banks in the largest international money laundering case in history.
This global money laundering network was allegedly formed during the Obama administration and helped banks rob U.S. home owners through offshore affiliates in infamous tax havens and money laundering hubs like the Cayman Island, Isle of Man, Luxembourg and Malaysia.


A press release published by Marketwatch (a website owned by the Wall Street Journal) via Marketwire on April 23, 2012, by America’s Spire Law Group, revealed that a mass tort action on behalf of home owners across the United States has been filed in the Supreme Court of New York, County of Kings.
The release states that the suit implicates every major bank servicer and their subsidiaries, as well as the Obama administration which allegedly was privately ratifying the formation of shell corporations in violation of not only the USA PATRIOT Act, but also State and Federal law as well.
This is all while the administration was very publicly encouraging home owners to modify their loans.
The suit, which has been assigned Index No. 500827 and was filed by the Spire Law Group and their affiliates and partners throughout the United States, also alleges that Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, among other federally chartered banks stole hundreds of millions of dollars from U.S. home owners through little-known offshore companies.
The money was then laundered through offshore corporations, and surprisingly the suit is quite explicit in identifying specific companies as well as the countries they are located in which were used to help defraud huge sums of money from Americans.
These activities are violations of the guidelines of the Federal Deposit Insurance Corporation (FDIC), New York state law, not to mention other states as well as federal law.
Continues Here 


Mr. Shife said...

We need a mulligan with the government. I know there are some decent folks out there fighting the good fight but it seems like all of the politicians are just interested in making themselves richer and screwing us over.

Galt-in-Da-Box said...

The politicians/government=middle management: The REAL power is with the bankers.

texlahoma said...

Mr. Shife - You're right, there are a lot of good people trying to do the right thing. They don't really get the attention that they deserve.

Things have just gotten so bad that this blog and many others see themselves as a kind of warning system or something, which really tends to make it very negative.

I can picture settlers going across hostile territory and the guys that are suppose to be alerting them to dangers (mainstream news) stay inside their covered wagons and tell them that everything is just fine.

But some of the settlers have newfangled binoculars and they can say "Go left, I can see some Indians up ahead on the right, and they look pissed!" That's the job I see a lot of blogs trying to do these days.
Anyway, have a good one.

Galt - I know, you're right. I wonder if anyone has invented a blue blood specific ...

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