American Banks ‘High’ On Drug Money: How a Whistleblower Blew the Lid Off Wachovia-Drug Cartel Money Laundering Scheme
A revealing examination of the games the Federal Government, D.C.-tied ‘human rights’ organizations, and the big banks play on the way to militarization of Latin America and the Caribbean.
Quotes from the story:
With headline stories across the nation exposing massive fraud and money laundering schemes infilitrating the American financial systems: how could it have been so difficult for the Feds to establish criminal intent for these lawbreakers?
Although in selected cases, a civil complaint filed by the SEC (Security Exchange Commission) is usually offered to corporations and banks that allow them to wiggle out of a criminal indictment in exchange for a fine. A civil fine is usually the norm but the bulk of wrongdoing goes unpunished.
Experts familiar with large corporations and banks that violate the law have said the fine these companies pay the government is merely the cost of doing business.
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We are currently living under government more interested in preserving the integrity of financial operations that it has investigated for fraud and money laundering. Even more appalling is the fact our government found the institutions guility of intentionally breaking the law. And still no real punishment.
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Adam Kaufman, chief of the investigative division of the Manhattan D.A. office defended the approach in the AP story, by saying, “prosecutors could have indicted low-level bank employees who handled the transactions on a daily basis. But that wouldn’t get the executives making the decisions and figuring out exactly who that is can be daunting.”
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The DA summed up what many believe is true, that banks and corporations are “too-big-to fail and too-big-to jail.”