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Old 10-10-2018, 03:56 PM   #1
st jimmy
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Default Money laundering banks

I’ve found another interesting money laundering scandal and thought this is a good moment to compile money laundering stories in one thread. In 2017, an estimated $2.1 trillion was laundered by the banks (annually).

I’m beginning to see a pattern.
Corrupt politicians, attorneys and judges never punish the top management of the banks and fine them only a small percentage of the laundered cash in the hope they can get a slice of the pie. The banks simply promise to do better (but why would they?).
The money laundering in itself is simple. It’s just a matter of making some transactions over several countries using shell companies and the authorities and banks simply claim that they don’t know what’s going on.

The following countries are hotspots of money laundering:
Britain, the British Virgin Islands;
The Netherlands, the Dutch Antilles;
USA, New York and California;
Iceland;
Cyprus;
Switzerland.

The big problem is to get the laundered money back without drawing suspicion from the media.
One way is to pay excorbitant consultancy and speaking fees (see for example Clinton).
Another way is to pay much more than the market price for real estate (see for example Trump).

Money laundering schemes inflate prices, so basically laundering money even takes away the value of our hard earned savings.
The money is used to rig elections.
The laundered money is also used to sponsor (false flag) terrorism: https://forum.davidicke.com/showthread.php?t=316186


Danske Bank - $230 billion
Last month, Thomas Borgen resigned as the CEO of Danske Bank (Denmark’s biggest bank), after it became known that from 2007 to 2015 its Estonian branch laundered more than 200 billion euros (some $230 billion).
In 2013, the first whistleblower came forward to disclose that the Estonian branch was knowingly laundering funds from Russian President Vladimir Putin’s family and the Russian security service (FSB). Since then several whistleblower followed, including one that claimed that the Estonian branch “knowingly continued to deal with a company that had committed a crime”.

Despite all of the suspect activity and these whistleblowers, Danske Bank did nothing and the money laundering continued into 2015. The Danish authorities cleared Borgen and the board of directors of any legal responsibility. 75 customers of Danske Bank are implicated, and Danske Bank’s Estonian branch handled the accounts of all 4 major companies involved in the Azerbaijani Laundromat.
According to Danish authorities, the main perpetrators were the Russian and Azerbaijani “Laundromat” operations.
During the period 2007-2013, 44% of all deposits at Danske Bank’s Estonian branch came from foreigners (approximately 10,000 of the branch’s customers). Between 2007 and 2015, these customers conducted 7.5 million transactions of about 200 billion euros.

Legal action against Danske Bank is expected in Denmark, the UK, and the US (no doubt without consequences for the higher management or involved politicians).
In 2015, the European Union passed legislation to convince the gullible public that something is done against the “criminals”, but in reality the money laundering will continue: https://foreignpolicy.com/2018/10/08...nancial-crime/
(archived here: http://archive.is/QdR2Y)


Madis Reimand, the head Estonia’s financial intelligence unit of Danske Bank, said his office had already found suspicious Azerbaijani cash flows in 2013.

The Azerbaijani “Laundromat” used a series of shell companies to disguise the origin of $2.9 billion (£2.2 billion) that is suspected to come from Azerbaijani President Ilham Aliyev. Large sums came via the state-owned International Bank of Azerbaijan.
The 4 firms at the centre of the Azerbaijani Laundromat were all limited partnerships registered in the UK: Metastar Invest; Hilux Services; Polux Management; and LCM Alliance. Their corporate “partners” are anonymous entities based in the British Virgin Islands, Seychelles and Belize tax havens.

They used the Azerbaijani Laundromat to bribe prominent politicians, buy luxury goods, and launder money through a network of British shell companies.

Luca Volontè received more than €2 million via his Italian-based Novae Terrae foundation. Volontè has been indicted in Milan for money laundering and corruption.

In 2014, former CNN producer Eckart Sager (based in London), received nearly €2 million from the British companies. His PR company has promoted the Azerbaijani government and denied that Baku did anything wrong in the Volontè case.

Eduard Lintner, German MP until 2010, founded the Society for the Promotion of German-Azerbaijani Relations, which received €819,500. A €61,000 payment was made 2 weeks after Lintner returned to Berlin from a trip to Azerbaijan where he “monitored” the country’s 2013 presidential election. Lintner said the election was up to “German standards” while official election observers found “significant problems”.

In 2016, the Bulgarian Kalin Mitrev was appointed to the board of the European Bank for Reconstruction and Development (based in London). Mitrev received at least €425,000 for consultancy from a local Azeri company, Avuar Co. Mitrev’s wife, Irina Bokava, is the director general of Unesco that awarded the Mozart Medal to Azerbaijan’s first lady and vice-president Mehriban Aliyeva: https://www.theguardian.com/world/20...obbying-scheme
(archived here: http://archive.is/sOJLg)


Azerbaijani partners in crime of US president Donald Trump since 2012, in a project to build a Trump Tower in Baku, also appear in the Laundromat scheme.
The $35 million project was controlled by Baku XXI Century of Elton and Anar Mammadov, the brother and son of the country's transport minister Ziya Mammadov. They hold seats in parliament and have ties to Azerbaijani President Aliyev.
The Mammadovs’ Baghlan holding company is linked to Laundromat transactions.

Ziya also has connections to Iran's Islamic Revolutionary Guard and with Iraq-Iran war veteran Keyumars Davishi, the chairman of a company which Mammadov awarded transportation contracts to in 2008.
In February 2017, defense and intelligence officials warned the White House against designating Iran's Islamic Revolutionary Guard as a terrorist organisation.

Anar founded The Azerbaijan American Alliance. Between 2011 and 2015, he spent almost $13 million for lobbying in the US.
Anar Mammadov lives in London and considers Ivanka Trump a “dear friend” (see them together).


In October 2014, Ivanka Trump toured Trump Tower Baku that was scheduled to open in 2015. Ivanka wrote that she had “overseen” the project. For some reason the hotel never opened despite being almost completed.
In December 2016, before he was inaugurated, Trump cut his connection with the project: https://www.dailymail.co.uk/news/art...deal-ever.html
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Last edited by st jimmy; 10-10-2018 at 05:03 PM.
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Old 10-10-2018, 05:03 PM   #2
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Global Laundromat – 20 billion
In the “Global Laundromat”, between 2010 and 2014, at least $20 billion of Russian money was laundered; Deutsche Bank again played an important role.
In this scheme the Latvian bank Trasta Komercbanka was used as a last point before the money was transferred across the globe. Trasta needed a corresponding Western financial institute to process its dollar-denominated transactions.
Two German banks became corresponding banks for Trasta: Deutsche and Commerzbank.

There are of course connections from the Global Laundromat to Vladimir Putin.
The Russian RZB bank was a major player in this multibillion rouble fraud. This Moscow bank wired 152.5 billion roubles (about $5 billion) to the Moldovan Moldinconbank from 2012 to 2014.
Moldinconbank received most of the wires from Russian banks and then routed the money through the Latvian Trasta Komercbanka, which transferred it to Europe.
Until 2011, RZB belonged to Elena Baturina, wife of the former mayor of Moscow, Yury Luzhkov. In 2010, Luzhkov was ousted by President Putin, and the next year Baturina also lost RZB.

In 2011, 6 Cyprus companies became the owners of RZB.
One of them – Boaden Ltd, which controlled 16.35% of RZB – was owned by St. Petersburg businessman Alexander Grigoriev, who became the corporate director of RZB.
Grigoriev brought a new management team to RZB, which included Igor Putin, Vladimir Putin’s cousin, who served on RZB’s board until 2014.
Grigoriev and Igor Putin share several connections.
Igor Putin also was a board member of construction company SU-888, where Grigoriev is a majority shareholder.
Igor Putin was also a board member of Promsberbank, in which Grigoriev owned a share.

In 2013, Grigoriev acquired another Moldovan bank, Zapadniy.
Zapadniy opened correspondent accounts in Moldindconbank and also became involved in transferring money from Russia to Moldova.
Ilya Lomakin-Rumyantsev, who became CEO of Zapadniy had been head of Putin’s Presidential Expert Department in 2009-2011.

In 2014-15, regulators stripped Alexander Grigoriev from his banking licences:
https://www.reportingproject.net/the...ins-cousin.php


It’s hypocritical to blame the whole Laundromat on Russian and German banks, going as far as labelling it the “Russian Laundromat” when British banks were arguably taking most of the action, with HSBC bank as THE major player.
Other banks involved in the Laundromat: HSBC, Bank of America, JP Morgan, Standard Chartered, Lloyds, UBS and ING.


HSBC Russia - $80 billion
UK banking giant HSBC (HQ London) is in a league of its own.
At least $20 billion (possibly $80 billion) was moved out of Russia between 2010 and 2014 in the money-laundering operation dubbed “The Global Laundromat”.
HSBC processed $545.3 million in Laundromat cash, mostly routed through its Hong Kong branch.

Several of China’s state-controlled banks have processed hundreds of millions of US dollars from this money-laundering operation run by Russian “criminals” with links to the Russian government and spy agency FSB.
The 5 largest Chinese banks processed more than $1 billion. Bank of China processed $716 million of the Laundromat cash, making it the fourth most active bank in the plot.
Laundromat also included the Chinese banks: China Construction Bank Corporation, Industrial and Commercial Bank of China (ICBC), Bank of Communication and Agriculture Bank of China.
Hong Kong’s Hang Seng Bank is also implicated.

Credit Suisse, Citibank and Falcon Private Bank have also processed dirty money through their Chinese branches.
The OCCRP investigation shows that $20 billion found its way to 96 countries, with about $915 million ending up in mainland China, and $927 million in Hong Kong: http://www.atimes.com/article/chines...undering-scam/

Other UK banks involved in the “The Global Laundromat” are: the Royal Bank of Scotland, Barclays and Coutts.
It involved 1,920 transactions totalling nearly £600 million that went through UK banks, with a further 373 million routed through US banks: http://www.independent.co.uk/news/bu...-a7640861.html

More banks involved in the Laundromat: Bank of America, JP Morgan, Deutsche Bank, Standard Chartered, Lloyds, UBS and ING (from the Netherlands).
According to OCCRP, the scheme allowed tens of billions of dollars to be moved out of Russia, involving roughly 70,000 transactions from 2011 to 2014.
According to prosecutors in Moldova, at least $22 billion was laundered as part of the scheme.
They are investigating 16 judges, 4 employees of Moldova’s central bank and 9 commercial bank employees over involvement in the money laundering operation.
500 people are suspected of being involved, including many wealthy and influential Russians.
French bank BNP Paribas pleaded guilty in 2014 to violating US money laundering laws by helping clients dodge sanctions on Iran and Sudan: http://money.cnn.com/2017/03/24/news...-global-banks/

Here’s a short explanation of this scam.
Two front companies are set-up in the UK, which allow the owners behind them to remain secret.
Company 1 makes a huge loan to company 2, a Russian company guarantees the loan, and a Moldavian straw man is included as co-guarantor for the loan.
UK-company 2 refuses to pay the loan back to company 1.
UK-company 1 sues in a Moldavian court to get back the loan.
The judge orders the Russian guarantors to pay the sum, typically in the range of $100-800 million.
The Russians transfer the money to a bank account in Latvia, and the court order has made this money clean: http://www.independent.co.uk/atom/4009236


HSBC Mexico/Columbia - $670 billion
HSBC Holdings Plc’s agreed on a $1.9 billion settlement with the US to resolve charges it failed to monitor more than $670 billion in wire transfers and more than $9.4 billion in purchases of US currency from HSBC Mexico, allowing for money laundering.
HSBC also violated US economic sanctions against Iran, Libya, Sudan, Burma and Cuba.
HSBC paid a $1.256 billion forfeiture and $665 million in civil penalties.
The deal was approved by a federal judge: https://www.bloomberg.com/news/artic...ndering-accord

A report by the US House financial services committee dated 11 July 2016 shows that UK Chancellor of the Exchequer George Osborne, warned the US against prosecuting HSBC, because it could lead to a “global financial disaster”.
The US government decided not to pursue criminal charges against HSBC for laundering hundreds of millions of dollars (and not reviewing transactions worth over $200 trillion). The HSBC settled the case for $1.92 billion
According to the committee the UK interventions “played a significant role in ultimately persuading the DoJ not to prosecute HSBC”.
Here's the 288 page report of the committee that consists mostly in the written mails and documents that led to the settlement: http://financialservices.house.gov/u...oi_tbtj_sr.pdf

The most interesting from this report is the letter by UK Chancellor of the Exchequer George Osborne to US Fed chairman Ben Bernanke dated 10 September 2012 (pages 42-45), see the picture.



The settlement agreement between the DoJ and HSBC of November 2012 is also interesting (pages 73-151), see the following excerpts:
Quote:
10. There were at least four significant failures in HSBC Bank USA's AML [Anti-Money Laundering] program that facilitated the laundering of drug trafficking proceeds through HSBC Bank USA:
a. Failure to obtain or maintain due diligence or KYC information on HSBC Group Affiliates, including HSBC Mexico;
b. Failure to monitor over $200 trillion in wire transfers between 2006 and 2009 from customers located in countries that HSBC Bank USA classified as "standard" or "medium" risk, including over $670 billion in wire transfers from HSBC Mexico;
c. Failure to monitor billions of dollars in purchases of physical U.S. dollars ("banknotes") between June 2006 and July 2009 from HSBC Group Affiliates, including over $10.5 billion from HSBC Mexico; and
d. Failure to provide adequate staffing and other resources to maintain an effective AML program.
(…)
16. From 2006 to 2009, HSBC Bank USA knowingly set the thresholds in CAMP so that wire transfers by customers, including foreign financial institutions with correspondent accounts, located in countries categorized as standard or medium risk would not be reviewed. Only transactions that involved customers in countries rated as cautionary or high risk were reviewed by CAMP. During this period, HSBC Bank USA processed over 100 million wire transfers totaling over $300 trillion. Over two-thirds of these transactions involved customers in standard or medium risk countries. Therefore, in this four-year period alone, over $200 trillion in wire transfers were not reviewed in CAMP.
(…)
18. Despite this evidence of the serious money laundering risks associated with doing business in Mexico, from at least 2006 to 2009, HSBC Bank USA rated Mexico as standard risk, its lowest AML risk category. As a result, wire transfers originating from Mexico were generally not reviewed in the CAMP system, including transactions from HSBC Mexico. From 2006 until April 2009, when HSBC Bank USA raised Mexico's risk rating to high, over 316,000 transactions worth over $670 billion from HSBC Mexico alone were excluded from monitoring in the CAMP system.
(…)
63. From at least 2000 through 2006, HSBC Group knowingly and willfully engaged in conduct and practices outside the United States that caused HSBC Bank USA and other Financial institutions located in the United States to process payments in violation of U.S. sanctions. To hide these illegal transactions, HSBC Group altered and routed payment messages to ensure that payments violating IEEPA, TWEA, and OFAC regulations cleared without difficulty through HSBC Bank USA and other U.S. financial institutions in New York County and elsewhere. The total value of OFAC-prohibited transactions for the period of HSBC Group's review, from 2000 through 2006, was approximately $660 million. This includes approximately $250 million on behalf of Sanctioned Entities in Burma; $183 million on behalf of Sanctioned Entities in Iran; $169 million on behalf of Sanctioned Entities in Sudan; $30 million on behalf of Sanctioned Entities in Cuba; and $28 million on behalf of Sanctioned Entities in Libya.
(...)
7. As a result of the Bank's conduct, including the conduct set forth in the Statement of Facts, the parties agree the Department could institute a civil and/or criminal forfeiture action against certain funds held by the Bank and that such funds would be forfeitable pursuant to Title 18, United States Code, Sections 981 and 982. The Bank hereby acknowledges that at least $881,000,000 was involved in transactions, in violation of Title 18, United States Code, Sections 1956 and 1957; and that at least $375,000,000 was involved in transactions in violation of Title 50, United States Code, Appendix, Sections 3, 5 and 16 and the regulations issued thereunder, or Title 50, United States Code, Section 1705 and the regulations issued thereunder. In lieu of a criminal prosecution and related forfeiture, the Bank hereby agrees to pay to the United States the sum of $1,256,000,000 (the "Forfeiture Amount"). The Bank hereby agrees the funds paid by the Bank pursuant to this Agreement shall be considered substitute res for the purpose of forfeiture to the United States pursuant to Title 18, United States Code, Sections 981 and 982, and the Bank releases any and all claims it may have to such funds.

Wells Fargo- $380 billion
The Wachovia Bank was accused of laundering $380 billion in Mexican drug money.
Wachovia was acquired by Wells Fargo in late 2008. Wells Fargo settled the case for $160 million and promised to never do it again.
3.5 million unauthorised bank accounts were created for this scam.
No large US bank has ever been indicted for violating the Bank Secrecy Act or any other federal law. Instead, the Department of Justice (DoJ) settles criminal charges with deferred-prosecution agreements, in which a bank pays a fine and promises not to break the law again...
The mere possession of a small amount of drugs can get you sentenced to years in prison, but laundering hundreds of billions of dollars? A fine of a small percentage of the money laundered and the promise to don’t do it again: http://www.huffingtonpost.com/zach-c..._b_645885.html

Of course those poor people on the board of directors cannot be held accountable for laundering hundreds of billions of dollars...
Five people were convicted as scapegoats, for money laundering of a little more than $1 million.
The funds were laundered using newly created bogus bank accounts, into which proceeds were deposited. The cashier’s checks and wire transfers were made out to gold dealers.
The bank accounts were opened using the identities of individuals from Eastern Europe who were not in the USA when the accounts were opened: https://www.justice.gov/opa/pr/forme...trademark-scam


Rabobank Calexio Mexico
In the first of a series of purchases of US regional banks, the Dutch Rabobank (that was involved in a plot to murder me by simply blocking my bank accounts) acquired Valley Independent Bank in 2002 and its two dozen branches. This included one in Calexico - located on a major border crossing with Mexico.
The deposits of the Calexico office from 2008 to 2013 rose 39% to $153 million.
So many US dollars were deposited that they needed weekly armoured truck (sometimes more) to transport all the cash.

Rabobank recruited Laura Akahoshi, a 10-year veteran of the Comptroller’s office responsible for watching the banks, for compliance officer to solve problems with the authorities.
Akahoshi left the US to work in Rabobank’s headquarters, according to her LinkedIn profile, and later moved on to a special assignment in Asia...

Rabobank in California got rid of 3 of the 9 people monitoring money laundering. Each remaining worker went from checking about 25 transactions a day to more than 75 (about 6 minutes per transaction).
Eventually the Rabobank compliance team was consolidated at its Roseville office in the centre of the state, leaving no one on in Calexio: https://www.bloomberg.com/news/artic...-over-rabobank
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Old 10-10-2018, 05:05 PM   #3
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HSBC whistleblowers
I’ve also searched for “whistleblowers” on the Hongkong and Shanghai Banking Corporation (HSBC or Hongshang bank). No less than 3 supposed “whistleblowers” popped up, who look like “limited hangout operations” to me. Two of them are trying to sell their whistleblowing credentials by entering politrics...

The most attention is given to the French-Italian Hervé Falciani, who supposedly copied confidential information on 300,000 secret Swiss bank accounts without it being noticed. Falciani was sentenced to 5 years in jail in Switzerland for violating the Swiss bank secrecy.
While he boasts being arrested in France and Spain, he’s supposedly out of reach of the Swiss authorities by staying in France. Falciani said that being locked up for five and a half months in Spanish jail was part of his grand design in which he was helped by “the Network”.
Falciani’s story even involved being kidnapped by Mossad agents, but he has later admitted that this tale was “real fake”: http://www.newyorker.com/magazine/20...iss-bank-heist

Of course I hope the wonderful “Network” will save the day, but have no reason whatsoever that something similar to “the Brotherhood” of George Orwell’s 1984 is for real…

Another “whistleblower” is Sue Shelley, who until 2013 was an HSBC executive vice-president in charge of compliance in Luxembourg.
An executive vice-president in charge of compliance for a big bank was enough for me to not take Sue seriously…

I can’t rule out that Wilson is for “real”…
British politician Nicholas Wilson uploaded a video in which he was “shut down” by Home Secretary Amber Rudd, when he made a political speech. He talked about how HSBC is involved in the arms trade to Saudi Arabia: https://youtu.be/TEcMW6RmC_w


UBS, Birkenfeld
I think I’ve found a “real” whistleblower in the American Bradley Birkenfeld, who blew the whistle on the Swiss banking giant UBS. He made 30 names of the rich clients with secret Swiss bank accounts known to the US government, only one of these has been charged and publicly named.
Whistleblowers are really dangerous, so Birkenfeld was jailed for two and a half years for helping his clients “evade taxes”. After being released in August 2012, he had to remain in the USA wearing an electronic ankle-tag until November 2015, before he moved to Malta.
His information is hampered, because he is convinced that it’s all about tax evasion, instead of money laundering.

Most (if not all) of his clients and superiors at UBS got off without prison time.
Birkenfeld got a nice pay check for helping the US government get hundreds of millions in back taxes. According to some whistleblower policy he was entitled to 30% of the profits, which amounted to $104 million minus taxes leaving him with a pay check of $75 million net (he claims that he’s entitled to much more).

Bradley Birkenfeld, worked as Head of Business Development for North America out of Geneva, Switzerland for UBS from 2001 to 2006. In 2007, Birkenfeld offered to help US authorities with information about how the UBS had helped thousands of Americans evade taxes.

Maybe the most interesting is how he helped the Russian immigrant, Californian real-estate billionaire Igor Olenicoff, with connections to former Russian President Boris Yeltsin.
Birkenfeld detailed how he bought and smuggled diamonds to the USA for Olenicoff in a toothpaste tube.
He deliberately destroyed offshore bank records on behalf of clients and helped Olenicoff with offshore assets worth $7.26 billion.
Olenicoff was looking at serious time in jail, but pled guilty to one count of filing a false tax return. This deal kept him out of prison and he only got 2 years of probation, and had to pay $52 million in back taxes.

UBS bankers assisted wealthy Americans to conceal ownership of their assets by creating “sham” offshore trusts. Misleading and false documentation was routinely prepared to facilitate this.
It is a system that connects Wall Street and the City of London to Liechtenstein, Panama and the British Virgin Islands - all places where Birkenfeld parked cash for his clients.
As a result of Birkenfeld’s leak, UBS was forced to turn over to the IRS the account details of more than 4700 clients in the USA of the 19,000 illegal account holders, and paid a fine of $780 million in 2009: https://www.theguardian.com/business...29/ubs.banking

Birkenfeld bought and smuggled diamonds for Olenicoff. I suspect that these were paid for with dirty money.
If a multibillionaire has millions worth of diamonds or art in his house, this wouldn´t necessarily be suspicious. I can´t tell if this is already enough to have the money laundered...
Creating “sham” offshore trusts could be used to hide money from the IRS, but these types of constructions are also used for money laundering...

Birkenfeld says he's looking for revenge, because he was locked up for so long, where nearly everyone else involved got off with light penalties or none at all.
Of the tens of thousands of Americans who hid money overseas, only a handful were indicted or charged. Fewer than 50 American clients of offshore banks have been sentenced in the USA since the Birkenfeld revelations. One received a 19-month sentence, only a few have gone to jail, and nearly 30 were given no jail time at all.
All of his bosses made secret non-prosecution agreements. When the head of the private bank, Raoul Weil, was indicted, he escaped and was arrested in Italy on an Interpol arrest warrant. Weil was acquitted in about 30 minutes because Birkenfeld wasn’t allowed to testify in his court case.
Billionaire Ty Warner — one of the few Swiss bank clients whose name has been made public —was sentenced to probation without jail time.

Birkenfeld saw clients coming into the bank with a million dollars in a suitcase. Specialised couriers brought cash into Switzerland and deposited it in the clients´ bank account. Many clients tore up receipts of a deposit on the spot.
The best banknote for cash transactions is the 1000 Swiss franc bill - "The largest note in the world, I mean, you could put a half a million dollars in your pocket, no problem”.

UBS was making $200 million for 8 years, that´s a total of $1.6 billion; and only got fined $780 million.
Birkenfeld offered the DoJ to wear a wire to record conversations with bankers and clients. He said he turned over the names, cell phone numbers and preferred US hotels of UBS banksters. He offered to help the DoJ with the investigation. But the Department of Justice (DoJ) covered up this case.

The Swiss government and UBS are really one organisation. The bank was protected but the clients, colleagues and shareholders were not.
Back in 2004, UBS was sending illegal wire transfers of millions of dollars to Cuba, Libya, and Iran. The US government fines them $100 million and no one goes to jail. UBS promised to do better.
In 2012, UBS is fined $1.5 billion for the Libor scandal.
In 2015, UBS was fined $545 million for foreign exchange manipulation.

Birkenfeld has not publicly named most of his clients at UBS, although he provided that information to the government.
Birkenfeld did expose Abdul Aziz Abas, who had $420 million in six numbered accounts and lived in a $50 million condo in New York City. Abas was doing illegal oil sales with Saddam Hussein. The DoJ did nothing about Abas, because he was best friends with Rudy Giuliani and Raymond Kelly (Commissioner of NYPD).

The most secret category of American client is the Politically Exposed Person (PEP).
Birkenfeld does not know any names of American political figures who had secret accounts in Switzerland, or how many there were.

According to Birkenfeld the Panama papers are an orchestrated leak by some intelligence agency (like the CIA or KGB) as it is impossible for any whistleblower to get his hands on 11.4 million documents: http://www.valuewalk.com/2017/04/bra...eld-ubs/?all=1


Barack Obama, back in the days he was Senator Obama, was on the Senate committee investigating UBS. At the time they were investigating UBS, he accepted millions of dollars from UBS for his Presidential campaign.
In August 2009, on the first Sunday after Birkenfeld was sentenced to prison, Obama’s golfing partner was Robert Wolf, Chairman of UBS Americas.
When Obama paid $1.4 billion in cash to the State of Iran, the money was sent in cash on a private jet from Geneva, Switzerland. So obviously President Obama had access to Geneva bank accounts.

Eric Himpton Holder Jr. served as the 82nd Attorney General under President Obama from 2009 to 2015.
In 2001, after having served as deputy Attorney General under Janet Reno, Holder started his private law practice, in which he represented UBS.

Secretary of State Hillary Clinton was also involved in covering up this affair.
Until 2008, UBS donated less than $60,000 to the Clinton Foundation.
After Hillary intervened to help UBS out with the IRS and announced the legal settlement, Bill Clinton was paid a whopping $1.5 million for speaking engagements, while the donations to the Clinton Foundation grew to about $600,000 by the end of 2014.
UBS also helped the Clinton Foundation launch some inner-city development programs, by lending $32 million at very reasonable rates.
The Swiss government also donated gave $500,000 to the philanthropic Clinton Foundation while they were negotiating the settlement with UBS: http://www.caribbeannewsnow.com/tops...nks-27114.html


Because Birkenfeld was not happy with his job, he began to copy and hide internal UBS documents in Switzerland, France and the United States.
Here are the UBS documents that Birkenfeld put on his website: https://lucifersbanker.com/ubs-documents/


Martin Liechti, the former head of UBS wealth management for the US and the Western Hemisphere, received a non-prosecution agreement. As a result, Liechti never spent a day in prison, probation or supervised release.
Here´s the non-prosecuting agreement between the DoJ and Martin Liechti of 2 July 2008: https://lucifersbanker.com/wp-conten...nt-Liechti.pdf

Here´s the deferred prosecuting agreement of the DoJ with UBS of 2009, where they settled the case for $780 million: https://www.justice.gov/sites/defaul..._Agreement.pdf

This brings me back to the current Secretary of Labor, Alexander Acosta, who as US Attorney made the deals with UBS
Acosta oversaw the settlement with UBS, a bank from Switzerland which helped 20,000 Americans with assets of about $20 billion evade taxes. The bank paid $780 million and agreed to hand over the names of “some of their clients”: http://www.washingtonpost.com/wp-dyn...021802541.html


Israel Discount Bank - $35 billion
On 31 January 2006, a controlling interest in the Israel Discount Bank (IDB) was acquired by an investor group led by Matthew Bronfman (younger brother of Edgar Bronfman Jr.) - $300 million for a 26% stake, with an option on a further 25%. The deal gave Bronfman ownership of IDB's wholly owned subsidiary, the Israel Discount Bank of New York.

Regulators approved the deal after the IDB bank agreed to pay $25 million to settle a money-laundering probe of its New York unit. On 17 December 2005, the New York Times reported that some $2.2 billion of illegal funds had been transmitted from Brazil through the IDB in New York (IDBNY).

The Jerusalem Post reported on 2 November 2006, that the scale of money-laundering going on at the Israeli bank was much, much larger than the Brazil case reported in the New York Times.
A "substantial" part of $35.4 billion in third-party wire transfers during the year ended March 2005 showed traits common to laundering operations. This $35 billion of “not monitored” transactions was settled for $12 million: http://www.fourwinds10.com/siterun_d...p?q=1230169460
(archived here: http://archive.is/i6Yus)
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Old 10-10-2018, 05:06 PM   #4
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ABN Amro - $3.2 billion
No surprises here, my former employer ABN AMRO bank has been involved in money laundering...

In 2007, the Dutch ABN AMRO Bank was bought by a trio of banks, Royal Bank of Scotland (RBS), Fortis and Banco Santander.
RBS was fined in 2010 for the past activities of ABN AMRO’s New York branch. RBS agreed to forfeit $500 million in connection with a conspiracy to defraud the USA, violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA), as well as a violation of the Bank Secrecy Act (BSA).

ABN AMRO implemented procedures to flag payments involving sanctioned countries so that ABN AMRO could delete problematic text to process transactions with countries in violation with the laws of the USA.
From approximately 1995 to December 2005, offices and affiliates of ABN AMRO removed or altered names and references to sanctioned countries from payment messages. ABN AMRO’s New York branch office intentionally failed to establish an adequate Anti Money Laundering (AML) program.
According to assistant Attorney General Breuer:
Quote:
ABN AMRO facilitated the movement of illegal money through the U.S. financial system by stripping information from transactions and turning a blind eye to its compliance obligations. It is essential that financial institutions both large and small properly monitor the origins of funds flowing into our financial system. When financial institutions fail to do so, and, even worse, manipulate information in order to profit from prohibited transactions, they will be held accountable.
Multiple high-risk shell companies and foreign financial institutions were used to launder money through the USA. More than $3.2 billion dollars involved shell companies and high risk transactions with foreign financial institutions through ABN AMRO NY.
In December 2005, ABN AMRO pleaded guilty and paid penalties: https://www.justice.gov/opa/pr/forme...defraud-united

Correspondent accounts allow foreign banks to move funds into the US without a US branch, by paying fees to a host bank that has a US banking license.
The Justice Department investigated $885,000 in transfers from Latvia through ABN AMRO in NY that were part of evading Russian taxes. That and similar transactions are part of a broader pattern of fraud, tax and money laundering involving millions of dollars, passed through ABN AMRO NY and banks in Russia and Eastern Europe.
ABN AMRO had to cut off its correspondent banks in Cyprus, an offshore banking centre that caters to the Russian market.
ABN AMRO didn’t check if customers were foreign shell banks used for money laundering and tax evasion: http://www.shadowfed.org/wp-content/...wartz_1104.pdf


In 2005, International Strategies Group (ISG) from Hong-Kong-based accused ABN AMRO of helping First Merchant Bank from the Turkish part of Cyprus to swindle it out of $16.7 million.
ABN AMRO NY was a “turn-key” operation for international money launderers.
ABN AMRO’s New York office handled First Merchant’s business despite a warning from the Central Bank of Cyprus against First Merchant’s chairman, Hakki Yaman Namli. Namli was wanted by Italian police for laundering $50 million.

It sort of went like this: 1) Money comes from New York; 2) is sent to First Merchant Bank in Cyprus; 3) Money is sent across the globe.
The money was often send to countries with lax banking regulations, like Saudi Arabia, Chile, Luxembourg, Liechtenstein and Latvia, which are part of Russian money laundering activities: http://nypost.com/2005/05/11/banks-i...cyprus-client/


In 2015, federal prosecutors fined ABN AMRO $80 million for money-laundering and violating federal restrictions on deals with Iran and Libya; $40 million to the Federal Reserve, $20 million to New York’s bank regulator, $15 million to Illinois’ bank regulator, and $5 million to Illinois bank examiners’ education fund.
ABN AMRO falsified payments recorded at its US branches to camouflage transactions with Bank Melli Iran and the Arab Bank for Investment and Foreign Trade (owned in part by the Libyan government).
ABN AMRO modified wire transfers and letters of credit in order to obscure any references to the Iran and Arab banks.
This involved suspect Russian and US bank accounts.
The transactions were carried out by the Dubai branch of ABN AMRO between 1997 and 2004: https://www.law360.com/illinois/arti...undering-probe


In 2015, ABN AMRO was also fined €625,000 ($682,000) by the De Nederlandsche Bank (DNB, the Dutch central bank) and a further $640,000 (€586,000) by the Dubai Financial Services Authority.
The Dubai branch of ABN AMRO took part in high risk transactions that could facilitate money laundering.
Suspect customers deliberately opened an account at the private bank to escape strict supervision. Most of the fraudulent customers came from India by way of the banks subsidiaries: http://nltimes.nl/2015/11/04/abn-amr...otection-dubai

In 2013 ABN AMRO was fined by the DNB for breaking anti-money laundering rules in connection with housing corporation Vestia for a mere €27,000: http://www.dutchnews.nl/news/archive...d_abn_amro_ov/


In December 2008 ABN AMRO was taken over by the Dutch State.
Since the end of 2015, the State has been selling shares ABN AMRO mostly to institutional parties below the market price. To protect ABN AMRO from a hostile takeover, technically speaking the shares aren’t even sold.
The Dutch State still owns 63% of ABN AMRO bank…


ING Bank - billions
Last month, the biggest financial institution of the Netherlands, the ING Groep with more than 52,000 employees in over 40 countries, has admitted that between 2010 and 2016 it helped “criminals” in laundering millions of Euros of dirty money. ING boasted €4.9 billion in profits in 2017.
Coincidentally ING Bank handles the bank accounts for the Dutch government.

The ING Groep settled the case for a fine of 675 million Euros and 100 million as a reimbursement for the gains, totalling 775 million Euros ($900 million).
CEO Ralph Hamers said the bank "takes full responsibility" for not preventing money laundering by “criminals”.

Two years ago, financial investigators started their investigation after they noticed that many “white-collar” criminals held bank accounts at the ING Bank.
The Dutch prosecutor concluded that clients could use accounts for criminal activities “virtually undisturbed”. ING NL didn’t monitor suspicious transactions.

In one case a women's underwear seller in Curacao laundered €150 million through a bank account at ING: "It should have been clear to the bank that the monetary flows had little to do with the lingerie trade”.

In 2012, in another case, ING paid a penalty of $619 million for facilitating billions of dollars worth of payments through the US banking system for Cuban and Iranian clients in violation with sanctions banning transactions with Cuba, Iran, Myanmar and Sudan: https://www.channelnewsasia.com/news...probe-10684244
(archived here: http://archive.is/vzskK)

Lead prosecutor Margreet Frohberg stated:
Quote:
We had various ongoing criminal investigations and ING bank accounts cropped up repeatedly.
Since 2008, ING was repeatedly warned, but it failed to take sufficient measures to stop the practice.
ING Bank was involved in money laundering for international telecommunications VEON, formerly VimpelCom (using an account of its subsidiary Watertrail), that "transferred bribes worth millions of dollars via its bank accounts with ING to a company owned by the daughter of a former Uzbek president".
In 2016, VEON settled US charges for $795 million after it paid $114 million in bribes to a government official in Uzbekistan.

According to ING’s CEO Ralph Hamers no individual at the bank is responsible for the failures, or has personally benefited, but it had taken measures against around 10 employees anyway.
The Dutch authorities won’t prosecute a single employee of ING, but instead ING has promised to do better, which involves giving the authorities even more confidential information on their clients: https://uk.reuters.com/article/uk-in...-idUKKCN1LK0CY
(archived here: http://archive.is/mjY18)


In one of those strange coincidences I have a bank account at ING since 2015 that last month sent me a letter that the new policy is that I should do my bank transaction only with the smartphone app...

VEON (Vimpelcom) is part of the Russian Alfa Bank that was communicating with the Spectrum Health of the DeVos family and the Trump Organization in 2016 during the US presidential election: https://www.lawfulpath.com/forum/vie...start=60#p4908

ING’s chief financial officer Koos Timmermans had to resign in the wake of the scandal.
He was forced by former Minister, and director of Royal Dutch Shell Hans Wijers, as chairman of the supervisory board of the ING Groep since 2017: https://www.dutchnews.nl/news/2018/0...ering-scandal/

Prosecutors detailed several examples of misused accounts.
In one case a one-man-company in building materials without address in the Netherlands had a business account at ING NL with 15 ATMs linked to it in Surinam. A total of 9,000,000 Euros of criminal money ran through bank accounts at ING NL, but not to pay for any building materials. In reality the terminals in Suriname were used to withdraw cash money.
ING NL did little to investigate the client and the transactions weren’t properly monitored.

In another case, in a little more than a year, 500,000 Euros in cash was deposited in ING bank accounts of 2 connected companies. These were supposedly importing fruit and vegetables from South America as their cover for money laundering.
In total, the ING noticed only one suspicious transaction that was reported much too to the Financial Intelligence Unit, FIU (in Dutch): https://www.om.nl/@103953/ing-betaalt-775/
(archived here: http://archive.is/fukim)

Another interesting company is EY that was the accountant for both Vimpelcom and ING when the money laundering was happening.
EY has denied knowing anything, refused to settle the case and is expected to be taken to court by the Dutch authorities (in Dutch): https://www.accountant.nl/nieuws/201...-verdachte-fd/
(archived here: http://archive.is/0wN76)


Consultancy fees and speeches
After the “dirty” money has been washed clean, the money has to be funnelled back to the drug trafficking elite.
This can be done by paying ridiculous wages, like half a million for a part-time job like corporate director, or bizarre amounts in consultancy fees, and best of all, hundreds of thousands of dollars for speeches.

Former President Bill Clinton earned more than $16.3 million for 72 speeches in 2012 alone, and combined with Hilary Clinton - the couple have made $25 million since the beginning of 2014 and $130 million since Bill left the White House (not even counting Chelsea). On average they earn around $200,000 per appearance. Bill Clinton made $750,000 for one speech in Hong Kong to Swedish telecom giant Ericsson.
Another former President, George W. Bush, gets up to $175,000 per speech, and George Jr. even collected $100,000 to speak at a charity fundraiser for wounded US military veterans (so the “charity” was really the poor Bush family).

Former British Prime Minister Tony Blair got an estimated £2 million salary at JP Morgan for consultancy. Blair got as much as $300,000 per speech. In two half hour speeches in the Philippines in 2012, Blair was paid close to £400,000 (or over £6,000 a minute).
Former French President, Nicolas Sarkozy got €250,000 to speak at a conference by Morgan Stanley.

Former Fed chairman, Alan Greenspan reportedly received $250,000 for a speech in 2004.
Former Fed chairman, Ben Bernanke reported a $250,000 fee for a speech in Abu Dhabi in 2014: http://www.cityam.com/221317/forget-...make-big-bucks

Donald Trump was caught in one of his (many) blatant lies, when he claimed that he was paid $1.5 million per speech by the Learning Annex in 2006, 2007.
He later stated that they had paid him approximately $400,000 per speech. Donald Duck explained that the promotional campaign, that included himself, made his pay worth more than $1 million to himself: https://www.buzzfeed.com/andrewkaczy...PRQ#.oqAGQgnN9

In reality Donald wasn’t paid only for his speeches, but also for taking part in the advertising campaign.
I can’t even believe that they paid Trump $400,000 for every speech though.
But I also have a hard time believing that Donald is US president and only now realise that my wages when I worked for a big bank were much too low, so never mind poor old me...
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Old 11-10-2018, 10:00 AM   #5
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Baronoff – Trump Organization
Elena Baronoff was a former Russian Spy. She had originally come to USA as a “Cultural Attaché in Public Diplomacy for the Russian Government”, a title used in the 1980’s by Russian spies that infiltrated business circles.
Her job was to introduce Russians from all over the world to the Trump organization — to help them launder their money by buying real estate.
Reuters Reported that many people involved in Putin’s government bought real estate in Sunny Isles, but didn’t report them, to hide these money laundering activities.
Three buyers of real estate were accused in federal indictments of belonging to a Russian-American organised crime group and working for a major international crime boss based in Russia. One of them was even arrested for running a gambling and money laundering ring in the Trump tower in Manhattan: http://ania.com/2017/05/19/exclusive...launder-money/

See, Donald Jr. with the pink tie, Michael Dezer, who worked on Trump projects, in the blue sweater, Ivanka, Eric Trump with the blue tie, and Elena Baronoff on the far right.



Trump condos
Records show that more than 1,300 Trump condominiums were bought not by people but by shell companies.
Trump condo sales that match Treasury’s characteristics of “possible money laundering” totalled $1.5 billion (21% of the 6,400 Trump condos sold in the US). Half of the secretive sales – with a total value of $769 million – were made to a particularly opaque type of shell company called a limited-liability company, LLC, which FinCEN says is “inherently vulnerable to abuse”.
Trump himself signed the deed for each secretive sale at Trump Tower and collected $28 million.

Secretive Trump condo sales surged in 1997/1998 when most Wall Street banks stopped lending to Trump after his 2 Atlantic City casinos filed for bankruptcy.
From 2008 through 2012, shell companies bought 823 Trump condos with $890 million in cash – 25% of units sold. More than 87% of those sales were in Trump-licensed buildings.
Secretive sales generated $110 million between 2010 and 2013, records show. The buyers were largely LLCs that were formed just weeks or days before buying. Most of the transactions give little or no clues about the actual buyers.

In July 2016, FinCEN wrote that more than a quarter of the people who controlled the shell companies in Manhattan and Miami-Dade had at one time engaged in “possible criminal activity”.
One of Trump project’s engaged a Russia-born developer, who had been convicted of money laundering in the 1990s.

In March 2008, a Russian billionaire paid Trump $95 million for a Palm Beach, Florida, estate that Trump had bought 4 years earlier for $41 million.
On 10 September 1997, a shell company bought a condo at the Trump International Hotel and Tower in Manhattan for $2.26 million, and sold it 8 weeks later to another shell company – for $3 million (a 33% gain).
In Miami-Dade County, Florida, a shell company bought a condo in a Trump-licensed building on 12 Augustus 2010 for $956,768. The company sold the condo the same day to another shell company for $525,000.

In 1984, federal prosecutors charged Russian native David Bogatin with taking part in a massive gasoline bootlegging operation and buying five Trump Tower condos for $4.9 million to launder the proceeds. Bogatin pleaded guilty in 1987 and was released from federal prison in 1998.

After Haitian dictator Jean-Claude “Baby Doc” Duvalier had been overthrown in 1986, the Haitian government claimed that Duvalier had laundered stolen treasury funds by buying a Trump Tower apartment 54-K for $446,875 in August 1983.
Duvalier used the Panama shell company Lasa Trade and Finance to buy the apartment in cash. Trump signed the deed of sale: https://www.buzzfeed.com/thomasfrank...gg0#.cqdmzr88x
(archived here: http://archive.is/Q8N7v)


Erdogan – offshore tankers
It looks like Turkish President Recep Tayyip Erdogan was caught in some money laundering scandals.
The leader of Turkey’s main opposition party CHP, Kemal Kilicdaroglu, claims he has documents to prove that members of Erdogan’s family and their allies, in late 2011 and early 2012, transferred $15 million to offshore company Bellway Limited, registered in the British Isle of Man.
According to Kilicdaroglu, Erdogan’s brother Mustafa, his eldest son Ahmet Burak, and brother-in-law Ziya Ilgen - each paid $3.75 million into the Bellway account. Close associates reportedly also made payments to this account, including $2.25 million from Osman Ketenci (Ahmet Burak’s father-in-law), and $1.5 million from Mustafa Gündogan (Erdogan’s former private secretary).


Erdogan responded to the allegations:
Quote:
Do you have any proof of your allegations? If so, show them to the public… If Tayyip Erdogan has a penny abroad, in any bank, come out and prove it. When you prove it, I give you the guarantee that I will not stay in the Presidency one more minute.
Photos taken of Kilicdaroglu’s documents with snippets of SWIFT transactions, suggest that the money goes in the opposite direction: the Erdogans and associates didn’t pay but received millions from Bellway Limited.

The Erdogan family owns 2 other offshore company (besides Bellway Limited) - Pal Shipping Trader One Ltd in Malta, and Bumerz Limited (owned by Ziya Ilgen) on the Isle of Man.
Since around 2008, the Erdogan family has operated a network of companies from Malta to Turkey to the Isle of Man. The opaque offshore network is designed to obscure the family’s ownership of the $25 million oil tanker Agdash, built in 2007.
The bill for the Agdash tanker was paid by 2 businessmen close to the Erdogan family. The first is childhood friend of Erdogan Sitki Ayan – mentioned by Kilicdaroglu -, who provided a $7 million “loan” from his Turkish company Som Petrol. The second is Mübariz Mansimov, president of shipping conglomerate Palmali Shipping, who provided the remaining $18 million.
The Erdogans never repaid the “loans”. Instead, they leased the ship to the same billionaire Azeri-Turkish businessman Mübariz Mansimov, who had already paid millions for the oil tanker in 2007.

In November 2011, shares in the Erdogan’s Turkish company, Bumerz Denizcilik, were transferred to Bellway Limited, which was set up by Sitki Ayan using an Isle of Man service company called Equiom. Sitki’s son, Bahaddin Ayan, and employee of Sitki Ayan, Kasim Oztas, appear as directors on several companies in the offshore network - Pal Shipping Trader One, Bumerz Limited, Bumerz Denizcilik, and Bellway Limited: https://theblacksea.eu/malta-files/a...ffshore-update
(archived here: http://archive.is/B9HjT)


Erdogan – Iran
In March 2016, Reza Zarrab was arrested by FBI agents in Miami. Zarrab was very close to Recep Tayyip Erdogan. Zarrab was arrested for violating sanctions against Iran, with the support of the Erdogan administration, by buying oil and natural gas in exchange for gold.
The Minister for the Economy, Zafer Caglayan, received kickbacks of over 45 million dollars worth of cash and luxury goods from Zarrab.

When police entered the home of Süleyman Aslan, CEO of Halk Bank, which Zarrab used to launder his money, they found shoeboxes filled with 4.5 million dollars.
In March/April 2017, the FBI agents arrested Mehmet Hakan Atilla, deputy CEO of Halk Bank, when he arrived at JFK Airport, New York (obviously not concerned with legal problems…).

Zarrab fired most of his lawyers and hired Rudy Giuliani (close to President Donald) and Michael Mukasey (former US Attorney General).
In March 2017, Trump fired US attorney Preet Bharara, who had prosecuted Zarrab: http://linkis.com/www.newyorker.com/ne/GVArt


Bayrock, Sater, Arif, Khrapunov – Trump, Bush
From 1987 – 1993, when Bijan Kian was Vice President of Shearson Lehman/American Express, one Felix H. Sater worked there as a stock trader.
Felix Sater and his associate Tevfik Arif (Tofic Arifov) with their Bayrock Corporation have been partners in crime with the Trump Organization.
In 2007, Bayrock founded the Dutch front KazBay BV, which was in turn owned by the “Dutch” Bayrock BV (of Bayrock Group LLC of Sater, Arif and Trump) and the Swiss Helvetic Capital SA. KazBay was used to launder millions of dollars. It was the Bracewell & Giuliani LLP law firm of former New York Mayor Rudy Giuliani, which set-up the KazBay construction: https://zembla.bnnvara.nl/data/files/2033471528.pdf

The wife of Viktor Khrapunov was the owner of Helvetic Capital SA. Former Kazakh minister Khrapunov has been accused by the Kazakh government of embezzlement of hundreds of millions of tax money.
In 2005, Donald Trump owned 18% of Trump SoHo; Bayrock owned the rest of it. In 2013, the Khrapunov family used shell companies to buy 3 apartments in Trump SoHo for $3.1 million.

After it became public knowledge that Felix Sater had been involved in a variety of criminal activity, including money laundering, Donald Trump exploited this situation by demanding more money; see the mail of Sater of 28 January 2008: https://zembla.bnnvara.nl/data/files/3444027513.pdf


The Iceland investment fund FL-Group is a strategic partner of Bayrock. FL was funded by Russian investors close to Vladimir Putin. FL and Bayrock planned to commit tax fraud for $250 million.
The agreement between Bayrock and FL was signed by none other than Donald Trump.


From the Dutch Zembla (in Dutch): https://zembla.bnnvara.nl/nieuws/de-...rump-de-russen

Sater and a former Trump Organization colleague, Daniel Ridloff, received roughly $20 million — from a case linked to a multi-billion-dollar global money laundering scheme originating in Kazakhstan, and stretching to Russia and the USA.
Felix Sater is also connected to Neil Bush...

In 2013 a complaint filed by a Swiss financier, that accused Sater and Ridloff of absconding with nearly $43 million from the sale of the Ohio shopping mall Tri-County Mall near Cincinnati to American Pacific International Capital (APIC).
One of the directors of the San Francisco based APIC is… Neil Bush.
Bush has denied knowing Sater and says that the mall was purchased for $43 million by APIC at a public auction, and then transferred to a real estate company SingHaiyi Group based in Singapore that he chairs.

In one of those strange coincidences, Kazakhstan’s BTA Bank and the city of Almaty (Kazakhstan) accused 3 Kazakh men - Viktor Khrapunov (former Almaty mayor), his son Ilyas, and Mukhtar Ablyazov (former chairman of BTA Bank) - of disappearing with billions of dollars.
A testimony in the Khrapunov case is by Nicolas Bourg, the same Swiss financier who accused Sater and Ridloff of stealing the $43 million from the Ohio mall deal. Bourg was president of the real estate fund Swiss Development Group (SDG) that was controlled by the Khrapunov family.
The Financial Times has revealed that 3 Trump Soho condos in Manhattan were bought in 2013 with $3.1 million that came from laundering the Khrapunov billions. The beneficiary of the companies that bought the condos was Elvira Kudryashova — the California-based daughter of Viktor Khrapunov. Sater and Ridloff worked closely with Kudryashova in 2012.

In Ridloff’s Linked-In bio he refers to himself as the former vice president of SDG-Investment Fund. Bourg claimed that the shell he created in Luxembourg — Triadou — was wholly-owned by SDG. Bourg states that Triadou was also used to buy the Ohio shopping mall.
Telford International was used to fund Triadou. Telford was allegedly used to move the money to the same FBME Bank that was banned in the US due to money laundering and terror financing allegations: https://www.dcreport.org/2017/05/12/...-of-questions/
(archived here: http://archive.is/nKSQM)

Here’s a bizarre transcript from 2008, where Tevfik Arif explains how they’ve bought 2 coal fields for $400,000-$500,000 that they don’t own.
They also talk about “Khrapunov and his son” who own the coal field (if I understand correctly): https://www.scribd.com/document/3482...erpts-May-2008

In Felix Sater’s LinkedIn bio he described himself as a former “Senior Advisor to Board of Directors” to TxOil of none other than Neil Bush (TxOil once drilled in Turkmenistan).
Companies he has worked for are Mirax (2008-2010), Trump (2010-2011), TxOil (2011-2013), Regency Investment (1998-present), Rixos (2005-present), Sembol Construction (2007-present), Global Habitat Solutions (2009-present). Bayrock isn’t on this list.
Tevfik Arif owns a majority share in both Sembol and Rixos: http://assets.nydailynews.com/polopo...a11n-2-web.jpg

For more on Trump, Bayrock, Arif and Felix Sater (Michael Cohen’s long-time friend): https://forum.davidicke.com/showthre...=318321&page=2
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Last edited by st jimmy; 11-10-2018 at 10:03 AM.
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Old 11-10-2018, 01:55 PM   #6
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a good documentary was posted recently on davids headlines about how the city of london sits at the centre of the global tax evasion web

dean henderson speaks in his book 'big oil and their bankers in the persian gulf' about how many of the board members of barclays bank are knights of malta

barclays was of course involved in the LIBOR (inter-bank lending rate) interest rate rigging scandal

The Spider's Web: Britain's Second Empire (Documentary)

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Old 12-10-2018, 03:19 PM   #7
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Quote:
Originally Posted by iamawaveofthesea View Post
a good documentary was posted recently on davids headlines about how the city of london sits at the centre of the global tax evasion web
I’m no fan of videos (and watched only small snippets of it).
Because nobody reads and watches the TV and Youtube videos instead, “we” aren’t able to think (anymore?) – and this is the end of “debate”.


Quote:
Originally Posted by iamawaveofthesea View Post
dean henderson speaks in his book 'big oil and their bankers in the persian gulf' about how many of the board members of barclays bank are knights of malta

barclays was of course involved in the LIBOR (inter-bank lending rate) interest rate rigging scandal
We are made to believe that all of these scandals are incidents that aren’t connected. There are literally hundreds of money laundering scandals, but I still don’t know how I can tie all of these scandals together.
The Sovereign Military Order of Malta is interesting, but I’m more interested in the Order of the Garter (that effectively rules our Brave new world) and its favourite henchmen the Rothschilds.
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Old 12-10-2018, 03:20 PM   #8
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Firtash, Gazprom - $3 billion
Gazprom sold more than 20 billion cubic metres of gas below market prices to Dmitry Firtash in 4 years - about 4 times more than the Russian government has publicly acknowledged. Because of the low price, companies controlled by Firtash made more than $3 billion. Gazprom missed out on about $2 billion in revenue it could have made by selling that gas at “normal” prices.

In 2012, Moscow sold the gas to Firtash for $230 per 1,000 cubic metres; and in 2013, for $267 per unit on average. This is at least $100 per unit below the market price in Western Europe.
The gas was sold to Firtash for at least one-third less than what Ukraine’s Naftogaz had to pay.
Firtash’s Ostchem companies in Cyprus and Switzerland resold the gas to his chemical plants in Ukraine for $430 per unit. The 2 offshore Ostchem companies made an estimated profit of $3.7 billion in 2 years.

Kremlin spokesman Peskov said Putin has met Firtash but that they are not close. He said Russia supplied gas at “lower prices” to Ukraine because Ukrainian President Yanukovich had asked for it and Russia wanted to help Ukraine’s petrochemical industry.
According to sources in the energy industry, every major deal that Gazprom signs, is approved by Putin.
The deals were financed by the Russian Gazprombank, which is not directly controlled by Gazprom (that holds only a minority share). It is overseen by people linked to Putin, including Yuri Kovalchuk, a banker, who until March 2014 controlled an investment firm that manages a majority stake in Gazprombank.

Starting in 2002, Eural Trans Gas (registered in Hungary) was transporting gas from Turkmenistan through Russia to Ukraine. Its ownership was unclear, but Firtash represented it.
In July 2004, RosUkrEnergo became the new intermediary for gas deals between Russia and Ukraine. Most of RUE was owned by Firtash and Gazprom.
Firtash imported the Russian gas through a Cypriot company of which he is sole director, and a Swiss one set up by Group DF (Group Dmytro Firtash).

In June 2010, Firtash started Ostchem Investments in Cyprus. A month later, Gazprombank lent the company $815 million. By March 2011, Gazprombank had lent up to $11.15 billion to Firtash companies.
A Gazprombank manager said that the Russian bank had led a consortium of lenders which in 2011 lend about $7 billion to Firtash (I don’t know who the other lenders were…).

In September 2010, Ostchem Investments bought a 90% stake in the Stirol fertiliser plant in Ukraine (gas is needed to produce fertilizer). In 2011, Firtash acquired 2 more fertiliser plants in Ukraine - Severodonetsk Azot and Rivne Azot.
Firtash also bought the Nika Tera sea port, through which amongst others fertiliser is shipped. He also acquired the Nadra Bank and invested in the titanium industry: http://www.reuters.com/article/russi...0TF4QD20141126
(archived here: http://web.archive.org/article/russi...0TF4QD20141126)

On 21 February 2017, Austrian police detained Dmytro Firtash after an EU arrest warrant issued by Spain. In Spain, Firtash was accused of money laundering money laundering $10 million through companies on Cyprus and the British Virgin Islands.
Firtash also has a residence in London’s Knightsbridge: https://www.independent.co.uk/news/u...-a7439621.html


Firtash, RUE – Drake property, Manafort
According to a writ filed in 2011 by former Ukrainian Prime Minister Yulia Tymoshenko, the Group DF (of Dmytro Firtash) never had any intention to purchase the Drake property for $850 million, but instead used the real estate project as a vehicle to “invest” $25 million in New York bank accounts, for the purpose of money laundering, racketeering and bribes.
Firtash even acquired his own bank, Nadra Bank:
Quote:
1. This case concerns the arbitrary prosecutions, arrests, and detentions of former Ukrainian Prime Minister Yulia Tymoshenko and other political opposition members in violation of international law, which have been carried out by or with the assistance of Defendants, representing a collection of private and public figures that stand to benefit politically and/or financially by eliminating Ukraine’s political opposition.
(…)
7. From 2004 to early 2009, Defendant RosUkrEnergo AG (“RUE”) received substantial profits for serving as a middleman in natural gas dealings between Naftogaz, a Ukrainian state-owned gas company, and Gazprom, a Russian company. Ukrainian billionaire Defendant Dmytro Firtash a/k/a Dmitry Firtash (“Firtash”), who largely controls RUE, was able to secure profits from the Russia-Ukraine gas deals due to his close relationship with, and payment of illegal kickbacks to, Ukrainian government officials, including then Naftogaz Chairman Yuriy Boyko and Deputy Chairman Ihor Voronin, both of whom were nominated to RUE’s Coordination Committee after securing RUE’s initial brokerage contract.
(…)
35. (…) Manafort played a key role in the defendants’ conspiracy and racketeering enterprise by assisting Firtash to become a major “investor” and silent partner in defendants CMZ Ventures (sometimes referred to as “ZMC Investors”), Group DF and their affiliated companies, through which Firtash and his associates were able to money launder a large portion of the funds that Firtash, Group DF and RUE were skimming from numerous Gazpron/Naftogaz natural gas transactions, as well as the windfall payments and profits worth approximately $3.5 billion that they received as a result of the corrupt transactions and breaches of fiduciary duties that resulted in the Stockholm Arbitration award, as described below in greater detail. These monies were then laundered through various New York based bank accounts under the guise of otherwise legitimate real estate and other investment activities in New York and elsewhere in the United States, and the contracts, agreements, meetings, discussions and electronic communications (e.g., computer, email and fax transmissions) relating to said money laundering and investment activities were primarily conducted through defendants’ offices located at 1501 Broadway, 25th floor.
(…)
83. RUE is owned by Russian state-owned energy company, Gazprom (owning a 50% share of RUE), Firtash (owning a 45% share of RUE through holding company Centragas), and Ukrainian businessman and Firtash associate Ivan Fursin (owning a 5% share of RUE also through holding company Centragas, which is almost wholly owned by Firtash through Group DF).
(…)
100. Firtash, Mogilevich, and their affiliated companies used three U.S. companies in particular—CMZ Ventures LLC, Kallista Investments LLC, and the Dynamic Fund (which were sometimes referred to collectively as “The Dynamic Group)—to launder money in the United States and abroad under the guise of investing in legitimate business ventures.
(…)
136. As of June 2011, Nadra Bank had approximately $500 million on deposit in New York bank accounts at JP Morgan Chase (Acct No. 762804508), BNY Mellon (formerly Bank of New York) (Acct. No. 8900341629); and Standard Chartered Bank (Acct No. 3582021684001).
http://freebeacon.com/wp-content/upl...omplaint-2.pdf

According to Ukraine’s National Anti-Corruption Bureau, handwritten ledgers found in the Ukraine show $12.7 million in undisclosed payments to Manafort from the Party of Regions from 2007 to 2012.
Investigators assert that the cash was part of an illegal off-the-books system whose recipients also included election officials.

The network comprised shell companies whose ultimate owners were shielded by the secrecy laws of the offshore jurisdictions where they were registered, including the British Virgin Islands, Belize and the Seychelles.
Oleg Deripaska claimed he had also paid about $7.3 million in management fees to the Pericles fund in over two years: https://www.nytimes.com/2016/08/15/u...rump.html?_r=0


Party of Regions – Manafort, Podesta
The European Centre for a Modern Ukraine (ECFMU) was formed in 2012 by 3 senior members of the Party of Regions, a pro-Russia party led by Ukrainian President Viktor Yanukovych and advised by Paul Manafort.

The Podesta Group arranged meetings with unnamed "Ukrainian officials".
In one of those meetings, Ukraine's foreign minister Leonid Kozhara met Senator Christopher Murphy, chairman of the Senate Foreign Relations Committee's Europe subcommittee. Kozhara was a founder of the ECFMU and close adviser to President Yanukovych.

The Podesta Group, did not disclose at least 32 contacts with the State Department in a 2012 lobbying report to Congress. At that time, Secretary of State Hillary Clinton was scrutinising Ukraine's upcoming election.
In April of this year, the Podesta Group filed new lobbying disclosures to augment lobbying reports from 2012 to 2014.
Both the Podesta Group and Mercury have claimed that they believed the ECFMU was an independent group that was not funded or directed by Ukraine's government.

According to David Marin, Podesta’s spokesman, the Podesta Group’s work for the ECFMU was supervised by Manafort's associate Rick Gates: http://edition.cnn.com/2017/05/09/po...ing/index.html


Over $1.5 million was paid by the Party of Regions to American politicians in 2012 and 2013 alone. The founders of the ECFMU, at that time, were 3 Members of the Parliament from the Party of Regions, who in 2 years since have moved considerably up the power ladder — the current Foreign Minister Leonid Kozhara, the current head of the Budget Committee of Parliament Ievgenii Hiellier and the current head of the Foreign Affairs Committee of the Verkhovna Rada Vitaliy Kahlyushnyy.
The reported budget of the ECFMU (located in Brussels, Belgium) is only €10,000. In 2012, the Belgian mediator paid the American lobbyists 80 times that amount — $800,000. In 2013 they have paid American lobbyists 79 times their budget — $790,000.
The following graph explains this story in short.


The Podesta Group, was founded by brothers Tony and John Podesta. John headed the office of President Bill Clinton in 1998-2001, since December 2013 was a senior adviser to President Obama and then campaign chairman for Hillary Clinton. In 2012, 2013 the Podesta Group received $1.02 million from the ECFMU.
The second company that was hired by ECFMU, is Mercury/Clark & Weinstock, of Manafort and Rick Gates. Mercury is affiliated with ex-Republican congressman John Vincent "Vin" Weber, who was involved in the last presidential election campaign of Mitt Romney. Mercury received $570,000 from Brussels in 2012, 2013.

What’s bizarre about the ECFMU is that it was first reported to be founded by acting Members of Parliament in the Ukraine: Leonid Kozhara, Ievgenii Hiellier and Vitaliy Kahlyushnyy.
The surnames of Kozhara, Hiellier and Kahlyushnyy were taken out of the registry, and replaced by former MP Oleg Nadosha, ex-MP Oleksiy Plotnikov and Kseniya Solovyova (born in 1987).

German Ina Kirsch Van de Vater, was also among the founders for the ECFMU. Ina Kirsch claimed that the ECFMU has no relation to the Klyuyev Foundation (suspected of embezzling state money):
Quote:
U.S. companies that cooperate with the ‘European Centre for Modern Ukraine’ have no relation to the Party of Regions. They work exclusively in support of the Center (...) The Center has nothing to do, directly or indirectly, to Klyuyev’s fund.
Strangely Ina Kirsch “forgot” to mention that her husband Robert Van de Vater in 2014 was a Deputy Board Chairman of the Klyuyev Foundation: http://www.pravda.com.ua/articles/2014/02/5/7012902/
(archived here: http://archive.is/GhInS)


Manafort, Trump, Deripaska - $18 million
President Trump’s former campaign chairman, Paul Manafort, has been charged with tax fraud and money laundering. Manafort surrendered to the FBI and pleaded not guilty to charges that he laundered millions of dollars through overseas shell companies. Manafort was also charged with failing to register as a foreign lobbyist.
Rick Gates, Manafort’s long-time partner in crime and a campaign adviser (even after Manafort resigned), was also charged and turned himself in.

Prosecutors say in:
Quote:
total, more than $75 million flowed through the offshore accounts. MANAFORT laundered more than $18 million

Manafort spent the money extravagantly, including more than $1.3 million to clothing stores in New York and Beverly Hills: https://www.nytimes.com/2017/10/30/u...-indicted.html

Between 2006 and 2013, Paul J. Manafort bought 3 homes in New York — one in Trump Tower, one in Soho, and one in Carroll Gardens, Brooklyn. Using shell companies, Manafort paid for them in full, and then transferred the properties into his own name for no money.
In 2005, Manafort and Davis began pursuing work with Oleg Deripaska, one of the richest “businessmen” in Russia, CEO of RUSAL and close to Vladimir Putin.
Manafort’s 2006 purchase of a Trump Tower apartment coincided with signing a $10 million contract with Deripaska.

In 2012, one of Manafort’s shell companies, MC Soho Holdings LLC, purchased a fourth floor loft on Howard Street (on the border of Soho and Chinatown), for $2.85 million. In April 2016, when he was becoming Trump’s campaign manager, Manafort transferred the unit into his own name and borrowed $3.4 million against it.
In 2013, another Manafort-linked shell company, MC Brooklyn Holdings, purchased a townhouse at 377 Union Street in Carroll Gardens for $2,995,000. This transaction followed the same pattern: the home was paid in full without a mortgage. On 9 February 2016, after Trump’s victories in Michigan and Mississippi, Manafort took out $5.3 million in loans on the property.
This looks like a scheme to keep the source of the (dirty) money hidden.

Between April 2015 and January 2017 – including time that he worked on the Trump campaign – Manafort borrowed about $12 million against his 3 New York homes (including the apartment in Trump Tower). That was more than he had paid for them, and more than they’re worth.
Days before Trump was sworn in as President, Manafort transferred the Carroll Gardens brownstone from MC Brooklyn Holdings to his own name and refinanced the loans with The Federal Savings Bank, taking on more debt. He now has $6.8 million in loans on a building he bought for $3 million (in March 2017). According to David Reiss, a professor real estate law, it’s extremely unusual for a home loan to exceed the value of the property.

In August 2016, The New York Times published an article on Manafort, claiming he’d accepted $12.7 million in undisclosed cash payments from a pro-Putin, Ukrainian political party between 2007 and 2012. Then Manafort had to resign as campaign manager: http://www.wnyc.org/story/paul-manaf...ate-purchases/
(archived here: http://archive.is/okldW)


For more on Paul Manafort: https://forum.davidicke.com/showthre...=319462&page=2
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Old 15-10-2018, 04:51 PM   #9
raburgeson
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Odd that there is proof all over the net and not one of them is in jail.
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Old 26-10-2018, 04:59 PM   #10
st jimmy
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Brexit, tax evasion and money laundering

Every week British stories are published to make Brits “fight” for their right to leave the EU. Often these stories focus on George Soros or Theresa May sabotaging Brexit by arranging a new referendum or the art. 50 procedure won’t be finished in time…
I posted that the elite controlled SCL Group staged both the campaign for Brexit and president Trump, with my conclusion that “they” wanted these events to happen: https://forum.davidicke.com/showthread.php?t=321860

At that time I searched in vain for a good motive for why the Order of the Garter wanted Britain out of the European Union. Recently I stumbled per chance on a story that shows that Brexiteers are really “fighting” for the right of the elite to evade taxes and launder money.
Leaving the EU, withdraws Britain from “new” tax avoidance laws that would make the semi-legal offshore bank accounts of people like Jacob Rees-Mogg, David Cameron, Boris Johnson and… Queen Elizabeth problematic.

The following recent Daily Mail piece actually warns that the EU wants to shackle Great Britain to EU tax policies after Brexit. Couldn’t they be more blatant?
The draft documents, written by the TAX3 committee, state:
Quote:
The intention is that they commit to continue to alignment with EU standards, including for their overseas countries and territories.
So the EU wants to stop tax evasion and money laundering through offshore “overseas” bank accounts? I really don’t believe they are!

The Daily Mail continued their money laundering supporting propaganda with the following quote from Leave.EU:
Quote:
Spineless May will inevitably cave in & sell us down the river again.
Sack her and get someone who will say NO!
They also warn us that the EU doesn’t want Britain to lower taxes: https://www.dailymail.co.uk/news/art...x-economy.html


The best way to attract business for the money laundering British banks is to introduce EU laws against money laundering and tax evasion when Britain leaves…

In 2015, Britain rejected plans announced from Brussels to combat “industrial-scale tax avoidance by the world’s biggest multinationals”. The new EU tax regulations would have clamped down on offshore accounts and removed many of Britain’s competitive tax, money laundering advantages over other EU Member States.

In 2013, David Cameron wrote to the then president of the European council, Herman Van Rompuy, to prevent offshore trusts from being dragged into an EU-wide crackdown on tax avoidance requesting that trusts should not automatically be subject to the same transparency requirements as companies: https://medium.com/the-jist/was-eu-t...m-980ba88a8077


Some of the loudest Brexit supporters have offshore interests.

Lord George Magan was awarded a life peerage in 2011 by Queen Elizabeth.
Magan is the settler of 2 Jersey-based trusts that hold properties and fine art. As a director of the yacht firm Edmiston he is also involved in a Jersey company, which was set up to help clients who want to employ staff through an offshore firm.

Sir David and Sir Frederick Barclay live on Brecqhou in the Channel Islands, and Monaco.
In 2004, a structure was set up through the Bermuda-based Reid Finance Ltd, to keep their ownership, including of the Daily Telegraph, hidden.

Robert Edmiston gave hundreds of thousands of pounds to 2 Brexit groups
Edmiston owns 2 Malta-based aviation companies.

MP Jacob Rees-Mogg received $680,000 through an investment firm based in the British Virgin Islands.
James Pockney has worked for Rees-Mogg as a director of Saliston for 22 years. He approached Appleby regarding an Isle of Man company called General & Oriental Investments in 2008.

Some of Andrea Leadsom’s family income comes from offshore interests. Her husband, Benjamin Leadsom, has worked as a director for many years for Peter de Putron, who is married to her sister, Hayley.
De Putron runs a multibillion-dollar hedge fund from Guernsey. In 2000, he also with his wife owned Tyrolese (Malta) Ltd. Incorporated that was the majority shareholder in the UK-registered Tyrolese Ltd.

Brexiteer James Mellon is a proprietor of a “hip” cocktail bar in London.
Mellon and Dattels invested £500,000 each for 25% via the Isle of Man. It was the Manx vehicle that paid out the dividends. If the bar is ever sold by its Manx parent, there would be no corporation tax to pay, because the Isle of Man does not tax company profits.
In 2007, he partnered with his longstanding associate, the Canadian billionaire Stephen Dattels, to run the UK-registered company Calabrese House Ltd, which was entirely owned by the Isle of Man company Calabrese Holdings Ltd: https://www.theguardian.com/news/201...hore-tax-haven


Arron Banks donated £8.5 million to Nigel Farage and his campaign to leave Europe and continues to argue for a hard Brexit. He co-owns the Isle of Man-based Conister Bank with his friend and fellow Brexiteer, the Isle of Man resident Jim Mellon.
In 2012, Conister opened accounts for a businessman whose gambling firm, Pokerstars, and business partner, Mark Scheinberg, were accused by the US Department of Justice for laundering billions in illegal proceeds.
After the US outlawed internet gambling in 2006, individuals associated with Pokerstars, including Mark’s father, founder of Pokerstars Isai Scheinberg, had taken money from American citizens via fake websites claiming to sell jewellery or golf balls.
In 2011, the FBI filed charges against Mark and Isai Scheinberg. They were living in the Isle of Man and did not return to the US to evade the charges and arrest. In July 2012, Pokerstars announced it had settled the case with the DoJ for $547 million.
In 2014, Pokerstars was sold to a Canadian group for $4.9 billion.

In 2015, Arron Banks’ insurance business Southern Rock was bailed out, just months before Banks began bankrolling the Leave.EU referendum campaign to which he donated £8.4 million.
One of the 2 campaign vehicles that received Banks’ £8.4 millions, Better for the Country Ltd, was set up by STM.

If Southern Rock Insurance had gone bankrupt this could have made Banks’ UK insurance broker Eldon collapse.
Regulators made Southern Rock promise not to make any payments to Banks without their prior written consent. After in 2014 PwC concluded that Southern Rock wasn’t a healthy company, Banks had to resign as CEO, with his longstanding associate Alan Kentish (another Southern Rock director).
Banks’ ties to Kentish and STM go back to at least 2004, when Kentish became a founding director of Southern Rock. Banks invested in STM and became its largest shareholder before selling his stake in early 2015. More recently, Kentish, Banks and another STM founder invested in Legal Protection Group, a broker of insurance for lawyers and doctors.

ICS Risk Solutions, a holding company on the Isle of Man, pumped £77.7 million into Southern Rock to save it from collapse. Banks owned both ICS and Southern Rock; it is not clear where the money came from.
When the money came, the management of ICS was changed. In April 2015, the day before the initial rescue deal, wife of STM’s boss, Louise Kentish, joined the ICS board. On 24 June 2016, the day after the referendum, Alan Kentish joined her with 2 other new directors (the former and current chairmen of STM).
Banks has said he owns 90% of ICS, with management and staff holding the rest. But the filings showed he owns less than 75% — with no information on the remainder.

A core business for STM is setting up offshore trusts, to make it difficult to trace who ultimately owns the assets.
STM services helped to invest pension savings in the Trafalgar Multi Asset Fund, which collapsed in 2016 and is under investigation of the UK’s Serious Fraud Office. STM should have seen red flags before the pension debacle.
In 2015, STM was prosecuted in Jersey for money-laundering compliance failures. STM was eventually acquitted, but it received an official order to clean up its behaviour.

On 19 October 2017, Alan Kentish was arrested in Gibraltar for failing to notify the authorities on money-laundering by one of STM’s clients. Following his arrest, Kentish resigned his directorships of 2 companies linked to Arron Banks.
STM was managing operations for Henley & Partners, whose business includes helping rich foreign nationals acquire citizenship of tax havens; and whose chairman reportedly has ties to Cambridge Analytica.

In 2010, STM through Henley helped Ukrainian politician Viacheslav Suprunenko, son-in-law of the mayor of Kiev and brother of a senior figure in the Party of Regions, apply for a passport in St Kitts and Nevis. Suprunenko asked STM to route his payments through offshore vehicles apparently unconnected to him. STM refused but failed to report this suspicious behaviour to the authorities
Junior STM staff reported on internal suspicious activity for 19 individuals or entities. Only 3 of these were acknowledged by STM’s compliance officer and none was passed to the island’s financial crimes unit: https://www.opendemocracy.net/uk/bre...hore-secrets-0
(archived here: http://archive.is/KkN40)
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Old 27-10-2018, 10:22 AM   #11
st jimmy
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The Paradise Papers look like a limited hangout operation to make the EU introduce “stricter” laws on money laundering and tax evasion, so that the (Brexiting) British money launderers have the competitive edge!

According to our wonderful media we have to believe that there are legitimate reasons for the elite to hide their wealth through offshore funds.
Queen Elizabeth by law is exempt from taxes. According to our dumb, deaf and blind media we have to believe that Elizabeth voluntarily pays taxes. If that is the case than why doesn’t Elizabeth have the law changed, so that she is obligated to pay taxes (as this wouldn’t really make a difference)?

The Duchy of Lancaster is a private estate that was set up in 1399 to manage land and investments for the reigning monarch. In March 2017, the Duchy was worth £519 million.
The Duchy of Lancaster has invested £10 million ($13.1 million) from Elizabeth’s private estate into offshore funds in the Cayman Islands and Bermuda. This had never before been disclosed. If Elizabeth pays taxes, like she claims, I would like to see evidence that she paid taxes over the income generated from her investments through this Cayman Islands fund.

In September 2005, the Duchy of Lancaster invested $7.5 million (£5.7 million) in Dover Street VI Cayman Fund LP.

The US company running the fund later asked the duchy to contribute $450,000 (£344,000) – 6% of its commitment - into UK retailer BrightHouse and Threshers. The Duchy of Lancaster refused to disclose the size of its original 2007 investment in BrightHouse, which coincided with a boom in its value. The Duchy claims the BrightHouse holding now equates to £3,208.
In September 2007, when BrightHouse began the Duchy contributed $450,000 to five investments (including "Project Bertie"). This included an interest in London-based private equity firm Vision Capital that acquired 100% of BrightHouse and 75% of the Threshers off licence chain.


BrightHouse has since been accused of overcharging customers, and using hard sell tactics on people with mental health problems and learning disabilities.
In 2015, a UK parliamentary report concluded that BrightHouse was charging interest rates of up to 94%. One in 5 customers was in arrears and one in 10 purchases ended in repossession. In one case, a Samsung freezer cost £644 to buy but £1,716 under a five-year plan from the chain.
In October 2017, BrightHouse was ordered to pay £14.8 million in compensation to 249,000 customers for not handling in their best interests.

BrightHouse has limited its tax bill through a large loan to a Luxembourg holding company. Between 2007 and 2014, it reported £1.6 billion in revenue and made an operating profit of £191 million, but paid less than £6 million in taxes.
The Paradise Papers show only one payout from the fund to the Duchy of Lancaster in June 2008 of $361,367 over which it paid only $1,505 (0.4%) in tax.

Threshers' balance sheet was loaded with debt and it paid no corporation tax for 2 years. When the drinks retailed went bust in October 2009, almost 6,000 people lost their jobs and it owed £17.5 million in UK tax (how much did Queen Liz take?).

The Duchy of Lancaster also invested £5 million in the Jubilee Absolute Return Fund, which invests in hedge funds. At the time of the investment in June 2004, the fund was based in Bermuda. In 2006, it moved to Guernsey.
This investment ended in 2010.

According to our media, we cannot hold it against Queen Elizabeth that her huge fortune is invested in such a dubious way: https://www.bbc.com/news/uk-41878305
(archived here: http://archive.is/16he2)
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Old 27-10-2018, 04:38 PM   #12
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Arron Banks owns a stake in a South African diamond mine, and donated millions to the Leave.EU Brexit campaign of Nigel Farage.
Russian ambassador to the UK, Alexander Yakovenko, met Banks 4 times in about 12 months, in which they discussed Trump’s US presidential campaign. Banks and Yakovenko also frequently sent each other text messages.
At least 2 of the meetings between Banks met Yakovenko were shortly before or after meetings between Trump’s team and Banks and Farage. They met for example on 19 August 2016; and less than a week later, Banks and Farage were talking privately with Donald Trump in Jackson, Mississippi, where Farage also addressed the cheering crowd.

Banks said he and Farage each met once with US embassy officials to describe their contacts.
Banks replied that “not one shred of evidence has been produced” that he was working for Russia.
Farage responded:
Quote:
There seems to be a culture of throwing hysterical accusations around without any evidence whatsoever.
https://www.independent.co.uk/news/u...-a8422506.html


While everyday working people have no choice but to pay taxes in their own country, the global elite avoid paying their share by setting up shell companies in exotic tax havens.
Individuals from 200 countries used more than 214,000 offshore entities to help them launder money and evade taxes worth billions in tax. Those implicated included 140 politicians and officials; including the president of Ukraine, the prime ministers of Iceland and Pakistan, and the King of Saudi Arabia.

In October 2017, in the wake of the Panama Papers, the European Parliament’s Committee of Inquiry into Tax Avoidance and Tax Evasion was set up, which recommended for stricter sanctions against banks and intermediaries involved in illegal tax or money laundering schemes.

By leaving the EU, Britain won’t have to face the new EU rules.
This is very relevant, as the UK already had the largest number of offshore entities of any EU nation in the Panama Papers, with 17,973. Only Luxembourg came close with 10,877.

President Donald Trump is slashing taxes and creating even more tax loopholes for the elite: https://www.independent.co.uk/voices...-a8007426.html


Another interesting story in this context is that billionaire Brexit supporter Crispin Odey made £220 million because he knew that after the successful Leave referendum the shares would “crash”: https://www.independent.co.uk/news/b...-a7391841.html


I found the following 2013 Offshore Tactics Workshop by SovereignMan.com in Chile, bizarre mainly because it was attended by Nigel Farage, Ron Paul, Jim Rickards, and Jim Rogers, who predict economic chaos, end of the dollar as reserve currency, the imminent fall of Slovenia and end of the Euro.
Former Congressman Ron Paul exclaimed during his opening remarks “The revolution is international” (I don’t see any revolution...).
Rogers said: the US government “won’t take our bank accounts. They will take our retirement accounts”: https://www.prweb.com/releases/2013/5/prweb10681392.htm

In the following video, Nigel Farage is the one who does most of the talking; he urges people to get their money out of euro zone banks (offshore!)
https://www.youtube.com/watch?v=UZap5n3zGZ8


See this group of money laundering experts, who know that they will be busted if they don’t support their British masters, with Arron Banks, Donald Trump and Nigel Farage in New York, November 2016.
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Old 28-10-2018, 05:30 AM   #13
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Money Laundering & Tax evasion.

You say these things Jimmy like you really know about money...
Well I WAS named in the Panama Papers so that makes me an expert.

A little lesson about money...
Its all created as a debt and loaned to govts and business and people. It comes from thin air. Just figures on an electronic ledger these days.

Here's the lesson about TAX that you wont read ANY WHERE else. So listen up and learn.

When the Fed was introduced back in 1913 to control the Issue of MONEY by private individuals, there was a second part to the Creation of Money... Its Destruction or The Tax Laws.

You see when you create money you need a mechanism to destroy it. Taxes work well and have many advantages.

Building Aircraft carriers destroy the excess created money.
Building military bases destroys excess money created.
Welfare destroys money.
Any expenditure by a govt that doesnt increase the productive output effectively destroys money.
The UN and ALL govt salaries destroys money.

The trick is to make the people believe its TAXES that build these infrastructures and are needed for security or other such nonsense.

One cannot destroy money faster than its created so the residual or excess money is the ONLY cause of INFLATION.

TAX exists ONLY to destroy Money and Grease the palms of would be Do Gooders.

So the average Joe and Jimmy get real upset when the rich and famous and Govt workers figure out schemes to avoid this destruction of Money via Taxation and secret it away in some safe haven or keep the profits off shore so as to avoid the Tax.

Now this destruction of money via Tax to take care of the problem of over creation is what GREASES the system and allows Politicians to have favorite pet Socialist Programs that give away money because its well a Social Justice issue and a Human Right to be given without having to work. The worker class just Love these giveaways and so we have built up a system that depends upon giveaways or the system collapses. Its based upon creating too much money and then bribing Politicians to act for the Banks to help SELL all the assets of any country all in the name of providing free health care of other free lunches.

The problem isnt Tax or money laundering, these are symptoms of a greater scourge on mankind. Just who controls the Money and thus the Laws of the Land.

If MORE MONEY was Laundered and MORE Tax avoided, by whatever means, it accelerates the destruction of the system and increases inflation.
If Less money is Laundered and less tax is paid, then the Govt's have more to destroy the Social system with giveaways. Lose Lose no matter how you look at it.

This Giveaway culture sees armies of brown people invading other countries to get in on the gravy train of Maccabums and diet coke for all.

So we have a choice, tax more and clamp down on businesses keeping profits offshore so the banks and Govts cant give it away to destroy it (its why they need a bad guy like Putin)
or
let money make its own rules, the way its been for millennia, and the rich will build ASSETS rather than military guns and navy boats that do NOTHING but give reasons for Fear of some country wanting to opt out of SWIFT and the FED and Jooooish London thieves and set up BRICS

I hate to say it Jimmi, but your scare mongering and half truths about MONEY is part of the problem.
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Old 28-10-2018, 02:13 PM   #14
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I hate to say it Jimmi, but your scare mongering and half truths about MONEY is part of the problem.
You continue to troll "my" threads posting the most ridiculous nonsense imaginable.
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Old 28-10-2018, 03:34 PM   #15
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You continue to troll "my" threads posting the most ridiculous nonsense imaginable.
Just what part do you consider nonsense?

You called me deranged so you started it. Lets stick to facts. Which part is non sense?
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Old 28-10-2018, 05:16 PM   #16
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Why don't we stick to the topic at hand and leave the nonsense elsewhere.

Hey, why don't you two try collaborating on this topic. That way we'll get an even broader perspective on this subject.
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Old 31-10-2018, 10:06 AM   #17
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Just what part do you consider nonsense?

You called me deranged so you started it. Lets stick to facts. Which part is non sense?
If you would make these posts filled with preposterous claims because you’re “deranged” that could be an excuse, but you apparently admit that you intentionally derail “my” threads. You don’t stick to facts...
Even if your claims would be factual (instead of filled with false claims) they would still be useless because you don’t explain anything, while you don’t provide any information, evidence, but instead claim that you’re an “expert”. So you have a motive for intentionally derailing a thread on “money laundering”.
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Well I WAS named in the Panama Papers so that makes me an expert.

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TAX exists ONLY to destroy Money and Grease the palms of would be Do Gooders.
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If MORE MONEY was Laundered and MORE Tax avoided, by whatever means, it accelerates the destruction of the system and increases inflation.
Completely ridiculous. If taxes would destroy money – (higher) taxes would decrease inflation but the opposite is true.
If some slave labourer is first able to make ends meet on $2000 per month, if income taxes are increased with 5%, the same slave would need $2100.
If VAT taxes on products are increased with 2%, this causes inflation as you would need $102 for what would first cost $102.

In many situations tax money is actually used to launder money. I’ll explain this with the following example.

Money laundering real estate agent Donald uses bribes (that are not accounted for) to buy a piece of land below the market price (this price is booked in the official register).

Then Donald bribes politicians to build all sorts of infrastructure to his land.
The Donald also controls a construction company that is hired by the government to build the infrastructure. Now the tax payer basically has to pay not only to increase the value of the land (that was already bought below the market price) but also pays “clean money” to Donald’s construction company.

Then a hotel is built on the land.
Much of the expenses (for example wages for the employees and buying food) for the hotel use “dirty money” to lower the “accounted” prices and wages. In this way “dirty money” inflates the accounted profits.

Donald is well-connected and uses his connections to sell his hotel a couple of years later for more than it’s worth. In return Donald buys another piece of real estate above the real value, knowing that the money laundering real estate agents will do the same in a couple of years.
So in buying the land “dirty money” was used to lower the price and because the money launderers work together they then inflate the prices. This makes the accounted profit higher than it really was, and Donald gets a reputation for being an excellent businessman...

This shows that money laundering inflates the prices of property that’s used for money laundering. This also happens with art or transfer sums in professional sports: https://forum.davidicke.com/showpost...3&postcount=10
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Old 03-11-2018, 09:52 AM   #18
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The government don't care about the money laundering, the moment they attempt to go after the people whos money is getting laundered or the banks then they will be removed from power by fair means or foul.

All the multi nationals do it, Amazon, Google, Apple, Ebay, Starbucks and so on. They are enouraged to it and promises are made no doubt that the government won't try to stop them from doing it.

Do any of the politicians do anything to stop it? Not in my opinion they don't.

When they are on the TV or radio crying and moaning the country doesn't have enough money for XYZ or ABC they are crocodile tears and nothing more.

They want Joe Public to pay more taxes, higher VAT, higher income tax, higher national insurance, sugar tax and what not, when in reality the rich and the multi nationals could pay for a lot of their improvements if they actual paid tax.

The trouble is this: people actually believe the politicians when they say they will do something about it. They never have and never will.
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Old 03-11-2018, 03:29 PM   #19
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The government don't care about the money laundering, the moment they attempt to go after the people whos money is getting laundered or the banks then they will be removed from power by fair means or foul.

All the multi nationals do it, Amazon, Google, Apple, Ebay, Starbucks and so on. They are enouraged to it and promises are made no doubt that the government won't try to stop them from doing it.

Do any of the politicians do anything to stop it? Not in my opinion they don't.
Tax evasion by multinationals in the EU is actually legal. It's a lot harder to find out where the profits go (who owns BlackRock, Vanguard and the other giant investment funds?).

A company simply sets up a post office in Luxembourg, and then they are effectively exempt from taxes - see the information on Luxleaks.
The whistleblowers were sued in our Europe that has such wonderful standards on "human rights": https://forum.davidicke.com/showpost...05&postcount=4
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Old 06-01-2019, 03:18 PM   #20
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Terry Reed & John Cummings - Compromised

Here's a book on the drugs for arms pipeline centred in the Arkansas of Governor Bill Clinton.
A large part of the book details the money laundering schemes set-up in Arkansas (Dan Lasater).

On 24 February 1982, in Oklahoma City; Terry Reed first met Oliver North (who used the name John Cathey at the time). At that time Reed could contact North through the FBI. Reed frequently met North.
Only in 1987, when Iran-Contra hit the press, Reed found out that “John Cathey” was really Oliver North.
On 11 March 1983, North proposed Reed to meet Barry Seal (Adler Berriman Seal) so he could help in supplying guns to the Contras. Shortly thereafter Dan Lasater introduced Seal to Reed.

One of the first tasks for Reed in working for Seal was to make sure that no FAA regulations were violated for the airport they set up near Nella, about 12 miles from Mena, Arkansas (population 5000) which was only accessible by four-wheel drives.
The airport was first used to train Contra pilots in air-delivery techniques for the Contra Air Force.

When the airport became fully operational; weapons were delivered by “special barge traffic” over the Arkansas River to Nella and protected by the US Army Corps of engineers. The arms were temporarily stored there and flown to the Contras.
Cash and drugs were dropped in Arkansas from planes. The cash airdrops amounted to more than 9 million dollars a week.
Terry Reed saw the operation by being involved, but didn’t realise that the cash came from cocaine trafficking. He also knew that the CIA and White House were involved (of course at the time he didn’t know the identity of Oliver North yet).

Planes were “borrowed”, with and without the owners' cooperation, for "sting" operations.

The New Jersey gun-manufacturing company Iver Johnson’s arms Inc. was moved to Jacksonville, Arkansas.
The untraceable parts (without serial number) for the M16 rifles for the Contras were manufactured by the firm Park On Meter Inc. (POM) located in the town of Russellville.
Seth Ward Sr. was a high roller in Arkansas that was involved with POM, together with his son Seth Jr. (Skeeter). The son-in-law of Seth Ward Sr. was Webster (Webb) Hubbell, partner at the Rose law firm where Hillary Clinton was an attorney. Hubbell was also the corporate lawyer for POM and probably the biological father of Chelsea “Clinton”.
Hubbell denied that POM manufactured parts for M16’s, but admitted to a reporter of Time magazine that they had made a nose cone for a rocket launcher.

Barry Seal was one of the biggest US drugs traffickers in the 1980s and had been working as an informant for the Drug Enforcement Administration (DEA) for years.
Seal told Reed that he was involved in the arrest of Bill Clinton’s campaign contributor Dan Lasater and half brother Roger Clinton. This was done because Clinton had taken 10% of the gross instead of the agreed upon 10% of the profits.

Seal wanted desperately to get out of the game. Seal decided to go public in order to protect himself against an impending Louisiana indictment.
Barry Seal told Reed that George H.W. Bush's kids are in the drug business, when Reed asked for confirmation, Barry answered:
Quote:
Yup, that's what I'm tellin' ya. A guy in Florida who flipped for the DEA has got the goods on the Bush boys. Now I heard this earlier from a reliable source in Colombia, but I just sat on it then, waitin' to use it as a trump card, if I ever needed it. I even got surveillance videos catchin' the Bush boys red-handed. I consider this stuff my insurance policy. It makes me and my mole on the inside that's feedin' the stuff to me invincible.
Seal was of course murdered on 17 February 1986 after the court ordered him to work for the Salvation Army, while prohibiting him to carry a gun or hiring armed protection...

Reed describes a meeting on 19 April 1986 at Juanita's Restaurant in Little Rock.
The "guest list" included Oliver North, Felix Rodriguez (alias Max Gomez), resident CIA agent Akihide Sawahata, Agency subcontractor Terry Reed, and Robert Johnson (lawyer for Southern Air Transport) was in charge of the meeting. Governor Bill Clinton and his aide Bob Nash dropped in uninvited.
This meeting confirmed that Clinton knew all about the drugs for arms pipeline centred in Arkansas.
After the meeting, Clinton invited Reed for a short talk, where Clinton smoked a joint (and inhaled deep!).
At the time they wanted Terry to set up a company for gun parts that would operate as a front in Mexico. Clinton advised Reed to set up this company for Oliver North.

A Classified FBI AIRTEL, dated 18 August 1987, warns the FBI, DEA and CIA of pending media investigation into the CIA activities at Mena, and identified Barry Seal as a CIA operative.
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BOTH THE NEW YORK TIMES AND THE TELEVISION NEWS SHOW WEST 57TH STREET ARE PRESENTLY PREPARING STORIES REGARDING ALLEGED CIA ACTIVITIES AT AN AIR FIELD IN MENA, ARKANSAS.

THE ORIGINAL INFORMATION DATES BACK TO A PILOT, BARRY SEAL, NOW DECEASED, WHO IS PURPORTED TO HAVE FLOWN GUNS TO SOUTH AMERICA FROM MENA AND DRUGS BACK INTO THE UNITED STATES. THE INFORMATION INDICATES THAT SEAL WAS AN INFORMANT FOR THE DEA AT THE TIME BUT ALSO WORKING AS AN OPERATIVE OF THE CIA. DURING THE PAST FEW YEARS, THE ACTIVITY AT THE AIRSTRIP HAS AROUSED THE INTEREST OF LOCAL LAW ENFORCEMENT WHO THEN ATTEMPTED TO CONDUCT SOME INVESTIGATIONS BUT WERE BLOCKED BY THE U.S. ATTORNEY. IN 1986, SEAL WAS GUNNED DOWN IN BATON ROUGE, LOUISIANA. THIS WAS PURPORTED TO BE A HIT BY COLOMBIAN DRUG DEALERS.
See the following facsimile of the August 1987 "Secret" report.


Lasater & Co. (of Dan Lasater), was handling more than $300 million annually in preferred state bond activity. Then Arkansas Development and Finance Authority (ADFA) was created, directly controlled by Governor Clinton's office. ADFA was designed to compete for the profits generated by the bond issues necessary to “industrialize Arkansas”.
The state was using the Rose Law Firm as its bond counsel for much of this activity.

See the chart that was drawn by Terry Reed in January 1991. It shows the connections between Clinton, the Rose Law firm, Lasater, POM, Seth Ward, Webb Hubbell and Barry Seal.


An example of the dealings of the ADFA, is the deposit of $50 million on an offshore bank account with the Fuji Bank in the Cayman Islands on 29 December 1988. A strange transaction for an organisation founded to lend money for development in Arkansas.
Fuji subsequently took over the loan on behalf of POM, and now presumably made payments directly to Fuji. This was curious since POM gave up a long-term, fixed rate, low interest loan issued by ADFA, which had a guarantor, the bank in Memphis, to back it up.

Clinton started borrowing money from First American in order to make up for their cash shortage, which could have made big problems for everybody involved.
Years later the BCCI scandal reached the headlines. Which showed money laundering and fraud – when at least 8 billions dollars, perhaps more than 12 billion, were missing.
Jackson T. Stephens, the chairman of Stephens & Co. in Little Rock, helped BCCI get started in the USA.
Investigators in New York would accuse First American Bank and Trust in Washington, for having hidden ownership ties to BCCI. This “secret tie” was denied by its chairmen, former Defense Secretary Clark Clifford and Robert Altman, who were both indicted for this connection.
Terry expected that the Arkansas drugs pipeline and money laundering would be blown wide open, but it never did.

Here’s another chart made by the Harkin campaign committee during the 1992 Presidential Primaries. It shows similarities to the one Reed drew in 1991.
It includes the Clintons, ADFA, Rose law firm, Buddy Young, Terry Reed, Felix Rodriguez, the McDougals, Madison Guarantee, Stephens Inc, First American and BCCI.


When Terry Reed was running the gun tool company in Mexico he was contacted by the Hungarian businessman and intelligence operative - George Fenue in July 1987.
Fenue had discovered a crate filled with cocaine and demanded Reed to explain using his company for shipping narcotics. Fenue had already discovered 2 earlier shipments in the logs with probably a similar content.
Reed secretly took 2 bags out before contacting his CIA handler in Mexico - Mitch Marr. Marr quickly took the bait by demanding what had happened to the 2 missing bags. Now Reed had certainty that the CIA had used him to traffic drugs.

Now suddenly Reed had become a liability, and he found himself in legal problems.
On 5 May 1988 a FBI AIRTEL message classified Reed as an "instant matter now being carried as armed and dangerous due to information developed by the Little Rock division".
Raymond (Buddy) Young was involved in framing Terry Reed; Reed was wrongfully accused of drugs trafficking (he was eventually acquitted).
Here’s a picture of Hillary Clinton and Buddy Young.


In a strange way this book is really about Barry Seal. Terry Reed doesn’t come close to describing what Seal knew (I believe that Reed is still alive).
Seal was portrayed in the 1991 movie "Double Crossed", and in September 2018 another glossy movie hit the theaters, featuring the little actor Tom Cruise playing the 300 pound heavy Barry Seal.

Terry Reed & John Cummings “Compromised: Clinton, Bush and the CIA” (1994): http://survivorbb.rapeutation.com/vi...p?f=218&t=2785


Here’s a 10:16 interview with Terry Reed



For more on the importing of cocaine through Arkansas, using the Nicaragua Contras, by the Reagan/Bush administration: https://forum.davidicke.com/showthre...post1062953107
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