I was somewhat skeptical of this report knowing that the main stream media (MSM) would never publish anything derogatory about their partner in crime, Barack Husein Obama. That they mentioned Wachovia Bank was fined 160 million dollars seemed strange to me for I apparently missed the MSM report on such a scandal...maybe I was asleep at the time but you would think that it would have been all over the news. In any event, I done a quick search and sure enough, there it was in plain sight at a
U.S. Justice Department's website a press release titled, "WACHOVIA ENTERS INTO DEFERRED PROSECUTION AGREEMENT". You would think that the headline should include something about the drug-money laundering and/or the amount of the fine...but they probably figured the average person never reads such stuff from government websites. Meanwhile, I posted the press release at the bottom of the report that follows.
Do I believe that Obama moved $85 Billion to Honduras? I have no proof that he didn't...but I had wondered where he was going to get a billion dollars for his re-election campaign. ~
Norman E. Hooben
The following from:
Nesara News
Shock Report Says Obama Moved $85 Billion To Honduras
By: Sorcha Faal, and as reported to her Western Subscribers
An entry in the March, 2011 report prepared by the
Russian Ministry of Finance for the International Criminal Police Organization (
ICPO)
[aka INTERPOL] designed to track major international monetary transactions related to the global drug trade lists a US-EU transfer to
Banco Citibank de Honduras, S.A. from
Barack Hussein Obama II in the shocking amount of
“$73 Billion in cash and US Securities” and
“(estimated) $15 Billion in gold and silver bullion” on the same day the American President (March 22
nd) was
visiting El Salvador on his visit to Central America.
Important to note is that the entry in this report naming
“Barack Hussein Obama II” does not list him as the American President
[pictured top left with coup-ousted Honduran President Manual Zelaya], but as he is the
only person in the world having this exact
name one would be hard pressed to believe it could be anyone else.
The American leader’s ties with
Honduras, the Central American country where this staggeringly huge deposit was made, are well known with his supporting of the
2009 coup d'etat that ousted President
Manual Zelaya in favor of a right-wing military junta. Under Obama’s direct orders, President Zelaya was
held at the US airbase outside Tegucigalpa before being forcibly sent to San José, Costa Rica, a move that earned Honduras an expulsion from the Organization of American States (
OAS) and shocked the entire Latin American World.
Zelaya had earned the wrath of both the US and the right-wing thugs arrayed against him for his efforts to stem the flow of drugs from South America to Mexico, none of which could reach the American market without traveling through Honduras. Since Zelaya’s ouster by Obama, however, Honduras is now described as a
“Drug Traffickers’ Paradise.”
Since 2009 Obama has become the
leading ally and cheerleader for the right-wing coop leader Porfirio Lobo, and Hillary Clinton’s US State Department is currently
campaigning for Honduras to be readmitted to the OAS. Since the 2009 coup, the US has, also, built
two new military bases in Honduras and increased its training of local police.
To where Obama gained access to a fortune that has made him the richest man in the world we can glean from the
special report published last week by London’s Observer newspaper wherein they detailed how one of the United States largest banks named Wachovia was discovered to have laundered over $500 Billion for Mexican and Colombian drug cartels.
According to the Observers report, an investigation begun in 2006 after a
CIA-linked DC-9 aircraft made an emergency landing in the Mexican port city of Ciudad del Carmen carrying nearly 6 tonnes of cocaine also contained detailed financial records linking some of Americans largest banks to the global trade.
Though US Federal Prosecutors wanted to indict many powerful US banking executives, for what is described as the largest drug related money laundering scheme in history, Obama overruled them allowing just Wachovia to be prosecuted, and which rather than going to trial they admitted guilt and paid a
$160 million fine, the largest amount ever gained under the US bank secrecy act.
Even more important to note about Obama’s covert involvement with the drug-linked US banking and financial system (
who actually put Obama into power to begin with) was that at the height of the 2008 banking crisis, which allowed him to become the American President,
Antonio Maria Costa, then head of the United Nations office on drugs and crime, said he had evidence to suggest the proceeds from drugs and crime were
“the only liquid investment capital” available to US and EU banks on the brink of collapse. Costa further stated that
“Inter-bank loans were funded by money that originated from the drugs trade,” and
“There were signs that some banks were rescued that way.”
Even more shocking are the reports coming from the US that Obama has ordered his government agents to allow powerful weapons to go to Mexican drug cartels that are now, as the Washington Post News Service reported today, being used to
kill babies and children.
According to the CBS News Service, US Federal Alcohol, Tobacco and Firearms (ATF) Senior Agent John Dodson made this charge against Obama, and we quote:
“I'm boots on the ground in Phoenix, telling you we've been doing it every day since I've been here, here I am. Tell me I didn't do the things that I did. Tell me you didn't order me to do the things I did. Tell me it didn't happen. Now you have a name on it. You have a face to put with it. Here I am. Someone now, tell me it didn't happen.”
Most astounding in all of these events are the American peoples continued subservience to what can only be described as one of the most cruel and corrupt regimes our world has ever known, none of whom seem to care that are, in fact,
ruled by monsters.
To how shocking the conditions in America have become, we need look no further than today’s Guardian News Service report that says:
“More than 250 of America's most eminent legal scholars have signed a letter protesting against the treatment in military prison of the alleged WikiLeaks source Bradley Manning, contesting that his "degrading and inhumane conditions" are illegal, unconstitutional and could even amount to torture.
The list of signatories includes Laurence Tribe, a Harvard professor who is considered to be America's foremost liberal authority on constitutional law. He taught constitutional law to Barack Obama and was a key backer of his 2008 presidential campaign.
Tribe joined the Obama administration last year as a legal adviser in the justice department, a post he held until three months ago.”
Most curious about Obama, too, who in an interview this past week said he misses
“being anonymous,” are the lingering doubts about if he is even an American, a charge leveled against him last week by Billionaire Donald Trump and joined this weekend by the former Alaska governor and potential 2012 US Presidential candidate
Sarah Palin.
Coming to Obama’s defense was Dr. Chiyome Fukino, the former director of Hawaii's Department of Health, who said in a rare telephone interview with the NBC Television News Service that he had
“personally reviewed Barack Obama's original birth certificate.”
Joshua Wisch, a spokesman for the Hawaii attorney general's office further told NBC that State law
does not, in fact, permit the release of “vital records,” including an original “record of live birth” — even to the individual whose birth it records, a statement that stands in direct contradiction to Hawaii’s requirements for obtaining a drivers license which clearly state on their website a
“record of live birth” with
“both parent listed” must be produced to establish proof of name and date of birth.
Unfortunately in all of these things, as the
massive anti-war demonstrations held in New York City this past weekend clearly show, the American people will remain ignorant of them, not because they can’t know, but rather because they choose not too.
© April 11, 2011 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com.
[Ed. Note: Western governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagrees with in believing that it is every human beings right to know the truth. Due to our missions conflicts with that of those governments, the responses of their ‘agents’ against us has been a longstanding misinformation/misdirection campaign designed to discredit and which is addressed in the report “Who Is Sorcha Faal?”.]
Posted by John MacHaffie
Press Release
WACHOVIA ENTERS INTO DEFERRED PROSECUTION AGREEMENT
March 17, 2010
FOR IMMEDIATE RELEASE
Bank Agrees to Pay $160 Million
Wachovia Bank, N.A. (“Wachovia”), one of the largest banks in the United States, has entered into a deferred prosecution agreement with the U.S. Attorney’s Office in the Southern District of Florida and the Asset Forfeiture and Money Laundering Section of the Criminal Division of the Department of Justice to resolve charges that it willfully failed to establish an anti-money laundering program. Today’s agreement is the result of an investigation into Wachovia’s transactions with Mexican currency exchange houses, commonly known as “casas de cambio” (“CDCs”), announced Jeffrey H. Sloman, United States Attorney for the Southern District of Florida, Lanny A. Breuer, Assistant Attorney General for the Criminal Division of the Department of Justice, Mark R. Trouville, Special Agent in Charge, Drug Enforcement Administration (DEA), Miami Field Division, Daniel W. Auer, Special Agent in Charge, Internal Revenue Service, Criminal Investigation Division (“IRS-CID”), John C. Dugan, Comptroller of the Currency, Office of the Comptroller of the Currency (OCC), and James H. Freis, Jr., Director, Financial Crimes Enforcement Network (FinCEN). The agreement also resolves Wachovia’s admitted failure to identify, detect, and report suspicious transactions in third-party payment processor accounts.
A criminal information, filed March 12, 2010 and unsealed today, charges Wachovia with willfully failing to maintain an anti-money laundering program from May 2003 through June 2008, in violation of the Bank Secrecy Act (“BSA”). According to the information and other documents filed with the court today, including a detailed Factual Statement and a Deferred Prosecution Agreement (“the Agreement”), Wachovia failed to effectively monitor for potential money laundering activity more than $420 billion in financial transactions with the CDCs.
As part of the Agreement filed today, Wachovia has agreed to forfeit $110 million to the United States, which represents proceeds of illegal narcotics sales that were laundered through Wachovia. FinCEN also assessed a $110 million Civil Money Penalty that is deemed satisfied by the forfeiture to the U.S. government, for serious and systemic BSA violations. Moreover, pursuant to the terms of the Agreement and the OCC’s separate Cease and Desist and Civil Money Penalty Orders, Wachovia has agreed to pay an additional $50 million fine to the U.S. Treasury. The total sum of $160 million is due within five days from the date of the Agreement.
In light of Wachovia’s willingness to acknowledge responsibility for its actions and omissions, its cooperation and remedial actions to date, and its promised continued cooperation and remedial actions in the future, the government has agreed to defer prosecution of the criminal charge in the information for 12 months. If Wachovia fully complies with its obligations under the Agreement, the U.S. agrees to dismiss the criminal information at the end of the 12 months. Earlier today, the Agreement was accepted in federal court in Miami by U.S. District Judge Joan A. Lenard.
According to the documents filed with the court, Wachovia was aware, as early as 1996 and through 2004, of the high risk that drug money was being of laundered through the CDCs. Wachovia was also aware that other U.S. banks had stopped doing business with the CDCs because of these concerns. Wachovia, however, continued to expand its business with the CDCs. Indeed, from at least May 2004 through December 2007, Wachovia provided correspondent banking services to various Mexican CDCs, including wire transfer, bulk cash, and pouch and remote deposit capture services, among others.
According to the documents, Wachovia allowed CDCs to wire transfer funds through accounts at Wachovia to recipients throughout the world. Wachovia also offered a “bulk cash” service to CDCs, through which the CDCs collected large sums of dollars that would be physically transported to the United States for deposit. In addition, Wachovia offered a “pouch” deposit service and later, a “remote deposit capture” (“RDC”) service, which allowed the CDCs to deposit at Wachovia items drawn on U.S. banks, including checks and traveler's checks, presented by their Mexican customers. According to the documents filed today, Wachovia did not have an effective anti-money laundering policy or procedure to monitor these transactions to detect and report potential money laundering activity, as required by the BSA. As a result, from May 1, 2004 through May 31, 2007, at least $373 billion in wire transfers were made from the CDCs to Wachovia accounts; more than $4 billion in bulk cash was transported from the CDCs in Mexico to accounts at Wachovia; and approximately $47 billion was deposited at Wachovia accounts through the RDC service. These monies included millions of dollars that were subsequently used to purchase airplanes for narcotics trafficking operations. Ultimately, more than 20,000 kilograms of cocaine were seized from these airplanes.
According to court documents, Wachovia also maintained account relationships with certain third-party payment processors for the telemarketing industry from 2003 to 2008. These processors deposited more than $418 million using remotely-created checks into Wachovia accounts on behalf of the telemarketers. Remotely-created checks are created when the holder of a checking account authorizes a payee to draw a check on that account but does not actually sign the check. In place of the account-holder’s signature, the remotely-created check generally bears a statement that the customer authorized the check. These checks were often returned as “unauthorized” resulting in return rates that, in some cases, exceeded 40 percent of the deposited checks. Wachovia admitted that it failed to identify, detect, and report the suspicious transactions in the third-party payment processor accounts, as required by the BSA, due to deficiencies in its anti-money laundering program. Specifically, Wachovia failed to conduct appropriate customer due diligence by delegating most of this responsibility to business units instead of compliance personnel. Wachovia also failed to monitor high return rates for remotely-created checks and report suspicious wire transfer activity from the processors’ accounts.
U.S. Attorney Jeffrey H. Sloman stated, “On the heels of the UBS international banking case, in which we held accountable the largest bank in Switzerland, today we announce the deferred prosecution of Wachovia, one of the largest banks in the United States. Wachovia’s blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations by laundering at least $110 million in drug proceeds. Corporate citizens, no matter how big or powerful, must be held accountable for their actions. Today’s historic agreement makes it clear that such conduct will not be tolerated and imposes the largest penalty in any BSA case prosecuted to date.”
“As this case demonstrates, financial institutions - no matter how large - will be held accountable when they allow dirty money to pollute the U.S. banking system,” said Assistant Attorney General Lanny A. Breuer of the Criminal Division. “With billions of dollars flowing through our financial institutions each day, it is imperative that banks maintain robust anti-money laundering controls to identify possible illegal activity.”
“A narcotics investigation always involves two things: drugs and money,” said Mark R. Trouville, Special Agent in Charge, Drug Enforcement Administration, Miami Field Division. “DEA Agents and our law enforcement partners investigating a multi-national drug trafficking organization were able to seize drugs and identify the associated financial trail. Diligent investigative work exposed how this organization capitalized on weak anti-money laundering practices at Wachovia to further their drug trafficking abilities.”
Daniel W. Auer, Special Agent in Charge of the IRS-CID in Miami, stated, “The law requires all banks, including Wachovia, to notify the Department of Treasury when they detect suspicious activity. By failing to maintain an adequate anti-money laundering program, Wachovia disregarded numerous financial transactions that should have raised "red flags" and caused their bank to act a as conduit to launder money.”
“The practices targeted by today’s enforcement actions reflect a totally unacceptable breakdown in the standards expected of banks’ anti-money laundering systems and compliance. Today’s actions by the OCC and other agencies demonstrate our firm commitment to the highest standards of compliance in this arena and the success of continued coordinated efforts by the Department of Justice, OCC, and FinCEN to ensure compliance with the requirements of the Bank Secrecy Act,” said John C. Dugan, Comptroller of the Currency. “Financial institutions must maintain anti-money laundering compliance programs and policies that are adequate to identify, analyze and report suspicious activity and are commensurate with the risks being undertaken. With these actions, we are sending another strong message that we will not tolerate use of the U.S. financial system to launder illegal monies.”
“In the recent past, Wachovia was the fourth largest commercial bank in the United States, and held itself out as a global leader in correspondent banking,” said James H. Freis, Jr., FinCEN Director. “During FinCEN’s joint investigation with our law enforcement and regulatory agency partners, it became evident that, despite such a prominent role in the domestic and international banking sectors and accompanying resources, Wachovia did not institute systems, controls and other measures to manage risk commensurate with the scope and magnitude of its products, services and business lines, particularly foreign correspondent banking.”
Wachovia Bank will merge into Wells Fargo Bank later this month. The Agreement binds Wells Fargo, as Wachovia’s successor, to continue to implement remedial measures to fully bring Wachovia into BSA compliance.
The CDC-portion of this matter was investigated by the DEA’s Miami Field Division, IRS-CID’s Miami Office, FinCEN, and OCC. The case is being prosecuted by Assistant U.S. Attorneys Andrea G. Hoffman and Jared E. Dwyer of the U.S. Attorney’s Office for the Southern District of Florida. The investigation of the third-party payment processors was prosecuted by Trial Attorneys Constantine Lizas and Matthew Haslinger of the Criminal Division's Asset Forfeiture and Money Laundering Section. This portion of the case was investigated by the Internal Revenue Service Criminal Investigation, Philadelphia Field Office and the U.S. Postal Inspection Service, Philadelphia Division.
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