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Thursday, May 10, 2012

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

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

5th May 2012
By Madison Ruppert
Contributing Writer for Wake Up World
A new lawsuit, which is bordering on the unbelievable, implicates the Obama administration and some of the world’s largest banks in the largest international money laundering case in history.
This global money laundering network was allegedly formed during the Obama administration and helped banks rob U.S. home owners through offshore affiliates in infamous tax havens and money laundering hubs like the Cayman Island, Isle of Man, Luxembourg and Malaysia.
A press release published by Marketwatch (a website owned by the Wall Street Journal) via Marketwire on April 23, 2012, by America’s Spire Law Group, revealed that a mass tort action on behalf of home owners across the United States has been filed in the Supreme Court of New York, County of Kings.
The release states that the suit implicates every major bank servicer and their subsidiaries, as well as the Obama administration which allegedly was privately ratifying the formation of shell corporations in violation of not only the USA PATRIOT Act, but also State and Federal law as well.
This is all while the administration was very publicly encouraging home owners to modify their loans.
The suit, which has been assigned Index No. 500827 and was filed by the Spire Law Group and their affiliates and partners throughout the United States, also alleges that Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, among other federally chartered banks stole hundreds of millions of dollars from U.S. home owners through little-known offshore companies.
The money was then laundered through offshore corporations, and surprisingly the suit is quite explicit in identifying specific companies as well as the countries they are located in which were used to help defraud huge sums of money from Americans.
These activities are violations of the guidelines of the Federal Deposit Insurance Corporation (FDIC), New York state law, not to mention other states as well as federal law.
Columbus, Ohio-based trial lawyer and author Eric J. Wittenberg made some quite heated statements on behalf of the plaintiffs in the case.
“The laundering of trillions of dollars of U.S. taxpayer money — and the wrongful taking of the homes of those taxpayers — was known by the Administration and expressly supported by it. Evidence uncovered by the plaintiffs revealed that the Administration ignored its own agencies’ reports — and reports from the Department of Homeland Security — about this situation, dating as far back as 2010,” Wittenberg said.
“Worse, the Administration purported to endorse a ‘national bank settlement’ without disclosing or having any public discourse whatsoever about the thousands of foreign tax havens now wholly owned by our nation’s banks. Fortunately, no home owner is bound to enter into this fraudulent bank settlement,” he added.


read full article here Landmark Lawsuit by US Home Owners Implicates Obama and Big Banks in Massive Global Laundering Scheme | Wake Up World

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