This is an example of the psychotic idiots AIG hired to manage money. Bruce Kelly with Investment News reports that Barry R. Stokes, formerly affiliated with AIG Financial Advisors Inc., spent time making voodoo dolls of his victims to ward off their damaging testimony.
Kelly writes:
Stokes plead guilty to multiple counts of embezzlement, as well as mail and wire fraud, and money laundering for stealing $19 million from some 35,000 victims nationwide, according to the U.S. Attorney's Office in Nashville, Tenn., from their 401(k), health savings, and dependent care accounts. On Friday Stokes was sentenced in U.S. District Court in Nashville to 12 years in prison after a hearing that presented evidence of his bizarre practices, according to reports in The Tennessean newspaper.
Some people may claim men like Stokes and Madoff are anomalies in the esoteric and once venerated world of high finance. Now we know better. Many of them are nothing but two-bit thugs, crooks and sociopaths with no conscience, high rollers spending money from the "little" people who are losing their jobs and homes. It wasn't long ago that AIG executives were partying down on taxpayer bailout money. It's clear to everyone that AIG and Wall Street executives consider American taxpayers nothing but a pathetic laughingstock.At a pre-sentencing hearing last week, prosecutors also said that Mr. Stokes paid a psychic with a credit card to give him readings while in jail, according to The Tennessean. He also wrote a letter to the psychic saying that he was lighting candles and throwing salt over his shoulder to keep critics and creditors at bay, according to the report. Stokes was registered with AIG Financial Advisors from October 2005 to September 2006, at which point his fraud was discovered and he was fired, according to brokerage records on file with the states where he was licensed to do business.
But these people aren't just corrupt, many of them are sick and morally depraved. R. Allen Stanford may be associated with satanic cults. He became blood brothers with the chief regulator of his Antigua bank. They cut their wrists and mixed their blood in a “brotherhood ceremony” that Stanford’s chief financial officer said promoted an elaborate scheme to hide a multibillion-dollar fraud from American and other regulators. The FBI and other agencies have been conducting an ongoing investigation of Stanford since 2008 for possible involvement in money laundering for Mexico's "Gulf Cartel", a ruthless drug gang in Mexico closely associated with the satanic cult known as "Saint Death" or in Spanish "La Santa Muerte".
The cast of characters in the financial world is like something right out of Kubric's film The Shining. Not only is the corruption at the highest levels of the government, multiple government agencies are involved. The Houston Chronicle reported yesterday that "Thomas Raffanello, a federal law enforcement agent for three decades and former global director of security at a Florida office of Stanford Financial Group, was indicted Thursday on charges of conspiracy to obstruct a federal investigation into the company.
"Raffanello, 61, of Coral Gables, is the second Florida-based Stanford employee to be accused of destroying records to obstruct the investigation by the U.S. Securities and Exchange Commission into the Houston-based financial firm. He was the special agent in charge of the U.S. Drug Enforcement Administration in Miami for about four years before joining the financial firm founded by native Texan R. Allen Stanford."
The fact is, Wall Street has been laundering drug money for years as this 1994 Seattle Times News article suggests.
Feds Probe Wall Street Firms For Laundered Drug Money 1994 - Seattle Times Staff: Seattle Times News Services
NEW YORK - Federal investigators are probing several brokerage firms on suspicion of laundering illegal drug profits, The Wall Street Journal reported today.
People close to the investigation told the paper and court documents show that $10 million has been seized from accounts at Merrill Lynch, Dean Witter, Prudential Securities and PaineWebber for alleged violations of the Racketeer Influenced and Corrupt Organizations Law.
Federal agents from the Treasury Department's U.S. Customs Service and the Internal Revenue service are also investigating transactions at Bear Stearns, the paper said.
Federal agents told the paper that brokerage firms are becoming the choice for drug dealers to make their profits look like they were made legally, because of the globalization of the securities business and a loophole in how cash is defined in the 1970 Bank Secrecy Act.
Banks have fallen out of favor for drug profits because all transactions that exceed $10,000 have to be reported to the IRS under the 1970 Bank Secrecy Act, the paper said.
Our country is controlled by corrupt psychopaths wearing business suits calling the shots from banks and investment firms; they not only control the government, they are the government. To anyone but the walking dead, this realization can no longer be attributed to tinfoil conspiracy theorists. These people are the enemy. This is who we're all up against. It's a class war from here on out until it's over.
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