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Marketwatch
In a lawsuit alleged to involve the largest money laundering
network in United States history, Spire Law Group, LLP -- on behalf
of home owners across the Country -- has filed a mass tort action in
the Supreme Court of New York, County of Kings.
Home owners across
the country have sued every major bank servicer and their
subsidiaries -- formed in countries known as havens for money
laundering such as the Cayman Islands, the Isle of Man, Luxembourg
and Malaysia -- alleging that while the Obama Administration was
publicly encouraging loan modifications for home owners, it was
privately ratifying the formation of these shell companies in
violation of the United States Patriot Act, and State and Federal
law.
The case further alleges that through these obscure foreign
companies,
Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank,
Citigroup, One West Bank, and numerous other federally chartered
banks stole hundreds of millions of dollars of home owners' money
during the last decade and then laundered it through offshore
companies. The complaint, Index No. 500827, was filed by Spire Law
Group, LLP, and several of the Firm's affiliates and partners across
the United States.
Far from being ambiguous, this is a complaint that "names names."
Indeed, the lawsuit identifies specific companies and the offshore
countries used in this enormous money laundering scheme. Federally
Chartered Banks' theft of money and their utilization of offshore tax
haven subsidiaries represent potential FDIC violations, violations of
New York law, and countless other legal wrongdoings under state and
federal law.
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