Fiat crime (financing terror, money laundering, fraud, ponzi, etc.)

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In one of the largest cash heists in Los Angeles history, thieves made off with as much as $30 million in an Easter Sunday burglary at a San Fernando Valley money storage facility, an L.A. police official revealed Wednesday.

The burglary occurred Sunday night at a facility in Sylmar where cash from businesses across the region is handled and stored, according to L.A. Police Department Cmdr. Elaine Morales.

The burglars were able to breach the building as well as the safe where the money was stored, Morales said. Law enforcement sources said the break-in was among the largest burglaries in city history when it comes to cash, and the total surpassed any armored-car heist in the city as well.

Why did they rob a bank money storage facility?

Because that's where the money cash is.


British Billionaire Joe Lewis The Insider Trading Case and Sentencing Decision​

The recent sentencing decision in the insider-trading case involving British billionaire Joe Lewis has sparked significant debate and scrutiny. Lewis, 87 years old and worth an estimated $6.2 billion, pleaded guilty to securities-fraud charges for tipping off associates about confidential information regarding companies he was invested in. Despite his guilty plea, Lewis will not serve prison time, with the judge citing his advanced age and poor health as mitigating factors.

The case against Lewis centers on allegations that he provided insider information to a romantic partner, a poker buddy, and the pilots of his private jet, allowing them to profit from trading on the information. While Lewis himself did not directly profit from the scheme, his associates collectively made millions of dollars, raising questions about his culpability and the broader implications of white-collar crime in the financial world.

At his sentencing hearing, U.S. District Judge Jessica Clarke imposed a sentence of three years probation and a $5 million fine, deviating from federal sentencing guidelines that recommended a prison term of 18 months to two years. Clarke justified her decision by citing Lewis’s medical needs and advanced age, expressing concern for his well-being if incarcerated. This lenient sentencing approach has sparked criticism from some quarters, with detractors arguing that it sends the wrong message about accountability and the consequences of financial misconduct.


RE: post #3

Remember the movie "Heat"

Thieves steal $30 million in Easter Sunday Heist​

Apr 4, 2024
An Easter Sunday burglary at a San Fernando Valley money storage facility netted thieves as much as $30 million in cash in an operation that has, at least for now, left authorities baffled. Kareen Wynter reports for KTLA 5 News at 3, Apr. 4, 2024. Details:

Everything is a scamon Facebook.
The bank didn't got robbed.

A bank failure shattered trust in this Kansas town. Only honest talk will heal it.​

ELKHART — Eight months after a bank failure shook this historic and close-knit community, new details are emerging that indicate just how deeply the bank’s collapse was felt in town.

It’s a story about the theft of $47 million, which authorities allege the bank’s CEO used to cover his losses in an online cryptocurrency scam, but ultimately it’s a tale about trust and money and what happens when an institution that most of us take for granted collapses.

“People need to know what occurred,” Brian Mitchell, a third-generation resident and one of the targets of the scheme, told me. “There was a turning point when the victim became the thief.”

Shan Hanes, the CEO of Heartland Tri-State Bank, is charged in federal district court with embezzling $47.1 between May and July of last year to purchase cryptocurrency. If convicted, he could be sentenced to the maximum penalty of up to 30 years in prison.


Too bad for him that his last name isn't Corzine.
Parts of this had me laughing. Guy doesn't look like a thief.........but then again, what does a thief look like?

Thief says he tried on, then melted down Yogi Berra World Series rings | 60 Minutes​

Apr 8, 2024

Tommy Trotta spent decades stealing priceless sports memorabilia and artwork from museums. Having served some time, he gives up his playbook to 60 Minutes.



‘Panama Papers’ trial starts. 27 people charged in the worldwide money laundering case​

Updated 12:30 PM EDT, April 8, 2024

PANAMA CITY (AP) — The trial of 27 people charged in connection with the worldwide “Panama Papers” money laundering started Monday in a Panamanian criminal court.

Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive document leak.

The Panama Papers include a collection of 11 million secret financial documents that illustrate how some of the world’s richest people hide their money.

The repercussions of the leaks have been far-ranging, prompting the resignation of the prime minister of Iceland and bringing scrutiny to the leaders of Argentina and Ukraine, Chinese politicians and Russian President Vladimir Putin, among others.

The often-delayed trial opened Monday, with lawyers Juergen Mossack, Ramón Fonseca and other ex-employees of the firm facing money laundering charges.

Mossack was present in the courtroom; lawyers for Fonseca said he was in a hospital in Panama.



Vietnam tycoon gets death sentence in $12-bln fraud case​

HANOI, April 11 (Reuters) - A court in Vietnam handed the death sentence on Thursday to real estate tycoon Truong My Lan for her role in a 304-trillion-dong ($12.5-billion) financial fraud, the country's biggest on record, state media said.

Her trial, begun on March 5 and ending earlier than planned, was one dramatic result of a campaign against corruption that the leader of the ruling Communist Party, Nguyen Phu Trong, has pledged for years to stamp out.


Fiat is a crime per se

The money launderer, who charges a hefty fee to clients to exchange cash for gold and other currencies, has been operating via Heathrow to Dubai - the former doesn't scan outbound luggage for cash, while the latter welcomes sacks of it. They're also the #1 and #2 of the world's busiest airports for international passengers.

The UK mandates passengers declare amounts exceeding $10,000 to customs authorities. Larvin, however, risked arrest by not disclosing her precious cargo, not that anyone would notice. The suitcases slid through Heathrow's baggage-handling system and its 3-D scanner, designed to detect explosives rather than contraband currency.

The next morning in Dubai, the women calmly collected their bags, declaring $2.8 million at customs, a practice fully permitted by UAE law. While the UAE allows any amount of cash to enter its borders, the laxity of international airports in monitoring money flows has created a loophole, one exploited by money launderers worldwide.

Each year, more than $2 trillion in proceeds from illegal enterprises enters the global financial system, with a significant portion smuggled across borders by air. According to estimates by the UN Office on Drugs and Crime and the Financial Action Task Force, "hundreds of billions in illicit cash" fly out of the UK and other nations to countries with fewer regulations.

One of the reasons for so much airline smuggling is that banks around the globe have stepped up the reporting of suspicious transactions, making it more difficult to launder money using traditional wire transfers. So it's back to even more traditional ways of money laundering.



Trump, Putin & Co. - Deutsche Bank’s questionable clientele | DW Documentary​

May 9, 2024 #documentary #dwdocumentary #deutschebank

Deutsche Bank managers driven by greed set it on the wrong track in the 2000s. For many years, the financial institution maintained close ties with Vladimir Putin. And involved itself in shady deals with the Russian autocrat.

In the early 2000s, Deutsche Bank wanted to make it big in Moscow. For some employees, this was something to be achieved by any means necessary: bribing Putin’s officials, brothel visits for good customers, money laundering for the mafia.

When it all came to light, this sent a shock wave through the bank: to this day, Deutsche Bank is still laboring under the burden of fines totaling billions. But the CEOs claimed total innocence. Just one of many scandals.

Other questionable deals include loans to Donald Trump. The bank’s very special relationship with the US-American real estate tycoon began in the year 1998. Trump was one of Deutsche Bank’s best customers until shortly before his 2017 presidency. The credit institute loaned him huge sums - despite his track record for business bankruptcy and a dubious reputation as a defaulting debtor.

Nothing to see, can listen in one tab, play around the forum in a different tab.

TD Bank caught up in drug money-laundering scheme​

May 9, 2024 Listen to The Decibel, The Globe and Mail's daily news podcast

TD Bank has been plagued by concerns about its anti-money-laundering capabilities for over a year. In March 2023, they tried to acquire the U.S. based bank First Horizon Corp. Regulatory issues delayed the acquisition, and in May 2023, the deal fell through.

The extent of TD’s anti-money-laundering issues weren’t clear until now, when it’s revealed that TD is involved in a U.S. investigation of a US$653 million money-laundering and drug-trafficking operation. Tim Kiladze, financial reporter and columnist for the Globe, is on the show to talk about TD’s alleged lack of oversight and what this means for the bank – and its customers – going forward.


Unraveling the Agridime Scandal : A $10 Million Alleged Fraud in the Agricultural Sector​

In the world of agricultural investments, a recent scandal has sent shockwaves through the industry. A Texas-based company, Agridime LLC, is at the center of a significant controversy following a civil enforcement action filed by the U.S. Commodity Futures Trading Commission (CFTC). The CFTC alleges that Agridime LLC, along with its co-founders Joshua Link and Jed Wood, violated the Commodity Exchange Act, leading to a significant scandal in the agricultural sector. This scandal has raised serious questions about the integrity of agricultural investments and the mechanisms in place to protect investors.

Agridime’s Alleged Fraudulent Scheme

Agridime LLC, a company that offered a unique cattle purchase program, is accused of operating a fraudulent scheme that defrauded thousands of customers across at least 14 states. The company’s program purportedly allowed customers to buy and sell cattle without the actual day-to-day care of the cattle, a proposition that attracted many investors looking for a hands-off investment opportunity in the agricultural sector.



80-Year-Old Vet Scammed out of $1.5 Million in Gold Bars​

An 80-year-old veteran was reportedly defrauded out of $1.5 million of gold in a sophisticated scheme involving fake federal agents and phony sting operations.

According to Fox 13 in Tampa, one woman, Swetaben Patel, 42, was arrested Thursday for her participation in the scheme. “Police say there appear to be numerous people involved in this fraud scheme,” Fox 13 reported.

Police in Bradenton, Florida were first told of the scam by the 80-year-old vet—Fox 13 didn’t say in which branch he served—in April. The alleged incidents began in February, when the victim received a knock at his door from two people posing as federal agents, Fox13 reported, citing police documents.


Figured I post this here instead of the Russia or Ukraine threads because it's basically about supposed financial crimes. But the people mentioned here began dealing with Switzerland long before the Ukraine invasion.

On a different note: Who wouldn't want to deal with banks in secret? Look at us here in America. You go to work and get paid. Your pay is taxed. You put money away or invest it and your interest or gains are taxed. The money you put into a bank or invested (vehicle doesn't matter) was already taxed. And no matter the financial institution anything you make is reported to the gov. We're being royally screwed.

Imagine what'll go on with a completely digital currency?

Switzerland: A haven for Russian money? | DW Documentary​

May 27, 2024 #documentary #dwdocumentary

Despite sanctions against Russia, asset managers are said to have hidden money belonging to Putin‘s confidants. This documentary follows the trail of shadow bankers and high-ranking Russian officials to Switzerland.
Private jets and villas, bank accounts and financial assets: Switzerland is coming under criticism from the international community. Have Swiss asset managers and well-known institutions circumvented sanctions against wealthy Russians with good connections to the Kremlin?
When the Russian army invaded Ukraine in February 2022, the European Union responded with sanctions against Russia. Russian oligarchs who did business in Europe were also affected. Many of them keep their assets in Swiss private banks. Switzerland joined the sanctions, albeit hesitantly and only under pressure from abroad.
However, it appears that some Russian citizens are still managing to circumvent the sanctions. This is indicated by internal documents from a Zurich-based asset manager that were published on the darknet for a short time in 2023. How extensive are the concealed Russian assets? How seriously did the Swiss authorities take the sanctions? And by what means are the US and Europe trying to force the hand of the Swiss banks?

On a different note: Who wouldn't want to deal with banks in secret? Look at us here in America. You go to work and get paid. Your pay is taxed. You put money away or invest it and your interest or gains are taxed. The money you put into a bank or invested (vehicle doesn't matter) was already taxed. And no matter the financial institution anything you make is reported to the gov.
We're being royally screwed.
It only got that way by enough people being duped by those in power that it was a good idea.
.....and people still support and go along with it, while knowing we are screwed.

It's all built upon class warfare and the idea that the other guy is gonna get screwed harder than themselves.
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