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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.
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.
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.
“Now that the light of day has been shined on it, I believe we can all rest assured that the beginning of the end of the bank crisis has arrived,” he added.
"The bank crisis represents the height of corruption and brazen behavior where our historically trusted financial institutions have no qualms about breaking the law, because they have the Administration behind them. Banks do well enough when they operate lawfully without needing to be permitted to operate as criminal enterprises that steal money from United States citizens."
Originally posted by R_Clark
You are always big on citizen rights.. great find..
Originally posted by XPLodER
bump for time to resurch this
this would explain a few things but it would be good to know more about spire,
and the claims are pretty big so ALOT of evidence would be required,
can anyon confirm the case number dates ect?
star and flag OP
link from here
It's 360 pages--didn't read it, so therefore, no comment.
Originally posted by BubbaJoe
It is a real complaint that has been filed. It looks like it was written by a first or second year law student. Most of it is conspiratorial in nature, and the work is really sloppy. While I agree the big banks have screwed us all over, especially with mortgage backed securities, credit default swaps, and other derivatives. This particular lawsuit does not stand a snow ball's chance in hell. Nice find OP, but Obama ain't involved, and the suit most likely will never make it past a judge, really crappy legal work.