A comprehensive Senate Finance Committee investigation led by Senator Ron Wyden uncovered massive financial evidence demonstrating Jeffrey Epstein’s complex international money laundering and trafficking operations. The Treasury Department’s analysis revealed over 4,725 wire transfers …
Senate Finance CommitteeRon WydenTreasury DepartmentJeffrey EpsteinRussian banks+3 morejeffrey-epsteinrussian-oligarchsmoney-launderinghuman-traffickingsenate-investigation+4 more
During a critical congressional testimony before the Senate Judiciary Committee on March 6, 2013, Attorney General Eric Holder revealed the Department of Justice’s emerging doctrine of ’too big to jail’, acknowledging that prosecuting certain financial institutions could …
Eric HolderDepartment of JusticeJPMorgan ChaseBank of AmericaCitigroup+2 moreinstitutional-captureregulatory-capturecorruptionfinancial-crisisbank-prosecution+3 more
$25 billion settlement with five major banks over foreclosure abuses provides limited relief to homeowners. The agreement settled widespread ‘robosigning’ practices where banks mass-signed foreclosure documents without proper review. While nominally $25 billion, only $1.5 billion went …
Eric HolderBank of AmericaJPMorgan ChaseWells FargoCitigroup+2 moreprosecutorial-capturesettlement-abuseforeclosure-fraudimmunity-dealfinancial-corruption+1 more
The first comprehensive audit of the Federal Reserve revealed it secretly provided $16.1 trillion in emergency loans to major financial institutions during the 2008-2010 financial crisis, far exceeding the $700 billion TARP program. The audit exposed unprecedented scale of financial sector bailouts, …
Federal ReserveBen BernankeCitigroupMorgan StanleyGoldman Sachs+4 morefinancial-crisissecret-bailoutmonetary-capturefederal-reserveregulatory-capture+1 more
Bank of America announces a nationwide halt to foreclosures after revelations that employees signed thousands of foreclosure affidavits without reviewing the underlying documents, a practice dubbed “robo-signing.” The scandal exposes systematic fraud in the foreclosure process, with …
Bank of AmericaJPMorgan ChaseWells FargoGMAC MortgageOffice of the Comptroller of the Currency+1 moreforeclosure-fraudrobo-signinghousing-crisisregulatory-failurehousing
Investigation reveals major banks systematically falsified foreclosure documents through ‘robo-signing’, affecting 3.8 million homes. Employees at major lenders signed thousands of foreclosure affidavits without verifying information, creating a massive documentation fraud that …
Bank of AmericaJPMorgan ChaseWells FargoCitigroupGMACfinancial-crisisfraudforeclosure-abuseperjury
Bank of America completed its acquisition of Countrywide Financial on July 1, 2008, purchasing the nation’s largest mortgage lender for approximately $4 billion in a Federal Reserve-approved transaction that would ultimately cost Bank of America and its shareholders at least $50 billion in …
Angelo MoziloCountrywide FinancialBank of AmericaSecurities and Exchange Commission (SEC)Department of Justice+1 morefinancial-crisisregulatory-capturepredatory-lendingfraudaccountability-crisis+1 more
The Office of the Comptroller of the Currency (OCC) under John Hawke Jr. issues sweeping federal preemption rules that override state consumer protection laws targeting predatory lending practices. This regulatory capture systematically dismantles state-level safeguards that attorneys general like …
OCCJohn Hawke JrJulie WilliamsEliot SpitzerNational City Bank+2 moreocc-preemptionstate-law-overridepredatory-lendingregulatory-race-to-bottomconsumer-protection+1 more
Agha Hasan Abedi established the Bank of Credit and Commerce International (BCCI) in Luxembourg, creating an international bank with initial capital from Bank of America and Sheikh Zayed bin Sultan Al Nahyan. BCCI rapidly expanded to become the seventh-largest private bank in the world before being …
Agha Hasan AbediSheikh Zayed bin Sultan Al NahyanBank of Americabankingfinancial-crimeinternational-bankingmoney-launderingregulatory-capture