On September 20, 2020, BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ) published the FinCEN Files, exposing over $2 trillion in suspicious financial transactions between 1999 and 2017. The investigation, involving 2,657 leaked documents and 2,121 suspicious …
FinCENBuzzFeed NewsInternational Consortium of Investigative JournalistsJason LeopoldDeutsche Bank+7 moremoney-launderingbankingfinancial-crimeregulatory-failuresuspicious-transactions+4 more
BuzzFeed News and the International Consortium of Investigative Journalists published the FinCEN Files, revealing more than $2 trillion in suspicious banking transactions reported to the U.S. Financial Crimes Enforcement Network between 1999 and 2017. The files contained over 2,100 Suspicious …
FinCENBuzzFeed NewsInternational Consortium of Investigative JournalistsDeutsche BankHSBC+4 moremoney-launderingbankingfinancial-crimeregulatory-failuresuspicious-transactions+2 more
The ICIJ/BuzzFeed ‘FinCEN Files’ exposed a massive global banking corruption investigation, revealing over $2 trillion in suspicious financial transactions across 200+ banks between 1999-2017. The leaked 2,657 documents, including 2,121 Suspicious Activity Reports (SARs), showed systemic …
$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
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
During a critical congressional testimony, Attorney General Eric Holder revealed the Department of Justice’s emerging doctrine of ’too big to jail’, acknowledging that prosecuting certain financial institutions could potentially destabilize the national and global economy. This …
Eric HolderDepartment of JusticeJPMorgan ChaseBank of AmericaCitigroup+2 moreinstitutional-captureregulatory-capturecorruptionfinancial-crisisbank-prosecution+3 more
Congress passes the Emergency Economic Stabilization Act, creating the $700 billion Troubled Asset Relief Program (TARP) to bail out major financial institutions. Despite extensive evidence of widespread mortgage fraud, predatory lending, and securities violations that precipitated the crisis, the …
Henry PaulsonGoldman SachsJPMorgan ChaseBank of AmericaCitigroup+3 moreinstitutional-capturecorruptionfinancial-crisisbailoutregulatory-capture+2 more
President Bush signed the Emergency Economic Stabilization Act authorizing 00 billion in bank bailouts with initially minimal oversight. Treasury Secretary Henry Paulson, former Goldman Sachs CEO, originally sought exemption from ‘review by any court of law or administrative agency.’ The …
George W. BushHenry PaulsonGoldman SachsCitigroupBank of America+2 morebank-bailouttarppaulsongoldman-sachswall-street+2 more