International Money Laundering Scheme Ignored by Obama Administration (Open Thread)

Posted by Bridgette

The Corrupt Obama Administration and the Lamestream Media Aren’t Reporting?  Why Might that Be?


Money laundering happens in almost every country in the world, and a single scheme typically involves transferring money through several countries in order to obscure its origins.

Money laundering, at its simplest, is the act of making money that comes from Source A look like it comes from Source B. In practice, criminals are trying to disguise the origins of money obtained through illegal activities so it looks like it was obtained from legal sources. Otherwise, they can’t use the money because it would connect them to the criminal activity, and law-enforcement officials would seize it.”

Home Owners Across the Nation Sue All Bank Servicers and Their Offshore Havens;  Spire Law Officially Announces Filing of Landmark Lawsuit.

Largest International Money Laundering Network in History Formed During Obama Administration;

U.S. Banks’ Theft of Home Owners’ Money Laundered Through Cayman Islands, Isle of Man and Numerous Offshore-Based Affiliates


Press Release
April 23, 2012, 12:01 a.m. EDT
© Marketwire 2012

NEW YORK, NY, Apr 23, 2012 (MARKETWIRE via COMTEX) — 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.

“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.   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,”  stated Eric J. Wittenberg of Columbus, Ohio — a noted trial lawyer, author and student of US history — on behalf of plaintiffs in the case.

The suing home owners reveal how deeply they were defrauded by bank and governmental corruption — and are suing for conversion, larceny, fraud, and for violations of other provisions of New York state law committed by these financial institutions and their offshore counterparts.

This lawsuit explains why loans were, in general, rarely modified after 2009. It explains why the entire bank crisis worsened, crippling the economy of the United States and stripping countless home owners of their piece of the American dream. It is indeed a fact that the Administration has spent far more money stopping bank investigations, than they have investigating them. When the Administration’s agencies (like the FDIC) blew the whistle, their reports were ignored.

The case is styled Abeel v. Bank of America, etc., et al. — and includes such entities as ML Banderia Cayman BRL Inc., ML Whitby Luxembourg S.A.R.L. and J.P Morgan Asset Management Luxembourg S.A. — as well as hundreds of other obscure offshore entities somehow “owned” by federally chartered banks and formed “under the nose” of the Administration and the FDIC.

Commenting further on the case, Mr. Wittenberg stated:

“As if it is not bad enough that banks collect money and do not credit it to homeowners’ accounts, and as if it is not bad enough that those banks then foreclose when they know they do not have a legally enforceable interest in the realty, we now learn that they have been operating under unbridled free reign given by the Administration and some states’ Attorneys General in formulating this international money laundering network. 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.”

All United States home owners may have the right to bring a lawsuit of this kind if they paid money to a national bank servicer during the years 2003 through 2009.

One lawyer impacted by the corruption — Mitchell J. Stein, who formerly represented the FDIC, the RTC and the FSLIC during the Savings and Loan scandal of the 1990s, and who predicted all of the foregoing in open court two years ago — commented:

“Two years ago, I remarked in open court to a Los Angeles Superior Court Judge, as well as to legislators including Senator Dianne Feinstein’s office during a multitude of  in-person meetings, that the ongoing violations of the Patriot Act by these financial institutions was outrageous and a breach of the public trust of unprecedented proportions,” said Stein.

“The size and scope of this misconduct — stretching to far-away islands never before having standing as approved United States Bank affiliates — is remarkable and emblematic of what we have seen,” he continued. “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.”

Additional plaintiffs’ counsel Nicholas M. Moccia commented:

“Having been in the trenches of the bank crisis for years, I always knew that the misconduct was being conducted by a network. When I started litigating against banks, however, I could have never imagined that it would be this extensive. I look forward to taking discovery of these thousands of obscure foreign entities and to obtaining for homeowners their constitutionally entitled injuries for this international ring of theft and deception.”

Comments were requested from the Attorney Generals’ offices in NY, CA, NV, and MA and the White House, but no comment was provided.

About Spire Law Group

Spire Law Group, LLP is a national law firm whose motto is “the public should be protected — at all costs — from corruption in whatever form it presents itself.” The Firm is comprised of lawyers nationally with more than 250-years of experience in a span of matters ranging from representing large corporations and wealthy individuals, to also representing the masses. The Firm is at the front lines litigating against government officials, banks, defunct loan pools, and now the very offshore entities where the corruption was enabled and perpetrated.

SOURCE:  Spire Law Group, LLP
Published by Marketwatch

James N. Fiedler, Esq.
Managing Partner
Spire Law Group, LLP
Email Contact


H/T Helen


353 responses to “International Money Laundering Scheme Ignored by Obama Administration (Open Thread)

  1. From Orly’s

    I got a call from James N. Fiedler, a managing partner of a NY law firm, which filed a 43 trillion dollar law suit against multiple largest banks and top senior officials of Obama administration
    October 31, 2012

    I got a call from attorney Fiedler, he is a managing partner in the [Spires] law firm in NY that brought the legal action Abeel et al v Bank of america et al seeking 43 trillion dollars in funds de facto stolen in a Racketeering scheme.

    I asked him, why in his press release he mentions as defendants many officials in Obama administration and other high ranking officials, but in the pleading that was docketed by the Federal court, there are only banks listed. He said that there will be an additional pleading.

    He said that he knew about Obama’s bogus birth certificate.

    In regards to judges, he said that all the judges from the Eastern District of NY recused themselves aside from one judge, Judge Weinstein, who will be hearing the case.

    He stated that he knew about Camala Harris and her brother in law Tony West, # 2 in Obama department of Justice.

    He said that he and members of his firm will review my cases and want to list me as one of their resources.

    Their case is huge, 43 trillion dollars taken from american taxpayers in banking schemes. In comparison to their case, my case looks small and very limited. Their revelations are enormous, we’ll see if they will be able to find one honest judge.

    There is another problem. Our media is probably more corrupt than the media in Iran, nothing is reported. If judges want to bury this at the District level or higher levels, they can do it and 99.9% of the nation will never know.

    On the other hand the anger of the people is enormous too. The Internet fills in the gaps of MSM non-reporting.

    I see 2 options: either the regime will realize that they have to clean up their act starting with removing from office the criminal with forged IDs in the White House or people will revolt and it will be more violent than the Arab Spring, as this nation is heavily armed and the anger is reaching the boiling point.
    Here is a press release…

    • Has anybody ever found any evidence of this case in court dockets or any evidence, for example, of all these judges recusing themselves from it?

  2. Moved here from another thread.

    enerchi Saturday, October 27, 2012 12:13:00 PM EDT
    Wow! Sherrie. Great job in doing a screen capture. Blank page at CNBC but the article still remains at the Wall Street Journal affiliated publication called Market Watch.

    The link is here…..

    I will be linking back to this article. Thanks!

    Also the court documents have been released by my fellow bloggers at Removing The Shackles and Soldier Hugs. I will have the documents also available at my blog site as well. Thanks

  3. Still don’t know if this is for real.

    Spire Law Group complaint – 414 pages
    Case 1:12-cv-04269-JBW-RML

    dated Oct. 25, 2012

    United States District Court
    Eastern District of New York
    No. 12-cv-04269-JBW-RML

    [Assigned to: Senior Judge Jack B. Weinstein]
    [Referred to: Magistrate Judge Robert M. Levy]

    Verified First Amended Complaint for Damages and Injunctive Relief
    [Jury Trial Demanded]

    Signed by

    Spire Law Group, LLP
    James N. Fiedler

    Managing Partner
    Pro Hac Vice Application Pening

    Nicholas M. Moccia
    Law Office of Nicholas M. Moccia, P.C. Local Counsel

    45 Page Avenue
    Staten Island, New York 10309
    (718) 701-5772

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