The act of funneling money from an illegal venture through legitimate businesses in order to obscure the original source of the money. Money laundering was made illegal in the United States in 1986. Classical money laundering involves three stages: placement, layering, and integration. Placement is getting cash into the system. This usually involves a friendly banker who doesn’t fill out reporting forms. Layering is a chain of transactions (these are often interbank transactions) at least one of which needs to be invisible in order to effectively break the monetary trail. Integration is getting the “clean” money back to the original owner. This may take many forms, including offshore “loans” which are never repaid. (Conservapedia)
Chronological History of Events Related to Money Laundering
Feds announce seizure of enough fentanyl to kill 14 million people, 35 arrested
A multistate investigation involving more than two dozen law enforcement agencies led to the seizure of enough fentanyl to kill more than 14 million people from a drug trafficking ring operating out of Virginia, federal prosecutors announced Thursday. During the raids, dubbed "Operation Cookout," officials seized 30 kilograms each of fentanyl and heroin, 5 kilograms of cocaine, 24 firearms, and over $700,000 in cash. The more ...
Socialist AOC’s Top Aide Diverted $1 Million In Campaign Funds To Private Companies In “Elaborate Scheme”
Is there anything a Socialist loves more than other people’s money? Apparently not— especially in the case of Socialist Rep. Alexandria Ocasio-Cortez’s top Harvard educated aide, 33-year-old Saikat Chakrabarti, who allegedly funneled a pretty massive sum of money into his own private companies. The former Bernie Sanders organizer seems to attach his wagon to “public servants” whose primary focus is serving the poor and downtrodden. According ...
U.S. Office of Management and Budget Report: In fiscal year 2018, $137 billion was paid “improperly” by the federal government
(by Veronique de Rugy via The American Institute for Economic Research) In fiscal year 2018, $137 billion was paid “improperly” by the federal government, according to a recent report. That number sums all the improper payments by what the government calls high-priority programs. They are programs with improper-payments estimates exceeding $2 billion annually. If it makes your head spin, it should. Always the optimist, I have ...
First Ever Pentagon Audit Announced by Pentagon Comptroller David Norquist and spokesperson Dana White
For the first time in its 70-year history, the US Department of Defense (DoD) will be undertaking an agency-wide audit. Pentagon officials announced that a massive audit involving thousands of inspectors will be checking every nook and cranny of the gargantuan agency starting later in December 2017. Pentagon Comptroller David Norquist and spokesperson Dana White announced the audit, “It is important that the Congress and the ...
The Mysterious Death of Panama Papers Investigative Journalist Daphne Caruana Galizia
Caruana Galizia was the first person to learn of the Panamanian companies before the Panama Papers leak of April 2016. The Panama Papers are a collection of over 11 million leaked documents exposing shady financial dealings from more than 200,000 offshore entities, some dating as far back as the 1970s. When Maltese journalist Daphne Caruana Galizia began connecting the dots between corruption in her home country ...
Report by Mich St. Econ Prof. and Catherine Austin Fitts, former Asst. Sec. of Housing Indicates DOD and HUD Lost $21 Trillion from 1998-2015
A new report by Dr. Mark Skidmore, a professor of economics at Michigan State University, and Catherine Austin Fitts, former assistant secretary of housing analyzed the budgets of both the Department of Defense (DOD) and the Department of Housing and Urban Development (HUD) and discovered that these two departments alone lost over $21 trillion in taxpayer funds between 1998 and 2015, The report indicates that the "losses" were a direct result ...
Ronald Bernard, a Former Elite Dutch Banker who Facilitated Money Laundering & Tax Avoidance for Elites, Secret Service, Governments, & Terrorist Groups, Becomes a Whistleblower
The Alternative Media have long asserted that an international cabal of satanists controls our world. Now, a credible whistleblower has come forth, testifying to the cabal’s existence. He is a former elite Dutch banker named Ronald Bernard. Below is an interview of Bernard in Dutch, with English subtitles, followed by a transcript. The interview was conducted in cooperation with De Vrije Media by Irma Schiffers, a ...
$8.5 Trillion Missing from Pentagon Budget
A Reuters investigation reveals a missing $8.5 trillion in taxpayer money had been doled out by Congress to the Pentagon since 1996 that has never been accounted for. Story below source: Crooks & Liars Yahoo Money’ The Daily Ticker quoting a Reuters investigation that reveals that $8.5 trillion – that’s trillion with a “T” – in taxpayer money doled out by Congress to the Pentagon since 1996 that has never been accounted for ...
Mysterious London banker death officially ruled a suicide
In January 2014, the body of William Broeksmit, 58, a high-ranking Deutsche Bank executive, was found hanging in his London flat from a dog leash tied to the top of a door. William Broeksmit was the highest-ranking executive on Wall Street to take his own life in the aftermath of the financial crisis. He oversaw more than $60 trillion in derivatives on the bank’s books, which is larger than ...
NY Times Breaks that U.S. Agents Launder Mexican Profits of Drug Cartels
According to an article in the New York Times that first revealed the DEA money-laundering scheme to the public, U.S. drug agents supervised by the Justice Department likely laundered hundreds of millions in illegal profits — maybe more. The DEA and other agencies also helped send the illicit cash back across the border to Mexico in operations “orchestrated to get around sovereignty restrictions,” the Times reported ...
