911:Financial scandals

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[edit] Introduction

[edit] Institutional Fraud

Institutional fraud can consist of various fraud and corruption crimes, such as: money laundering, insider trading, bribing, racketeering, loan sharking, insurance scams, evidence destruction.

[edit] BCCI Bank

  • Bank of Credit and Commerce International - CIA backed criminal bank, which managed transactions and relations for: drugs deals, arms trade, (sex) slaves traffic, mercenary funding, bribing/extortion, and more.
  • "The Bank of Credit and Commerce International (BCCI) was a major international bank founded in Pakistan in 1972. At its peak, it operated in 78 countries, had over 400 branches, and claimed assets of $25 billion."

[edit] Vatican Bank

[edit] Vatican Bank / Banco Ambrosiano

  • Vatican Bank - "The Vatican Bank was involved in a major political and financial scandal in the 1980s, concerning the 1982 $3.5 billion collapse of Banco Ambrosiano, of which it was a major share-holder. The head of the Vatican Bank from 1971 to 1989, Paul Marcinkus, was indicted in 1982 in Italy as an accessory of the bankruptcy."
  • See also:
    • P2 masonic lodge: "P2 was implicated in numerous Italian crimes and mysteries, including the nationwide bribe scandal Tangentopoli, the collapse of the Vatican-affiliated Banco Ambrosiano, and the murders of journalist Mino Pecorelli, Prime Minister Aldo Moro, and banker Roberto Calvi."
      • Roberto Calvi - (1920-1982, murdered) an Italian banker dubbed by the press as "God's Banker", due to his close association with the Vatican.
    • Clearstream scandal with the Banco Ambrosiano scandal
    • "At the time, Archbishop Marcinkus, an American-born friend of William A. Wilson, was under investigation by Italian authorities for the role he and the Vatican bank played in Italy's largest banking scandal, the 1982 collapse of the $1.2 billion Banco Ambrosiano." [1]
      • "William A. Wilson (born November 3, 1914) was an American diplomat and businessman from Los Angeles. A close friend of President Ronald Reagan, was appointed as first (or re-instigation?) United States Ambassador to the Holy See, in 1984. Previously he was personal representative of the United States President to the Holy See, from 1981." [2]
      • To research: Leo Wanta fund hoax.

[edit] HUD fraud scandal

[edit] Savings and Loan fraud

"The Savings and Loan crisis of the 1980s was a wave of savings and loan association failures in the United States in which over 1,000 savings and loan institutions failed. The ultimate cost of the crisis is estimated to have totaled around $150 billion, about $125 billion of which was consequently and directly subsidized by the U.S. government, which contributed to the large budget deficits of the early 1990s. The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990-1991 economic recession."

[edit] Teamsters Union fraud

[edit] Guarantee Security Life Insurance Company

  • Guarantee Security Life Insurance Company (GSLIC)
    • "According to the Florida Insurance Commissioner: [GSLIC] was, almost from the beginning, a massive fraud, aided and abetted by blue-ribbon brokers and licensed professionals motivated by their own self-interest. The fraud at Guaranteed Security was a carefully orchestrated bank robbery. But the thieves disguised themselves with the help of accountants and brokers and lawyers rather than wearing silk-stocking masks." ... "Together they looted the company of more than $80 million."

[edit] Stock market fraud cases

  • todo: insider trading studies
  • todo: Option fraud study NYSE (2000 of 2500 NYSE companies suspect of insider trading)
  • todo: 9/11 put options (United Airlines, American Airlines, Marsch & Mclennan, ...)

[edit] Parmalat

  • "At the end of 2003, one of the biggest corporate scandals in history came to light as an €8 billion hole was discovered in Parmalat's accounting records."

[edit] Financial-crime evidence destruction

[edit] 1992 NYC WTC bombing

[edit] 1995 Oklahoma bombing

[edit] 2001 NYC WTC complex bombing

  • WTC 1
  • ...
  • WTC 2
  • ...
  • WTC 7
    • SEC
    • Intelligence service
  • ...

[edit] Political corruption


[edit] Links

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