Spire Law’s Revelation of its lawsuit, the Largest International Money Laundering Lawsuit in History filed on April 17, 2012, Is Now Unambiguously Supported by Extensive Senate Subcommittee Reports Issued Just Three Months Later: Drug Cartels and Terrorist Financing Are Now Implicated as Having Entered U.S. Bank Markets Including Mortgage Ownership Servicing and Trading
On April 23, 2012, Spire Law Group, LLP – the National Law Firm devoted with more than 250-years-experience in piercing governmental corruption – announced to the world its landmark money laundering lawsuit in Kings County, New York, in behalf of home owners across the Country. These homeowners 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 was filed by Spire Law Group, LLP, and several of the Firm’s affiliates and partners across the United States.
Some commentators – including those at the New York Times -- remarked that the important lawsuit was “almost unbelievable.”
Now, the Senate Subcommittee on Homeland Security – on July 17, 2012 – issued its Report spanning more than 100-pages and chronicling that drug cartels, terrorists and other unsavory foreign “un-sourced” monetary organizations have infiltrated the United States banking system nationwide and worldwide in connection with the Spire-revealed money laundering network back in April, 2012.
According to the Senate Subcommittee on Homeland Security, the global risk has increased and has infested the banking system in terms of “anti-money laundering and terrorist financing vulnerabilities when a global bank uses its U.S. affiliate to provide U.S. dollars, U.S. dollar services and access to the U.S. Financial system to high risk affiliates, high risk correspondent banks and high risk clients.”
Despite recommended attempts to “strengthen anti-money-laundering controls to combat money laundering, drug trafficking, terrorist financing,” and other Patriot Act Violations, the United States has not been unable to stem the tide. Indeed, the United States Senate concluded that “the money laundering risks associated with correspondent banking have not been eliminated. Correspondent accounts continue to provide a gateway into the U.S. financial system, and wrongdoers continue to abuse that entryway.”
Sources close to the Subcommittee admit that the defendants in Spire Law’s money laundering lawsuit are some of the same unlawful money laundering networks investigated by the Senate Subcommittee on Homeland Security. The Subcommittee only reviewed 1.4 million documents and conducted 75 interviews – a paltry amount of research compared to the gigantic undertaking and lawsuit filed by Spire Law on April 17, 2012.
In view of the shocking nature of these revelations – which have been known to Spire Law as it has been recently serving the thousands of defendants – will ultimately lead to injunctive relief for innocent homeowners injured by the theft of their funds by international drug lords and terrorist cells. According to Spire Law’s managing partner James N. Fiedler – a former Senior Vice President and Counsel for Sony Corporation of America – “we are not going to allow theft of home owner’s money by terrorist and drug cells to be left unchecked. Injunctive relief nationwide will be sought in the event each and every financial institution does not stipulate to relief, given the Congressional Report and in light thereof.”
Spire Law’s staff has previously worked with the Department of Homeland Security regarding other defects in the mortgage servicing process since January, 2009. This resulted in the Interagency Task Force Report issued on April 14, 2011, finding all U.S. Bank servicers to have acted “unsafely” in their foreclosure practices. Now, the entire country can see just how much risk and un-safety the Government has allowed U.S. bank servicers to expose upon American home owners and other citizens: Terrorists; Drug Cartels; Human Slave Traffickers.
Indeed, the Congressional Report even found that unsavory Iranian systems were allowed entry into the Country’s banking system: “In the case of Iran, some foreign banks also abused what were known as “U-turn” transactions, which were allowable transactions under Treasury regulations.” While these regulations were modified in 2009, Spire Law Group has learned that the United States government has neither addressed nor stopped these transactions involving the rogue nation of Iran.
For example, the very bearer share corporate accounts and commercial paper used to foreclose out so many homeowners are artifices to defraud as found by Congress and Spire Law Group. It is for this reason alone that many if not all standard American mortgages over the past decade are unenforceable. According to Eric Wittenberg, noted author and partner of Spire Law Group, “existing case and statutory law do not allow for the possibility that – for example – Bank of America is unknowingly representing a terrorist trading in bearer bonds. These kinds of Patriot Act violations will ultimately be enjoined. Homeowners must be made aware of these realities, and if the state and federal government is not going to disclose the truth, it is the job of lawyers to do so. Spire Law is the only law firm that has amassed the evidence necessary to shut down this money-laundering foreclosure train by American bank servicers and their foreign, un-sourced counterparts."
Amazingly, the United States government has known the foregoing facts for many years, has allowed them to continue, and has issued no indictments whatsoever against anybody.
According to Mr. Fiedler: “The lawyer – who worked for the FDIC in the last bank crisis in 1990, Mitchell J. Stein – predicted that these would ultimately be the findings once Spire Law’s investigation was complete. Mr. Stein was correct and then some. As a 47-year member of the Bar, I am flabbergasted that there have been no criminal enforcement actions against any bank officers for bringing terrorists and drug cartels into our home mortgage ownership system. This situation is further exacerbated by the recent admissions of “LIBOR manipulating” by way of many of these same banks and financial institutions. Spire Law will now change this sad and dangerous state of affairs in the New York case and other cases being filed nationally.”
“Homeowners are advised to sit tight, to contact counsel of their choice, and to ignore inexperienced politicians like Kamala Harris who state that they ‘have it under control.’ They have nothing under control, and cannot even control terrorism within their own borders.
Comments were requested from the Attorney Generals’ offices in NY, CA, 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
Contact: James N. Fiedler, Esq.