Macri's money laundering abatement director worked in IMF & law firm tied to Nazi money laundering

[forest444]

Argentine President Mauricio Macri nominated Mariano Federici, a lawyer who works for the International Monetary Fund (IMF) to head the Financial Information Unit (UIF), the office in charge of investigating money laundering.

Federici’s proposed number two is María Eugenia Talerico, a member of the conservative lawyers' organization Será Justicia, which has a history of initiating politically-motivated lawsuits against officials in the administration of former President Cristina Kirchner; these lawsuits, though ruled frivolous in each case by the courts, were highly publicized at the time by the media.

The move comes less than a week after current UIF Director José Sbatella stepped down at Macri’s request even though his term was not scheduled to expire until 2018. Under Sbatella's tenure, Argentina was removed from the Financial Action Task Force's 'gray list' of countries with money laundering problems - making it one of the few countries to have improved their standing in recent years.

Federici, 42, studied Law at the Argentine Catholic University (UCA) and has a master at the University of Virginia. At the IMF, he has worked as an adviser for the Latin America and the Caribbean division. He participated in numerous investigations into money laundering in Peru and Uruguay.

Between 2001 and 2002, Federici also worked for Sullivan & Cromwell, an international law firm based in New York.

Sullivan & Cromwell gained notoriety during the period around World War II for serving as legal counsel, through its managing partner Allen Dulles, for Brown Brothers at the height of their money laundering activities for the Nazi Party, Krupp (the top Nazi weapons manufacturer), and I.G. Farben (the German chemical company which produced the Zyklon B gas used in concentration camps); as partner at Sullivan, Dulles signed his letters to Nazi officials with “Heil Hitler.” Other notable Sullivan & Cromwell clients at the time included United Fruit (which later called on Dulles to overthrow duly elected Guatemalan President Jacobo Arbenz) and Prescott Bush, who used Dulles' services at Sullivan to hide proceeds from Nazi banking activities instead of divesting them as government regulators had required.

At: http://buenosairesherald.com/article/205102/eximf-official-to-head-moneylaundering-unit

[leveymg]

1. It was Prescott Bush, GHW's father, who worked for Brown Bros that used S&C's services

to set up international financing for German bankers and industrialists connected to the Nazi Party. GHW was just a wee lad learning terrorist finance on his father's lap.

[forest444]

2. Thanks!

One could write a whole thread on Prescott's doings at UBC - the go-to bank for the Nazis even before they took office.

[leveymg]

3. Entire books have been written on the subject. Author John Loftus is a place to start.

Here's a good article in the Guardian that covers the subject and mentions Loftus: http://www.theguardian.com/world/2004/sep/25/usa.secondworldwar

[Judi Lynn]

4. The article reads like something from a horror story! Good grief. Who could have expected this?

Incredible machination.

María Eugenia Talerico's impact in the country may have served the current President prior to the election by working as ferocious mud-slinging against Cristina Fernández even though the lawsuits she brought were deemed frivolous by the judges. They still got the dirty work against Cristina accomplished, and served the purpose of extremely negative propaganda.

Sullivan & Cromwell? Absolutely ghastly. Opens the door again to hell itself. Nothing but evil connected to the names mentioned by the Buenos Aires Herald. I am so glad they had the civic responsibility needed to name them.

Valuable post, forest444. It's something US Americans need to know about Sullivan and Cromwell, even if they are completely ignorant about South America, and don't grasp the connections.