Home Owners Across the Nation Sue All Bank Servicers and Their Offshore Havens

[dixiegrrrrl]

Don't know if this has been posted yet, but it sounds almost too good to be true.


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

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.
More:

http://www.marketwatch.com/story/home-owners-across-the-nation-sue-all-bank-servicers-and-their-offshore-havens-spire-law-officially-announces-filing-of-landmark-lawsuit-2012-04-23

[tabatha]

1. "it was privately ratifying the formation of these shell companies in violation "

I do not believe that. I believe the rest, but not Obama's involvement.

[ms.smiler]

2. I finally found a copy of the Complaint.

http://www.scribd.com/doc/91540154/Lawsuit

There is a great deal to read and I think I'll make a cup of coffee and settle in for a read this afternoon.

[dixiegrrrrl]

3. Scooch over, I will join you.

So glad you found that..I had looked but was not successful...thanks!!!!

[Demeter]

4. How Exciting! And it didn't even take 60 years

like the WWII financial scandals....

[dixiegrrrrl]

5. WW2 financial scandals????

Curious minds want to know more.....