Wachovia Busted

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Video: Wachovia Busted - Why George Carlin Was Heart Attacked

Posted By: Lion [Send E-Mail]
Date: Thursday, 1-Sep-2011 10:18:51

In Response To: Video: The Need To Repeat The Basics Over and Over (Lion)

--------- Business as usual. Buffet forks over 160 Million to the other crooks at the DOJ, and all is forgiven. ---------- Uploaded by MidNightRider2001 on Mar 19, 2010 US Government Lets Bank Off The Hook Wachovia Bank (Wells Fargo Corp. - Warren Buffet) reached a $160 million settlement with the Justice Department over allegations that a failure in bank controls enabled drug traffickers to launder drug money by transferring money from Mexican currency-exchange houses to the bank. Under a deferred-prosecution agreement with federal prosecutors in Miami, Wachovia, which is owned by Wells Fargo & Co., "admitted failure to identify, detect, and report suspicious transactions in third-party payment processor accounts," according to the Justice Department. Prosecutors said the bank processed $420 billion in transactions without using proper money-laundering detection. In a statement, Wachovia said it "has made significant enhancements to its [anti-money laundering] and [Bank Secrecy Act] compliance program that have strengthened its ability to guard against unlawful use of its system by wrongdoers." Wachovia has spent $42 million improving its compliance program, the bank said. http://online.wsj.com/article/SB10001424052748704059004575128062835484290.html tags Wells Fargo Drugs Money Laundering US Government George Carlin Execute White Bankers Wachovia Laundered Cocaine Mexico Colombia Coke Laundering Drug Trafficking Dealers Law Narcotraficantes ------------- Uploaded by: MidNightRider2001 Wachovia Busted Laundering Drug Money http://youtu.be/MoT_5Txwp5w http://www.youtube.com/watch?v=MoT_5Txwp5w&NR=1