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Eric Daugherty Verified account @EricLDaugh · Oct 13

🚨 BREAKING: In a massive move, Treasury Sec. Scott Bessent just slapped $1.21 BILLION in penalties on BANK OF AMERICA, which facilitated suspicious transactions involving CHINA and other nations

The bank racked up 475 apparent sanctions violations involving Iran, Russia, narcotics, and terrorism!

BESSENT FAFO 🔥

Bank of America reportedly ADMITTED it willfully broke federal anti-money laundering law.

Treasury says the bank failed to report more than $5 BILLION in suspicious transactions.

More than $1 billion of that was tied to national security risks, including Chinese money-laundering networks and cartel-linked activity along the southwest border

Treasury says the bank put its revenue ahead of compliance and ignored red flags tied to possible narcotics money

BESSENT: "Today's actions send a clear message that even the biggest financial institutions are not above the law."

They are not being let off the hook!

BESSENT JUST LAID THE HAMMER

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Deep Leaks Verified account @DeepLeaksHQ · Oct 14

🚨 HOLY CRAP! Trump Interior Sec. Doug Burgum just revealed he found NGOs where up to 100% PERCENT of their revenue was the federal government...

...and their CEO would make $650K a YEAR, and pay lobbyists $400K.

He exposes it: "We found organizations that were receiving grants from Interior, where 80 to 100 percent of the revenue of that NGO was a grant from the federal government."

"And yet those organizations, we were the sole source of their revenue, but they would have a CEO making $650,000 and four $400,000 lobbyists!" @RapidResponse47

Dems are FURIOUS the Trump admin is cracking down on this!

Keep pushing!

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Wall Street Apes Verified account @WallStreetApes · Oct 14

HOLY CR*P 🚨 California Democrat Governor candidate Xavier Becerra DISMANTLED THE FRAUD UNIT AT HHS when he was HHS Secretary under Joe Biden

After removing the fraud department he instructed that payments “flagged as high-risk by algorithms” be sent out anyway to Medicaid providers

“He dismantled the fraud unit at HHS. He also changed the policy to something called ‘Pay and chase.’ It used to be the case if there's something that seems suspicious or flagged, they would check it out first before sending the money. He changed that around so they send the money out and then maybe claw it back later, which of course they never did”

“The person who opened the floodgates to all of this fraud was none other than — Xavier Becerra”

I liked more into this, here’s how Xavier Becerra dismantled the fraud department

- When Xavier Becerra took office, HHS had roughly 80 people in its central program integrity function overseeing about $2.2 trillion in annual payments across 50 states and territories
- Xavier Becerra transferred or reassigned about 76 of them, leaving only 6
- Even RFK said this was done intentionally to gut oversight and creating “an invitation for the fraudsters.”

This was why so many foreigner owned fake Medicare and Medicaid health care companies spring up so quickly

RFK Jr even linked it to the fake hospice providers in Los Angeles that were billing for nonexistent patients and autism services fraud

This was INTENTIONALLY DONE

And instead of rotting in prison for this, Xavier Becerra is now running for governor for the largest state in America

Only in America is corruption like this possible

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Everett Stern Verified account @EverettStern1 · Oct 14

Dear Secretary Bessent @SecScottBessent,

My name is Everett Stern. In 2010 I was a compliance officer at @HSBC. From a back office in New Castle, Delaware, I watched billions of dollars move to drug cartels, sanctioned regimes, and terrorist organizations. The enemies of the United States. I documented it, I escalated it, and when the bank would not act, I took it to the @FBI, the @CIA, and eventually the @SECGov.

The result was a $1.92 billion settlement. At the time, it was one of the largest in American history. It was also about five weeks of the bank’s profit. Not one banker was charged. Not one went to prison.

I paid a different price. I lost my career, my savings, and my place in the industry I had trained for. I was blacklisted. Every door in American finance closed at once. I slept on a camping cot in a 300 square foot apartment because I could not afford a bed, and I waited tables at @PFChangs to eat. I tell you this not for sympathy, but so you understand that I know exactly what it costs to do the right thing in American finance, and exactly how little the system does in return.

I made that sacrifice because I believed it would change something.

Yesterday, your department fined @BankofAmerica $1.2 billion for failing to report more than $5 billion in suspicious transactions, some of it tied by your own findings to Chinese laundering networks, narcotics, and the southwest border, alongside 475 apparent sanctions violations touching Russia, Iran, and global terrorism. The bank admitted it willfully violated the Bank Secrecy Act.

Fourteen years after HSBC. A bank with “America” in its name. And once again, not one individual charged.

Secretary Bessent, I want to say plainly what I believe you already know. The fines are not working.

A fine is paid by shareholders, absorbed by the balance sheet, and forgotten by the next earnings call. Bank of America reported earnings this morning. Nobody who set the alert thresholds, nobody who decided the 2024 cease and desist could wait, nobody who chose the backlog over the law will lose a single thing they value. Their lives are untouched. That is the entire reason the behavior repeats.

This is money laundering. This is blood money. Money that reaches a cartel buys fentanyl that kills Americans. Money that reaches a terrorist organization buys the next attack. This country has fought a war on drugs and a war on terror for decades, at enormous cost in lives and treasure, and all the while we have allowed the financing to flow through institutions we charter and regulate. Cut off the money and we win. We have never seriously tried.

There is also a question of equal justice that I cannot let go.

Before I walked into the FBI building to report HSBC, I stopped in front of the Great Seal on the wall and read the words engraved beneath it: “Justice is the defense of our liberty.” I believed that. I still want to. But every day in this country, people go to prison for crimes that are nothing next to moving money for the people who want Americans dead. A suit, a title, and a corporate badge should not be a shield from the consequences that apply to everyone else. If a street dealer goes to prison for what he sells, the banker who moved the cartel’s money should be standing next to him.

I also want to raise something that is rarely said in these conversations. Why has no one inside Bank of America come forward the way I did? The answer is that everyone in American banking knows what happened to me, and to the whistleblowers who came after. The last person who spoke up is the only policy anyone believes. That is a culture problem, and it starts with leadership, in the banks and in the agencies that regulate them.

This is not a political issue. It has spanned administrations of both parties. It is a national security issue, and I am asking you to treat it as one.

Three things would change the math overnight.

Refer individuals for criminal prosecution. Not the analyst in the queue. The executives who set the thresholds and chose the risk. One banker in handcuffs would do more than every fine in Treasury’s history combined.

End “too big to jail.” An institution cannot be too big to fail and too big to jail at the same time. If it is the first, it must be held to a higher standard, not a lower one.

And if Bank of America will not act as America’s bank, review its charter. A national charter is a privilege granted on behalf of the American people. It should be conditioned on not moving money for the people trying to kill them.

Secretary Bessent, you said yesterday that these actions send a clear message that even the biggest institutions are not above the law. With respect, the institution was never the problem. The people inside it are above the law, and they know it. Until that changes, I will keep writing letters like this one, and the next bank will keep paying the next fine.

I gave up everything I had to stop this. I am asking you to use the power you have to finish it.

Respectfully,

Everett A. Stern
HSBC Whistleblower
Founder and Intelligence Director, Tactical Rabbit

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Sassafrass84 Verified account @Sassafrass_84 · Aug 22

So the “Stop Nick Shirley Act” (AB 2624) was PASSED by California Legislature and on its way to Governor Newsoms desk.

Can anybody please tell me how this is legal? You can’t stop somebody from expressing their first amendment rights. Nor can you stop people from wanting to investigate on how OUR TAX DOLLARS are being spent.

This is the government our forefathers warned us about.

Trump isn’t your dictator. California legislators and their governor is.

Pay attention.

This needs to be challenged and honestly our DOJ needs to get involved.

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