From: "Dr. Andy Fuehl" . 7 r. .

FW: Heads up FYI

Date: May 2, 2012 7:33:10 AM PDT
To: IIIPeter Santilli'" <peter@santilliassociates.com>
Hi Peter,
You definitely want to take a look at this. This going to poke a major hole into the banksters and
their agenda. I couldn't stop reading,
Andy
-Mon, 4/30/12,
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 homeowners. it \Vas privately ratif"ing the formation of these shell companies in violation
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 wrong-doings under state and federal law.
"The laundering of trillions of dollars of U.S. taxpayer money -- and the wrongful taking of
the homes of those taxpayers -- was known by the Administration and expressly supported by
it. Evidence uncovered by the plaintiffs revealed that the Administration ignored its own
agencies' reports-- and reports from the Department of Homeland Security -- about this
situation. dating as far back as 2010. Worse, the Administration purported to endorse a
'national bank settlement' without disclosing or having any public discourse whatsoever
about the thousands of foreign tax havens now wholly owned by our nation's banks.
Fortunately, no home owner is bound to enter into this fraudulent bank settlement," stated
Eric J. Wittenberg of Columbus, Ohio-- a noted trial lawyer, author and student of US
history -- on behalf of plaintiffs in the case.
The suing home owners reveal how deeply they were defrauded by bank and governmental
corruption -- and are suing for conversion, larceny, fraud, and for violations of other
provisions of New York state law committed by these financial institutions and their off
shore counterparts.
This lawsuit explains why loans were, in general, rarely modified after 2009. It explains why
the entire bank crisis worsened, crippling the economy of the United States and stripping
countless home owners of their piece ofthe American dream. It is indeed a fact that the
......... When the Administration's agencies Oike the FDIC) blew the whistle,
their reports were ignored.
The case is styled Abeel v. Bank of America, etc., et ale -- and includes such entities as ML
Banderia Cayman BRL Inc., ML Whitby Luxembourg S.A.R.L. and J.P Morgan Asset
Management Luxembourg S.A. -- as well as hundreds of other obscure off-shore entities
somehow "owned" by federally chartered banks and formed "under the nose" of the
Administration and the FDIC.
Commenting further on the case, Mr. Wittenberg stated: "As if it is not bad enough that
banks collect money and do not credit it to homeowners' accounts, and as if it is not bad
enough that those banks then foreclose when they know they do not have a legally enforceable
interest in the realty, we now learn that they have been operating under unbridled free reign
given by the Administration and some states' Attorneys General in formulating this
international money laundering network. Now that the light of day has been shined on it, I
believe we can all rest assured that the beginning of the end of the bank crisis has arrived."
All United States home owners may have the right to bring a
lawsuit of this kind if they paid money to a national bank
servicer during the years 2003 through 2009.
One lawyer impacted by the corruption -- Mitchell J. Stein, who formerly represented the
FDIC, the RTC and the FSLIC during the Savings and Loan scandal of the 1990s, and who
predicted all of the foregoing in open court two years ago -- commented: "Two years ago, I
remarked in open court to a Los Angeles Superior Court Judge, as well as to legislators
including Senator Dianne Feinstein's office during a multitude of in-person meetings, that the
on-going violations of the Patriot Act by these financial institutions was outrageous and a
breach of the public trust of unprecedented proportions, "said Stein.
"The size and scope of this misconduct -- stretching to far-away islands never before having
standing as approved United States Bank affiliates-- is remarkable and emblematic of what
we have seen," he continued. "The bank crisis represents the height of corruption and brazen
behavior where our historically trusted financial institutions have no qualms about breaking
the law. bectlue the" have the Administration behind them. Banks do well enough when they
operate lawfully without needing to be permitted to operate as criminal enterprises that steal
money from United States citizens. "
Additional plaintiffs' counsel Nicholas M. Moccia commented: "Having been in the trenches
of the bank crisis for years, I always knew that the misconduct was being conducted by a
network. When I started litigating against banks, however, I could have never imagined that
it would be this extensive. I look forward to taking discovery of these thousands of obscure
foreign entities and to obtaining for homeowners their constitutionally entitled injuries for
this international ring of theft and deception."
Comments were requested from the Attorney Generals' offices in NY, CA,
Viand MA and the White House, but no comment was provided.