Bankster Crime

Exposing Fraud in the Banking System

Bank Fraud

HNewsWire: By MICHAEL R. SISAK, JAKE OFFENHARTZ and JENNIFER PELTZ NEW YORK (AP) — A New York judge ordered Donald Trump on Friday to pay $355 million in penalties, finding that the former president lied about his wealth for years in…

The Black Swan Rears Its Head: The Fed Has Negative Capital Using GAAP Accounting BanksterCrime: By Pam Martens and Russ Martens, The Fed’s unprecedented experiments with years of ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing), where it bought up trillions…

BanksterCrime: For the First Time in History, the Fed Is Reporting Billions in Losses Weekly; It’s Still Paying High Interest Income to the Mega Banks on Wall Street By Pam Martens and Russ Martens: April 8, 2024 ~ Jerome Powell, Chairman of…

BanksterCrime: By Pam Martens and Russ Martens: April 4, 2024 ~ On Wednesday, April 3, Cathie Wood, CEO and Chief Investment Officer of ARK Investment Management, reiterated her price target of $2,000 on Tesla, the electric vehicle manufacturer. Tesla’s stock opened Wednesday…

BanksterCrime: By Pam Martens and Russ Martens: April 3, 2024 ~ Finance Professors John Griffin (left) and Alex Priest Last August, the Journal of Finance published a study by two finance professors that should have made bold headlines in every major…

BanksterCrime: By Pam Martens and Russ Martens: April 2, 2024 ~ Jamie Dimon, Chairman and CEO of JPMorgan Chase, Shows Off Presidential Cuff Links While Testifying Before Congress in 2012 on the London Whale Trading Scandal Remember that time in…

3/30/24: Five Banks Have a Combined Half Trillion Dollars in Commercial Real Estate Loans; Number 1 is JPMorgan Chase

By Pam Martens and Russ Martens: Yesterday, American Banker released a report showing that five banks in the U.S. hold a combined half trillion dollars in commercial real estate (CRE) loans. It came as a big surprise to a lot of folks…

Sam Bankman-Fried, the Founder of FTX, Has Been Convicted of Fraud and Has Been Sentenced to a Lengthy 25-Year Prison Term

Good Day America… By SRH, FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison by U.S. District Judge Lewis Kaplan in New York. The judge rejected Bankman-Fried’s argument that FTX customers did not suffer any losses and…

3/26/24: Wall Street’s Go-To Law Firm, Sullivan & Cromwell, Got in Bed with Crypto; Now Its Reputation Is Being Hammered

By Pam Martens and Russ Martens: Ryne Miller, Former Sullivan & Cromwell Partner Who Became General Counsel of FTX.US Since January, the reputation of Wall Street’s go-to law firm, Sullivan & Cromwell, has been repeatedly hammered. It all stems from the law…

3/22/24: FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray,Ray Said Bankman-Fried’s Victims “Will Never Be Returned to the Same Economic Position They Would Have Been in Today Absent His Colossal Fraud

By Cheyenne Ligon Current FTX CEO John J. Ray III is pushing back against his disgraced predecessor Sam Bankman-Fried’s claims that customers lost “zero” money in the exchange’s 2022 collapse, calling them “categorically, callously, and demonstrably false.” In a victim…