Amazing stuff, thanks for posting. The guy who destroyed our financial system gets a bunch of parting gifts. Of course he had help and I’m sure his smarter accomplices did much better without any publicity.
Raines cooked the books---committed several felonies---and left the office a multi-millionaire. His one skill was bilking the taxpayers. He has yet to be brought to justice for his crimes.
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His accomplices made out like bandits.
The F/M bilking continues as we type. The MO: insiders create bogus companies that siphon off federal monies....the checks arrive like clockwork, and continue till eternity. We need to know how many US govt checks these lowlifes are cashing.
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When he went to jail, investigators found Ponzi crook, Bernie Madoff, had billions stashed offshore--- into a labyrinth of financial entities. Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......
......the labyrinth of hedge funds, management companies and service providers, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances. But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.