[Liz]

The SEC and IRS would be interested in public school districts using tax-free bond proceeds to finance illegals.

Investors may have legal grounds if they were deceived about deceptive bond offerings characterizing the uses of tax-free bond proceeds.

In many cases, voters bond issues are approved by referendums at the ballot box----so that voters may have been misled WRT uses of fraudulent bond offerings.

Also culpable are:

<><> bonding companies underwriting possible fraudulent bond issues;

<><> banks holding possibly fraudulent bond proceeds;

<><> school finance administrators allocating the bond proceeds,

<><> school personnel accepting the bond proceeds.

<><> school vendors accepting possible fraudulent bond proceeds.

<><> publicly funded-groups advocating the uses of possible fraudulent bond proceeds.

===========================================

EMAIL---FBI TIPS PAGE https://tips.fbi.gov

EMAIL--enforcement@SEC.gov

Contact the IRS Fraud Unit

EMAIL Banking oversight agencies

More below

[Liz]

Find out which banks are facilitating this.
Which banks are designated the repositories of tax dollars.
Which banks are dispensing tax-exempt bond proceeds?

REFERENCE SOURCE: web site / occ.gov

The Office of the Comptroller of the Currency processes questions and complaints concerning consumer issues within the jurisdiction of the OCC through our Consumer Assistance Group (CAG) (and sends misdirected complaints to the appropriate federal or state regulator).

OCC processes complaints involving national banks and federal savings associations with more than $10 billion in assets on behalf of the CFPB, while the CFPB builds its capacity to handle complaints. Under this approach, the CFPB will begin by handling credit card related complaints involving national banks and federal savings associations with assets of $10 billion or more and will expand its complaint process to other products and services offered as the new bureau builds that capacity through March 2012.

Consumers can contact the bureau through its Web site, consumerfinance.gov, or by phone at 855-411-2372. Consumers may use the FFIEC site to identify a financial institution's primary regulator, or may use the FDIC institution directory to identify which institutions have more than $10 billon in assets.

For specific problems with a financial institution other than a national bank, contact the customer assistance:
(1) State Banking Department WRT a state bank
(2) Federal Deposit Insurance Corporation (FDIC), or,
(3) the Federal Reserve for federally chartered banks.

====================================================

NOTE WELL Under the Bank Secrecy Act, banks are required to establish, implement and maintain programs designed to detect and report suspicious activity indicative of money laundering and other financial crimes. “The Bank Secrecy Act was enacted to protect the public from harm by identifying and detecting money laundering from criminal enterprises, terrorism, tax evasion or other unlawful activities,” the special agent in charge for Internal Revenue Service Criminal Investigation, explained.

Shady banking transactions could be prosecuted under the (1) Bank Secrecy ACT, (2) RICO, and, (3) the Hobbs Act.

=============================================

<><> L/E should get ahold of: (1) copies of checks, (2) wire transfers, (3) account statements, (4) invoices, (5) bills, (6) delivery tickets, (7) correspondence including snail mail, e-mail, mobile devices, cell phones, (8) contracts, (9) loan agreements, (10) other account books or official records.

L/E should also explore (a) monies paid to brokers, sub- brokers, (b) family members, (c) mortgage brokers, (d) financial managers, and, (e) real estate agents, brokers, and developers.

<><> L/E should scrutinize bank accounts for suspicious activites: (A) large deposits, (B) funds transferred from one account into another, (C) frequent requests for withdrawals.

<><> Bank records might also show diversions to secret LLC accounts, to money launder and to operate personal ventures---or to finance campaign activities (and/or other redistribution schemes favored by the WH).

Tax fraud may also be a factor; facilitated by withdrawals, gift cards purchases, credit card purchases and intra-bank transfers from bond proceeds accounts into personal accounts, campaign accounts, or into other shady redistribution schemes.

[only1percent]

Public schools educating illegal immigrants is not only not illegal, it’s legally required by the U.S. Supreme Court.

Bond buyers are fully capable of making informed judgments about illegals in the schools. The poverty (measured by free- and discounted lunch) and racial and ethnic demographics of every school in every school district are published by the U.S. Department of Education. You can easily compare those to the racial demographics published by the U.S. Census Bureau to understand demographic trends in the district.

[LucyT]

TM, too.

ILLEGALS COMPRISE 10% OF 'SEVERAL' NY HIGH SCHOOLS AS STATE BRACES FOR THOUSANDS MORE

Check out article and comments.

Thanks, Liz.