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WASHINGTON - The United States has filed a complaint to forfeit $2,372,793 associated with four companies, announced the Acting U.S. Attorney for the District of Columbia Michael R. Sherwin, Emmerson Buie, Jr., Special Agent in Charge of the FBI Chicago Field Office, and Steven Cagen, Special Agent in Charge of the HSI Denver Field Office.            The complaint alleges that the four companies laundered United States dollars on behalf of sanctioned North Korean banks.  According to the complaint, the North Korean banks used these laundered funds as part of a scheme to procure goods for...

If you were president of the United States, would you hire an alleged former spy for Fidel Castro to be ambassador to El Salvador, a country teetering on the brink of hard-core socialism? President Obama just did. On Dec. 9, Obama nominated Mari Del Carmen Aponte to be ambassador to El Salvador, despite the fact that in the late 1990s, the FBI discovered that she was working with Cuban intelligence officers. According to Insight Magazine, "When the FBI eventually questioned her about her involvement with Cuban intelligence, she reportedly refused to cooperate." Why would Aponte escape the Obama administration's scrutiny?...

CHICAGO (CBS)– Dozens of stores, banks and other businesses were broken into across downtown Chicago overnight. The unrest started around 11 p.m. Sunday and cause of the unrest is still unknown at this time, but it does appear to be a coordinated effort. VIdeo shows multiple cars parked on the streets as people ran out and broke into stores. Bridges surrounding The Loop are closed to traffic. Expressway ramps leading into the downtown area are also shut down. The Best Buy at North and Clybourn was destoyed by looters. Boxes and debris from stolen merchandise were strewn across the parking...

DENVER – United States Attorney Jason R. Dunn announced that Jenifer Adriana Lopez-Ramirez, age 22, of Denver, Colorado, was sentenced to serve 228 months (19 years) in federal prison for six bank robberies and use of a firearm during and in relation to crimes of violence.  Following her prison term, Lopez-Ramirez will serve 3 years on supervised release.  She was also ordered to pay restitution to the U.S. government as the banks were federally insured.  Lopez-Ramirez appeared at the sentencing hearing in custody, and was remanded at its conclusion.  The Denver office of the FBI joined in today’s announcement.According...

The relationship between banks and cryptocurrency in the United States has been as complicated as the concept of “money” itself. But today’s interpretive letter from the Office of the Comptroller of the Currency (OCC) may be changing all of that. The OCC serves to charter, regulate and supervise national banks. Today’s OCC letter clarifies that national banks have the authority to provide fiat bank accounts and cryptocurrency custodial services to cryptocurrency businesses. This clarification from the OCC may open the doors for larger financial institutions to be more comfortable providing traditional bank accounts to cryptocurrency companies, as well as actually provide...

You wouldn’t know watching ABC, CBS and NBC evening news shows that top investment banks reported record revenues in the second quarter. The Big Three censored the story in a way that would make Orwell proud.

We covered previously the dark past of Jay Clayton which made His name and fortune at Sullivan & Cromwell helping Goldman Sachs, JP Morgan, and other big banks skirt the SEC regulations. Even crazier is He is now the head of the SEC, Another shocking set of events was the prosecutor in a criminal probe into Goldman Sachs and JP Morgan was just removed by Barr and He was attempting to replace Him with none other than Jay Clayton. The newest shocking action is the SEC just rendered the 13F filing required by institutional money managers useless. In fact the...

This is next-level fierce: Dancing With the Stars has tapped Tyra Banks to replace Tom Bergeron as host. The announcement comes roughly 36 hours after ABC confirmed the departures of the ABC dance competition’s longtime host Bergeron as well as co-host Erin Andrews. Banks’ reign will begin with Season 29, slated to bow this fall (view ABC’s complete fall lineup here). In a statement, the erstwhile America’s Top Model host said, “I’ve been a fan of DWTS since its beginning. The fun mixed with raw emotion, seeing celebrities push past their comfort zones, the sizzling dance performances. It’s always transported...

Netflix is pledging $100 million to support black-owned banks, the company announced Tuesday. The streaming video giant announced that it would shift 2 percent of its cash holdings to African American-owned US financial institutions in order to “directly support Black communities in the US.”

A lot of people posting about #PhillyExplosions overnight. Explosions appear to be the result of an organized effort to blow up ATMs for the Cash. SEE VIDEO...

John Jacob Astor, the richest man on board the Titanic, famously gave up a seat in the final lifeboat when he saw two young children still on the ship's deck. "Women and children first" was the order from the ship's captain, and the final numbers show just how much the men on board -- even the rich and powerful -- adhered to that call. Women on the Titanic had a 75% survival rate, compared with just 17% for men. Besides some crazed radical feminists, most of us view the chivalry displayed on that sinking ship with a sense of awe...

looking to find a different bank, switched to a credit union that I am not sure they know what they are doing, and charge me fees just to transfer $ from one account to another for more than 4 transfers a month. I don't know who to trust on the website searches, I just want to know who is the best and cheapest

U.S. equity markets rallied Tuesday as some of the country’s biggest banks kicked off earnings season. The Dow Jones Industrial Average gained 596 points, or 2.6 percent, while the S&P 500 rose 2.5 percent. The Nasdaq Composite surged 2.9 percent, on track to leave its bear market and stretch its winning streak to four days, the longest since February. The index must close higher by at least 40.38 points to officially exit.

JPMorgan Chase says it will close 20% of its branches because of the coronavirus pandemic... https://www.cnbc.com/2020/03/18/jpmorgan-says-it-will-close-20percent-branches-because-coronavirus-pandemic.html

Turkish President Recep Tayyip Erdogan was among the targets of an investigation in Turkey into suspected bribery and money laundering in connection with a scheme to help Iran evade sanctions, a former Istanbul police officer has testified. The officer, Huseyin Korkmaz, told a New York court on December 11 that the Turkish investigation that he led in 2012-2013 initially focused on Turkish-Iranian businessman Reza Zarrab, who U.S. prosecutors have said was the mastermind behind the Iran sanctions evasion scheme, but later grew to include dozens of others. He called Erdogan the "No. 1" target in a group that also included...

It is no secret that the political Left’s wish list overflows with radical proposals that are far too unpopular to pass into law. Extreme, socialist ideas such as free college tuition, outlawing fossil fuels, speech restrictions, universal Medicare, open borders, firearm bans, and guaranteed income are just some of the menu items they dream of serving up to the American people. Thankfully, the vast majority of voters still find these ideas too hard to swallow. But liberals have never been known to let a little thing like democracy stand in the way of their grand schemes, or, as Democrat Rep....

Former New York City Mayor Mike Bloomberg said at a private event in 2016 that his presidential campaign platform would have been to "defend the banks" and also labeled the progressive movement and Massachusetts Sen. Elizabeth Warren, now a rival for the 2020 Democratic presidential nomination, as "scary." When asked his views on the rise of the far right in Europe, Bloomberg warned about the rise of progressive politicians in the US, citing Warren. "The left is arising. The progressive movement is just as scary," he says. "Elizabeth Warren on one side. And whoever you want to pick on the...

House Democrats are proposing that all banks and credit unions receive a new "diversity and inclusion" rating in an unprecedented step that would fundamentally alter federal regulators' critical "CAMELS" rating system that currently employs a series of metrics that solely assess the financial health of banking institutions. The "Promoting Diversity and Inclusion in Banking Act of 2019" is draft legislation supported by Democrats on the House Subcommittee on Diversity and Inclusion, which was created by House Financial Services Committee chairwoman Maxine Waters Rep. Maxine Waters, D-Calif. Waters has long pushed for government-led diversity efforts, even as Republicans have challenged her knowledge of fundamental economic issues. "We need to change it and...

Last week, Wells Fargo and Fifth Third Bank announced they no longer would donate to the Florida Tax Credit Scholarship Program, which enables more than 108,000 low-income children and children in foster care to receive scholarships to attend a safe and effective school of choice. The move comes after the Orlando Sentinel published a piece suggesting that $105 million in tax credit scholarships had been used by families to pay tuition at faith-based schools that, as The Federalist’s Joy Pullmann put it, “uphold their faiths’ historic sexual ethics.” Businesses that contribute to nonprofit scholarship-granting organizations in the state can receive...

GRESHAM, Ore. (KOIN/CNN) - A former employee for U.S. Bank says she lost her job for helping a cash-strapped customer who was worried he wouldn’t be able to afford Christmas presents for his kids. Emily James, a senior banker at the U.S. Bank call center in Gresham, Ore., says she was working Dec. 23 when a customer called because the bank had put a hold on his paycheck. He said his bank account was empty, and he wouldn’t be able to buy his kids presents or afford living expenses for several days. James says she tried for two days to...