FASCIST WARREN BUFFET’S Wachovia Bank Helped Launder $378,000,000,000 Mexican Drug Money
Wachovia regularly helped move money for Mexican drug cartels, the bank’s parent, Wells Fargo, has admitted in a deal with federal prosecutors, Bloomberg Markets magazine reports in its August issue
The deal, struck in March, “sheds light on the largely undocumented role of U.S. banks in contributing to the violent drug trade that has convulsed Mexico for the past four years,” Bloomberg writes.
Wachovia, which San Francisco-based Wells Fargo bought in 2008 amid the financial crisis, admitted it “didn’t do enough to spot illicit funds in handling $378.4 billion for Mexican-currency-exchange houses from 2004 to 2007. That’s the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history — a sum equal to one-third of Mexico’s current gross domestic product,” according to Bloomberg.
“Wachovia’s blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations,” Jeffrey Sloman, the federal prosecutor who handled the case, told Bloomberg.
Bloomberg tells how Mexican soldiers seized a DC-9 jet after it landed in April 2006 at the international airport in Ciudad del Carmen, 500 miles east of Mexico City: “They found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 million. The stash was supposed to have been delivered from Caracas to drug traffickers in Toluca, near Mexico City, Mexican prosecutors later found.”