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LuxLeaks Whistleblowers on Trial For Revealing Tax Avoidance Schemes

LuxLeaks Whistleblowers on Trial For Revealing Tax Avoidance Schemes
By Andrew Emett
Posted April 27, 2016

Luxembourg leaksInfamous for exposing the multi-billion dollar tax avoidance scandal known as the Luxembourg Leaks, or LuxLeaks, two whistleblowers and a journalist began trial on Tuesday for allegedly violating trade secrets and other theft charges. Although Transparency International has called for a dismissal of their case, Luxembourg does not consider the defendants to be whistleblowers.

Despite the fact that the LuxLeaks scandal was the largest exposure of corporate tax evasion documents prior to the Panama Papers, the government of Luxembourg does not recognize Deltour and Halet as whistleblowers, nor does it recognize Perrin’s journalistic freedom. In a recent statement, Transparency International wrote, “Under the Luxembourg law, Deltour is not considered a whistleblower because the legislation is limited to corruption offenses. In addition, it only protects whistleblowers against dismissal, not against prosecution. More…

Days After Wells Fargo Admits Defrauding The Government, NY Fed Rewards It With Primary Dealer Status

Days After Wells Fargo Admits Defrauding The Government, NY Fed Rewards It With Primary Dealer Status
by Zero Hedge
Posted April 23, 2016

no justice in the U.S.Back on April 9 we described the latest example of how criminal Wall Street behavior leads to zero prison time and just more slaps on the wrist, when Warren Buffett’s favorite bank, Wells Fargo, admitted to “deceiving” the U.S. government into insuring thousands of risky mortgages. According to the settlement, Wells Fargo “admits, acknowledges, and accepts responsibility” for having from 2001 to 2008 falsely certified that many of its home loans qualified for Federal Housing Administration insurance.

In short: it admitted that is deceived and defrauded the government. Its “punishment” – a $1.2 billion settlement of a U.S. Department of Justice lawsuit, the highest ever levied in a housing-related matter.

And now, having suffered so much trauma which led to precisely nobody going to prison, less than two weeks later it’s time for Wells to get its reward: as Bloomberg reported earlier, the “bond market’s most exclusive clubs got a new member” when the NY Fed granted the criminal Wells Fargo Primary Dealer status. More…

Bankers Above The Law; The Veneer Of Justice In A Kingdom Of Crime

Bankers Above The Law; The Veneer Of Justice In A Kingdom Of Crime
by John Titus
Posted March 26, 2016

veneer of justiceThe criminal global banking cartel has effected a coup d’etat in the U.S. This is why the same criminal financial elite that saw 1000 of its members go to prison 20 years ago (after the S&L crisis) is now above the law.”

To date, the question of why the U.S. Department of Justice has failed to prosecute even one too-big-to-fail bank for the pervasive criminal frauds that drove the multi-trillion-dollar economic meltdown of 2008 has been answered pretty much with shrugs. The DOJ never truly investigated Wall Street crime due largely to the so-called collateral consequences doctrine—really explains how rather than why prosecutions have been scuttled. More…

JPM Announces $1.9 Billion Buyback One Month After CEO Jamie Dimon Buys 500,000 Shares In The Open Market

JPM Announces $1.9 Billion Buyback One Month After CEO Jamie Dimon Buys 500,000 Shares In The Open Market
by Zero Hedge
Posted Match 20, 2016

Jamie Dimon to Congress: "I own you"On February 12, Jamie Dimon made headlines when he bought 500,000 shares, or some $26 million worth of JPM stock which coming one day after the market hit its lowest point in the recent selloff, has become known as the “Dimon Bottom.” Was it just good timing or was there something more to the purchase some wondered. As it turns out the purchase may have been nothing more than Jamie frontrunning his own company’s multi-billion buyback, because as JPM announced moments ago, the company of which he is a CEO, just authorized the repurchase of an additional $1.9 billion in stock over the next three months, thereby assuring CEO Jamie of an even great profits on his recent acquisition.

And now the legal question: did Dimon have knowledge that JPMorgan would conduct this buyback just one month ago when he purchased JPM stock in the open market to make a “statement.” We doubt any regulators will ask this obvious question as even if he did, it will surely be chalked up to merely just another “tempest in a teacup.” More…

We are certain that he knew nothing about the buyback until he read it in the news. What a meritocracy we live in.

Ireland to Prosecute Top Banker Who Destroyed Their Economy — Guess Where He Was Hiding

Ireland to Prosecute Top Banker Who Destroyed Their Economy — Guess Where He Was Hiding
by Claire Bernish
Posted March 18, 2016

jail the bankersA former head of a major Irish bank has been extradited from the U.S. and brought before Dublin District Court to face several charges stemming from the bank’s role in the 2008 financial crisis.

David Drumm, former chief executive of Irish Anglo Bank from 2005 until 2008, had been arrested in Boston in October 2015, and originally attempted to fight extradition — but he recently withdrew the objection and was returned to Ireland early on Monday.

Drumm faces 33 charges in Ireland, which echoes Iceland’s unprecedented move to hold its bankers criminally accountable for their role in that country’s economic meltdown. More…

A New Wave of Climate Insurgents Defines Itself as Law-Enforcers

A New Wave of Climate Insurgents Defines Itself as Law-Enforcers
By Jeremy Brecher
Posted Narch 12, 2016

civil disobedience as law enforcesOne in six Americans say they would personally engage in nonviolent civil disobedience against corporate or government activities that make global warming worse. That’s about 40 million adults. The fate of the earth may depend on them – and others around the world – doing so.

Such actions are about to take a quantum leap both in numbers and in global coordination. From May 4-15, 350.org, Greenpeace and many other organizations – notably grassroots movement organizations from every continent – will hold a global week of action called Break Free From Fossil Fuels. They envision tens of thousands of people mobilizing worldwide to demand a rapid transition to renewable energy. Events will include nonviolent direct actions targeting extraction sites or infrastructure; pressure on political targets to shift policies around fossil fuel development; and support for clean energy alternatives. More…

Using Courts To Build The Movement

Using Courts To Build The Movement
by Kevin Zeeze and Margaret Flowers
Posted February 8, 2016

building the movementThe US Constitution is a property rights constitution, with human rights a secondary thought. Laws have followed the lead of the Constitution and have strengthened property rights. The worst crimes of US history have been protected by law – slavery, taking of Indigenous lands, attacks on unions, denying women the vote and money as speech in elections. As a result, when politicians say we are a nation of laws, it often means the courts will be used to protect corporate interests in making a profit even if doing so destroys communities, people and the environment.

But, courts do not always side with the corporations and government. There are times when an enlightenment comes to the judiciary and some begin to rule for the people or their communities. This happens because even courts reflect the political moment – or zeitgeist – when the culture takes a turn thanks to people organizing to express their interests wherever they can.

We may be at the beginning of such a moment, perhaps too soon to say and perhaps we are being optimistic. It shows the importance of the movement building national consensus because such consensus impacts everything. More…

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What’s happening here is the censorship of information that threatens various corporate and political interests. This information gained the attention of the masses simply because it was presented in a credible way that often couldn’t be countered. Julian Assange is a great example, as he has been ‘scooped’ up by ‘the powers that be,’ not because he threatens national security interests, but because for more than a decade he’s been exposing the lies, deceit and corruption that plague geopolitics.

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Great story on why we need to remove ALL of our elected government representatives

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