Except ya can’t throw them in jail now, can we?
This is eye popping.
TD Bank to Pay $3 Billion Penalty After Admitting to Money-Laundering
(my bold)The bank admits to ‘deficiencies’ that enabled criminal networks, including drug traffickers, to launder more than $670 million over several years.
(My bold)
TD Bank, the 10th-largest bank in the United States, and parent company TD Bank Group pleaded guilty on Oct. 10 to conspiring to violate the Bank Secrecy Act and money-laundering, agreeing to pay about $3 billion in penalties as part of a historic settlement involving multiple regulatory agencies.
“By making its services convenient for criminals, TD Bank became one,” Attorney General Merrick Garland said during a press conference in Washington. “Today, TD Bank also became the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures, and the first U.S. bank in history to plead guilty to conspiracy to commit money laundering.”
TD Bank admitted to having “long-term, pervasive, and systemic deficiencies” in its anti-money-laundering (AML) policies, procedures, and controls from January 2014 to October 2023, according to a Department of Justice statement.
These failures allowed criminal networks, including drug traffickers dealing in fentanyl and other narcotics, to launder more than $670 million through the bank’s accounts over several years.
“The bank enabled drug trafficking,” Deputy Secretary of the Treasury Wally Adeyemo said.
One significant scheme involved a money-launderer known as “David,” who processed over $470 million through TD Bank branches between 2018 and 2021.
TD Bank to Pay More Than US$28M in Settlement for Market Manipulation
10/1/2024
“David has separately pled guilty to laundering drug proceeds through the bank,” Garland said. “David had attempted to launder money through numerous financial institutions. But he found that TD Bank had the most permissive policies and procedures and chose to launder most of his funds there.”
David bribed TD Bank employees with more than $57,000 in gift cards to ensure the continued processing of his transactions.
Oh there is much, much, more.
You should go read the whole thing.
Almost TEN YEARS they got away with this shit.
In that ten years, how many Regular Joe’s got audited?
MILLIONS, I’m sure.
So they are going to pay a huge fine, some low level people involved are going to get hammered with felonies and then this bank will go right back to ripping people off like all the rest of them do and that’s it.
Ten years they got away with this shit.
Everybody from the President of this bank all the way down to the lowliest teller should be sitting behind bars as I type.
Oh but let’s not stop there, the entire staff of whoever was supposed to be doing oversite looking for shit exactly like what was going on should all be investigated as co conspirators the way I see it.
You did see the scope of this right?
TRILLIONS of dollars got washed.
God forbid you should forget to claim anything over $601 dollars though, right?
Spit.
Who says crime don’t pay?
They only got caught laundering $670 million.
Trudeau’s Canada has become one of the top five countries in the World to launder money.
Ever notice it wasn’t Canadian police who caught them?
I wonder why?
TD was caught 10 years ago doing this as well. The bank makes millions from laundering money, the fines are small enough that even getting fined every decade or so means they still come out billions ahead.
Not only are corporations people, the Supreme Court has ruled they are people with free speech rights ‘who’ can contribute virtually unlimited amounts to politicians. Explains a lot.
So much for SCOTUS ruling as the founding fathers intended. They didn’t trust concentrated wealth or power. Corporate charters expired after a set period of time. They could only sell one product or service. No conglomerates.
Damn it! Now I gotta go find a different institution to launder my money. Thanks Garland for fucking with shit you shouldn’t be fucking with. God damn it!!
Golden Rule.
“He who has the Gold makes the Rules”
Rope, tree
Tar, Feathers
Um, just wondering, would a Biden family member have been doing any banking there?
“By making its services convenient for criminals, TD Bank became one,” Attorney General Merrick Garland said during a press conference in Washington. “Today, TD Bank also became the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures, and the first U.S. bank in history to plead guilty to conspiracy to commit money laundering.”
So fix the problem by selling off its’ assets and removing its’ business license. That would be a real penalty.
The question isn’t about TD Bank’s criminality. The important questions are:
1. What caused Them to turn on TD Bank? Who’d TD piss off? Which “elite” cocks did TD fail to blow with sufficient enthusiasm?
2. What’s the replacement for TD? You know there is something already set up. Who is therefore getting a bigger slice of the world They already own?
3. Is the “excess” money merely going to more drugs and disposable child sex slaves? (Merely) Or is the money being used to further degrade and destroy the West?
There is no way a “Garland” is going to do his job, much less do The Right Thing unless there’s an angle to it. It’s not in the nature of “Garlands” to be otherwise.
Agreed. The drug dealers etc. won’t put all their eggs in one basket or all their money in only one bank.
There will be a lot more banks doing the exact same thing for the exact same people. And that will include politicians shuffling money around to avoid investigations and audits.
When the RTC were closing banks right and left we would go in and audit the mortgage portfolio which was a liquid asset. I recognized that photo. Did a lot of work around Cherry Hill. I knew that TD Bank had to be ‘new’ simply because in 2020 it didn’t exist. Lot of banks have new names but same people.
Need to overturn Santa Clara County v. Southern Pacific Railroad Company (1886). Allows corporations to be “people” with “people” rights
And so now the Feds will double down on the “$601 Americans.”