iOS app Android app

Wachovia Money Laundering

Al Capone, Meet Wells Fargo

Richard (RJ) Eskow | Posted 09.13.2016 | Politics
Richard (RJ) Eskow

Every major bank on Wall Street has a rap sheet that would make a Chicago gangster blush. Nevertheless, bank-servile Republicans have been calling to disband the Consumer Financial Protection Bureau, even as it brings Wells Fargo to something like justice.

Where Are the Prosecutions? SEC Lets Citi Execs Go Free After $40 Billion Subprime Lie

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

What is the penalty for bankers who tell $40 billion lies? Somewhere between nothing and a rounding-error on your bonus.

Wall Street Is Laundering Drug Money And Getting Away With It

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Wachovia Bank is accused of laundering $380 billion in Mexican drug cartel money, and is expected to emerge with a slap on the wrist thanks to a government policy which protects megabanks from criminal charges.

Wachovia Investigated By Feds In Drug Money Laundering Probe

CNNMoney | Posted 05.25.2011 | Business

Wachovia Corp. is being investigated by Federal prosecutors as part of a probe into alleged drug money laundering by Mexican and Colombian money-trans...