25 Mind-Blowing Crimes Committed By Big Banks

25 Mind-Blowing Crimes Committed By Big Banks


This mind-blowing list of 25 stunning crimes of the big Banks is worse than anything you ever imagined.

George Washington

Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior.

Here are just some of the improprieties by big banks:

1 Funding the Nazis
2 Laundering money for terrorists
3 Financing illegal arms deals, and funding the manufacture of cluster bombs (and see this and this) and other arms which are banned in most of the world
4 Launching a coup against the President of the United States
5 Handling money for rogue military operations
6 Laundering money for drug cartels. See this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis)
7 Engaging in mafia-style big-rigging fraud against local governments. See this, this and this
8 Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here
9 Artificially suppressing gold prices
10 Charging “storage fees” to store gold bullion … without even buying or storing any gold . And raiding allocated gold accounts
11 Committing massive and pervasive fraud both when they initiated mortgage loans and when they foreclosed on them (and see this)
12 Pledging the same mortgage multiple times to different buyers. See this, this, this, this and this. 13 This would be like selling your car, and collecting money from 10 different buyers for the same car
14 Cheating homeowners by gaming laws meant to protect people from unfair foreclosure
15 Committing massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing. This has led to many businesses turning to other options when it comes to securing finance as the traditional methods have become strained. Options such as Summit Financial have risen to the occasion to lend a helping hand, but this is only one counter to the corrruption at hand. In turn this has caused knock on issues for other areas outside of business; Student loan debt has reached levels of over $1 trillion, which is why students are now looking for legal advice from sources such as Iron Fist Legal to help them reduce the cost of their student loan.
16 Manipulating the hundred trillion dollar derivatives market
17 Engaging in insider trading of the most important financial information
18 Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this, this and this
19 Engaging in unlawful “frontrunning” to manipulate markets. See this, this, this, this, this and this
20 Engaging in unlawful “Wash Trades” to manipulate asset prices. See this, this and this otherwise manipulating markets. And see this
21 Participating in various Ponzi schemes. See this, this and this
22 Charging veterans unlawful mortgage fees
23 Helping the richest to illegally hide assets
24 Cooking their books (and see this)
25 Bribing and bullying ratings agencies to inflate ratings on their risky investments

The executives of the big banks invariably pretend that the hanky-panky was only committed by a couple of low-level rogue employees. But studies show that most of the fraud is committed by management.

Indeed, one of the world’s top fraud experts – professor of law and economics, and former senior S&L regulator Bill Black – says that most financial fraud is “control fraud”, where the people who own the banks are the ones who implement systemic fraud. See this, this and this.

But at least the big banks do good things for society, like loaning money to Main Street, right?


The big banks no longer do very much traditional banking. Most of their business is from financial speculation. For example, less than 10% of Bank of America’s assets come from traditional banking deposits. Instead, they are mainly engaged in financial speculation and derivatives. (and see this)
The big banks have slashed lending since they were bailed out by taxpayers … while smaller banks have increased lending. See this, this and this

A huge portion of the banks’ profits comes from taxpayer bailouts. For example, 77% of JP Morgan’s net income comes from taxpayer subsidies

The big banks are literally killing the economy … and waging war on the people of the world
And our democracy and republican form of government as well.
We can almost understand why Thomas Jefferson warned:

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies ….

John Adams said:

Banks have done more injury to religion, morality, tranquillity, prosperity, and even wealth of the nation than they have done or ever will do good.

And Lord Acton argued:

The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.

I understand politics isn’t easy and there are extremely powerful forces at work. The USA could be #1 again and should. I do think there will be a mass awakening and it’s already under way.

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Categories: ECONOMY

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