The Many Ways Banks Commit Criminal Fraud

George Washington's picture


The Libor scandal seems to be waking people up to manipulation and fraud by the big banks.

There are many other types of fraud they've engaged in as well ...

Here is a partial list:

  • Pledging the same mortgage multiple times to different buyers. See this, this, this, this and this
  • Engaging in mafia-style big-rigging fraud against local governments. See this, this and this
  • Bribing and bullying ratings agencies to inflate ratings on their risky investments
  • Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this and this
  • Engaging in unlawful "Wash Trades" to manipulate asset prices. See this, this and this
  • 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 andhere
  • Participating in various Ponzi schemes. 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 have slashed lending since they were bailed out by taxpayers ... while smaller banks have increased lending. See this, this and this

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Volpinacci's picture

British Parliament: a disgusting display of impotence and complicity! What have they become?!

The hidden purpose of this “investigation” should be obvious to the objective observer: to set B.D. out of reach of any possible criminal investigation…He is freely stuttering his lame “advice” for the future, bridges to self-serving arrogant praise of his and other alleged criminals’ long term service…He calls the MPs by their first name… establishing the fact that they still are in cahoots.

BD’s intellect (or calculated display of stupidity?): “…there was a miscommunication between the communication and…” and he gets away with it! Ha!

Signs of the end's picture

Is it possible that the thieves are turning upon each other, why else would the LIBOR fraud even be exposed? Or are these exposes now being shown the light of day because we are close to the End game, and a few banksters / politicos will be sent to the guillotine after which a NEW AND IMPROVED financial system will be introduced for the benefit of the little guy? Yeah right!, well a little humor is good first thing in the morning. Anyhow that is my question to Tyler and co., why was this LIBOR fraud allowed to come come to light?

Bankers constantly lying article:

lamont cranston's picture

I seem to remember a photo of Dick Grasso shaking heands with the heads of FARC in Columbia back around 2000 or so. Would love to find it.

Hey, they have to invest in something too. 

Signs of the end's picture

Grasso alse received a GOLDEN HANDSHAKE worth $300 million or thereabouts when he left the NYSE. Fraud is the only game in town, especially in the Big Apple and The City!

Harriet Wanger's picture

Wait, I thought all that stuff was not technically illegal.

JuicedGamma's picture

Too big to fail or

Too big to care

Too big to matter

Too big to fix

Too big to break up

Too big to ....

You fill in the blank


DavosSherman's picture

And we call it "Independence Day".

Peter Pan's picture

Great post but don't forget the jobs that politicians are given after they leave politics, the favourable home loan rates and the inside information (especially when GFC hit) which led to congressmen making a whole lot of "investment decisions." And let us not forget their miserable attempts to sell homes when the owners had already paid off their loans.

And let us not forget either, those crazy scenes in the Michael Moore documentary (Bowling for Columbine?) where Michael Moore is offered inside a bank a selection of guns for free for opening a $2000 account with the bank.

Oh, and what about the $158 million paid by Citigroup for the bad loans it passed onto the FHA for insurance?

Despite all this banks can be forgiven. It's the government and its regulatory agencies that can't be forgiven for letting them off the hook.

falak pema's picture

So the banksta cabal is no solo virtuoso play its a symphony played by a huge orchestra. Bravossimo! 

Joe A's picture

Great post, thanks George Washington.

Winston Smith 2009's picture

Ditto.  Everyone should do Google searches to help contribute to his long list of facts ignored by the Dept. of "Justice."

DavidPierre's picture



Perhaps all the latest commotion will finally expose the gold/silver market scam for what it is. It sure has been a long time coming … and to think it has been SO obvious all this time. Here is something out on November 16, 2005 with the price of gold at $478:

The Manipulation Of The Gold Market

By Bill Murphy

The key to understanding the manipulation of the gold market, this enormous scandal and fraud, is that it can be compared to a murder trial. In the United States a murderer can be put to death if he is found guilty beyond a reasonable doubt. Many times murder defendants are convicted based solely on "circumstantial" evidence because a reasonable person could reach no conclusion other than guilty.

For seven years GATA has discovered one piece of evidence after another supporting our long-held contention that the gold market is managed by certain central banks and their agents, the bullion banks. It is a price-fixing case involving some very powerful people and institutions … in fact it is a Gold Cartel. The U.S. attorney handling the Samsung conspiracy conviction said in an interview this fall that the United States had experienced an "epidemic" of price-fixing cases in the late 1990s. All GATA has done is uncovered one of them, the grandest of all…


Gold is not manipulated? But everything else is.

Remember the first time someone told you that the price of Gold was manipulated? You might have have thought anything from "NO WAY" to "I knew something was not right, that explains it" or anything in between.

We know for a fact that stock prices are manipulated as the "working group on financial markets" has been around since 1988 and "protected us against plunges" time after time. We also know that oil prices are manipulated as OPEC routinely makes supply statements to "adjust prices" and several U.S. Presidents have either threatened to, or actually released reserves from the SPR to lower prices. We know that interest rates are actually set by the Fed, Bank of England, the ECB etc., and now we come to find out that the LIBOR rate has been manipulated by a cabal of Banks.

Yet, still today there are public figures that scoff, scrunch their faces, jump up and down and howl insults at anyone who suggests that Gold is manipulated.

To the Dollar and all of the other fiat currencies, Gold is like sunlight is to a vampire. 

There are many reasons that the masters of the universe would want to manipulate stocks, bonds, commodities, economic data etc. ...but rather than many, there is EVERY reason in the world for them to manipulate (SUPPRESS) the price of Gold.

There is EVERY reason in the world because Gold is THE direct competitor to fiat money as it is THE time tested alternative to fiat.   This logic is more simple than 2+2.            

There is every reason for governments (and their henchmen) to manipulate Gold, there are piles upon piles of anecdotal evidence that Gold itself is manipulated and proof positive that virtually everything else financial is manipulated. So...therefore... Armstrong, Nadler, Christian, Gartman and the rest of the non logical, lying goat heads of the world conclude that Gold (and Silver) are THE ONLY assets that (please read this with a pompous ass' voice) the governments would never ever ever manipulate Gold and anyone believing such tin foil hat conspiracy theory is...( __________ ) you can fill in the blank if you wish.

It seems like a whole bunch of the dirt and fraud is finally starting to float to the surface where the public can see it.

Not only that, we are beginning to hear the rumblings of pointing fingers. 

Barclay's CEO Bob Diamond has resigned and has threatened to point fingers and air all sorts of dirty laundry if he is personally taken to task for his role in the LIBOR fraud.  Ratings agencies were allegedly pressured by Morgan Stanley and others to rate deals as investment grade when they were not. This goes on and on with mortgage-gate, robo signing, and other frauds from A-Z.

ALL a fraud! EVERYTHING financial! EVERYTHING political, EVERYTHING!

Which leads back to the topic of why Gold is being reintroduced into the system by the BIS.

Gold is being re-monetized to combat the obvious fraud everywhere.

Gold is honest money and as such also keeps politicians honest because they cannot spend (give away) what they don't have. 

The BIS is the "central bank's central bank" and they absolutely know that the entire system is coming down. If they want to retain power over the system in the aftermath, they had better have a plan ahead of time for when it does.

No plan? Can you say Mad Max world?

The plan is to bring Gold back into the system, revalue it and then back currencies on some percentage basis.  The printing presses will be slowed to the accumulation rate of Gold reserves and the politicians will finally be neutered.

A "deal" or "plan" has already been made, the BIS reintroducing Gold to the banking system is merely preparation for it's implementation.  Something REALLY REALLY big is brewing behind the scenes.  Gold being re monetized into the system can in no possible way be a negative.

The bottom is in for Gold and thus the top for the Dollar. Gold has been unnaturally pressured downward since Feb. 28th when breakout in fact was likely at the time.  But the manipulators can read charts as well.  They now have a VERY big problem, one of their own making.

Gold, Silver and the mining shares are incredibly compressed,coiled at a time where the seasonal's begin to turn up.  The frauds and insolvencies are coming to the surface on a daily basis AND the "central bank's central bank" is bringing Gold back INTO the system.

Contrary to the current sentiment in the precious metals, we are set up for the beginning of the 3rd, final, shortest and by far the sharpest leg upward. If correct about the motives of the BIS bringing Gold back into the system, we will one day soon see a weekend where your fortunes will be reset.

We will see. The wind is now at our backs and the Mickey Mouse paper games are just about over.




Winston Smith 2009's picture

"ALL a fraud! EVERYTHING financial! EVERYTHING political, EVERYTHING!"

Exactly.  For many years, long before the low water of hard times exposed the garbage just below the surface, I've suspected that the US is a banana republic, but one that is so wealthy that the criminal skimming isn't noticed by most.  "Why should the US be any different from a tiny banana republic since human nature is the same worldwide?", I asked.  How correct I was, unfortunately.

WTFx10's picture

The BIS is the FIRST bank that needs to close. It is at the top of the Rothschild pyramid.

George Washington's picture

Anyone who gives me links for other categories of fraud by the big banks will receive the following props and gratitude from me:

Nice catch!

 - Bald Eagle in Slow Motion

DavidPierre's picture



gold revelation !


Speaking of scandals, from my friend Jim Willie.

The scandalous scandal of all scandals will not be so much the revelation that the USGovt has no gold reserves...
it will be the 20 to 40 thousand ton shortage of gold in bullion bank vaults when the public realizes that ALLOCATED accounts have been systematically raided by the Elite scum.
Remember the several class action lawsuits in Switzerland...
they proceed, valued at a few $billion, all kept out of the news...
Soon they will be in the news...
and the SECONDARY story will be government reserves.

The PRIMARY story will be the global raid on Allocateds.

That is the message today from my excellent gold trader source
He has been spot on with everything, I mean everything.




world_debt_slave's picture

GW, here is one for you to look into also.

Part one: 13 Investigates IRS tax loophole

Illegals using the ITIIN to get tax dollars for a child credit for children living in Mexico.

multi-billion dollar scam the IRS is willfully overlooking, coming from the top.

rufusbird's picture

Support your local credit union!

world_debt_slave's picture

good post, don't have an account with the TBTF banks, also END THE FED!

Savyindallas's picture

The banks and Israeli lobby are he 2 most powerful intersts? No difference -the same people own both.

verum quod lies's picture

You must not have gotten the memo about not mentioning this here. You could also add that they also mostly control mass media as well; and many brainwashed people reflexively attack ad homonym anyone pointing these facts out (i.e., if they are not identified as coming from the same "tribe"). They do not want to admit to themselves that the first step to solving a problem is identifyiing it as a problem (and, I would add, in cases like bank fraud and related corruption, identifying who is causing what would help). No, better to chase your tail and wail about the injustice of it all and ponder why it continues.


WTFx10's picture

Mention it every chance you get , that is part of the problem. Most opinons define the problem but always stop when it come to naming the names of the criminals. People somehow can not believe Jews would be dishonest. Guess it is only the NON-jew who breaks the law? It is hard accepting the fact that the Rothschild's have been shaping history and almost all leaders of the world have been bending to do their bidding.For the planet to truly change the Criminal Rothschild Banking Fraud Empire MUST be destroyed. The world has been colonized by a private Bank.

    “Truth hurts. Maybe not as much as jumping on a bicycle with a seat missing, but it hurts.”

                                      -Naked Gun


Bansters-in-my- feces's picture

Boy,I'm sure glad the gold market is not manipulated.



I am right am I not...????

Ps fuck you's PPT and your ESF

OneTinSoldier66's picture



What does a Government SIFI paper money banker do when he goes to 'unwind'?


Does he take a derivative to help go to sleep after reading ZH?

Antifaschistische's picture

but when they commit fraud really really good...they may even end up selling their home.


OneTinSoldier66's picture

Nice property. But I'll wait until it goes up on 'short-sale'.

DaveyJones's picture

all the qualities I would want from someone holding my money

Walt D.'s picture

You forgot to mention bribing (via campaign contributions) judges DA's AG's so as to make it nearly impossible to sue them and prevail.

OneTinSoldier66's picture

Time to start transacting in Rothbards. (Please see: Murray Rothbard)


At least then I can print my own. Everyone should do it! I can assure you they are much more valuable than an FRN.


No more Government issued, unbacked, irredeemable, paper, fiat, digital quant currencies! And no more clipped coinage! 90-99% Silver and Copper must come back to replace the zinc/copper filled crap coins to finish throwing off the Banking Cartel Empire!


Real actual "unit of account" money would restore good morals and ethics to people.

Signs of the end's picture

The Mafia doesn't allow competitition. The Great Grandfather of current mafios, John D. Rockefeller stated that Competition is a Sin. Therefore such heresies as promoted by Rothbard will not be tolderated! Prepare to be knee capped (for starters!)

UP4Liberty's picture

When you own the government, you can pretty much do as you please...

"If you want to understand how the top 1 percent have accumulated such power in American politics, look no further than Washington’s K Street lobbying corridor. Wall Street has long been the dominant player in the capital. “The banks,” Senator Dick Durbin said in 2009, “are still the most powerful lobby on Capitol Hill. And they frankly own the place.

strangeglove's picture

Barf! Let the inflation commence

OneTinSoldier66's picture

Better than 'manipulation'. It would be reality.


It will be painful for some time I'm sure. But been waiting so long for reality. Real people will actually be able to help out. Right now, the Government makes it hard for there to be anything like the amount of charitable, ethical, and moral role models we used to have.


At any rate. I has to come to an end at some point or another. Anything that is unsustainable eventually comes to an end one way or another.