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BRACE YOURSELF FOR THIS ONE!! AN IMPORTANT READ:
Synopsis: Litigation alleging that while the Obama Administration was publicly encouraging loan modifications for home owners, it was privately ratifying the formation of these shell companies in violation of the United States Patriot Act, and State and Federal law -- full article:
Home Owners Across the Nation Sue All Bank Servicers and Their Offshore Havens; Spire Law Officially Announces Filing of Landmark Lawsuit

Largest International Money Laundering Network in History Formed During Obama Administration; U.S. Banks' Theft of Home Owners' Money Laundered Through Cayman Islands, Isle of Man and Numerous Offshore-Based Affiliates

NEW YORK, NY, Apr 23, 2012 (MARKETWIRE via COMTEX) -- In a lawsuit alleged to involve the largest money laundering network in United States history, Spire Law Group, LLP -- on behalf of home owners across the Country -- has filed a mass tort action in the Supreme Court of New York, County of Kings. Home owners across the country have sued every major bank servicer and their subsidiaries -- formed in countries known as havens for money laundering such as the Cayman Islands, the Isle of Man, Luxembourg and Malaysia -- alleging that while the Obama Administration was publicly encouraging loan modifications for home owners, it was privately ratifying the formation of these shell companies in violation of the United States Patriot Act, and State and Federal law. The case further alleges that through these obscure foreign companies, Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, and numerous other federally chartered banks stole hundreds of millions of dollars of home owners' money during the last decade and then laundered it through offshore companies. The complaint, Index No. 500827, was filed by Spire Law Group, LLP, and several of the Firm's affiliates and partners across the United States.

Far from being ambiguous, this is a complaint that "names names." Indeed, the lawsuit identifies specific companies and the offshore countries used in this enormous money laundering scheme. Federally Chartered Banks' theft of money and their utilization of offshore tax haven subsidiaries represent potential FDIC violations, violations of New York law, and countless other legal wrongdoings under state and federal law.

"The laundering of trillions of dollars of U.S. taxpayer money -- and the wrongful taking of the homes of those taxpayers -- was known by the Administration and expressly supported by it. Evidence uncovered by the plaintiffs revealed that the Administration ignored its own agencies' reports -- and reports from the Department of Homeland Security -- about this situation, dating as far back as 2010. Worse, the Administration purported to endorse a 'national bank settlement' without disclosing or having any public discourse whatsoever about the thousands of foreign tax havens now wholly owned by our nation's banks. Fortunately, no home owner is bound to enter into this fraudulent bank settlement," stated Eric J. Wittenberg of Columbus, Ohio -- a noted trial lawyer, author and student of US history -- on behalf of plaintiffs in the case.

The suing home owners reveal how deeply they were defrauded by bank and governmental corruption -- and are suing for conversion, larceny, fraud, and for violations of other provisions of New York state law committed by these financial institutions and their offshore counterparts.

This lawsuit explains why loans were, in general, rarely modified after 2009. It explains why the entire bank crisis worsened, crippling the economy of the United States and stripping countless home owners of their piece of the American dream. It is indeed a fact that the Administration has spent far more money stopping bank investigations, than they have investigating them. When the Administration's agencies (like the FDIC) blew the whistle, their reports were ignored.

The case is styled Abeel v. Bank of America, etc., et al. -- and includes such entities as ML Banderia Cayman BRL Inc., ML Whitby Luxembourg S.A.R.L. and J.P Morgan Asset Management Luxembourg S.A. -- as well as hundreds of other obscure offshore entities somehow "owned" by federally chartered banks and formed "under the nose" of the Administration and the FDIC.

Commenting further on the case, Mr. Wittenberg stated: "As if it is not bad enough that banks collect money and do not credit it to homeowners' accounts, and as if it is not bad enough that those banks then foreclose when they know they do not have a legally enforceable interest in the realty, we now learn that they have been operating under unbridled free reign given by the Administration and some states' Attorneys General in formulating this international money laundering network. Now that the light of day has been shined on it, I believe we can all rest assured that the beginning of the end of the bank crisis has arrived."

All United States home owners may have the right to bring a lawsuit of this kind if they paid money to a national bank servicer during the years 2003 through 2009.

One lawyer impacted by the corruption -- Mitchell J. Stein, who formerly represented the FDIC, the RTC and the FSLIC during the Savings and Loan scandal of the 1990s, and who predicted all of the foregoing in open court two years ago -- commented: "Two years ago, I remarked in open court to a Los Angeles Superior Court Judge, as well as to legislators including Senator Dianne Feinstein's office during a multitude of in-person meetings, that the ongoing violations of the Patriot Act by these financial institutions was outrageous and a breach of the public trust of unprecedented proportions," said Stein.

"The size and scope of this misconduct -- stretching to far-away islands never before having standing as approved United States Bank affiliates -- is remarkable and emblematic of what we have seen," he continued. "The bank crisis represents the height of corruption and brazen behavior where our historically trusted financial institutions have no qualms about breaking the law, because they have the Administration behind them. Banks do well enough when they operate lawfully without needing to be permitted to operate as criminal enterprises that steal money from United States citizens."

Additional plaintiffs' counsel Nicholas M. Moccia commented: "Having been in the trenches of the bank crisis for years, I always knew that the misconduct was being conducted by a network. When I started litigating against banks, however, I could have never imagined that it would be this extensive. I look forward to taking discovery of these thousands of obscure foreign entities and to obtaining for homeowners their constitutionally entitled injuries for this international ring of theft and deception."

Comments were requested from the Attorney Generals' offices in NY, CA, NV, and MA and the White House, but no comment was provided.

About Spire Law Group

Spire Law Group, LLP is a national law firm whose motto is "the public should be protected -- at all costs -- from corruption in whatever form it presents itself." The Firm is comprised of lawyers nationally with more than 250-years of experience in a span of matters ranging from representing large corporations and wealthy individuals, to also representing the masses. The Firm is at the front lines litigating against government officials, banks, defunct loan pools, and now the very offshore entities where the corruption was enabled and perpetrated.

http://www.marketwatch.com/m/story/3498146b-7611-4fef-985e-3606e1886dce?pageNumber=1&allPages=True

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Louisiana GOP Convention Splits; Ron Paul Wins Majority Convention

Written by Thomas R. Eddlem

A Ron Paul supporter was arrested and emerged with broken fingers and another was given a dislocated hip after a June 2 Louisiana Republican convention split into two groups. According to Hamdan Azhar at PolicyMic.com, the majority convention backed Paul, and the Texas Congressman will send 27 of 46 Louisiana delegates to the Republican national convention this summer in Tampa. However, GOP establishment forces, who constituted a minority of the delegates in attendance, pledged to send a different, less Paul-friendly delegation to Tampa despite opposition by local Romney campaign officials.

Paul supporter Henry Herford, Jr. was arrested by police after the convention voted to make him chairman and oust the establishment-appointed chairman, and in the process of his arrest Herford's hip was dislocated. Also, Rules Committee Chairman Alex Helwig, another Paul supporter, was arrested by police. Helwig returned to the convention with broken fingers and walking with the aid of a cane after a brief police custody.

According to Paul campaign sources, state convention delegates supporting Ron Paul balked at new Louisiana convention rules that allowed campaigns to pick delegates rather than the state convention and then voted out the establishment-picked chairman with a majority of the delegates.

GOP officials had been prompted to change the rules because of warnings from former Pennsylvania Senator Rick Santorum's presidential campaign, which complained of “delegate stealing” in a communication with the Louisiana state GOP after the Paul campaign out-organized the other candidates in other state conventions. "We just tightened up the rules. We made it more responsible so that delegates for those candidates would be elected," Minority Convention Credential Committee Chairman Jeff Giles told KTBS, the ABC-TV affiliate in Shreveport, Louisiana. "Instead of Ron Paul people posing as supporters of those candidates."

Ironically, rule changes had been made by many state Republican organizations in 2010 and 2011 to allow runaway conventions to benefit the Romney campaign in case the establishment-favored candidate lost too many primaries and caucuses. Even more ironically, local Romney campaign officials openly backed the Paul campaign's control of the majority convention and received enthusiastic praise from Paul campaign officials. Ron Paul campaign chairman John Tate thanked Romney campaign officials for ensuring that all Paul delegates elected in the Paul majority convention would be seated in the Tampa GOP national convention:

Delegates to the state convention were chosen at caucus meetings on April 28th. Ron Paul slates won four of six congressional district contests. Of the approximately 180 delegates attending the state convention, 113 voted to remove the LAGOP chairman when he failed to respond to requests for information and other motions from delegates. Nearly two-thirds of the delegates began physically moving their chairs, literally turning their back on the GOP chair appointed by the party hierarchy.

In another instance, State Central Committeeman and Ron Paul supporter Henry Herford Jr. of Franklin Parrish was attacked by some security officials who didn’t realize that the body had voted out the previous chairman. Mr. Herford has a prosthetic hip and according to a doctor at the scene it appears as though the prosthetic was dislocated and may require replacement. The injury occurred as he was beginning to call to order the newly re-formed convention.

In yet another instance, Ron Paul supporter Alex Helwig, Chairman of the Rules Committee who made the motion to remove the chair, was arrested by Shreveport police and released. During his brief detainment, some of his fingers were broken and when he returned to the event he was walking with aid of a cane.

By 10:50 a.m. today, the newly formed convention completed its work. Newly-elected national delegates met with the Romney campaign’s Louisiana Chairman, Scott Sewell, who graciously said ‘that he supported the effort and would do everything he could to make sure the delegation was seated’ in Tampa.

Ron Paul Campaign Spokesman Doug Wead charged that “Ron Paul supporters are enduring false arrests, detainment, broken bones and slander as they simply exercise their constitutional rights of voting and participating in party politics.” Wead blamed establishment GOP officials officials who ordered the rule changes and tried to break up the majority convention led by Paul delegates.

Paul campaign official blogger Jack Hunter concluded of the melee at the Louisiana GOP state convention: “Thanks to the Romney campaign for stepping in and taking the high road. Thanks to Paul supporters who have taken the high road since the beginning by playing by the rules–and winning—whether some in the establishment like it or not.”

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http://www.youtube.com/watch?v=6jrrnkKmUzo&feature=related