Tag: banks

Switzerland freezes assets of Venezuela’s Maduro and his inner circle

Switzerland has frozen all assets belonging to Venezuelan President Nicolas Maduro and individuals from his close circle, the Swiss government said.

“The Federal Council decided to freeze any assets held in Switzerland by Nicolas Maduro and other persons associated with him with immediate effect,” the statement reads.

The measure is said to ensure that “any illicitly acquired assets cannot be transferred out of Switzerland in the current situation.” The Federal Council added that the asset freeze targets individuals who have not previously been sanctioned in Switzerland and will not affect members of the current Venezuelan government. “The asset freeze is in addition to the sanctions against Venezuela that have been in place since 2018 under the Embargo Act,” the statement says.

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What corporate media refuses to say about how the world is run

Corporate media dogma perpetuates a false narrative that the West consists of democracies where the popular will is expressed, when in reality, there is a merged intelligence community and an Anglo-American Establishment that exerts significant control.

The Bank for International Settlements, the City of London and other subsidiary policy makers, such as the World Economic Forum, wield significant power and influence global policies, often circumventing sovereignty and democratic processes.

Additionally, the intelligence community, including the CIA, MI6 and Mossad, has been involved in various regime change activities and covert operations, and has formed a merged criminal entity that acts against the interests of their supposed sponsor countries.

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Three Honduran Nationals Sentenced in Multi-State Bank Fraud Conspiracy

Three Honduran nationals were sentenced to prison for their roles in a bank fraud conspiracy resulting in significant losses to small businesses and community banks in more than a dozen states, announced Acting United States Attorney M. Scott Proctor.

 The sentences were imposed by United States District Court Judge Philip P. Simon at hearings held on December 12 and 15, 2025.

Carlos Aquino Sosa, 26 years old, of Honduras, was sentenced to 41 months in prison followed by 1 year of supervised release after pleading guilty to two counts of conspiracy to commit bank fraud. He was also ordered to pay $533,043 in restitution.

Edwin Palacios Sosa, 27 years old, of Honduras, was sentenced to 27 months in prison followed by 1 year of supervised release after pleading guilty to two counts of conspiracy to commit bank fraud and one count of illegal re-entry. He was also ordered to pay $533,043 in restitution.

Delvin Velasquez Romero, 33 years old, of Honduras, received a time-served sentence dating back to July 8, 2024 (17 months in custody), followed by 1 year of supervised release after pleading guilty to one count of conspiracy to commit bank fraud and one count of illegal re-entry. He was also ordered to pay $233,569 in restitution.

These defendants have no legal status within the United States and will each be subject to a separate and immediate removal process upon release from prison.

According to documents in each case, on January 11, 2023, Aquino Sosa, Palacios Sosa, Velasquez Romero, and their co-conspirators used fake identification cards to cash 169 fraudulent paychecks totaling $233,569 at three branches of the same bank in the Northern District of Indiana. The fraudulent paychecks were designed to look like they had been issued by a company that operates dairy farms in the Northern District of Indiana.

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New Files Show Epstein Was ‘Too Useful’ for Banks to Drop — Trump Was ‘Too Politically Dangerous’ to Keep

The newest Epstein disclosures include deposition testimony that illustrates, in unusually concrete detail, how major financial institutions assessed risk, value, and accountability.

The transcript does not add new allegations about Epstein. Instead, it explains why he remained bankable long after his 2008 conviction and why his relationship with major banks survived despite generating almost no traditional revenue.

That institutional logic is the same logic that later drove JPMorgan to end its ties with Trump Media, and the contrast between the two cases shows how selectively these standards are applied.

In the deposition, Paul Morris—a private banker who handled Epstein’s accounts at JPMorgan Chase and later Deutsche Bank—described Epstein’s financial profile with unusual precision.

Epstein’s trading was minimal. His accounts produced limited fees.

He was not a high-activity client and did not utilize the investment tools that banks rely on to generate consistent revenue. By every conventional benchmark, he was a low-value account.

And yet, the relationship continued.

The deposition shows why. Epstein was not retained for his financial performance but for his institutional usefulness.

Morris acknowledged that Epstein facilitated introductions to ultra-wealthy individuals that the bank viewed as essential prospects. One example was Leon Black, whom Morris identified as a “priority prospect” because of Black’s significant net worth and influence in the investment sector.

Epstein introduced the bank to real-estate investor Andrew Farkas and discussed a potential connection involving biotech investor Boris Nikolic, who had ties to Bill Gates.

These introductions were specific, documented, and initiated by Epstein, not the bank.

This is the key element that many public accounts overlook. Epstein was not being managed as a traditional client. He functioned as a relationship broker inside a system where introductions to power carry more internal value than account-level returns.

Banks routinely emphasize compliance structures, but the testimony shows how those structures contract when the client provides access that cannot be replicated elsewhere.

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OCC Says 9 Big Banks Took Part In ‘Inappropriate’ Debanking Practices

The Office of the Comptroller of the Currency (OCC) has released a report saying that the nine largest lenders in the U.S. made “inappropriate distinctions” that it used to restrict services among certain customers.

Following the signing of an executive order by President Donald Trump in August of this year, the OCC began reviewing all banks for any current or past practices that effectively barred customers on the basis of political or religious belief.

Wednesday, the OCC released its report, saying that it had found conclusive proof that nine large banks had policies that either refused services to some industries or required higher levels of scrutiny that exceeded the actual financial risks between 2020 and 2023.

According to Bloomberg, the banks involved are accused of restricting access to firms in numerous sectors, including oil and gas exploration, coal mining, firearms, private prisons, payday lending, tobacco and e-cigarette manufacturers, adult entertainment, political action committees and digital assets.

The OCC said that many of the banks had publicly disclosed their policies, which were often tied to environmental, social and governance (ESG) goals.

Comptroller of the Currency Jonathan Gould said in a statement:

“It is unfortunate that the nation’s largest banks thought these harmful debanking policies were an appropriate use of their government-granted charter and market power. While many of these policies were undertaken in plain sight and even announced publicly, certain banks have continued to insist that they did not engage in debanking.”

The Bank Policy Institute, which advocates for many of the lenders named in the OCC report, issued a statement saying, “It’s in banks’ best interest to take deposits, lend to and support as many consumers and businesses as possible to drive economic growth. The industry supports fair access to banking and is already working together with Congress and the administration to ensure banks are able to serve law-abiding customers.”

Earlier in the week, JP Morgan CEO Jamie Dimon was dismissive of concerns about debanking, telling Fox News that the issue was mostly made up and that the people concerned about it needed to “grow up”

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Epstein enlisted Rothschild-run bank to fund Israel’s cyberweapons development: Report

Deceased US financier and notorious sex offender Jeffrey Epstein attempted to use a Swiss, Rothschild-run private bank to raise money for Israeli cyberweapons development, according to leaked emails from the inbox of former Israeli premier Ehud Barak. 

The emails were obtained from a hack carried out by non-profit whistleblower Distributed Denial of Secrets, and cited in a report released by Drop Site News. 

In 2019, Bloomberg revealed that Ariane de Rothschild, CEO of Edmond de Rothschild Group (then vice chairman), visited Epstein’s New York mansion in 2015. Epstein was found dead in his prison cell less than two weeks later. 

The bank denied it at the time, but admitted four years later that de Rothschild met Epstein as part of her “duties” at the institution – coming after the Wall Street Journal (WSJ) released the sex offender’s meeting calendars. 

Epstein provided introductions to US finance leaders and law firms and provided tax and risk consulting, the bank said, while also assisting de Rothschild personally on “a couple of occasions” with estate management advice.

However, emails released by the US House Oversight Committee earlier this month revealed a closer relationship between Epstein and de Rothschild. Epstein had arranged to see a play with her, and had also planned a trip to Montreal with her. 

The Barak emails obtained by Handala show that Epstein tried to use his friendship with de Rothschild to fundraise for Israeli cyberweapons development. After retiring from government in 2013, Barak worked with Pavel Gurvich – a graduate of the Israeli army’s Unit 81 technology unit – to find cyberweapons startups linked to the Israeli intelligence community. 

Conversations between Barak and Gurvich included a variety of cyberweapons concepts and ideas derived from Israeli army research and inspired by the US National Security Agency’s (NSA) vast surveillance network. 

Epstein also pushed plans to finance these cyberweapons companies and sought to get support from de Rothschild. 

The emails show Epstein played the role of middleman between the former Israeli prime minister and de Rothschild.

“If Ehud wants to make serious money, he will have to build a relationship with me. Take time so that we can truly understand one another,” said a message from de Rothschild relayed to Barak by Epstein. 

“I’m ready. But I need your advice re HOW? (ladies is your forté),” Barak responded to Epstein.

“It’s not clear whether the Rothschild bank ultimately participated directly in Epstein and Barak’s cyberweapons efforts – but in October 2015, de Rothschild negotiated a $25 million contract with Epstein’s Southern Trust Company, the same entity Epstein used to fund Barak’s intelligence-linked security startup Reporty Homeland Security (now known as Carbyne) earlier that year,” Drop Site News revealed. 

Earlier this month, Drop Site News also revealed via leaked emails that Epstein and Barak helped Israeli intelligence shape the security apparatuses of several African nations, most notably in Cote d’Ivoire.

The new US House Oversight Committee disclosures from earlier in November show that de Rothschild and Epstein remained close over the years. 

Epstein was convicted in 2008 for soliciting a minor for prostitution but was given a non-prosecution plea deal by the Miami US attorney, Alexander Acosta, who stated that he was warned to “back off” because the convict was connected to an unnamed intelligence agency.

The sex offender was again arrested in 2019 on federal sex-trafficking charges. He died while in prison awaiting his trial, under mysterious circumstances. 

Prison authorities claim he committed suicide, yet this is disputed.

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US justice department investigates Epstein’s alleged ties to Clinton and banks after Trump request

The US justice department has confirmed it will investigate paedophile financier Jeffrey Epstein’s alleged links to major banks and several prominent Democrats, including former President Bill Clinton.

US President Donald Trump said he would ask Attorney General Pam Bondi and the FBI to look into Epstein’s “involvement and relationship” with Clinton and others.

Bondi said the department “will pursue this with urgency and integrity”.

Trump’s request came days after thousands of Epstein’s emails were released by the US Congress – which include mentions of the US president. Democrats have accused Trump of trying to deflect from questions about his relationship with Epstein.

The emails, released by the US House Oversight Committee, include many high-profile figures. A review by the Wall Street Journal found that Trump was mentioned in more than 1,600 of the 2,324 email threads.

Robert Garcia, the leading Democrat on the committee, said Trump was attempting to “deflect from serious new questions we have about his relationship with Jeffrey Epstein”.

In addition to Clinton, Trump said he asked the Department of Justice (DoJ) to investigate banks JP Morgan and Chase, former Treasury Secretary Larry Summers and LinkedIn founder Reid Hoffman, who is also a prominent Democratic donor.

“Epstein was a Democrat, and he is the Democrat’s problem, not the Republican’s problem!” he wrote on social media.

“They all know about him, don’t waste your time with Trump. I have a Country to run!”

Clinton has strongly denied he had any knowledge of Epstein’s crimes.

A spokesperson for JPMorgan Chase said the firm regrets “any association” they had with Epstein, and added that the firm “did not help him commit his heinous acts”.

It is unclear whether Trump made a formal request or issued a directive to the justice department, or if Bondi was responding to his post on his Truth Social platform.

Bondi said she appointed US Attorney Jay Clayton to lead an investigation into the ties with Epstein.

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Fannie Mae officials ousted after sounding alarm on sharing confidential housing data

A confidant of Bill Pulte, the Trump administration’s top housing regulator, provided confidential mortgage pricing data from Fannie Mae to a principal competitor, alarming senior officials of the government-backed lending giant who warned it could expose the company to claims that it was colluding with a rival to fix mortgage rates.

Emails reviewed by The Associated Press show that Fannie Mae executives were unnerved about what one called the “very problematic” disclosure of data by Lauren Smith, the company’s head of marketing, who was acting on Pulte’s behalf.

“Lauren, the information that was provided to Freddie Mac in this email is a problem,” Malloy Evans, senior vice president of Fannie Mae’s single-family mortgage division, wrote in an Oct. 11 email. “That is confidential, competitive information.”

He also copied Fannie Mae’s CEO, Priscilla Almodovar, on the email, which bore the subject line: “As Per Director Pulte’s Ask.” Evans asked Fannie Mae’s top attorney “to weigh in on what, if any, steps we need to take legally to protect ourselves now.”

While Smith still holds her position, the senior Fannie Mae officials who called her conduct into question were all forced out of their jobs late last month, along with internal ethics watchdogs who were investigating Pulte and his allies.

The dismissals rattled the housing industry and drew condemnation from Democrats. It also gave Pulte’s critics evidence to support claims that he has leveraged the nonpublic information available to him to further his own political aims.

“This is another example of Bill Pulte weaponizing his role to do Donald Trump’s bidding, instead of working to lower costs amidst a housing crisis,” said Sen. Elizabeth Warren, of Massachusetts, the ranking Democrat on the Senate Banking Committee. “His behavior raises significant questions, and he needs to be brought in front of Congress to answer them.”

The episode marks the latest example of Pulte using what is typically a low-profile position in the federal bureaucracy to enhance his own standing and gain the attention of President Trump. He’s prompted mortgage fraud investigations of prominent Democrats who are some of the president’s best known antagonists, including Sen. Adam Schiff of California, New York Attorney General Letitia James and California Rep. Eric Swalwell.

In June, he ordered Fannie Mae and Freddie Mac to prepare a proposal for the firms to accept cryptocurrency, another industry Trump has boosted, as part of the criteria for buying mortgages from banks. Last week, he persuaded Trump about the allure of a 50-year mortgage as a way to increase home buying and building – a proposal that was widely criticized because it would drastically increase the overall price of a loan.

Pulte also has focused on large home construction companies, which have drawn Trump’s ire. Pulte requested confidential Fannie Mae data and has publicly signaled that he is considering a crackdown if the companies do not increase construction volume.

“I’m looking at the Fannie Mae builder data and with the top three homebuilders we buy EASILY over $20 billion in THEIR LOANS!” he posted to X in early October.

In a brief statement, the Federal Housing Finance Agency, which Pulte leads, did not address questions from the AP, but said the agency “requires its regulated entities to carry out their operations in compliance with all applicable laws and regulations.”

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Who Really Owns America? The Banks, The Billionaires, & The Deep State

“The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought and paid for the Senate, the Congress, the state houses, the city halls. They got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear… They spend billions of dollars every year lobbying. Lobbying to get what they want. Well, we know what they want. They want more for themselves and less for everybody else… It’s called the American Dream, ‘cause you have to be asleep to believe it.”

– George Carlin

As President Trump floats the idea of 50-year mortgages, Americans are being sold a new version of the American Dream—one that can never truly be owned, only leased from the banks, billionaires, and private equity landlords who profit from our permanent state of debt.

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Florida Probes JPMorgan Over Truth Social Debanking

Florida’s Attorney General James Uthmeier has opened a major investigation into JPMorgan Chase after disclosures that the bank severed ties with Trump Media and Technology Group (TMTG), the company behind the free speech social media platform Truth Social, and may have shared sensitive data with the Biden administration’s Justice Department as part of the “Arctic Frost” investigation.

In a formal notice, Uthmeier stated that JPMorgan’s conduct “may implicate numerous Florida criminal and civil antifraud laws and de-banking prohibitions,” and directed the bank to preserve all documents and communications related to the matter.

We obtained a copy of the letter for you here.

The Arctic Frost probe was initially presented as a limited inquiry into President Donald Trump’s activities following the 2020 election.

It has since expanded into a wide-reaching operation involving numerous Republican lawmakers, conservative groups, and individuals.

Reports indicate that federal agents issued secret subpoenas to financial institutions and technology companies, demanding extensive amounts of private and financial information.

JPMorgan’s involvement came to light when Devin Nunes, CEO of Truth Social and Chair of the President’s Intelligence Advisory Board, appeared on Sunday Morning Futures with Maria Bartiromo on November 9. During the interview, Nunes revealed that JPMorgan had “inexplicably debanked” TMTG as the company was preparing to go public in early 2024.

He suggested that the timing was connected to the Justice Department’s broad subpoena requests and criticized both the bank and federal officials for what he described as politically motivated actions that may have violated the law.

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