TV News LIES

Thursday, Jul 27th

Last update05:20:13 AM GMT

You are here News Economy How a Whistleblower Blew the Lid Off Wachovia-Drug Cartel Money Laundering Scheme

How a Whistleblower Blew the Lid Off Wachovia-Drug Cartel Money Laundering Scheme

E-mail Print PDF

American banks high on drug money launderingMartin Woods, an Englishman in his mid-40s, is blessed with a Sherlock Holmes instinct and demeanor. Woods is an expert at sniffing out "dirty" money passing through International Banking Systems.

A police officer for 18 years and later a detective with London Metro Police Agency, Woods capitalized on his unique expertise as a fraud expert by joining Wachovia's London-based Bank in March 2005 as an anti-money laundering officer.

It wasn't long after taking the job that he discovered that his own employer, one of America's leading banks, was a major player in aiding the "bloodthirsty" Mexico drug cartels to launder billions of dollars in drug money through Wachovia banks. Woods traced and identified a "number of suspicious transactions" related to Mexico-based Casa de Cambios (CDC).

Casa de Cambios are currency-exchange operations set up along the U.S. Mexico-border to assist cross border transfers of money to remit labor paychecks. And on the illegal side the Casa de Cambios are also known as the superhighway for narcotic proceeds into the U.S. and overseas financial markets.

When Woods zeroed in on deposited traveler's checks with sequential numbers sent by the CDC he discovered that large amounts of funds were exceedingly more than a typical person would need. The questionable CDC checks either lacked adequate identifying information or had none at all, including no legible signatures affixed on the funds.

More...


Most Recent Related Stories...


Fed keeps interest rate unchanged amid low inflation

Janet YellenThe Federal Reserve declined Wednesday to raise its benchmark interest rate amid a low inflation rate...

CBO rejects Trump's claim that budget plan would eliminate deficit

Trump budgetThe Congressional Budget Office cast doubt Thursday on the White House’s claim that President Trump’s proposed...

JPMorgan Whistle-Blowers Set to Reap Record $61 Million Bounty

JP Morgan whitleblowersTwo whistle-blowers are set to share a record $61 million award from the Securities and Exchange...

Study: ‘Buy America’ rules raising costs for US transit systems

Buy America increases prices of mass transitFederal requirements to buy American-made products may be forcing some U.S. transit systems to spend more...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!