Malibu mansion bought with funds from African nation.

Malibu mansion bought with funds from African nation.

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A U.S. Senate investigation is trying to get to the bottom of an alleged money laundering scheme that included the purchase of a hilltop Malibu mansion by a an allegedly-corrupt official from Africa with ties to a well-known U.S. rapper/actress, it was reported Saturday.

The Senate's Permanent Subcommittee on Investigations released a 325-page report last week that sheds light on how banks such as Citigroup, Wachovia and Bank of America moved hundreds of millions of dollars from impoverished African nations to U.S. accounts held by African politicians, their relatives and associates, the

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This is why no funds or assistance should be provided to these countries.

Billions of U.N. relief and assistance is taken by corrupt officials and used for their own personal gain.

Haiti is in the same situation.Since 2004 the U.N. has given Haiti 450 million for various disaster relief programs.Nothing in the country has changed.

When will the people of this world realize that only a small percentage of the population control the money.

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reply to post by Oneolddude


Yes, it is sickening isn't it? How much you want to bet that the conspirators in this case will not be injured by it one little bit?

The Senate report says, the banks ignored controls intended to prevent money laundering by high-risk clients from corrupt countries.

The involved banks’ (Citigroup, Wachovia and Bank of America) senior executives, along with Teodoro Nguema Obiang (and his girlfriend Eve) should be sent to live for one year along side Equatorial Guinea’s impoverished people with nothing available to them except for what their people have.

Well the underware bombers dad was one of these bankers / politicians that are responsible for milking money and hideing money stollen from Africa.