Romanian prosecutors detain 33 bankers and officials in $28.5 million suspected banking fraud

Romanian prosecutors detain 33 bankers and officials in $28.5 million suspected banking fraud

www.foxnews.com

BUCHAREST, Romania – Prosecutors on Friday detained 33 government officials and bankers on suspicion of money laundering and fraud that cost Romania €22 million ($28.5 million).

The detainees included three Economy Ministry officials, the deputy chairman of the French-owned Romanian Development Bank, and the chairman of a state fund that offers banks guarantees in exchange for business loans.

(visit the link for the full news article)

As i've been saying, we are starting to see stories like this in the mainstream more and more often, lets hope the trend continues; i am about ready for a change.

Perhaps we in The States could learn some lessons from our Romanian and Icelandic friends. Though this is just beginning to scratch the iceberg so to speak at least it is a move in the right direction.

Cheers my friends!

Good, you have to start somewhere. They still have to prosecute them, something easier said than done. When change threatens to rule, the rules are changed. There comes a point when enough is enough. The high levels of financial fraud and manipulation has got way out of hand.

Of course, there has been much ado and many predictions made about what will happen once we start seeing bankers arrested in serious numbers.

i, myself, am very skeptical but here is to hoping!

reply to post by soulshn


I hope the punishment includes:

Tar
Feathers
Rope

And becomes the rule, not the exception.

I hope the punishment includes having to be represented by a public defender.

@nd.

Originally posted by pianopraze
reply to post by soulshn

 

I hope the punishment includes:

Tar
Feathers
Rope

And becomes the rule, not the exception.

Forgive and forget my friend, they will get theirs be it in this lifetime or the next.

Originally posted by MyHappyDogShiner
I hope the punishment includes having to be represented by a public defender.

@nd.

That seems a little harsh though. Ha!

Awesome! Now if only that could start happening in the US...

28 mill is like a drop in the ocean when compared to the true fraud they commit behind the scenes... or even in the open (fractional reserve banking for example). Still good to see bankers have some light shined on their activities though...

This is happening around the world...surprising the Romanians do justice for 28.5 mil, while the westerners are still scheming in the billions, maybe trillions!

Their trail has came to an end and caught them!

Post with more similar events.

∞LOVE
mayallsoulsbefree∞

reply to post by ChaoticOrder


I was thinking the same thing. They are going after nothing basically.

I want them to find the ones laundering drug money. Some CT's say that the FBI/CIA or another alphabet agency uses drug money to fund their secret projects, missions, fake dictatorships, etc.

reply to post by soulshn


This is good news but from past articles I've read about other people stealing billions of dollars they usually get the lightest sentence possible. How anyone can steal billions or even millions of dollars and be given 2 years in prison is BEYOND me. The whole system is corrupt and we cannot expect justice.

newyork.cbslocal.com...

www.france24.com...

reply to post by soulshn


Do these and other arrests of bankers stories around the world give any credence to David Wilcock's (sp?) gaztribilmilion dollar lawsuit paper or to that guy ...... Drake? Did the green light finally come on?
Or is it pure coincidence? I hope more and more of the scum bags get whats coming to them.
More importantly I hope the news of this wakes up more of the sheep.
Anyone remember the thread back in the spring (feb/mar) counting and tracking the resignations of hundreds of bankers worldwide. Seems there may have been some truth that they are running scared. Remember investigations and filing charges can be a long drawn out process as far as gathering evidence.
Let's hope we see more stories like this.
I was not a believer of Wilcock's or Drake's assertions, but it seems like they may not have been that far out to lunch now.

reply to post by Orgasmo


You have to love all the links Wilcox gives with his info, and yes it does appear that he was correct but his financial tyranny article (which is way out there) may have much truth to it and that boggles the mind, indeed wake up material , lsol

reply to post by Orgasmo



You raise excellent questions for which i have no answers, only hope.

i Love that movie by the way, will have to find it.

Well just imagine if you were a banker etc and knew there was a potential of being caught for past deeds and also were watching your cronies in differing countries around the world being patted on the shoulder, now imagine the manipulaters at the top or higher levels who believed they were untouchable, its only a matter of time, lsol

Originally posted by GD21D
Good, you have to start somewhere. They still have to prosecute them, something easier said than done. When change threatens to rule, the rules are changed. There comes a point when enough is enough. The high levels of financial fraud and manipulation has got way out of hand.

edit on 2-11-2012 by GD21D because: Punctuation

Is there ANY other threat, in the world that people fear most right now -- than our own wealthy and corporate culture? I'm sure SOME people worry about the bogie man like Al Qaeda. But you are a thousand times more likely to lose your home, or die from inadequate health coverage.

Our burgeoning police state is only there to deal with the "blow back" caused by continued abuse by the .1%. The other story about Bush meeting with fellow rich people in the Cayman islands says so much about what is wrong. It's so bad, that a former President is there cheerleading people who take money offshore. His own family has moved a great deal of wealth to Dubai. What does that say? I mean, the pretend patriotism doesn't extend to the bank account. He isn't "in it with us" -- he's one of the rats leaving the sinking ship. You'd expect this behavior from a hedge fund manager. I wonder about people who just aren't instantly disgusted by this, or who supported our "torture program" as if a country that supported such things could still be listed as "the good guys." The War on Terror supports torture which, is terrorism to anyone who isn't drinking the Cool Aid.

Too many people who've become tremendously wealthy have one foot out the door in a tax haven -- ready to bail if we give up on patriotism and fear of other countries and start seeing the REAL threat. The CIA sells our data to third parties. The US Chamber of Commerce lobbies for outsourcing jobs because it's comprised of multinationals. Our Media can't distract us enough from the slipped story about British Banksters manipulating the LIBOR rates. People pushing austerity and worrying about shaving a few million, fail to mention the $16 Trillion the Fed audit revealed being printed and handed to banks. Goldman Sachs and Bank of America each got more money than we spent on a "stimulus" to help working families.

What point is there to having air craft carriers or drones if they are paid for by a debt that is strung around your neck? The Chinese aren't invading with an air force -- they've made much more progress with WalMart. People aren't invaded anymore -- this is the 21st Century; you just use a Venture Capitalist fund, do a leveraged buyout on their job, and saddle them with debt they can never pay. Who needs to invade when you can just OWN the people?

The Banks have a debt creation system, where they get paid about 3% for printing money that our government used to. This money can never be paid back or the system collapses. But for every dollar you deposit, they loan ten. And that gives them a lot of influence over time.

There are some in our Intelligence services and military who think they defend the country. But the people at the top know that they work for people who were bought off one cocktail party at a time. We are distracted by this notion of foreign rivals so that we don't see that the Chinese leaders are as corrupted as ours. Our military goes in where an oil company wants cheap resources and our CIA destabilizes countries to make their resources and labor cheaper -- on in the case of Libya, to get them to trade oil on the dollar and join the world bank.

There was a term used from the Medieval Period called "Castle Building" -- and these were little agreements between royals that when the peasants tired of adding to the kings splendor, the other king would send his troops to attack. No more complaints.

>> I just wanted to vent about how sick I am of this -- and that we have no glimmer of justice in our future.

Originally posted by pianopraze
reply to post by soulshn

 

I hope the punishment includes:

Tar
Feathers
Rope

And becomes the rule, not the exception.

Too quick... for everyone they stole this money from and made suffer... Its just wayyyy to quick...

-Sandpaper
-Salt
-Lemon
-pepper spray
-Rope

Well, Well,well that's no surprise is it. The Romanians get along by thieving, they are a nation of criminals, and it's the worst thing the EU could do when they allowed the into the EU. The crime rate here in the UK as gone up since they came here, the Romanian gangs think nothing of skinning you alive.

Do not know many Romanians but all of them i know are good people, you appear to have some banker credentials - lack of empathy, judgement etc, anyway i have to add there are many good bankers out there also amonst the rotten apples and there is imo levels above the bankers pullings strings also, lsol