How About it Wells Fargo, Big Fine

You cant even trust a bank employee, much less the bank? And a big banking network. So who pays the fine, who goes to jail, who does the formal walk of shame?

CNN: Wells Fargo is being slapped with the largest penalty since the CFPB was founded in 2011. The bank agreed to pay $185 million in fines, along with $5 million to refund customers.

“We regret and take responsibility for any instances where customers may have received a product that they did not request,” Wells Fargo said in a statement.

Wells Fargo confirmed to CNNMoney that the firings represents about 1% of its workforce.

“At Wells Fargo, when we make mistakes, we are open about it, we take responsibility, and we take action,” the bank said in a memo to employees on Thursday.

Wells Fargo to pay $185 million to settle allegations its workers opened fake accounts              

LATimes: City and federal officials have reached a $185-million settlement with Wells Fargo over allegations that the bank’s employees, driven by strict sales quotas, regularly opened new accounts for customers without their knowledge.

The settlement, announced Thursday morning, calls for the San Francisco banking giant to pay $100 million in penalties to the Consumer Financial Protection Bureau — the largest fine the federal agency has ever imposed — and $35 million to the Office of the Comptroller of the Currency, another federal regulator.

It also will pay $50 million in penalties to local officials and to compensate account holders for fees related to bogus accounts.

The bank did not admit any wrongdoing in the consent order but apologized to customers and announced steps to tighten its sales practices.

The questionable practices were uncovered by a 2013 Times investigation that found Wells Fargo pressured its employees to open more accounts and that some employees resorted to opening fake ones to meet sales goals.

Last year, Los Angeles City Atty. Mike Feuer filed a lawsuit that alleged Wells Fargo “victimized their customers by using pernicious and often illegal sales tactics” including unrealistic quotas and policies that have “driven bankers to engage in fraudulent behavior.”

Feuer’s suit caught the attention of the CFPB and OCC, which conducted their own investigations into the bank’s sales tactics. The CFPB, citing an analysis by Wells Fargo, said bank employees may have opened as many as 2 million accounts — including more than 500,000 credit cards — without customers’ authorization.

 

The investigations found that employees would illegally transfer funds into unauthorized accounts, create PINs for debit cards customers never asked for and even created bogus email addresses to secretly sign customers up for online banking.

“Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses,” said Richard Cordray, director of the CFPB, in a statement Thursday. “Because of the severity of these violations, Wells Fargo is paying the largest penalty the CFPB has ever imposed.”

On a conference call with reporters on Thursday, Feuer called the bank’s practices “a major breach of trust.”

 

“It’s outrageous for a bank to use a customer’s private information without permission to open an unwanted account,” he said. “Customers must be able to trust their banks.”

The bank has consistently said such practices are not widespread and that workers who cheat to meet sales goals are disciplined or fired. In a statement Thursday, Wells Fargo confirmed the settlements and said it has set aside $5 million to cover refunds to customers.

The bank said it has already provided refunds to about 100,000 customers, paying a total of $2.6 million so far with payments averaging $25. The bank said the number of accounts refunded represent “a fraction of one percent of the accounts reviewed.”

“Wells Fargo is committed to putting our customers’ interests first 100 percent of the time, and we regret and take responsibility for any instances where customers may have received a product that they did not request,” the bank said in its statement.

The Times’ 2013 story, based on court records and interviews with dozens of former and current Wells Fargo employees, reported that workers opened duplicate accounts, ordered credit cards for customers who did not ask for them and even forged customers’ signatures.

In many cases, customers say they’ve had to pay fees related to accounts they never opened.

 

In a more extreme case, Mexican pop star Ana Bárbara this summer sued Wells Fargo, saying an employee opened up accounts without her knowledge then spent more than $400,000 in her name.

Wells Fargo employees have sued the bank alleging they were forced to work unpaid overtime as they tried to meet goals, while bank customers have sued alleging that fake accounts were opened in their names.

But the customers have so far been unsuccessful in their lawsuits. At Wells Fargo, as at many other banks, when customers sign up for accounts, they agree that any dispute with the bank will be handled in private arbitration rather than in court.

Judges have ruled that those arbitration agreements hold up even in cases in which customers are suing over accounts they never authorized.

Along with reimbursing customers and paying $25 million to the city of Los Angeles and another $25 million to the county, the bank will send notices to customers asking them to stop by a branch so that employees can “help you close any accounts or discontinue services you do not recognize or want,” according to the settlement agreement with Feuer’s office.

 

Already, Wells Fargo officials said the bank has hired an outside firm that has reviewed customer accounts looking for bogus accounts. The bank said the outside review was finalized before the settlements.

The bank said it has also disciplined and fired managers and employees who “acted counter to our values,” and has worked to improve training and monitoring programs.

Regulators said Thursday that their actions against Wells Fargo should send a message that banks must ensure their sales tactics do not lead to consumer harm.

The CFPB’s Cordray said banks can have sales goals and financial incentives for employees to open accounts for customers, but those goals and incentives must be carefully structured and monitored.

“What happened here is Wells Fargo built an incentive-compensation program that made it possible for Wells Fargo employees to pursue underhanded sales tactics,” he said. “Companies need to pay very close attention … to ensure that customers are protected.”

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Kase Lawal, Hillary, Barack and Boko Haram

 

Bring Back Our Girls: Michelle Obama and Malala Yousafzai support campaign for return of kidnapped Nigeria schoolgirls

 BuzzNigeria.com  A video was released in August with new Boko Haram demands but YouTube removed it.

McClatchy: HOUSTON — A Texas oilman who’s accused of defrauding the Nigerian government by illegally pumping and exporting 10 million barrels of oil is a major fundraiser for Hillary Clinton’s presidential campaign.

Kase Lawal of Houston is at least the fourth person accused or convicted of criminal wrongdoing to help finance Clinton’s political ambitions since 2000 and the second in her quest for the White House. The list also includes Chinese and Pakistani fugitives and a former Miami lawyer who was convicted of defrauding Cuba.

There’s no indication that Clinton’s campaign was aware of Lawal’s legal problems when it accepted his help in raising more than $100,000, but a McClatchy investigation in the U.S. and Nigeria suggests that her campaign did little to scrutinize the background of one of its top fundraisers.

****

In 2010, Kase Lawal, Member, Advisory Committee for Trade Policy and Negotiations for the White House. CAMAC Energy, NYSE (CAK) was founded in 2005. CAMAC Energy Inc. has offices in Hartsdale, New York; Houston, Texas; Beijing, China and Lagos, Nigeria.

****

Lawal maxed out donations to Hillary’s 2016 primary campaign, and his wife Eileen donated $50,000—the most allowed—to President Obama’s 2009 inaugural committee.

Lawal describes himself as a devout Muslim who began memorizing the Quran at age 3 while attending an Islamic school. “Religion played a very important role in our lives,” he told a reporter in 2006. “Every time you finish a chapter they kill a chicken, and if you finish the whole thing, a goat.” In Africa, Lawal has been at the center of multiple criminal proceedings, even operating as a fugitive. Over the last decade, he faced charges in South Africa over an illegal oil scheme along with charges in Nigeria of illegally pumping and exporting 10 million barrels of oil.

Read more: http://newsrescue.com/report-links-nigerian-corrupt-billionaires-clinton-foundation-boko-haram/#ixzz4Jgxw7OrA

Read more: http://newsrescue.com/report-links-nigerian-corrupt-billionaires-clinton-foundation-boko-haram/#ixzz4Jgxf5UtN

 

Hillary Clinton Obstructed Boko Haram Terror Designation as Her Donors Cashed In

Source: Hillary Obstructed Boko Haram’s Terror Designation as Her Donors Cashed In | PJ Media

By Patrick Poole

…as Boko Haram began to ramp up its terror campaign in 2011 and 2012, Hillary Clinton obstructed the official terror designation of the group over the objections of Congress, the FBI, the CIA and the Justice Department.

Why did Hillary Clinton’s State Department drag its feet on the terror designation in the face of near unanimous opposition from the rest of the U.S. government?

A recent series of reports exposes that a close Clinton family confidante — and Hillary campaign bundler — profited from Nigeria’s lucrative oil fields. He engaged in multiple illegal deals throughout Africa. …

Why is no one in the media talking about Hillary and Boko Haram?

It is worth nothing that Congress had to drag a reluctant State Department kicking and screaming to get Boko Haram designated in November 2013, after Hillary Clinton had left office.

Hillary Clinton’s willful obstruction in the matter is easy to document:

  • Members of Congress discovered in 2014 that the Clinton State Department intentionally lied and downplayed the threat from Boko Haram, and worked to kill bills in both the House and the Senate calling for their designation in 2012.
  • As Reuters reported, the Justice Department’s National Security Division strongly urged the State Department to designate Boko Haram, but then a group of 21 American academics rallied to the State Department’s aid by sending a letter to Hillary Clinton strongly arguing against Boko Haram’s designation.
  • We also now know that the Obama administration was sitting on intelligence— obtained as a result of the Bin Laden raid— that revealed Boko Haram’s direct connection to al-Qaeda and the international terror network in 2011 and 2012. In other words, Hillary’s State Department was arguing that Boko Haram had no such connections, that it wasn’t a transnational terror threat, even though the Obama administration — and likely Clinton herself — knew that was false.

An important two-part investigative series by WORLD magazine reporters Mindy Belz and J.C. Derrick provides some insight:

Belz and Derrick discovered that Hillary Clinton’s obstruction of the Boko Haram designation, and the continuing chaos in northern Nigeria — Africa’s largest economy and the 10th largest oil producer in the world — directly benefited Clinton Global Initiative donors and a close Clinton confidante who bundled campaign cash for Hillary.

From the second article from Belz and Derrick:

Perhaps the most prominent Nigerian with ties to the Clintons is Houston-based Kase Lawal. The founder of CAMAC Energy, an oil exploration and energy consortium, Lawal had a long history with Bill Clinton before becoming a “bundler” for Hillary’s 2008 presidential bid, amassing $100,000 in contributions and hosting a fundraiser in his Houston home — a 14-room, 15,264-square-foot mansion. Lawal maxed out donations to Hillary’s 2016 primary campaign, and his wife Eileen donated $50,000 — the most allowed — to President Obama’s 2009 inaugural committee.Lawal describes himself as a devout Muslim who began memorizing the Quran at age 3 while attending an Islamic school. “Religion played a very important role in our lives,” he told a reporter in 2006. “Every time you finish a chapter they kill a chicken, and if you finish the whole thing, a goat.”

Today the Houston oil exec — who retired in May as CEO but continues as chairman of the board of CAMAC, now called Erin Energy — tops the list of wealthiest Nigerians living in North America. His firm reports about $2.5 billion in annual revenue, making it one of the top private companies in the United States.

In Africa, Lawal has been at the center of multiple criminal proceedings, even operating as a fugitive. Over the last decade, he faced charges in South Africa over an illegal oil scheme along with charges in Nigeria of illegally pumping and exporting 10 million barrels of oil.

In the Democratic Republic of Congo, Lawal arranged a 2011 plot to purchase 4 tons of gold from a rebel warlord, Bosco Ntaganda, linked to massacres and mass rapes.Ntaganda was on a U.S. sanctions list, meaning anyone doing business with him could face up to 20 years in prison. Lawal contacted Clinton’s State Department, and authorities in Congo released his plane and associates in the plot.

He never faced charges in the United States, and he remains a commissioner for the Port Authority of Houston.

Lawal’s energy firm holds lucrative offshore oil licenses in Nigeria, as well as exploration and production licenses in Gambia, Ghana, and Kenya, where he operates in a conflict-ridden area largely controlled by Somalia’s al-Shabaab militants.

The firm also has held contracts in Nigeria for crude oil lifting, or transferring oil from its collection point to refineries. Until last year, when newly elected President Muhammadu Buhari began an effort to reform the process, contracting for lifting has been awash in kickbacks, bribes, and illegal activity.

Overland lifting contracts often involve partnership with the North’s past and present governors, including those who serve as quasi-warlords with ties to Boko Haram and other militants.

Lawal’s enterprises have long been rumored to be involved in such deals, as have indigenous oil concerns like Petro Energy and Oando, Nigeria’s largest private oil and gas company, based in Lagos and headed by Adewale Tinubu, another controversial Clinton donor.

In 2014, Oando pledged 1.5 percent of that year’s pre-tax profits and 1 percent of future profits to a Clinton Global Initiative education program. This year, Adewale gained notoriety when the Panama Papers revealed he holds at least 12 shell companies, leading to suspicion of money laundering, tax evasion, and other corruption.

In 2013 Bill Clinton stood alongside Adewale’s uncle, Bola Tinubu, while attending the dedication of a massive, controversial reclamation project called Eko Atlantic. Critics call Bola Tinubu, leader of the ruling All Progressives Congress party, Nigeria’s “looter in chief.” A Nigerian documentary says that when the billionaire landowner was governor of Lagos State (1999-2007), he funneled huge amounts of state funds — up to 15 percent of annual tax revenues — to a private consulting firm in which he had controlling interest.

In the United States, where he studied and worked in the 1970s and ’80s, Tinubu is still a suspect in connection with a Chicago heroin ring he allegedly operated with his wife and three other family members. In 1993 Tinubu forfeited $460,000 to American authorities, who believe he trafficked drugs and laundered the proceeds.

But wait, there’s more:

Beneath the surface, literally, Boko Haram was making it possible for illicit operators to lay claim to the area for their own purposes, and to pump oil from Nigeria’s underground reserves to Chad. Using 3-D drilling, Chad operators can extract Nigerian oil — without violating Nigerian property rights — to sell on open markets. One benefactor of the arrangement is Ali Modu Sheriff, a leading politician in the North, Borno State governor until 2011, and an alleged sponsor of Boko Haram, who is close friends with longtime Chad President Idriss Déby.The very terrorism that seems to be deterring oil exploration in reality can help illicit extraction, forcing residents to flee and giving cover to under-the-table oil traders. In 2015, a year when overall oil prices dipped 6 percent, Lawal’s Erin Energy stock value skyrocketed 295 percent—the best-performing oil and gas stock in the United States.

Hillary Clinton’s obstruction of the Boko Haram terror designation in the face of FBI, CIA, DOJ, and Congressional urging to do so is a documented fact. But the reason for Hillary’s obstruction, which the establishment media has never pressed Clinton for, remains unanswered.

Documents: Mahmoud Abbas Former KGB, Syria

KGB document claims Mahmoud Abbas was an agent in Damascus

A KGB document that was revealed by Israel’s Channel 1 claims that in 1983, the Palestinian Authority President was an agent in Damascus. Senior level PA officials rejected the claims and accused Israel of attempting to damage the President’s image.

JerusalemOnline: According to a document that was released this evening (Wednesday) by Israel’s Channel 1, PA President Mahmoud Abbas was an undercover Soviet agent in Syria more than 30 years ago. The story was reported by Channel 1’s foreign news desk editor Oren Nahari.

According to the report, the details were revealed in documents that KGB defector Vasili Mitrokhin brought with him to the West. Among the documents was a list from 1938 that included the names of Palestinian sources and agents in Damascus.

image descriptionPhoto Credit: The Mitrokhin Archives/Channel 2 News

In the list, it is clearly listed that Mahmoud Abbas, whose code name was Krotov (mole), was a KGB agent in Syria. Mitrokhin’s archives were made available to researchers recently and the list found its way to the Hebrew University’s Truman Institute researchers Isabella Ginor and Gideon Remez.

It is unclear whether Abbas was an agent before or after 1983. In the document, the code name Krotov is listed as “Mahmoud Abbas, born in 1935 of Palestinian origin.”

The PA responded to the report by rejecting the claims. Senior level PA officials asserted that this was a joke and an Israeli attempt to damage Abbas’ name in light of the political deadlock.

Related reading: Mitrokhin’s KGB archive opens to public 

Mitrokhin Archive

The Mitrokhin Archive consists of summarized notes taken by Vasili Nikitich Mitrokhin, a former KGB archivist who defected to the United Kingdom after the fall of the Soviet Union. Primarily, this collection contains items from his “Chekist Anthology,” which covers activities of the secret Soviet organization Cheka in places such as Czechoslovakia, Afghanistan, and Egypt. For more context, please read the “Note on Sources” and biography of Mitrokhin below, all of which should be read before any other documents. See also Intelligence Operations in the Cold War and the Vassiliev Notebooks. (Image, Mitrokhin) No image found.

Meanwhile:

MOSCOW (Sputnik) – The Russian authorities continue talks with the leadership of Israel and Palestine to organize a meeting of their presidents, but such meeting is not on the agenda yet, Kremlin spokesman Dmitry Peskov said Wednesday.  

Earlier media reports suggested that Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas were considering coming to Moscow for Russia-mediated talks in late September.  

“[This meeting] is not on the agenda at the moment,” Peskov told reporters.

“You know that the special presidential representative for the Middle East was in the region, he continues his work, he continues his contacts with the corresponding sides,” he added.

**** YNetNews: The report claims that information was taken from documents smuggled to the West by Vasili Mitrokhin who was a major and senior archivist for the KGB. Mitrokhin eventually became a defector against the Soviet regime and fled to the West in possession of many documents which he smuggled from Russia to London.

The Mitrokhin Archive was opened to public researchers just a few months ago. The relevant document reached researchers at the Truman Institute’s, Dr. Isabella Ginor and Gideon Remez, who previously worked for Israel’s Voice of Israel (Kol Yisrael).

Contained in the documents is, among other things, a list list of sources from 1983, aids and Palestinian agents of the KGB in Damascus. Listed among them is Mahmoud Abbas, born in 1935, under the codename of ‘Kortov’—mole—and marked as a KGB agent in Syria.

Mitrokhin’s documents reveal the identities of more than one thousand spies and collaborators who worked for the KGB. Indeed, investigators have emphasized that Mahmoud Abbas is listed not as a collaborator or someone who could be turned into a spy, but categorically as a KGB agent.

“The full archive of Mitrokhin was opened to researchers only last year and we ordered the entire file on the Middle East numbered 24. It was sent to us from Cambridge University and we read it point by point,” Remez said. “The source is extremely reliable when not all the details are known.”

 

According to the list, Abbas was an agent in 1983 but it is not yet known whether he also was before or after that year. A preliminary conclusion that has been drawn is that he was recruited to the KGB when he was a student in Moscow when he wrote a doctoral dissertation in which he grossly played down the crimes of the Holocaust.

 

Russian Air Aggression Happens Again, Black Sea

Russian jet flies within 10 feet of US Navy spy plane, defense official says

FNC: A Russian fighter jet zoomed within just 10 feet of a U.S. Navy spy plane over the Black Sea on Wednesday, the latest in a string of daring maneuvers involving Russian aircraft and the U.S. military, a defense official with knowledge of the incident told Fox News.

The Russian Su-27 Flanker jet flew dangerously close to a U.S. Navy P-8 Poseidon reconnaissance aircraft used primarily for anti-submarine warfare while on routine patrol in international airspace, defense officials said.

The Russian defense ministry accused the Navy plane of flying with its transponder—which emits an identifying signal—turned off. A U.S. defense official would neither confirm nor deny the accusation but told Fox News, “It is not a requirement for a military aircraft to have its transponder turned on.”

The official said Russian military jets routinely fly with their transponders turned off, which helps the U.S. military identify them because other planes in the area are emitting an identifying signal from their transponders. The Navy spy plane was roughly 40 miles from Russia in the Black Sea when the Russian jet approached, according to a separate defense official.

Fox News is told a classified photo of the close call exists, but officials have not decided whether to release it. The entire encounter lasted 19 minutes, according to the Pentagon.

“We have concerns when there is an unsafe maneuver like this. These actions have the potential to unnecessarily escalate tensions, and could result in a miscalculation or accident,” Navy Captain Jeff A. Davis told reporters. Russian defense officials reportedly claimed they did not violate any international rules.

The Black Sea is about 500 miles south of Moscow.

In April, Russian jets buzzed a U.S. Navy destroyer in the Baltic Sea, coming within 30 feet of the Navy ship.

20140603_su27

Photos and video also showed a series of provocative moves from Iran’s powerful Revolutionary Guard targeting the U.S. military.

On Sunday, the Guard’s fast-attack boats came within some 500 yards of the USS Firebolt, with one stopping right in front of the coastal patrol boat in the Persian Gulf, said Cmdr. Bill Urban, a spokesman for the U.S. Navy’s 5th Fleet, based in Bahrain. Urban said the USS Firebolt turned and missed the boat by only about 100 yards. Iranian speedboats fired rockets near U.S. warships and commercial traffic in December, and an Iranian drone overflew an American aircraft carrier in January.

This latest Russian provocation comes as Secretary of State John Kerry is negotiating a cease-fire with Russia in Syria. Earlier today, Secretary of Defense Ash Carter said Russian officials were “trying to play by their own rules” and making the situation in Syria “more violent.”

Carter added, “Russia’s actions in recent years – with its violations of Ukrainian and Georgian territorial integrity, its unprofessional behavior in the air, in space, and in cyber-space, as well as its nuclear saber-rattling – all have demonstrated that Russia has clear ambition to erode the principled international order.”

Carter was speaking at Oxford University in the United Kingdom.

The New Faces of Illegal Immigrants into America

Mexico issues transit visas to surge of African migrants

MEXICO CITY (AP)— Mexican immigration authorities say 424 migrants from African countries arrived at the southern state of Chiapas over two days last week.

The National Immigration Institute said Tuesday that it has issued them 20-day transit visas that will allow the migrants to reach the U.S.-Mexico border, where they plan to request asylum.

Officials call it an unusual surge and say most of the migrants first went to Brazil or Ecuador to start their journey through Latin America.

Most of the Africans presented themselves voluntarily to immigration officials in the Chiapas town of Tapachula. They did not specify their nationalities. Immigration support staff in Tijuana has been aiding migrants from the Congo, Somalia and Ghana to arrive at the U.S. port of entry at San Isidro.

DailyCaller has more:

Guatemala is facing an influx of African immigrants on their way to the United States, having caught 56 times more so far in 2016 than they did in all of 2015.

Only 13 African immigrants were caught in Africa in all of 2015, and by September 2, 2016 729 Africans had been caught by Guatemalan authorities, La Prensa reports.  The majority of the African immigrants are from the Democratic Republic of Congo, Ghana, Senegal, and Somalia.

The country is facing an increase of immigrants in general. In 2015, the national police reported 1,131 immigrants caught from various countries. By August 29, 2016, they had intercepted 2,514 immigrants, an increase of 122.2 percent.

Jorge Pereza Breedy, head of the International Organization for Migration in El Salvador, Guatemala, and Hondoras, said that changes in the situation in Europe has led these immigrants to come to Central America. “The saturation of the transit route in Europe and the increase in border security is one of the principal factors in the increase of Asian and African emigrants in Central America,” Breedy told La Prensa.

The African immigrants aren’t in Guatemala to stay there and instead are making there way northward towards Mexico and the United States. “It’s not that they want to come to this country to stay, they want to get to the United States,” Danilo Rivera of the Central American Institute for Social and Development Studies said to La Prensa. (RELATED: Mexico Shipping Hundreds Of Illegal Africans To US Border)

Recently, El Salvadoran authorities busted a human smuggling ring which generated $150,000 a year bringing immigrants illegally to the United States from Brazil.

**** But there is still more:

The New Face of American Immigration

This year candidates have focused on migrants from Mexico, but nationally and in most states, India and China have become the top sources for new arrivals.

Mexico: 37,290
India: 13,662
El Salvador: 8,709
Honduras: 7,925
China: 6,249

Additional Notes:
  • Totals reflect the estimated number of non-U.S. citizens who reported living each source country a year earlier, regardless of immigration status.
  • Totals for China don’t include Taiwan. Other than that, countries were coded and grouped according to Ipums’ definitions.
  • Popups on the map show the values for India, China and Mexico, and the two other highest sources of immigrants.
  • Additional reporting from Janet Adamy
  • Source: Census Bureau via University of Minnesota (Ipums)

Going back to 2010, the matter of Africans fleeing to Latin America and then to the United States began for several reasons.

YaleGlobal: Latin America is becoming an increasingly common destination for African immigrants as Europe tightens its immigration controls and suffers from xenophobia and migration-related violence. Brazil, for example, which has the largest black population outside Africa, offers a more culturally receptive society. Though most of the population is white, Argentina receives a fair share of African migrants too. That country is attractive because immigrants can legalize their status and receive temporary work permits, even with the high level of unemployment, and have access to free healthcare and Spanish classes taught by Catholic church charities. While Europe shutters its borders, and the US tightens immigration, other countries that have historically grown through immigration are picking up the slack. – YaleGlobal

More African Immigrants Finding a Home in Latin America

As European countries tighten up border controls, a rising number of Africans fleeing trouble in their homelands are arriving at ports in Latin America