Earthlinggb's Blog

Santander (Madoff Ponzi Scheme) Banking criminals

Posted in Finance, The Corrupt SOB's by earthling on November 28, 2013


Spanish Jesuit Criminal 1: Emilio Botin

I have just found the following minutes of evidence wherein Horta- Osorio of Santander (now Lloyds) is questioned on the Bernie Madoff ponzi scheme. I think the reader will recognise the questioning is certainly that of a Treasury who smell one big rat – a Spanish Jesuit one!

I think, then, for anyone to consider the following previous blogposts a “stretch” in any way, would be closing one’s eyes to what is now set out before you.

Santander’s role in the Bernie Madoff ponzi scheme was immense and yet it is being suppressed.

Santander is a criminal enterprise!

Please cross reference with the following two blogposts:

santander-a-banking-giant-out-of-the-blue

and

bank-worker-stephanie-bon-and-the-4000hr-jesuit

Spanish Jesuit Criminal 2: Ana Patricia Botin

Spanish Jesuit Criminal 3: Horta-Osario

UK TREASURY MINUTES OF EVIDENCE 11th FEBRUARY 2009.

Q2053  Mr Breed: António, could we talk about what may be referred to as “the Madoff affair” and Santander’s investments? I think some of us are quite surprised, bearing in mind the history of your bank and the good acquisitions you have made and perhaps good investment decisions. What did you do in terms of due diligence on Madoff before you put quite substantial amounts of customers’ funds into it?

Mr Horta-Osório: We are as you know a bank which is very prudent in terms of risk management and controls. In order for you to be aggressive commercially, you should have certain areas such as risk management, auditing, control and compliance as very strong areas.

Q2054  Mr Breed: What happened with Madoff?

Mr Horta-Osório: It is in our opinion absolutely impossible to stop all frauds. This, as you know, is a fraud that was very wide, of very high dimensions, supervised by the SEC and the company and the person involved previously had a very high reputation.

Q2055  Mr Breed: As a very minimum, most people would have looked at the auditing arrangements. The auditing arrangements in terms of Madoff consisted of a 78 year old man living in Florida, one qualified accountant and a secretary. What sort of due diligence did you do on that?

Mr Horta-Osório: It is easier to say that with hindsight.

Q2056  Mr Breed: Absolutely, but why did you not do it?

Mr Horta-Osório: We have strong due diligence processes. We are absolutely convinced we followed them as we normally do and, as you know, we decided to compensate all of our private clients as a commercial decision.

Q2057  Chairman: I do not think we are going to get a sorry out of you today, are we? I looked at the congressional hearings and there was a man called Harry Marcopolis who reported this from 2000 to 2008 to the Securities Exchange Commission in the United States. If you look on YouTube, you will see his evidence. I looked at it. He said, “The Key Tip-Off. It took me five minutes to figure out he was a fraud. I basically read his strategy description and knew that that was not the source of his returns. Then I knew right away by looking at his performance chart.” He made an illustration to the Committee and he said, “His performance chart was a 45 degree angle without any variation. It only went in one direction: up. It never had any variation like the market does.” That was a key tip-off. If it took Harry Marcopolis five minutes, why did a credible bank like Banco Santander get duffed up on it? Why did you lose 2 billion euros on it? I put it to you that your due diligence was absolutely and utterly duff.

Mr Horta-Osório: Banco Santander did not lose two billion euros. Santander had a small amount invested in those funds.

Q2058  Chairman: How much did you lose?

Mr Horta-Osório: We lost 20 million euros.

Q2059  Chairman: That is still quite considerable for people.

Mr Horta-Osório: According to the total size of the bank and the total fraud which was $50 billion, that is a very small amount. Within our total asset management we had a significant amount of money and a small percentage of our customers who invested in these funds. We are absolutely convinced, as we have already said publicly, that we followed the due diligence procedure, as did many other banks around the world but despite that we have decided to compensate our private customers. On top of this, because we are in the UK, I would like to add that we have no UK clients at Abbey who invested in those funds.

Q2060  Chairman: It is not that I want to fall out with you but I do not believe you in terms of how the bank went about its structure because, again, Harry Marcopolis says, “What I saw and when I saw it. I was repeatedly ignored after an eight and a half year period between May 2000 and December 2008. Detailed, repeated warnings to the SEC.” That was when it could only have been a $3 billion fraud which ended up with a $50 billion fraud. When you get a one man accounting team who was a college friend of Madoff and he has two of his family in auditing, surely to goodness, with a big company, you should have exercised sufficient due diligence?

Mr Horta-Osório: I sympathise with your comments, but if it had taken five minutes for anyone probably it would have taken five minutes for the SEC as well, which supervised those funds.

Q2061  Chairman: The SEC did not take him on, because your man was the chief executive of NASDAQ and it was the old boys’ club. When you are investing other people’s money, you should have adequate due diligence. That is the point I am trying to make to you.

Mr Horta-Osório: Yes, and I agree with you. On top of that, we have offered to reimburse those customers.

Alan Greenspan: Insider Trader – Criminal

Posted in Finance, Law, Politics, The Corrupt SOB's by earthling on June 6, 2011

Time and time and TIME AGAIN, all I ever hear or read from mainstream media about us bloggers when we point at facts and figures, people and politics, Banks and bastards is “Conspiracy theorists”!

THEN, later – it can be weeks, months or years (and sometimes even decades) the facts and the info is displayed for all to see by mainstream as if it is something new that they never knew while people like myself, continuously, call these people in the media up and say “Here’s a story” but they NEVER wish to cover it. They NEVER ring you back. They just listen and then say “thanks very much” and disappear back into their cozy little routine as if you have disturbed them. No matter it might be the biggest scoop of their entire fucking lives. They don’t have the cajonas to write it! They are controlled little prats who have the audacity to call themselves “journalists”!

Ok rant over!

What’s just been published by Forbes on 1st June 2011 as if it is something “new”? As if it is ONLY fact when the mainstream dogs of dogma print it. Do you hear the mainstream being called “Conspiracy theorists” when they eventually publish? No! And you know why? Because they ONLY publish when their Editor says “go” and he only says “go” when the owners are happy for it to “go” and the owners are only happy for it to “go” when the establishment want it to. DO YOU SERIOUSLY STILL THINK THAT ROTHSCHILD AGENT, JULIAN ASSANGE, IS NOT GIVEN THE ALL CLEAR BEFORE HE “LEAKS”? If so you’re ignorant and naive!

?utm_source=allactivity&utm_medium=rss&utm_campaign=20110601

So, the entire US Congress and Senate are free to make their fortune off Insider trading. Well let me go back in time a little and copy an old blog regarding Alan Greenspan (no he’s not a congressman or a senator but he’s the VERY PERSON who, with 18 years as head of the Federal Reserve, CREATED the conditions and advised Congress and Senate on precisely the legislation they pushed through regarding fiscal and economic policy in the United States!).

From my blog dated 7th October 2009 titled “An orchestrated crisis (Part 1):

Now, you say, what an extremely fortunate and intelligent bunch of men these are who make fortunes while YOU die! “They’re just good at what they do and are lucky I guess so you can’t put them in jail for that can you?”

Well you can! Why?

Here’s why:

NEW YORK, Jan. 15 /PRNewswire/ — Paulson & Co. (Bloomberg: 573991Z US)Inc., a New York-based investment management firm, today announced itsretention of Dr. Alan Greenspan, former chairman of the Federal Reserve Board,
as a member of its advisory board. Dr. Greenspan will provide ongoing adviceto Paulson’s investment management team by sharing his perspective on issues affecting the financial markets.
Dr. Greenspan served as Chairman of the U.S. Federal Reserve Board for 18 years, from 1987 until 2006 over four presidential administrations — those of President Ronald Reagan, President George H.W. Bush, President William Clinton and President George W. Bush.

idUS136083+15-Jan-2008+PRN20080115

ALAN GREENSPAN: Presided over every aspect of the American monetary system (and to an extent worldwide) for 18 years. He understood the markets inside out. He knew what was wrong and what was right. What was going to balloon and what was going to bust. He dictated policy (for his owners that is). He walks into Paulson & Co in Jan 2008 and says “SHORT THE SUBPRIMES” and that is EXACTLY what Paulson did.

PURE INSIDER TRADING AT THE TOP OF THE TREE. THAT is why!! They are a Financial Mafia!! Will you please get this in your heads!

Need MORE proof? Then what about this little gem from Sept 2002:

rothchildmeeting.html

“He said that while everyone was drinking the best wines in the world, they were confronted with “three interconnected traumas” by those speaking: The Middle East, The collapse of shares, and the prospect of a global economic depression.”

and

“As if an ever expanding war were not bad enough, the economic outlook presented to the gathered plutocrats, was even grimmer since it was not overlaid with the blustering confidence of the Washington war party. In contrast to the geopolitical experts, who all seemed intoxicated by the omnipotence of the U.S.military machine, the economic experts — including James Wolfensohn, President of the World Bank, Paul Volcker the former chairman of the Federal Reserve Board, and, of course Buffet himself — all emphasized the impotence of monetary and fiscal policy after the collapse of one of the great speculative bubbles of all time.

“To make matters worse, the assembled company generally agreed that America and Britain, would soon be threatened by the new bubbles in the property markets……..”

So, SIX FULL YEARS BEFORE THE CRASH these people KNEW! How? ………… THINK about it! It doesn’t NEED much thought!

Then, in May 2003:

EE22AK03.html

“An influential Jewish European banker reveals that the ruling elite in Europe is now telling their minions that the West is on the brink of total financial meltdown; so the only way to save their precious investments is to bet on the new global crisis centered around the Middle East, which replaced the crisis evolving around the Cold War.”

While Alistair Darling and Gordon Brown are on record saying they had no clue even as late as 2008. Well Ken Clarke was there in 2003 at the Bilderberg meeting AND he’s a Steering Committee member! So you’re telling me that the little creep didn’t nudge either of the other two we were going to hit a big issue???

WHO ARE YOU TRYING TO KID IF YOU SAY YOU CAN’T SEE THIS SHIT!

Or do you think Walmart sell the same crystal balls?

CRIMES AGAINST HUMANITY FOLKS.

Make NO mistake. The ONLY reason these people are getting away with this is because it is our leaders who are getting richer along with them by being part of it. And THEY make the laws.

Those who are exposed such as Bernie Madoff are simply lambs to the slaughter. The ones who have been stupid or stepped on someone else’s toes.

Wake up to this coz this ISN’T BULLSHIT I’m talking here. This is, as they say, “In your face”

Enough people wake up and listen and we could hang these criminals, and the traitors who collaborate with them in our government, by the neck.

Apologies for the language but I do not take kindly to getting screwed!

Now to ADD to these FACTS – as I also said in that blog, George Soros is NOT the greatest investor and neither is Warren Buffet. They are INSIDERS and they are TOLD what is going to go up and what is going to go down due to various factors.

Listen to Max Keiser talk with Alex Jones (King of the American “Conspiracy theorist” camp):

A GLOBAL MAFIA is precisely what these people are.

Now listen to this (a video relating to Julian Assange but covers the Rothschild law firm of 500+ lawyers all over America and all interested in very specific types of law relating to Federal and Corporate law):

To the MAINSTREAM MEDIA: How bloody IMPOTENT are you people? You get your salaries but those who shut you up screw you through taxes, inflation etc as much as they screw anyone else. One day, you or your family members may just not be in as sweet a position as you so when your kid (if you’re not too fucking selfish to have them that is) comes to you and says “Hey dad, why didn’t you print this stuff way back when it would have been useful?” just tell them it straight:
“I’m a selfish bastard and was just thinking of me!”
 As for the rest of you dozy twats out there who still refuse to see the elephant(s) – and by now there’s a herd of them – in the living room: You deserve what’s coming at ya!
One last thing: If you don’t think Blair and Brown and Cameron and Osbourne and Mandelson and Clarke are not ALSO doing this over here then, again, you’re one naive prick! Because I’m telling you, they are!
22 ARLINGTON STREET, LONDON. Look it up!

THE QUEEN, UKIP, NIGEL FARAGE, LORD PEARSON & THE EU

Posted in Law, Politics by earthling on May 31, 2011

We have a corrupt Monarch who has now just released comments to the media that she believes she may be the last monarch of the United Kingdom. She cites concern regarding the potential for a Scottish referendum voting for total Scottish Independence – which, it must be added, is a joke and a lie on the Scottish people since there is NO independence while a nation is controlled by Private Banking interests through affiliation with the IMF and while, just as today all laws adopted in Scotland and the UK as a whole, are originating from our new Big Brother state, the EU, the same shall continue when Scotland simply becomes another small state like Ireland. The split up of the United Kingdom has been a long time coming and has been a necessity for the EU to take full control over this powerful, relatively rich and patriotic nation – but the Queen has known for decades this day was coming (since 1972 when we joined the EEC if not well before) ad the writing was firmly on the wall 20 years later in 1992 with the Maastricht treaty. The fact is that the Monarch has never been sovereign for decades. The even sadder fact is, she knows it and she has worked hand in hand with the agenda because it is precisely what she wishes for.

So now, your (and my) “Queen” is softening the UK public up to accept the reality of the EU. To all those Royalists and those who have scoffed at those of us who have said you no longer HAVE a real Queen or Monarchy while you waved your flags and bought your mugs and got all patriotic and teary eyed at the Royal Weddings, rather than BUY your mug don’t you FEEL like one?

She broke her Coronation Oath from the minute she stood up from the throne having been given her Crown!

 

 

182540.html

 

 

So you believe that the Royals are “concerned” about this beloved United Kingdom of theirs splitting up into nice easier swallowed chunks by the EU do you? You think Salmond’s rhetoric and the step by step approach to devolution over the years since, strangely, we joined the EEC in 1972, is al just “coincidence” do you? Are you SO blind to be unable to recognise you’ve been had and your blindness and unwillingness to listen to those who you believe are just “anti monarchists” and therefore, unpatriotic (when in fact is more precisely the opposite but we see what the Queen and Her Majesty’s Government have been doing these last few decades) STILL will have you remain in denial.

Yes Charlie, the Royals and Salmond clearly look as if they are serious foes! He’s been doing the job of suckering the Scots into the pathetic “Bannockburn” mentality for years and all for his and their benefit and the ultimate benefit of the EU. And Scots (and the entire UK as a whole) are seriously dumbed down enough to just not get it. Too proud perhaps to admit they’ve been screwed by people they trusted so they say nothing, do nothing and allow the screws to get tighter.

Imbeciles!

 

Alex-Salmond-and-the-Prince-of-Wales-are-old-chums.html

 

 

So then on to this group of people called UKIP and, particularly, their “Leaders” Farage and Pearson. Let’s look at political rhetoric and the “Pied Piper” effect it has on the blind followers who watch the antics of Farage on his Youtube EU Parliament rants as opposed to the actual facts of the matter and the LAW of the land which, if UKIP were serious in their intent to have the UK OUT of the EU, they would have attacked the core issue and the establishment powers with this a LONG time ago but refuse to do so.

You see, it’s not just Salmond who plays a Pied Piper for Scots but Farage and UKIP do a fairly decent job in a kind of reverse fashion on the English. Yet you are ALL being “had”.

 

 

The questions which would not only shake UKIP but shake the entire system. Question is: Do you wish to use and pursue them with power? Ask yourself “How much AM I really wanting to change this country and eradicate the lies and the corrupt?” Your call.

Questions:

1. Does Lord Pearson have ANY affiliation with the Rothschild family or close associates either professionally or personally?

2. Is UKIP aligned with Zionist policy?

3. If the answer to 2 above is yes then please justify the existence of a “Jewish state” when, across the world, the ideology of having a state dedicated to a particular, racial, cultural or religious philosophy is considered racist and bigoted? As you are well aware, when the BNP suggest such in any manner for the UK, they are demonised as hardened racists. YET, the British government have the audacity to support – and demand British people support – a state of Israel which is precisely the antithesis of that of the multiculturalism they demand at home.

4. Please state those documents which, together, compose the British Constitution.

5. Please confirm your understanding of the current English Bill of Rights in terms of its legality on statute and the meaning of the phrase:

“And I do declare that no foreign prince, person, prelate, state or potentate hath or ought to have any jurisdiction, power, superiority, pre-eminence or authority, ecclesiastical or spiritual, within this realm. So help me God.”
6. Do you agree with both, David Cameron and Tony Benn, that politicians do not, never have and never should have, the power to transfer such powers (i.e. the sovereignty of our laws) to any other entity?
7. For Mr Cameron to state such emphatically as he does, he must draw this conclusion from some form of written (constituted) document which is binding by law otherwise he is speaking purely for himself and has no valid basis for making such a statement. Therefore, from WHERE does he draw this conclusion?
8. Do you agree that, as a government for and BY the people, such individuals in office and entrusted with the proper lawful use of such power, have a fiduciary duty toward the people of the United Kingdom?
9. Do you agree that David Cameron, by his own words, has implicated himself for continuing the same policy which he states, absolutely clearly and unambiguously, has never been within a politician’s power to do so?
10. Do you agree that the statement by Roy Hattersley regarding the deception by our governments in the 1970s regarding our participation in the EEC not affecting our sovereignty is, therefore, tantamount to treason and sedition at law?
11. Do you agree that with the monarch taking an oath to the British people – WHICH SHE MUST DO OTHERWISE SHE WOULD NEVER BE CROWNED BECAUSE HER POWERS ARE DEPENDENT UPON HER MAKING THAT OATH – that those servants of the Crown, and in particular, Parliamentarians and the Privy Council, when swearing an oath to the Queen, are, insodoing, simply swearing, once more to the people, that their entire raison d’etre is to support and protect the monarch in HER duties to the people who she sore HER oath to?
12. Do you agree that it does not necessarily require an army or force to subvert the sovereignty of a nation but such can be accomplished “peacefully” through economic warfare and for those in governmental office to legislate supportively of such? This would, therefore, be where the crimes of sedition and treason by certain members of government such as, of all people, our very own Lord Chief Justice Ken Clarke, would enter the frame. This harks back to the question I raised to Lord Pearson regarding Bilderberg and which Malcolm Wood readily acknowledged as of concern. Yourself, Lord Pearson and others know precisely why this is of concern and your acknowledgement of it makes clear you appreciate the issue. Mr Clarke IS a serious issue! He is a steering committee member and is fully involved in the organisation as are many others.

13. Do you agree that it is pure fallacy to suggest that the United Kingdom does NOT have a Constitution codified or otherwise for, if to suggest such would suggest there is no fundamental laws which apply to the governance of this country and, therefore, it would be, in fact, an anarchy with “government” and the state simply being an apparatus by the ruling class to impose their own wishes upon the people without having any lawful basis for such? Therefore, the word “democracy” would not apply and neither would the rule of law. Do you agree it is an absolute fallacy purely from the perspective that, for a sovereign nation to exist (or have existed) would require a constitution as is the case for any nation, organisation, political party and Corporation?

14. Why are you not bringing this solidly to the attention of the British public? Considering it destroys the whole validity of the EU.

Santander (Madoff Ponzi Scheme) Banking criminals

Posted in Finance, The Corrupt SOB's by earthling on April 7, 2011


Spanish Jesuit Criminal 1: Emilio Botin

I have just found the following minutes of evidence wherein Horta- Osorio of Santander (now Lloyds) is questioned on the Bernie Madoff ponzi scheme. I think the reader will recognise the questioning is certainly that of a Treasury who smell one big rat – a Spanish Jesuit one!

I think, then, for anyone to consider the following previous blogposts a “stretch” in any way, would be closing one’s eyes to what is now set out before you.

Santander’s role in the Bernie Madoff ponzi scheme was immense and yet it is being suppressed.

Santander is a criminal enterprise!

Please cross reference with the following two blogposts:

santander-a-banking-giant-out-of-the-blue

and

bank-worker-stephanie-bon-and-the-4000hr-jesuit

Spanish Jesuit Criminal 2: Ana Patricia Botin

Spanish Jesuit Criminal 3: Horta-Osario

UK TREASURY MINUTES OF EVIDENCE 11th FEBRUARY 2009.

Q2053  Mr Breed: António, could we talk about what may be referred to as “the Madoff affair” and Santander’s investments? I think some of us are quite surprised, bearing in mind the history of your bank and the good acquisitions you have made and perhaps good investment decisions. What did you do in terms of due diligence on Madoff before you put quite substantial amounts of customers’ funds into it?

Mr Horta-Osório: We are as you know a bank which is very prudent in terms of risk management and controls. In order for you to be aggressive commercially, you should have certain areas such as risk management, auditing, control and compliance as very strong areas.

Q2054  Mr Breed: What happened with Madoff?

Mr Horta-Osório: It is in our opinion absolutely impossible to stop all frauds. This, as you know, is a fraud that was very wide, of very high dimensions, supervised by the SEC and the company and the person involved previously had a very high reputation.

Q2055  Mr Breed: As a very minimum, most people would have looked at the auditing arrangements. The auditing arrangements in terms of Madoff consisted of a 78 year old man living in Florida, one qualified accountant and a secretary. What sort of due diligence did you do on that?

Mr Horta-Osório: It is easier to say that with hindsight.

Q2056  Mr Breed: Absolutely, but why did you not do it?

Mr Horta-Osório: We have strong due diligence processes. We are absolutely convinced we followed them as we normally do and, as you know, we decided to compensate all of our private clients as a commercial decision.

Q2057  Chairman: I do not think we are going to get a sorry out of you today, are we? I looked at the congressional hearings and there was a man called Harry Marcopolis who reported this from 2000 to 2008 to the Securities Exchange Commission in the United States. If you look on YouTube, you will see his evidence. I looked at it. He said, “The Key Tip-Off. It took me five minutes to figure out he was a fraud. I basically read his strategy description and knew that that was not the source of his returns. Then I knew right away by looking at his performance chart.” He made an illustration to the Committee and he said, “His performance chart was a 45 degree angle without any variation. It only went in one direction: up. It never had any variation like the market does.” That was a key tip-off. If it took Harry Marcopolis five minutes, why did a credible bank like Banco Santander get duffed up on it? Why did you lose 2 billion euros on it? I put it to you that your due diligence was absolutely and utterly duff.

Mr Horta-Osório: Banco Santander did not lose two billion euros. Santander had a small amount invested in those funds.

Q2058  Chairman: How much did you lose?

Mr Horta-Osório: We lost 20 million euros.

Q2059  Chairman: That is still quite considerable for people.

Mr Horta-Osório: According to the total size of the bank and the total fraud which was $50 billion, that is a very small amount. Within our total asset management we had a significant amount of money and a small percentage of our customers who invested in these funds. We are absolutely convinced, as we have already said publicly, that we followed the due diligence procedure, as did many other banks around the world but despite that we have decided to compensate our private customers. On top of this, because we are in the UK, I would like to add that we have no UK clients at Abbey who invested in those funds.

Q2060  Chairman: It is not that I want to fall out with you but I do not believe you in terms of how the bank went about its structure because, again, Harry Marcopolis says, “What I saw and when I saw it. I was repeatedly ignored after an eight and a half year period between May 2000 and December 2008. Detailed, repeated warnings to the SEC.” That was when it could only have been a $3 billion fraud which ended up with a $50 billion fraud. When you get a one man accounting team who was a college friend of Madoff and he has two of his family in auditing, surely to goodness, with a big company, you should have exercised sufficient due diligence?

Mr Horta-Osório: I sympathise with your comments, but if it had taken five minutes for anyone probably it would have taken five minutes for the SEC as well, which supervised those funds.

Q2061  Chairman: The SEC did not take him on, because your man was the chief executive of NASDAQ and it was the old boys’ club. When you are investing other people’s money, you should have adequate due diligence. That is the point I am trying to make to you.

Mr Horta-Osório: Yes, and I agree with you. On top of that, we have offered to reimburse those customers.