CHINA HAS ORIGINAL METHODS IN DEALING WITH WHITE COLLAR CRIMINALS |

DOES CHINA EXECUTE ITS MONEY LAUNDERERS?

From the Journals of Monte Friesner - Intelligence Analyst & Consulaire

Contributed by Kenneth Rijock

This article is not intended as a bad joke. Money laundering of illicit profits, and bribes & kickbacks obtained by Chinese PEPs, and money moving overseas to evade taxes, is out of control. The recent scandal, where a senior Chinese official, slated to become a member of the council that rules China, was exposed for corrupt activities, after his attorney wife reportedly poisoned a british businessman to death, when he refused to move illicit cash, is but the tip of the iceberg. What is China doing in response ?

Some executions are still carried out using firearms

The widespread use, by money launderers working for Chinese PEPs, of British Virgin Islands companies to hide funds from China, facilitates successful laundering of illicit funds outside China. The utter failure of China to reign in its money launderers could result in the maximum punishment for those it does catch. Does it ?

I know, from personal experience, that if I knew that the maximum punishment for money laundering was the death penalty, I'd probably get out of the business. I am betting that the execution of a few individuals who are caught moving millions of dollars of illicit client wealth offshore might just intimidate the vast majority of money launderers working for Chinese PEPs.

China currently executes its officials for corruption; is not money laundering, which facilitates the placement of the proceeds of crime, just as important to them ? Are money launderers being charged with multiple offences and then executed ?

Chinese mobile lethal injection van

VENEZUELA MANUFACTURES WEAPONS FOR IRAN |

VENEZUELA SHIPPED US FIGHTER JET AND PARTS TO IRAN |

Contributed by Kenneth Rijock

F-16 Falcon

Arrests were made made this week in Miami of Venezuelan nationals, working for the local Venezuelan Military Acquisitions Office, who have been charged with purchasing fighter jet and helicopter parts, and shipping them to Venezuela, in violation of the existing US arms embargo regarding Venezuela.

Those arrested*, including a former Venezuelan Air Force fighter pilot, face sentences of up to ten years in Federal Prison, and a $1m fine, per count. F-16 parts were included in the illegal shipments, some of which were diverted from their purported end user, Spain.

If that bothers you, read this. The most disturbing news from Venezuela this week is the disclosure that, in 2006, its government disassembled F-16 fighters that it had received from the United States, and shipped the parts covertly to Iran, for reassembly and inspection. Given that both the US and Israel, Iran's adversaries in any future conflict, have the F-16 in their air forces, this could give Iran an advantage in adjusting its air defences. Venezuelan pilots reportedly assisted in demonstrating the aircraft's capabilities. Connect the dots regarding the parts, and you know where they went.

Iranian leader in Caracas last week

 Other sources say that Venezuela shipped F-16s to other countries whose governments oppose the United States. At least a dozen F-16s delivered by the United States are missing. The Government of Venezuela maintains a close relationship with Cuba, North Korea, Syria and China. Exactly where are those aircraftr. Sr. Chavez ?

If you are a banker whose clients are shipping dual-purpose goods to Venezuela, goods that could be transshipped to Iran, and support that country's illegal WMD and ballistic missile programmes,  then  I suggest that you obtain sufficient written assurances that Venezuela is the end user. Prepare an affidavit for the client to execute before a Notary Public; If the client will not sign, exit the client.

F-16 Cockpit

_________________________________________________________________________

*United States vs. Alberto Pichardo, Case No.: 12-cr-20478/20479-WPD (SD FL

PANAMA ECONOMY IS RAPIDLY COLLAPSING | INVESTORS FLEEING PANAMA RAPIDLY WITH THEIR MONEY |

HAS PRESIDENT MARTINELLI SCARED OFF FOREIGN INVESTMENT IN PANAMA?

Contributed by Kenneth Rijock - Intelligence Analyst & Compliance Consulaire

The latest statistics published in the Republic of Panama show that Foreign Investment declined 15.3% during the first three months of 2012. How much of this can be attributed to President Martinelli's obvious efforts to move Panama towards a Noriega- or Chavez-style dictatorship ? It is hard to say, but if foreign investors are looking elsewhere, Panamanians should sit up and taker notice..

Remember, Panama's virtual 100% employment is due, in large part, to the construction boom the country, especially Panama City, has enjoyed in recent years. Should foreign money decide that risk levels are increasing, a large part of it may not only invest elsewhere, but foreign wealth could exit Panamanian banks, en masse, if conditions do not improve. This would then contract the previously expanding economy, cause the loss of jobs, both white- and blue-collar, and thereby raise Country Risk, something nobody wants to see.

Will Martinelli resign, or be cashiered ? Many Panama watchers believe that he will simply lose direct power, which will be held by others in the government in a non-transparent way, but save face by keeping his presidency until the next election.  Which outcome do you prefer ?

KENNETH RIJOCK BOOK - "THE LAUNDRY MAN" IS HERE

DAILY MAIL PUBLISHES EXCERPTS FROM THE LAUNDRY MAN

The Daily Mail Sunday edition has published a portion of my new book, The Laundry Man, in its magazine section, Live. You can access the article here. The Laundry Man - Limos, Learjets and Bundles of Cash.The book is available at a number of online resources, in either electronic or print versions. It goes on sale at booksellers on 5 July throughout the United Kingdom .

Thank you for your interest in The Laundry Man.  If you need additional information, kindly email me at: miamicompliance@gmail.com

 

The Laundry Man is an exciting book full of facts and figures on the colorful life of Kenneth Rijock a former Money Launderer who is now a formost expert in combatting White Collar Crime and Money Laundering around the world.

 

Mr. Rijock is a regular contributor on http://www.wantedsa.com/ and http://www.wantedsa.blogspot.com/ and we are proud for his contributions.

 

legal@wantedsa.com

DEAN KENNEDY - ALIVE & KICKING SCAMS IN LAS VEGAS

Thursday, June 21, 2012

MASTER ADVANCE FEE SCHEMER "DEAN" KENNEDY IS AGAIN ON THE PROWL IN LAS VEGAS

Contributed by Kenneth Rijock

Readers who arrive at this blog from the Mortgage Grapevine please note that fraudster Steven "Dean" Kennedy, formerly of the late and unlamented Atlantic Rim Funding Corp., is back where he belongs, in freewheeling Las Vegas this week, pushing his usual 10% advance free scheme. Now, he calls it Capital Funding, a nonexistent company identity that he has hawked before.

Kennedy is also using bogus energy companies again, so watch yourself. There are new salesmen whose names (or aliases) you may not know, but it is merely old wine in new bottles.

Remember, he who advances money to these people, to get a loan, loses his money and many months of his life, in a futile effort to get their "escrow deposit" back from these thieves.

PANAMA AS A PARADISE IS EXPOSED AS A FAKE

CANADIAN AND EUROPEAN JOURNALISTS ARRESTED IN PANAMA |

Contributed by Kenneth Rijock

Demonstrators being gassed yesterday

The situation in Panama is worse than previously believed. Reports just now surfacing indicate that eight Canadian and European journalists, reporting on and filming the civil disturbance at the National Assembly yesterday, were detained, and their cameras and film confiscated.

President Martinelli has withdrawn two controversial bills from the Special Session of the Assembly, and has stated that he will send the matters to a special committee, composed of a broad spectrum of panelists from the business sector.

Rock and bottle throwing

 A government press release indicated that Martinelli will consult today with Archbishop José Domingo Ulloa, and Auxiliary Bishop Pablo Varela, in an effort to obtain their assistance in this tense situation.

Reports continue to come in;

(1) An unverified report of the death of an Assembly member yesterday, as the direct consequence of the government's use of the Militia against Assembly Deputies.

(2) Statements by eyewitnesses that the Militia used military-grade tear gas on Opposition members of the Assembly, who had refused to vacate the building after Martinelli suspended its session by decree.

 

(3) The commander of the National Police refused to open fire upon the demonstrators, and Martinelli was forced to deploy the Militia, a paramilitary, not law enforcement, organisation. This act may violate Panamanian law.

(4) Many of the partners of Panama's major law firms are not at their desks today; they are all in emergency meetings at their respective political parties.

(5) Streets are blocked by Militia units, making crosstown travel impossible. Most stores in Panama City are closed; markets already are showing empty shelves.

We shall update our readers shortly with new information, as it becomes available.

Demonstrators throwing rocks at the Militia

PANAMA DEMOCRACY HAS EVAPORATED

RAISE COUNTRY RISK ON PANAMA |

Contributed by Kenneth Rijock

Martinelli announcing the suspension of the National Assembly Session

Panamanian President Ricardo Martinelli has now returned to Panama City from Europe, but today's events reflect a politically unstable Panama that will cause bank compliance officers charged with the calculation on country risk to raise it for the Republic of Panama.

Here's what happened today:

(1) President Martinelli signed Executive Decree 391, suspending the ongoing Extraordinary Session of the National Assembly. This Session, which was to run until 29 June, was the scene today of explosive charges of corruption, leveled by some of the Deputies, alleged to be occurring at the ministerial level.

(2) The President's action precipitated a major protest in the Plaza Cinco de Mayo, resulting in the intervention of armed National Police. Reports from local media state that at least 41 individuals were arrested, with more than half being minors, believed to be university students.

(3) The President suspended classes at the National Institute.

(4) Gary Lundgren, a close business partner of the President, filed criminal charges against Deputy José Blandón, who stated in a media interview yesterday that Lundgren was under criminal investigation.

(5) Vice President Varela again called for Martinelli to resign.

Students protesting today in Panama City

President Martinelli, who is reportedly under investigation in Italy, in connection with allegations of corruption, is also believed to be a target of a money laundering investigation in the United States, due to his association with imprisoned Colombian Ponzi schemer David Eduardo Helmut Mucia Guzmán.

Compliance officers at international banks whose clients have existing contracts, or financial exposure in Panama, or at banks who themselves have extended credit, should review the facts, and make an educated decision about raising country risk for Panama.

Opposition members protesting today

Posted by Kenneth Rijock

TYRANTS OF PANAMA GO TO PRISON

WILL PANAMA'S PRESIDENT RESIGN?

Contributed by Kenneth Rijock

President Ricardo Martinelli has been in Europe for the past ten days, and in his absence, the calls for his resignation have grown, most notably from a newly-formed opposition coalition, known as United for Democracy. Rumours abound that Martinelli is attempting to prevent Italian prosecutors from indicting him in a major corruption case involving bribes from the government-owned helicopter company that sought to sell rotary wing aircraft to the Government of Panama. He is believed to have large bank accounts in the Italian-speaking region of Switzerland. Is he negotiating a mega-fine in lieu of prison time ?

There are additional issues of major concern:

(1) Martinelli has appointed additional justices to the Supreme Court of Panama, in essence "packing" the Court with individuals who support him. This act has been opposed by a large number of Panamanians, including the country's Vice President, who argue that such an act is improper, and utterly  illegal.

(2) Martinelli's extensive financial relationship with imprisoned Colombian Ponzi schemer, David Murcia Guzmán, continues to concern Panamanians. Whether he will be ultimately indicted for money laundering in the United States, in connection with his dealings with Murcia, who is reportedly cooperating with US law enforcement, remains an open question in the minds of many.

(3) Martinelli's multiple business partnerships with American businessman, Gary Lundgren, against whom criminal charges are pending in Panama, is another potential problem.  Lundgren, who is also linked to Murcia, is deeply involved in businesses with Martinelli, and his sons, in several Panamanian corporations allegedly involved in illicit activities, and reportedly owns an interest in Martinelli's Global Bank.

(4)  Freedom of the Press appears to be in danger in Panama. Martinelli has officially barred a number of international journalists from entering Panama, and he has sought to intimidate local periodistas  whose articles are critical of Martinelli.

The United States Government has reportedly posted additional agents to its Embassy, which shows that it is very concerned about the political situation in Panama.

Will there be a political changing of the guard in Panama City ? Stay tuned.

President Ricardo Martinelli of Panama Dumps Laundress Mistress | Monte Friesner Breaking News |

FROM THE - JOURNALS of Monte Friesner – Intelligence Analyst & Consulaire for WANTED SA ~

Contributed by Kenneth Rijock

 Monday June 18, 2012 ~

WAS MARTINELLI'S MISTRESS INVOLVED WITH THE CASH ?

The latest news from the Republic of Panama is that President Ricardo Martinelli has apparently sent his mistress into exile, allegedly in Spain. It is not known whether our article* detailing her regular supporting role in his extensive international travel caused this action to occur, but there is a more important issue to consider.

Since his mistress was regularly traveling on board the second business jet, the one that that accompanied Martinelli in his globetrotting adventures, and since large amounts of cash were known to be routinely carried on that aircraft, what was her role regarding that money ? Was she merely a companion, or did she perform a financial function when El Duce (as he prefers to be called) was busy attending to affairs of state ? I am especially interested in the recent trip to Lugano, Switzerland, where a visit was reported to a local private bank there that had a long relationship with the presidential family.

The Presidential jet

We are currently conducting an investigation into this matter, and will release our findings in a subsequent article; stay tuned.

________________________________________________________________________
*Are Panamanian PEPs Moving their Swiss Cash ?

WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.

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WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces  who have contributed to the many articles and their sincere opinions and statements.

IRAN & VENEZUELA IN JOINT VENTURE BUILIDNG MILITARY EQUIPMENT IN VENEZUELA | MONTE FRIESNER BREAKING NEWS |

VENEZUELA ADMITS IT IS BUILDING IRANIAN DRONES

After it was revealed that American prosecutors are investigating the presence of Iranian drones in Venezuela, the government publicly admitted that it is manufacturing Unarmed Aerial Vehicles in Maracay, Venezuela, with the technical assistance of Iran, China and other unnamed countries.

Photographs that have appeared indicate that the drones, which the Government of Venezuela claims are strictly for internal surveillance, are the Mohajer-2 class Iranian design, now renamed Sant Arpia.

The stated capability of this type of UAV:

(1) 100 km. range.
(2) 200 km/hr. maximum speed.
(3) Capable of attaining 10,000 feet in altitude.

Whilst the only equipment Venezuela states the drone carries is a camera, capable of day or night operation, the question remains: will Venezuela field armed versions of this, or more advanced designs, and for what purpose ? There are no adversaries on Venezuela's frontiers. Perhaps there's something else to consider, and it is disturbing

The designated Colombian terrorist organisations, the FARC and the ELN, both maintain most of their senior leadership inside Venezuelan sanctuaries, to avoid the Collombian Army. If these UAVs could be deployed on the Venezuela-Colombia border, to conduct surveillance of Colombian military operations, that intelligence would be of great use to FARC and ELN planners.

Additionally, the drones, if armed, could alter the air superiority presently enjoyed by Colombian combat aircraft over the battle zones. This could delay, for years, an ultimate Colombian military victory over the two terrorist armies.

Aerial photographs of the drone and weapons factories in Maracay

If Colombia learnt that Venezuelan-manufactured drones were altering the character of the guerrilla war, it might choose to engage in cross-border operations, to destroy the drone launch sites and wipe out the FARC sanctuaries, and possibly even invade Venezuela.

Therefore, the use of drones in Venezuela raises the point: exactly why are they there ?

ANTIGUA SHOULD SHOULD BE ON ALERT WARNING

Saturday, June 16, 2012

RAISE COUNTRY RISK ON ANTIGUA?  Contributed by Kenneth Rijock

In the wake of the sentencing of Ponzi schemer Allen Stanford for 110 years, the issue remains: how many years are going to go by before the Government of Antigua & Barbuda follows its own laws, and extradites former Financial Services Regulatory Commission head, Leroy King ? Is it because King has first-hand information and evidence relating to corruption at the highest levels of Antigua's National Government ?

The United States indicted King on multiple counts of'

(1) Money Laundering Conspiracy
(2) Wire Fraud
(3) Mail Fraud
(4) Securities Fraud

Leroy King

The US later agreed to try him on only eleven counts, after his extradition. For three years, King has been allowed to file four dilatory court challenges to his extradition, including one totally bogus claim, that he was subject to discrimination, and the Antiguan Government, an obvious party to this charade, has allowed it.

King has no current medical condition that would bar his extradition, and should he become ill whilst in US custody, there are more than adequate facilities to treat him in the US Bureau of Prisons.

Testimony at the Stanford trial showed that King was paid substantial bribes from a Swiss slush fund account controlled by Stanford. In return, King misled American investigators, Lied to his own government, and, in my humble opinion, allowed Stanford to perpetrate his massive Ponzi scheme for several years after it should have been discovered, and shut down.

If Antigua cannot follow the rule of law on this one issue, then its court system is fatally flawed. How much governmental interference has been responsible for the delay ? It is high time to raise country risk on Antigua, and I know that I am not planning on speaking at any future seminars and conferences there, until King is extradited.

Antigua and Barbuda

STANFORD FORMING SOCCER TEAM IN PRISON

JUSTICE IS SERVED; STANFORD GETS 110 YEARS FOR MASSIVE PONZI SCHEME |

Contributed by Kenneth Rijock

A Federal Judge in Texas has sentenced the notorious offshore banker and Ponzi schemer, Robert Allen Stanford, to one hundred and ten years in prison, after he was convicted on 13 felony charges. Stanford, who denied both conducting a Ponzi scheme and massive fraud that left more than 21,000 victims, blamed his chief executive officer and the US Government for the billion dollar failure of Antigua's Stanford International Bank.

Under the Federal Sentencing Guidelines, Stanford must serve 85% of his sentence, or 93 1/2 years, before he will be eligible for release, making this effectively a life sentence. Though he received less than the 150 years meted out to the king of Ponzi schemers, Bernard Madoff, it is extremely unlikely that Stanford, even if he was to cooperate with the US Government in the recovery of offshore assets, will be able to obtain a sufficiently large sentence reduction, due to both his sentence and public sentiment, to ever be released from custody.

Has justice been served ? Eminently so, in my humble opinion. I trust that he will be sent to serve his time at a maximum security facility, due to the length of his sentence, so live out his days in solitary confinement, to ponder his arrogance in private.

ING Bank (USA) Guilty of Breaking IRAN Sanctions | Monte Friesner Financial News |

SHOULD ING BANK LOSE ITS US LICENSE?

Contributed by Kenneth Rijock

I  am totally disgusted with the latest OFAC settlement; $619m fine levied against ING bank, clearly their biggest yet,  for the most egregious sanctions violations seen in a long time. Look at what the bank admitted to doing:

(1) Omitting references to Cuba in payment messages sent to US financial institutions.

(2) Creating and providing fraudulent bank endorsement stamps, for use by Cuban financial institutions.

(3) Use of corporate entities to obscure the identities of sanctioned clients.

Frankly, the fine is insufficient; why haven't any of those bloody bank officers who committed these violations been arrested ?

Finally, the only punishment that bankers will understand is the revocation of a US bank license; anything else is not a sufficient deterrent. Helping Iran to evade sanctions, and probably facilitate its WMD and ballistic missile programmes, through purchasing of equipment and supplies; helping all the sanctioned jurisdictions make purchases ?   Let the punishment fit the crime; take away something meaningful, Mr. Regulator, please. Not another financial slap on the wrist. That is the cost of doing business.

your public servants at OFAC 

Shut down their New York offices for five years.

 

WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, Westlaw, Arutz Sheva,  and all the Parties, Press, Journalists, Law Enforcement and Securities forces  who have contributed to the many articles and their sincere opinions and statements.

WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.

For Confidential Contact:

WASHINGTON, D.C.        1.202.787.3861 -

TOLL FREE FROM USA & CANADA:   1.888.255.1533 -

LONDON CENTRAL, UNITED KINGDOM (44) 207.993.6256 -

Or e-mail us:

tips@wantedsa.com

legal@wantedsa.com

comments@wantedsa.com 

PANAMA BATTLES FARC FORCES FROM COLOMBIA

THE FARC EXITS COLOMBIA FOR PANAMA

Monday June 11, 2012 - Contributed by Kenneth Rijock

General Mantilla

Colombian General Sergio Mantilla Sanmiguel has stated, in an interview in Colombia, that the successes of the Colombian military have forced the revolutionary Armed Forces of Colombia, the FARC, to move out of Colombian territory. Sanmiguel said that the remaining FARC fighters have moved across the border, into Panama. They are already evading the Colombian military by living in bases in Ecuador and Venezuela.

The Darien Gap region of Panama, a traditional FARC safe haven, has seen an increased number of FARC soldiers infiltrate the Colombia-Panama frontier. Guerrillas from the 57th Front, which is engaged in drug trafficking and arms deliveries to FARC units in the field, have been captured by Panamanian authorities;  in another operation, two FARC encampments were seized inside Panamanian territory.

The FARC has been hiding out in safe havens in Ecuador and Venezuela for several years, due in part to the relationship that the designated global terrorist organisation has with the leftist leadership of those countries, but Panama does not support the FARC. Panama has been cooperating with the Government of Colombia in the location and identification of FARC operatives located in Panama.