News Flash: Bank Robbery

The bank robbery was perpetrated by Wachovia Bank years ago. They dealt out and are now off the hook for this one.

Read all about it way after the fact: “How a Big US bank Laundered Billions from Mexico’s Murderous Drug Gangs”

Here’s a key paragraph:

Criminal proceedings were brought against Wachovia, though not against any individual, but the case never came to court. In March 2010, Wachovia settled the biggest action brought under the US bank secrecy act, through the US district court in Miami. Now that the year’s “deferred prosecution” has expired, the bank is in effect in the clear. It paid federal authorities $110m in forfeiture, for allowing transactions later proved to be connected to drug smuggling, and incurred a $50m fine for failing to monitor cash used to ship 22 tons of cocaine.

Wouldn’t one think US newspapers would hang the now deceased Wachovia out to dry on this one? You know, headlines, investigative interviews, that sort of thing?

I read voraciously, yet I found out about this from a UK. Unfortunately, this no longer surprises me.



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