2008-07-17 10:09:57 -

The latest public release of EUROPOL, Interpol, and other Intelligence services shows that Money Laundering, Corruption is far from elimination and our daily news shows that more and more High level European and Western Head of States are involved in Corruption and Money Laundering using the Political Party System and their House Banks.

stores.lulu.com/duthel

The next report

will show, why the World not only are in need of an International War Crime Tribunal but first of all of a new Law which place certain Citizen above the Law.

Also the Justice needs to be cleaned up and any political justice must be removed. We have seen that the ex German Chancellor has been during 16 years above the law and he showed again that old connections remains valid even for a now private citizen. He recently has been found no guilty and all charges have been dismissed.

Money Laundering Directory
www.duthel.de

The following is a list of government agencies that have responsibilities in
the money laundering field in their home countries.


Argentina

Central Bank of Argentina
Edificio Reconquista
Office 31
Reconquista 266
(1003) Buenos Aires
Argentina

Phone: 54-1-334-0780
Fax: 54-1-325-5917

Aruba

Chief Commissioner of Police
Eilhelminastraat 40
Oranjestad
Aruba

Fax: 297-821-914

Australia

Australian Federal Police
Fraud and General Crime Division
68 Northbourne Avenue
Canberra
Australia
ACT 2601

Australian Transaction Reports and Analysis Center (AUSTRAC)
Sydney
Level 10, Tower A, Zenith Centre
821 Pacific Highway
Chatswood NSW 2067
PO Box 5516
West Chatswood NSW 1515
Ph: 02 9950 0055
Fax: 02 9950 0054


National Crime Authority
National Office
340 Albert Street
East Melbourne
Australia
VIC 3002

Phone: 61-3-412-1111
Fax: 61-3-412-1399

Austria

Austrian National Bank
Poststelle Aktenzentrale Und D
Postfach 61 Vienna A-1101
Oesterreich A-1011
Austria

Phone: 43-140-420-7303
Fax: 43-140-420-7399

Bahrain

Bahrain Monetary Agency

Bangladesh

Bangladesh Bank
Deputy Director
Banking Control Department
Post Box No. 325
Dhaka-2
Bangladesh

Phone: 880-252-931

Belgium

Banking and Finance Commission
Avenue Louise 99
1050 Brussels
Belgium

Phone: 32-2-535-2211
Fax: 32-2-535-2425

Belgian Banking Association
Rue Ravenstein 36
Box 5
1000 Brussels
Belgium

Phone: 32-2-507-6811

Central Office for Combating Organized Economic and Financial Crime
13 Rue des Quatre-Bras
1000 Brussels
Belgium

Phone: 32-2-508-7362
Fax: 32-2-508-6959

Belize

Central Bank of Belize
Financial Sector Supervision Department
P.O. Box 852
Belize City
Belize

Phone: 501-2-77216
Fax: 501-2-70113

Bermuda

Bank of Bermuda
6 Front Street
P.O. Box HM 1020
Hamilton HM DX
Bermuda

Phone: 809-299-5077
Fax: 809-295-1386

Bermuda Monetary Authority

Canada

Canadian Bankers Association

Central Bank of Canada

Royal Canadian Mounted Police

Economic Crime Directorate
Criminal Operations Branch
Enterprise Crime Section
Canada

Phone: 613-998-6055
Fax: 613-998-6055

Office of the Supervisor of Financial Institutions
Kent Square
255 Albert Street
Ottawa K1A 0H2
Canada

Phone: 613-990-7788
Fax: 613-952-8219

Czech Republic

Czech National Bank
Public Relations Department
Na prikope 28
110 03 Praha 1
Czech Republic

Phone: 42-2-441-2061
Fax: 42-2-441-2179

Denmark

Attorney for Economic Crime
Anker Heegaardsgade 5. 5
DK-1850 KBH. V.
Denmark

Phone: 453-314-1448
Fax: 453-314-3940

Danish Bankers Association
Amaliegade 7
DK 1256 KBH. K.
Denmark

Phone: 453-312-0200
Fax: 453-313-6468

Danish Financial Supervisory Authority
Gl kongevej 74 a
DK-1850 Frederiksberg C.
Denmark

Phone: 453-123-1188
Fax: 453-123-0441

Dominican Republic

Central Bank of the Dominican Republic
Ave. Pedro Henriquez Urena
Santo Domingo
Dominican Republic

Phone: 809-221-9111

Ecuador

Financial Information Analysis Unit
Avenida 12 de Octubre
Number 1281
Entre Wilson y Ventimilla
Quito
Ecuador

Superintendency of Banks
1561 Avenida 12 de Octubre
Quito
Ecuador

Phone: 593-2-554-422
Fax: 593-2-563-652

Estonia

Bank of Estonia

Economic Police
Pagari 1
Talllinn EE0102
Estonia

France

Bank of France

TRACFIN
23 bis rue l'Universite
75007 Paris
France

Phone: 33-1-428-60067
Fax: 33-1-426-11080

OCRGDF
Ministere de l'Interieur
France

Phone: 33-1-492-74927
Fax: 33-1-435-98950

French Banking Commission
73 rue de Richelieu
75002 Paris
France

Phone: 33-1-129-24292
Fax: 33-1-429-24292

French Banking Association
18 rue La Fayette
75009 Paris
France

Phone: 33-1-480-05252
Fax: 33-1-452-30473

Germany

Deutsche Bundesbank (Germany Central Bank)

Customs Criminological Office
Tel-Aviv-Strasse 1
5000 Koln 1
Germany

Phone: 49-2-216-0283

Great Britain

Bank of England

British Bankers Association

National Criminal Intelligence Service
Financial Intelligence Unit
P.O. Box 8000 Spring Gardens
Tinworth Street
London SE11 5EN
England

Phone: 44-71-238-8607
Fax: 44-71-238-8286

Greece

National Bank of Greece S.A.

Guatemala

Bank of Guatemala
7 Avenida 22-01
zona 1
Guatemala City
Guatemala

Phone: 502-2-534-053
Fax: 502-2-534-035

Hong Kong

Financial Services Branch/Hong Kong Government
Rooms 1802-3 Admiralty Center
Tower 1
18 Harcourt Road
Hong Kong
Phone: 852-252-73974
Fax: 852-252-83345

Hong Kong Monetary Authority

Joint Financial Intelligence Unit
GPO Box 6555
Hong Kong

Phone: 852-2529-4013

Hungary

State Banking Supervisory Office
Allami Bankfelugyelet
Csalogany u. 9-11
H-1027 Budapest
Hungary

Iceland

Central Bank of Iceland
Kalkofnsvegi 1
IS-150 Reykjavik
Iceland

Phone: 354-1-569-9600
Fax: 354-1-569-9605

Ireland

Irish Bankers Federation

Phone: 353-1-671-5311
Fax: 353-1-679-6680

Japan

Bank of Japan

Latvia

Bank of Latvia

Lesotho

Central Bank of Lesotho
Box 1184
Maseru, Lesotho
South Africa

Phone: 266-314-281
Fax: 266-310-051

Luxembourg

Luxembourg Monetary Institute
Grand Duchy of Luxembourg
63 Avenue de la Liberte
L-2983
Luxembourg

Phone: 352-402-9291

Mexico

General Administration of Federal Fiscal Audit
Avenida Hidalgo 77, Module 2, 1 Piso
Col. Guerrero
Delegacion Cuauhtemoc
06300 Mexico DF
Mexico

Phone: 52-5-228-2909
Fax: 52-5-518-1288

Monaco

Director of Budget and Treasury
Place de la Mairie
MC 98000
Monaco

Phone: 33-8315-8000
Fax: 33-8315-8050

SICCFIN
Ministere d'Etat
MC 98015 Monaco Cedex
Monaco

Phone: 33-9315-4222
Fax: 33-9315-4224

Netherlands Antilles

Bank of the Netherlands Antilles
Breedestraat 1 (P)
Willemstad Curacao
Netherlands Antilles

Phone: 599-961-5004

Norway

OKOKRIM
P.O. Box 8193 Dep 99
N-0034 Oslo
Norway

Phone: 47-2-286-5400
Fax: 47-2-286-5499


Philippines

Bankers Association of the Philippines
Office of the Director
Sagittarius Condominium
Dela Costa Street, Makati
Metro Manila
Philippines

Phone: 63-2-810-3860

Central Bank of the Philippines
A. Mabinia Street
Ermita
Manila
Philippines

Phone: 63-2-522-3987

Department of Finance
Agripina Circle
Manila
Philippines

Phone: 63-2-522-4361

Seychelles

Central Bank of Seychelles
P.O. Box 701
Victoria
Seychelles

Phone: 248-225-200
Fax: 248-224-958

Singapore

Association of Banks in Singapore
10 Shenton Way #12-08
MAS Building
Singapore 0207

Phone: 65-224-4300
Fax: 65-224-1785

Monetary Authority of Singapore

Sweden

Swedish Central Bank

Swedish Financial Police
Box 12256
S-102 26 Stockholm
Sweden

Phone: 46-8-650-1354

Switzerland

Swiss Federal Banking Commission
Marktgasse 37
Postfach
CH - 3001 Bern
Switzerland

Phone: 41-31-322-6911
Fax: 41-31-322-6926

Swiss Bankers Association
P.O. Box 4182
CH - 4002 Basel
Switzerland

Phone: 41-61-295-9393
Fax: 41-61-272-5382

Thailand

Office of the Narcotics Control Board
Din Daeng Road
Phayathai District
Bangkok 10400
Thailand

Phone: 66-2-247-0901
Fax: 66-2-246-8526



DEA agents use e-mail messages to plumb money laundering 'money pit'

The shadowy corners of cyberspace, which many believe provide cover for cyberlaunderers, have begun to be illuminated in criminal cases under the U.S. money laundering law. An affidavit, which was the underpinning of a request for a search warrant, by a Drug Enforcement Administration agent says the U.S. seized messages from the e-mail account of a money transmitter after learning that the account was used to receive instructions from suspected money launderers.

A resulting indictment, in Miami, alleges that drug proceeds were
laundered with the speed and anonymity that cyberlaunderers and other
net-savvy criminals have begun to appreciate. In this case, U.S.
investigators may have been up to the task of detecting it.

The case is the result of Operation Money Pit, a 17-month DEA
undercover "sting" investigation that targeted three South Florida money
transmitters. The indictment, unsealed on November 9, charges Gloria
Exchange Corp., United Express, Inc., and 15 affiliated persons with
laundering $2.2 million in purported drug proceeds provided by
undercover DEA agents (Title 18, USC Sec. 1956(h)). The defendants
include Orlando, Enrique and Mauricio Puche, the owners of Gloria
Exchange, and Ana Arbelaez, president of United Express.

Operation Money Pit

The affidavit by DEA agent William Hodge says the DEA launched an
investigation of the two companies and Americana de Servicios after an
alleged drug trafficker said he used the transmitters to launder drug
proceeds. The U.S. says undercover agents brought "boxes upon boxes"
of small denomination bills to Gloria Exchange and United Express and
exchanged them for $100 bills or wire transferred the funds to undercover
bank accounts in foreign countries. It alleges the transmitters assisted the
laundering scheme by failing to file or by filing fraudulent Currency
Transaction Reports, IRS Forms 4789.

Hodge says between July 1999 and October 2000 undercover agents
exchanged about $1.5 million in purported drug proceeds at United
Express and that agents were directed by Arbelaez to an employee of
Americana de Servicios who provided deposit slips to deposit funds in
Americana's accounts. Americana de Servicios was not charged in the
indictment. Undercover agents say they laundered $700,000 in purported
drug proceeds through Gloria Exchange in the six months ending October
2000.

Internet communications

After confidential source told the DEA that money launderers were
communicating with Gloria Exchange by e-mail messages, DEA agents
obtained court approval to conduct a search of Bellsouth.net in Atlanta.
The search resulted in the seizure of an undisclosed number of messages
to the Gloria Exchange e-mail account. The DEA says it is continuing to
analyze the messages, which contain numerous spreadsheets and
financial instructions confirming wire transfers from Gloria to Jet Peru,
Casa Dimex, of Mexico, and other money exchange houses in Latin
America.

The affidavit says launderers "are utilizing the Internet to communicate
with one another because it has become common knowledge that law
enforcement agencies are capable of intercepting facsimile and telephone
communications."

Sub-agents

Operation Money Pit also targeted the money transmitters' sub-agents,
which included travel agencies, grocery stores and other businesses that
accept cash on behalf of the transmitter in exchange for half the fee that
the transmitters' customer pays. The U.S. says money transmitters
sometimes avoid the filing of CTRs by splitting single cash deposits
among various sub-agents or use names of customers provided by
sub-agents to complete fraudulent CTRs.

The U.S. executed 83 search warrants at Gloria Exchange sub-agents the
day the indictment was announced. The warrants sought a wide-range of
documents, including daily activity reports, wire transfer payment logs,
Currency Transaction Reports and Suspicious Activity Reports, and
copies of forms of identification that the transmitters gathered. Money
transmitters are not required to file suspicious activity reports under
existing Bank Secrecy Act regulations (31 CFR Part 103). They have not
had a form to report such transactions since October 1995 when the
Financial Crimes Enforcement Network revised the CTR and eliminated a
box to tick if the transaction was suspicious. Only banks and other
"depository institutions" are required to file SARs.

Anti-laundering training

A "Voluntary Survey of Licensed Money Transmitters" in October 2000
by Orlando Puche could prove damaging to the Gloria employees and
sub-agents netted by the sting. It says all Gloria employees are given
"money laundering training which includes currency transaction
reporting- requirements" and that Gloria provides its sub-agents with
training manuals on CTR requirements.

The indictment seeks the forfeiture of $2.4 million, which represents the
amounts laundered and the commissions and fees paid by the undercover
agents (Case No. 00-0933 CR-Highsmith, S. Dis. Fla.).


Classic Financial Scandals

BCCI, Barings, Daiwa, Sumitomo, Credit Lyonnais, Bre-X ... etc.

Bank of Credit and Commerce International (BCCI)
The Sandstorm Report This is the report of an official investigation into the BCCI affair that the British government refused to publish. Along with other material on BCCI, the Sandstone Report is made available on the web site of AABA, the Association for Accountancy & Business Affairs.

BCCI Liquidators Sue Sheikh for £289m Liquidators are suing the Sheikh of Sharjah for a debt they claim he owes the failed bank. The Guardian Wednesday August 11, 1999.

Key Player in BCCI Fraud Loses Appeal History's biggest convicted commercial fraudster, Abbas Gokal, lost his appeal against his April 1997 conviction on charges involving £750 million. Friday March 12, 1999.

Accountants in BCCI Net The role of accountants Price Waterhouse in auditing for four years the books of scandal-hit Bank of Credit and Commerce International is under investigation.

B.C.C.I.: Bank of Crooks and Criminals International An outline of the main allegations that led to the bank being closed down.

The Media and the Savings and Loan and BCCI Crises Why the news media took so long to focus on the Savings and Loan and BCCI crises by David McKean.

Congressional Report on the BCCI Affair A Report to the Committee on Foreign Relations, United States Senate by Senator John Kerry and Senator Hank Brown, December 1992. The report is also available on Orlin Grabbe's web site.

BCCI, the Intelligence Services and Money Laundering An article by J. Orlin Grabbe.

Crooked Banks Allegations of CIA involvement with BCCI and other banks.

Banco Ambrosiano and the Vatican Bank

Although this series of scandals first came to light in the early 1980s the controversy is not over yet.

Through the Looking Glass : Vatican Politics, the Calvi Murder and Beyond... A long article by Conrad Goeringer or Roberto Calvi and the Banco Ambrosiano scandal.

Operation Gladio by David Guyatt. Claims that there were links between the Calvi affair and Operation Gladio, a joint project of the US and British secret services to set up a Europe-wide network of anti-communist guerrillas who would fight behind the lines in the event of a Soviet invasion.

Three bankers brought scandal to the Vatican An article, from the Irish Times Saturday, August 29, 1998, about how the Vatican Bank was affected by various scandals in the early 1980s, including the collapse of the Banco Ambrosiano.

Scientists claim Roberto Calvi was murdered A new investigation into the death of Roberto Calvi, the Italian banke r found suspended from a rope under Blackfriars Bridge in London more than 18 years ago, is expected to conclude that he was murdered. Sunday Times, 10 December 2000. (You will have to search the contents of that issue for "Roberto Calvi").

'God's Banker' Exhumed The remains of the prominent Italian banker, Roberto Calvi, were exhumed in December 1998, 16 years after his death, to try and determine whether or not he had been murdered.

DNA May Solve Banker's Murder The latest investigation into the death of Roberto Calvi has produced evidence that could prove the Italian banker was murdered, and possibly even identify his assassin. The Guardian, December 30, 1998.

Gelli Arrest is Another Chapter in Sordid Vatican Bank Scandal Licio Gelli, the fugitive financier dubbed the Puppet Master who played a key role in one of Italy's biggest postwar scandals was arrested in Cannes in September 1998.

Allegations concerning the Role of the Vatican Bank in WWII Among the allegations is the claim that the Vatican, through its banking system, laundered loot valued at hundreds of millions of dollars taken from Serb, Jewish, Ukrainian, and other victims of the Nazis and their Croatian supporters.

Nazi-Era Victims Demand Army, CIA Release Documents on Vatican This is in connection with the class action lawsuit against the Vatican Bank and the monastic Franciscan Order. CNS, September 04, 2000.

Barings Bank

The collapse of Barings Bank was probably the most discussed financial scandal of recent years. The bank was subsequently taken over by the Dutch-based ING Bank and is now known as ING Barings.

British Government

Statement by the Chancellor of The Exchequer on the Insolvency of Barings Bank of England

Conclusion of the Bank of England Report on the Collapse of Barings

Singaporean Authorities

Executive Summary of the Report of the Inspectors of Barings Futures

The full report is only available in print. The reference is - Lim, Michael Choo San Barings Futures (Singapore) Pte Ltd : investigation pursuant to section 231 of the Companies Act (Chapter 50) : the report of the Inspectors appointed by the Minister for Finance / Michael Lim Choo San, Nicky Tan Ng Kuang. Singapore : Singapore Ministry of Finance, 1995. - xi, 183p. -

The review by Maximilian Hall may also be of interest.

Hall, Maximilian Review of the Singapore Inspectors' Report on Baring Futures (Singapore) Pte Ltd.
Loughborough University Banking Centre, Jan 96. - 30cm.i,17... - (Loughborough University Banking Centre Research Paper S.,No.92/96). ISBN - 1-899275-15-0

IFCI Risk Institute

Not Just One Man - Barings A detailed case study by the IFCI Risk Institute. It includes data on the positions taken by Nick Leeson, and a discussion of the lessons that can be drawn from the case.

Numa Financial Systems

The Collapse of Barings Bank a collection of links to articles on the scandal maintained by Numa Financial Systems.

US Commodity Futures Trading Commission Response

Status Report on Regulatory and Self-Regulatory Responses to the Barings Bankruptcy Article by Joseph B. Dial, Commissioner, Commodity Futures Trading Commission.

Other Articles on Barings

Auditor row over Leeson Pricewaterhouse-Coopers, the accountancy group that acted as auditor to Barings, has been found guilty of professional failings. 16 July 2000.

Barings: A Random Walk to Self-Destruction This article argues that regulators and human nature do not always coincide in their objectives. In the old days, speculators were protected by the twin devils of fear and greed - the gambler's emotions. Computers do not know fear or greed, they do not have any common sense, either. Anyone trading off a screen soon loses touch with reality and common sense. The article appeared in Scandals in Justice which regularly publishes online articles attacking the British legal system.

Going for Broke How the ego of a 28-year-old trader and the greed of his 232-year-old bank combine to destroy an investment empire. Time magazine March 13, 1995.

'It's him' Phil Murphy, writing in Living Marxism issue 78, April 1995, says that it is unfair to pin all the blame on Nick Leeson, given that every major bank and corporation is gambling millions in the derivatives market.

Nick Leeson Everything about Nick Leeson. A Dutch site that was still under construction on 8th January 2001.

Billion-Dollar Man Rogue trader Nick Leeson astonished the world when his derivatives deals brought down Barings - and forced reforms on financial markets.

Leeson Scandal 'could happen again' A report from the BBC, just after the premier of the film Rogue Trader.

Repercussions of the Barings disaster A file maintained by Chong Kee.

Leeson paid £61,000 for speech The former Barings trader was paid $100,000 (£61,000) to speak at a business conference in the Netherlands, BBC Friday 29 October 1999.

The central figure in the debacle has written a book about the Barings affair.
Rogue trader by Nick Leeson. London : Warner, 1997. ISBN 0-7515-1708-9. US edition published by Little Brown &
Company, 1996 ISBN 0-316-51856-5.

Locking the Stable Door After the Horse has Bolted

Whenever a scandal like the Barings debacle is uncovered there is a demand that legislators and regulators should ensure that nothing similar occurs again. All too often such action is merely a case of locking the stable door after the horse has bolted.

Could frauds on a massive scale be foreseen? Regulators are hardly likely to answer yes because that would undermine their excuses for their failures.

However, immediately after the news of the Barings affair broke, Allan Fotheringham writing in the leading Canadian news and current affairs magazine Maclean's made the following points.

Author Linda Davies has proven a point made years ago by Marshall McLuhan, who said that artists can warn us of future disasters. Three years ago, Davies wrote the novel, Nest of Vipers, about a computer whiz-kid who decides to exploit the system and make tons of money while being employed as a mole by the Bank of England. She wrote what 28-year-old Nick Leeson accomplished in Singapore last week. Leeson has been able to upset world economies more than J. P. Morgan, the Vanderbilts, or the Rothschilds ever could.

See also the Psychology of Risk, Speculation and Fraud the text of a speech by Linda Davies at the European Research Center's annual Financial Panel, Amsterdam, 11 June 1997.


Daiwa Bank

Bank Bosses Pay $775m Fraud Charge A group of senior executives at Daiwa have been ordered to pay more than $750m (£535m) in compensation for losses incurred during fraudulent trading. BBC, 20 September, 2000.

The Social Market A short article on lessons for Japanese banks article from issue 2 of Applied Futures & Trading.

Daiwa Bank, Sumitomo Bank Agree on U.S. Asset Transfer A short article from News-Times, January 29 1996.

I Didn't Set Out to Rob a Bank Toshihide Iguchi's interview with Time Magazine.

Daiwa Bank's Rogue Employee Allegedly Made 30,000 Illicit Trades. Why didn't anybody notice? Time Magazine, October 9, 1995.

Daiwa Bond Trading Scandal Figure Book From Jail Details of claims made by Toshihide Iguchi in a book he wrote - from Viking Phoenix Web's Japan, Incorporated site.

Convicted Japanese Trader Releases Memoir Accusing Daiwa of Cover-up More details of Toshihide Iguchi's book, The Confession.

Sumitomo Corp.

Copper and the Sumitomo Affair A chronology of events.

Sumitomo sues Chase and UBS The Sumitomo Corp. filed a lawsuit in Manhattan federal court against Japanese bank seeks $760M for alleged copper-trade abuses; UBS rejects claim. 3 June 1999.

Merrill Settles Copper Suit The Sumitomo Corp. filed a lawsuit in Manhattan federal court against Merrill Lynch & Co. agreed on Wednesday 30 June 1999 to pay $25 million to the U.S. Commodity Futures Trading Commission and the London Metal Exchange to settle allegations of involvement in Sumitomo Corp.'s efforts to fix copper prices more than three years ago.

The copper trader who fell from grace An account of Sumitomo's losses of $1.8 billion caused by the activities of their trader Yasuo Hamanaka on the copper market.

How Copper Came a Cropper Sumitomo's robber-baron tactics make the case for regulation. By Paul Krugman.

The Copper Debacle A brief account of the scandal affecting one of Japan's oldest companies.

How to Launder Money in the Copper Market by J. Orlin Grabbe.

Laundering Numbers J. Orlin Grabbe argues that the copper scandal cost Sumitomo even more than was originally claimed.

The '96 Copper Crisis A response by Christopher J.B. Green, Chairman of Barclays Metals Group, London, and former Chairman of the Board of the London Metal Exchange, to criticisms of the LME in the aftermath of the Sumitomo Corp. (Sumisho) "unauthorized copper trading" scandal.



Credit Lyonnais

A California Law Suit Makes Paris Tremble An article from Salon magazine about the legal problems of Credit Lyonnais.

The Credit Lyonnais Debacle By Joseph Fitchett International Herald Tribune. Long France's flagship bank, Credit Lyonnais has now gained another reputation as the bank whose name is associated with the country's worst financial scandal this century.

How an Italian Thug Looted MGM, Brought Credit Lyonnais to its Knees, and made the Pope Cry An article about Giancarlo Parretti.

Credit Lyonnais & L.F. Rothschild Ready to Topple J. Orlin Grabbe ponders the implications for the international financial system if Credit Lyonnais were to collapse.

Another Disaster for French Bank: Theft at Belgian Unit An article from the International Herald Tribune, 15 March 1997, about fraud at a Belgian subsidiary of Credit Lyonnais.

The Bank Scandal That Keeps Growing An article from Fortune magazine, July 7, 1997, by David McClintick.

Financiers flamboyants, contribuables brules par Ibrahim Warde, Le Monde Diplomatique, Juillet 1994. Article in French about how deregulation has led to scandals in various countries, e.g. Credit Lyonnais in France and Banesto in Spain.



Bre-X

The Bre-X Saga An archive of articles arranged chronologically from the Financial Post and wire services.

BRE-X :The Inside Story A brief summary of a book on the scandal by Diane Francis.

On the Road to Busang with BRE-X Brief notes from Business Week magazine on some of the big-name players that had close dealings with Bre-X Minerals.

Bre-X Survivor Clarifies Why He Invested John Kutyn explains why he bought BRE-X shares and recommended them to others.

De Guzman Scapegoat for Elaborate Salting Plan A new book by by Vivian Danielson and James Whyte ridicules the theory that the biggest gold-mining swindle in history was a "one-man scam".

The Golden Fleeced The first crop of books on BRE-X are reviewed by Ann Walmsley.

BRE-X in Bankruptcy Deloitte & Touche Inc. was appointed Trustee in Bankruptcy of Bre-X Minerals Ltd., on November 5, 1997. The website gives details of the efforts of Deloitte & Touche to recover assets.

The Deloitte & Touche Inc's Forensic Investigative Associate Inc. (FIA) Report The full text of a report on how the mineral samples were tampered with.

The Strathcona Report A detailed report on the tampering process.




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'Man's of Honor'
‘Politic & Crime.'
‘100 Million a minute ' The Power Brokers'
The Professionals:
American Express
Allianz Versicherungen AG (Germany)
Algemene Bank Nederland
Banco Ambrosiano
Banco de Maracaibo
Banco de Occidente
Banco Internacional
Banco Provincial
Bancor
Bank of America
Bank Atlantic
Bank Austria
Bank of Boston
Bank of England
Bank of Greece
Bank for International Settlements
Bank of Italy
Bank Leu International
Bank of Liechtenstein
Bank of New England
Bank of New York
Bank of Nova Scotia
Bank of Warsaw
Bankfinanz (Zurich)
Banque Brussels Lambert
Banque du Sued ( Tunis)
Banque National de Paris
Barclay (UK)

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