Showing posts with label money laundering. Show all posts
Showing posts with label money laundering. Show all posts

PostHeaderIcon Putting Obama on notice: a clue to more brazen graft and corruption in America?

7/24/2009 | Posted by mesiamd | Edit Post




There is a time lag between identifying crime, the arrest of criminals and their prosecution. In the case of the New Jersey, it took 10 years of surveillance to apprehend 44 individuals, among them government officials and members of the Jewish clergy. Probably the biggest graft and corruption incident ever reported in the state, they are accused of serious crimes including money laundering, bribery, extortion, and the illegal transport and sale of human organs.

“Five rabbis were among suspects, along with the mayors of Hoboken, Secaucus and Ridgefield, the Jersey City deputy mayor and council president, two state assembly members, and numerous other politicians, prosecutors said.” AFP (07/24/09, Smith, S.)

The organized crime was busted in a stunning after-dawn raid shown in television. Acting US attorney Ralph Marra said the apprehensions showed the pervasive nature of public corruption in the state.

In a scale that rivals the legendary mafia, the crime ring allegedly operated internationally from New Jersey and New York to Israel and Switzerland.

Among those taken by police was rabbi, Levy Izhak Rosenbaum who was believed to be part of a notorious group of corrupt, shameless, and greedy people with strong government connections (said to be mostly affiliated to the Democratic party) that procure kidneys from poor people and sell them for $160,000 for transplant to ailing patients. He used religion as a cover.

The decade-long illegal activity was cracked open by the efforts of Republican Chris Christie, a former US attorney who had been against the administration of NJ Gov. Jon Corzine (D). The crusading prosecutor and many New Jersey citizens had been critical of the governor whose leadership was blamed for the poor handling of the state’s economy.

The graft and corruption is getting rampant and freely laid in the open in the United States. There is a shift in the ethical and moral standards of the nation as secular progressives and believers of relativism influence the psyche of the nation. If not corrected, America is in danger of losing its long-held values---its credibility, leadership, and moral standing in the world. (Photo Credit: AP/ Mel Evans x 2) =0=

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PostHeaderIcon RP listed by G20 as an uncooperative tax haven

4/04/2009 | Posted by mesiamd | Edit Post


The G20 finance ministers and central bank governors who convened in London yesterday came up with countries which don’t comply with the international openness demanded to halt the shady banking secrecy practices which works against the world economy--- by spuriously affecting the value of global assets.

Philippines, Uruguay, Chile, and Malaysian Territory of Labuan were blacklisted by the Organization of Economic Cooperation and Development (OECD) for failure to follow rules on financial transparency. The citation makes these countries among those which provide cover for tax avoiders who hide money from their home countries. Tax avoidance helps weaken the economy of the world especially those of the poor countries.

The incompatibility of the current Philippine laws to the international agreements is blamed for non-compliance. Faced with possible sanctions, the government is just about to work on reconciling local laws ---something it should have done much earlier.

In 2001, Republic Act 9160, a money laundering law was passed, but was quickly revised to give protection to corrupt individuals who stash money away to avoid taxation.(Photo Credit: London Summit) =0=

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PostHeaderIcon Truth, not only travel briefing, is the answer versus money laundering

10/17/2008 | Posted by mesiamd | Edit Post


With the deterioration of the economy, we have learned to be frugal---- traveling abroad simply. The clothes we wear and the money we bring are scaled in terms of affordability and status. Yet there are Filipinos who insist to be flashy like the "ritzy" PNP officer who carried a “bayong” of cash to an Interpol conference in Russia.

Eliseo de la Paz, a former director and comptroller of the Philippine National Police (PNP,) traveled in style with a group of Filipino law enforcement officers in the 77th General Interpol Assemby in St. Petersburg, Russia. We didn’t know if he dressed appropriately, but he was caught bringing P6.9 million of “contingency” funds, a shameful violation of smuggling and the international money laundering law.

It was disgusting that the senior PNP law enforcer and his defenders take the incident lightly. PNP Chief Supt Nicanor Bartolome, perhaps in an attempt to dampen the corruption implications of de la Paz’ action, announced all police officers traveling abroad must undergo mandatory briefing. Did Bartolome mean de la Paz and his group didn’t have one? Wouldn’t it be routine to have pre-departure orientations for Filipinos representing the Philippines abroad?

If Bartolome’s travel orientation’s goal is to educate us about the money laundering law which allows less than $10,000 of undeclared cash during travel, his plan is practically useless. It is a duplication of what is routinely done in international airports, airplanes, and customs offices.



Everybody knows, before reaching the port of entry, flight attendants bring in forms to make sure passengers don’t commit the error of breaking the law. In the customs, passports and money declaration documents are rechecked. There is absolutely no chance that de la Paz wouldn’t know this simple travel procedure, especially if it regards to concealing huge sums of money.

De la Paz brought P6.9 million in cash way beyond what was legally allowed. A retiree from PNP service, he and his wife must not even be part of the Interpol meeting in the first place. But they were there for a reason the public must know, held by Russian authorities that their counterparts in Manila wanted to pass like a fart.

If Bartolome wants to conceal this ignominious incident under the rug as most military men do for their comrades, why doesn’t he dig into the truth about de la Paz’ P4.5 million. The PNP officer claims he brings “personal” money in a conference. What will he do with that mind-boggling sum and how did he acquire it?

Bartolome asks why the Russian authorities didn’t catch de la Paz early on. But aren’t foreign delegates of meetings accorded respect and nothing like this is imagined to happen in St. Petersburg?

There goes the rub. Another Filipino official has disgraced himself and put the name of the nation in the sewers. Alibis, cheating, and corruption have been so entrenched among our officials. Who then will believe us if we are like this? (Photo Credits: Christian Science Monitor/Bennett; Banyuhay)=0=

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Parallels in the US and Philippine Presidential Elections

"If some think we have reached the pits in our standard for electing national leaders, they better observe what is happening in the US elections. We may be "shallow" and immature as an electorate but the current US electoral pool won't have the right to sneer at us come 2010 (if ever elections are held at all)."---MyTy (10/17/08) (Photo Credit: MarkBerry)
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