Customer Deposits Are Property of the Bank: Close Your Account NOW
CLICK HERE – Customer Deposits Are Property of the Bank
August 24, 2012
In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds. Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.”
These customer funds were used to “back up personal investments” which were part of “collateral for a loan from Bank of New York Mellon” (BNYM). This loan derived from stolen customer monies was “used to purchase millions of dollars worth of high-risk, illiquid securities, including collateralized debt obligations, or CDOs, for a trading portfolio that benefited Sentinel’s officers, including Mosley, Bloom and certain Bloom family members.”
Fast forward to August 9th of 2012, and the 7th Circuit Court of Appeals (CCA) rules that BNYM can be moved to first in line of creditors over the customers that had their funds stolen by SMG.
Anybody that has money in any bank is just begging to have it stolen from them. These banksters are nothing more than criminals in designer suits who are sucking the life’s blood out of Amerika’s 99%. Any time you use money, they make money. Try to trade for what you need, use as little cash as possible, or just get it free. Get most of your food from a local food bank, or grow it if you can. Get off food stamps – they want you to be dependent on them so you can be controlled later. Make yourself as self-sufficient as possible, nobody’s going to save your ass when it hits the fan….