Remember when Pres Obama bragged about Joe Biden’s fiscal discipline cred in 2009? “To you, he’s Mr. Vice President, but around the White House, we call him the Sheriff,” Obama warned government employees. “Because if you’re misusing taxpayer money, you’ll have to answer to him.”
Fast-forward to 2012. Call in the search teams. Since being appointed the nation’s stimulus spending cop, Sheriff Joe has taken a permanent donut break. He’s AWOL on oversight. In fact, he’s been bubble-wrapped, boxed and kept completely out of sight. The garrulous gaffe machine hasn’t sat down for a national media interview in five months.
The Democrats’ trillion-dollar “American Recovery and Reinvestment Act,” however, keeps piling up waste, failure, fraud and debt. Who benefited most? Big govt cronies. (Excerpt) Read more at michellemalkin.com ...
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POSTER COMMENTS It doesn't have to take years of investigations----this is easily disposed of w/ stim crooks nabbed easy as 1-2-3:
REFERENCE Under the Bank Secrecy Act passed by Congress, banks are required to establish, implement and maintain programs designed to detect and report suspicious activity indicative of money laundering, govt fraud and other financial crimes. “The Bank Secrecy Act was enacted to protect the tax-paying public from harm by identifying and detecting money laundering from criminal enterprises, govt fraud, tax evasion and other unlawful activities,” explained the special agent in charge for Internal Revenue Service Criminal Investigations.
We need to know the number and location of secret LLC bank accounts the stim crooks opened. How many wire transfers were facilitated? How much was secreted offshore?
THE PAPER TRAIL IS HUGE L/E should subpoena bank records of all stim recepients----demand to see copies of (1) checks, (2) wire transfers, (3) bank account statements, (4) invoices, (5) bills, (6) delivery tickets, (7) correspondence (e-mail, cell records), copies of employment contracts, salary agreements, records of payouts, and, (8) all other financial books/records.
L/E need should subpoena records WRT monies stim recepients paid to (a) brokers, sub-brokers, (b) family members, (c) mortgage brokers, (d) financial managers, and, (e) real estate agents, brokers, and developers.
L/E needs to scrutinize stim recepients' bank accounts for suspicious activites: (A) large deposits, (B) funds transferred from one account into another, (C) request for withdrawals.
HAPPILY EVER AFTER L/E can then sue banks of stim recepients if found to be covering up govt fraud.
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Feds say they have 1900 cases of stim wrongdoing.....with that number about to explode. But, but.....Obama said at the stim bill signing at a special ceremony in Colorado that VP Biden would be in charge of "keeping track of every penny"
"Hi there, Americans. Obama put me in charge of the trillion dollar stimulus. My son and brother are gonna help me disperse the money. "
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Offshore Fraudster had links to offshore fund run by VP's relatives
Reuters on Yahoo | 2/23/09 | BY Ajay Kamalakaran
(Reuters) – A fund of offshore hedge funds run by two members of VP Joe Biden's family was marketed exclusively by offshore firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said.
The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and the offshore Stanford Financial Group entity headquartered in Antigua, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related offshore companies marketed the Biden fund to investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.
Paradigm Global Advisors is owned through a holding company by the vice president Biden's son, Hunter, and Joe Biden's brother, James, according to the WSJ. Paradigm's attorney, Marc LoPresti, who represents Hunter Biden and James Biden, as well as Paradigm, told the paper he did not know which Stanford entity invested the roughly $2.7 million. (Excerpt) Read more at news.yahoo.com ...
NOTE A lawyer for Hunter Biden and James Biden told reporters the Bidens NEVER met or communicated with Stanford. (/snicker)
Stanford is in jail for 110 years---but the Bidens got off scot-free.