The SEC and IRS would be interested in municipalities using tax dollars----and its public school districts using tax-exempt education bond proceeds---- to finance illegals.
Tax-exempt municipal bond investors---and education bond investors-- may have legal grounds if they were deceived about deceptive bond offerings characterizing the uses of tax-free bond proceeds.
In many cases, bond issues are approved by voters---at the ballot box--so that voters may have also been misled WRT uses of fraudulent bond offerings.
Also culpable are:
<><> bonding companies underwriting possible fraudulent bond issues;
<><> banks holding possibly fraudulent bond proceeds;
<><> municipal and school finance administrators allocating bond proceeds,
<><> municipal and school personnel accepting the bond proceeds.
<><> municipal and school vendors accepting possible fraudulent bond proceeds.
<><> publicly-funded tax-exempt groups advocating the uses of fraudulent bond proceeds.
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EMAIL---FBI TIPS PAGE https://tips.fbi.gov
EMAIL--enforcement@SEC.gov
Contact the IRS Fraud Unit
EMAIL Banking oversight agencies
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The Chamber of Commerce should hope that taxpayers do not find out which banks are facilitating this.
<><> Which banks are designated the repositories of municipal tax dollars.
<><> Which banks are dispensing tax-exempt bond proceeds.
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REFERENCE SOURCE: web site / occ.gov
The Office of the Comptroller of the Currency processes questions and complaints concerning consumer issues within the jurisdiction of the OCC through our Consumer Assistance Group (CAG) (and sends misdirected complaints to the appropriate federal or state regulator).
OCC processes complaints involving national banks and federal savings associations with more than $10 billion in assets on behalf of the CFPB, while the CFPB builds its capacity to handle complaints. Under this approach, the CFPB will begin by handling credit card related complaints involving national banks and federal savings associations with assets of $10 billion or more and will expand its complaint process to other products and services offered as the new bureau builds that capacity through March 2012.
Consumers can contact the bureau through its Web site, consumerfinance.gov, or by phone at 855-411-2372. Consumers may use the FFIEC site to identify a financial institution's primary regulator, or may use the FDIC institution directory to identify which institutions have more than $10 billon in assets.
For specific problems with a financial institution other than a national bank, contact the customer assistance:
(1) State Banking Department WRT a state bank
(2) Federal Deposit Insurance Corporation (FDIC), or,
(3) the Federal Reserve for federally chartered banks.
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NOTE WELL Under the Bank Secrecy Act, banks are required to establish, implement and maintain programs designed to detect and report suspicious activity indicative of money laundering and other financial crimes. “The Bank Secrecy Act was enacted to protect the public from harm by identifying and detecting money laundering from criminal enterprises, terrorism, tax evasion or other unlawful activities,” the special agent in charge for Internal Revenue Service Criminal Investigation, explained.
Shady banking transactions could be prosecuted under the (1) Bank Secrecy ACT, (2) RICO, and, (3) the Hobbs Act (by impairing the municipal/school districts' economic viability).
Time for some open and visible boycotts of C of C members I think.