Something Smells in BBVA's Approval to do business in the US
For Immediate Release
San Diego CA
Codefore Publishing Goes after BBVA Compass Bank
Codefore Publishing is encouraging people who feel banks are stealing their funds to enjoin in an attempt to pressure the Department of Justice to investigate a foreign bank now doing business in the United States.
JD Benish who owns Codefore Publishing said that he thinks there may have been some back room deals made that resulted in BBVA Compass getting the ‘go ahead’ to operate in the United States.
“I didn’t even know who BBVA was.” He said. “ My original account was opened with a “mom and Pop” bank in Colorado named Mega Bank” “The next thing I know I’m doing business with Spain’s biggest money launderer and that’s when the money started going from my account into someone’s pocket at BBVA.”
“ It all started when I became aware of large sums of money missing from one of my accounts. In spite of having an overdraft account since the early 90’s BBVA was helping themselves to my money in the name of fees” “One third of the overdraft balance was BBVA’s fees.”He said. “I had a contract with Mega Bank” when “BBVA came along and operated as if there was no contract.”
“We don’t have a lot of support yet” Benish said. “But I’m just getting started. I’m not going to go away until I find out what knuckle head in the government decided it was a good idea to allow BBVA into this country. Its like giving John Dillinger a permit to rob people.” “ It smells like an inside job.” He said.
“I spent many years as a police officer and one thing I learned is that if it looks like an apple, smells like an apple and tastes like an apple it probably is an apple.”
Benish said that he I did some research and was amazed at the criminal history of this bank. “It seems the BBVA gang has some esteemed members like Wells Fargo and Citi Bank.” He said. “It makes sense that they are in the same fraternity as they have all been charged with money laundering and they were all caught hiding some of Bernard Madoff’s money.” “Even the DEA and IRS has instigated laundering charges yet hereBBVA is, operating like law abiding citizens” He said. “It stinks.”
“I believe I am getting close to the cheese” Benish said “ I learned that the Federal Reserve who grants Foreign Banks the authority to operate in this country has 6 districts. Out of these 6 districts there is only one district that has a president with a history of employment in the private banking industry”
“That would be district 6 and the Bank would be Citi Bank.” Benish said. “I know who the president of district 6 is and if he approved BBVA he should be able to justify his decision and that it was impartial and legal.”
“Since the Justice Department is the enforcement authority it’s proper that the Department hear directly from as many complainants as I can get.” Benish said.
You can read the details of what BBVA is doing in this country by visiting About BBVA Compass Bank or "www.codeforeblog.com
Look at some of the complaints: http://www.consumeraffairs.com/finance/compass_bank.html
- United States Department of Justice
- United States Senate
I just signed the following petition addressed to: United States Justice Department.
Investigate who authorized BBVA to do Business in the United States
BBVA Compass is a bank based in Spain and has a history of laundering money. The Federal Reserve Board is charged with vetting foreign banks and approving them to do business in this country.
In spite of BBVA's money laundering history in January of 2005 BBVA Group was approved to acquire the Laredo National Bank based in Laredo Texas and in 2006 it acquired the Texas Regional Bancshares of McAllen Texas as well as the State National Bancshares to become the fourth biggest bank in Texas after Wells Fargo, Bank of America and JP Morgan Chase.
BBVA has gone on to purchase other banks in the United States and is bringing its dishonest business practices from Spain, Central and South America to the United States. This bank is also illegally taking funds from its customers accounts.
BBVA has been the target of money laundering by the DEA and IRS and is one of three large banks that laundered money for Bernard Madoff.
You can read the details of what BBVA is doing in this country by visiting www.codeforeblog.com
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