Massive bank fraud discovered by Madoff Whistlebloweron October 17, 2011 at 14:37
More good reason to buy or acquire physical silver, and to store it somewhere safe, is because massive bank fraud has been discovered in the U.S. by the Madoff whistleblower and his team.
It has recently been revealed in an exclusive King World News (KWN) interview with Harry Markopolos, the famous whistleblower who exposed the $65 million Bernie Madoff Ponzi scheme, that two U.S. banks, namely the Bank of New York Mellon (merger between The Bank of New York and Mellon Financial Corporation) and State Street, have allegedly for decades defrauded or stolen billions of Dollars from pension funds in the U.S. in foreign currency transactions. Markopolos stated to Eric King of KWN: “The Bank of New York is going to go down, Eric. Between Bank of New York Mellon and State Street, these two institutions have stolen between $6 to $10 billion from tens of millions of Americans retirement savings accounts. It’s been a hell of a crime spree for the bank, but now they are being brought to justice” (KWN EXCLUSIVE MADOFF WHISTLEBLOWER: BANKS STEAL $10B from PENSIONS & MORE, King World News, 8 October 2011). Markopolos added: “The New York Attorney General filed suit on Tuesday (against Bank of New York Mellon) for stealing money from pension funds on currency transactions. This theft has been from tens of millions of Americans, policemen, firemen, librarians, municipal workers, judges and the list goes on and on and they’ve been doing it for decades.”
For those of you who are not familiar with Harry Markopolos, he is CEO of the Boston Security Analysts Society and a Certified Fraud Examiner. He and his team work around the clock to expose fraud and corruption in Fortune 500 companies within the health care and financial services industries. Needless to say, one of the most cost-effective and best means to protect oneself against such fraud and corruption is to buy and hold physical silver.