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The speaker says, “You are going to see a crack in the bond market. Okay? It is going to happen. And I tell this to my regulators, some of whom are in this room, I'm telling you what's gonna happen, and you're gonna panic. I'm not gonna panic. We'll be fine. We'll probably make more money, and then some of my friends will tell me that we're that we cause we like crises because it's good for JPMorgan Chase.”

The Department of Justice announced a historic $2.3 billion settlement with Pfizer and its subsidiary Pharmacia and Upjohn, the largest health care fraud settlement in DOJ history. This settlement addresses civil and criminal allegations regarding Pfizer's illegal promotion of drugs, particularly Bextra, for off-label uses not approved by the FDA. The settlement includes a criminal fine of $1.195 billion, the largest criminal fine ever imposed. Off-label marketing poses risks to public health because medical providers may lack complete information about a drug's risks and benefits. The investigation, lasting four years, implicated Pfizer and identified senior managers responsible for the fraud.

Speaker 1: Well, the intersection with the global financial crisis specifically is a wild story that to be truly told, you need to put the evidence on screen as well. But the short version is that he had a company called Liquid Funding Limited that was domiciled in The Bahamas that was partially owned by Bear Stearns. And Bear Stearns, you know, is where he had come up for a long time. And Liquid Funding Limited was selling CDOs, the same types of CDOs that eventually caused the global financial crisis. It was capitalized at, I believe, dollars 100,000,000 and allowed to sell $20,000,000,000 with a B of CDOs. Speaker 1: And I actually just was looking at that statistic earlier today because this is the craziest story. And that little CDO factory that Jeffrey Epstein was running tied into Bear Stearns. And if you recall, Bear Stearns was one of the, you know, the first to collapse, right? That shut down in the months directly preceding Bear Stearns starting to collapse. And Jeffrey Epstein redeemed all of those CDOs, all of those assets. Speaker 1: The terms are I don't know the technical terms for what he did. But basically, he made a run on the bank on those exact assets that were the exact problem. And he was tied into the exact bank that was financially distressed. And then he wound that whole company, Liquid Funding Limited, up and disappeared. And later, JPMorgan, the bank that he later worked with after, you know, Bear Stearns was his early banking career, and then he later was doing all of his money laundering and banking and referring of people at JPMorgan, They came in, swooped up Bear Stearns for pennies on the dollar. Speaker 1: They also later spun Liquid Funding Limited back up. There's a whole There's a very overt financial paper trail that Jeffrey Epstein was better acquainted with the problem than almost anyone in the world because he was deeply enmeshed in Bear Stearns and knew the leadership of Bear Stearns very well. And he understood CDOs, he was selling CDOs. And then he just so happens to wind his whole shop up and close it down and redeem it all right at the moment when things are about to go bust. So, that's a wild rabbit hole, and it's very interesting. Speaker 0: I mean, what is that? I mean, that suggests Well, it doesn't suggest it's like direct evidence of, if I'm assuming we can verify what you're saying, that the biggest events in the world are actually not quite as organic or accidental as we're led to believe and that, you know, this is like puppet master stuff. Mean, it is. I don't know what to say. I don't want this to be true, Speaker 1: but Speaker 0: that's what it looks

Jamie Dimon, CEO of JPMorgan, is facing scrutiny after emails surfaced suggesting that he knew about Jeffrey Epstein's illegal activities. The emails, dated August 2008, indicate that money transfers from Epstein were pending Dimon's review. This is significant because just months earlier, Epstein had pleaded guilty to soliciting prostitution of a minor. The Virgin Islands government is now investigating what Dimon knew and when. JPMorgan has filed a third-party claim, blaming a former executive for any wrongdoing related to Epstein. However, the government's lawyer questions why Dimon shouldn't be held responsible if the executive is considered rogue. The implication is that knowledge of Epstein's actions reached the top of the organization.

Speaker 0 expresses opposition to cryptocurrency. Speaker 1 mentions that Jamie, who supports blockchain, helped launch JPMorganCoin. They explain that JPMorgan created its own blockchain protocol based on Ethereum, allowing private transactions. Speaker 0 suggests that the only use case for blockchain is criminal activity. Speaker 2 states that JPMorgan was involved in Ethereum from the beginning and played a major role in the Enterprise Ethereum Alliance. Speaker 0 comments on shutting down blockchain if they were the government. Speaker 3 compares the Mt. Gox scandal to Bernie Madoff's Ponzi scheme, where JPMorgan was involved. JPMorgan account holders sued the bank and recovered over $2 billion, but no executives went to jail.

Commercial banks may not be enthusiastic about the idea, but there is a possibility that ownership may need to be shared with 20 banks. JPMorgan has been involved with Ethereum since its inception. There might be limits on the amount individuals can invest in Ethereum, but they can buy from different identities to maintain privacy. The SEC is now well-prepared and would shut down sales structures like BEO sale before they even start.

Samuel Bankman Fried, accused of a major financial fraud, was arrested. Gary Gensler, the SEC chairman and former Wall Street multimillionaire, had meetings with Fried during the fraud. Gensler made a lot of money on Wall Street and refuses to answer Congress's questions about his interactions with Fried. Congress is considering issuing a subpoena to the SEC to get answers from Gensler. The question remains: What is Gensler hiding?

The speaker discusses how JPMorgan Chase was involved in servicing black market transactions for wealthy clients, including illegal activities like human trafficking and drug smuggling. Despite internal reports and compliance concerns, the bank continued to support these clients for financial gain. The speaker highlights the lack of morals and ethical considerations in favor of profit. Mary Airdas, a key figure in managing wealthy clients' money, played a role in allowing these activities to continue. The speaker recommends visiting wallstreetonparade.com for more information on the criminality within the banking and financial systems.

Devin and Maria discuss the Arctic Frost investigation and its impact on Trump Media and Technology Group and Truth Social. - Devin asserts that Trump Media and Technology Group (TMTG) would not have been involved in Arctic Frost, since TMTG became a public company in 2024 and “we were nowhere around in 2021 on January 6,” questioning why Trump Media was subpoenaed during the investigation. - He questions JPMorgan Chase’s actions, asking why the bank would comply with Arctic Frost targeting TMTG’s bank records if the company did not exist in January 2021, noting that TMTG was never notified. - Devin explains that when Arctic Frost targeted their bank records, TMTG did not exist as a public or private entity at that time. He asks what reason JPMorgan had to pursue them, and he questions whether JPMorgan targeted TMTG and did not inform them, suggesting potential Florida law implications and possible federal law implications. - He recounts that during the period when they were private and preparing to go public, JPMorgan “debanked” TMTG at a critical moment in early 2024, during the campaign, even though they were seeking to deposit $250,000,000. Devin notes they had other banks in line (Citizens), but JPMorgan acted at that time. - Devin claims JPMorgan later indicated they do not close accounts for political reasons, citing a statement they gave to Fox News in August that they do not debank for political reasons and that regulatory change is needed, but he questions whether that policy held true at the time TMTG was debanked. - He states that now it is clear TMTG was caught up in Arctic Frost and emphasizes that they were a company going public with hundreds of thousands of shareholders worldwide and no debt, with an SEC approval, and therefore questions why JPMorgan would debank a company entering the market. - Devin says they will pursue all legal avenues under Florida and federal law to determine what JPMorgan knew, when they knew it, and whether there was coordination with anyone within the administration or the Justice Department, insisting that all communications JPMorgan had regarding their account be disclosed. - He adds that the Department of Justice and the dragnet affected hundreds of Americans, noting the broader scope of people wrapped up in these investigations. - The conversation highlights the overarching concern about potential political influence on financial institutions and the transparency of actions taken by JPMorgan during the Arctic Frost investigation.

The speaker questions why billionaires like Bill Gates need referrals to banks like JPMorgan Chase, hinting at potential involvement in black market activities. JPMorgan allegedly failed to report suspicious transactions, allowing illegal activities to continue. Compliance officers were concerned about the risks but were overruled by Mary Erdos, who prioritized profit over morals. Mary and Jamie Dimon sold bank stock, highlighting corruption in the financial system. Visit wallstreetonparade.com for more insights on banking crimes.

In the late 1980s, there was a treasury scandal where no one faced punishment. Warren Buffett was brought in to clean up the mess while the culprits escaped. Some of them now hold powerful positions. The current chair of the Federal Reserve, Jerome H. Powell, oversaw the scandal settlement, which is shocking.

Commercial banks may not be enthusiastic about the idea, but there is a possibility that they may need to give up 50% ownership to the 20 banks involved. JPMorgan has been involved with Ethereum since its inception. There may be limits on the amount individuals can invest, but they can buy from different identities to maintain privacy. The SEC is now well-prepared and would shut down a sales structure like BEO sale before it even starts advertising.

Newly unredacted documents in a federal JPMorgan lawsuit allege that Jess Staley, Epstein's banker, exchanged 1,200 emails with Epstein from 2008 to 02/2012, including while Epstein was on work release, suggesting a close relationship and possible involvement in Epstein's sex trafficking operation. The Virgin Islands government says the communications show a close relationship and profound friendship and may indicate involvement in Epstein's activities. In July 2010, Staley allegedly wrote to Epstein, 'maybe they're tracking you. That was fun.' 'Say hi to Snow White.' Epstein replied, 'what character would you like next?' Staley: 'Beauty and the Beast. Epstein. Well, one side is available.' Plaintiffs allege Staley was on Epstein's island writing, 'presently, I'm in the hot tub with a glass of white wine. This is an amazing place. Truly amazing. Next time, we're here together. I owe you much, and I deeply appreciate our friendship. I have few so profound.'

TD Bank pled guilty to felonies, including conspiring to violate the Bank Secrecy Act and commit money laundering, and agreed to a $1.8 billion criminal penalty. Combined with civil enforcement actions, the United States will impose approximately $3 billion against TD Bank. TD Bank became the largest bank in US history to plead guilty to Bank Secrecy Act program failures and the first bank to plead guilty to conspiracy to commit money laundering. This is also the largest penalty under the Bank Secrecy Act, and the first time the Justice Department has assessed a daily fine against a bank. TD Bank will restructure its corporate compliant program at its US-based bank and agreed to a 3-year monitorship and a 5-year term of probation. The bank will continue to remediate and improve its anti-money laundering compliance program.

for many years, J. P. Morgan was basically the primary bank serving Epstein. first and foremost, it set up accounts for not only him and his companies, but also quite a few of his victims who had been trafficked into The United States. and it arranged for Epstein to be able to pay those victims both in The US and in Eastern European countries and in Russia. The bank lent him money that was associatedfor projects associated with sex trafficking. In some cases, it just paid him cash, millions of dollars of it, over the years, to thank him for some of the services he had provided the bank. Epstein's sex trafficking operation, we now know, operated in large part because he had unfettered access to the global financial system. And for many years, it was JPMorgan that was providing him with that access.

Bernie Madoff turned himself in before any serious investigation began. Harry Markopolos had been right about Madoff, but Madoff's Ponzi scheme collapsed due to the bad economy, not due to Markopolos's efforts or the SEC's actions. The SEC typically investigates after the crime has been committed, identifying victims and perpetrators after the fact, which is not helpful.

JPMorgan failed to prevent Bernie Madoff from laundering billions of dollars in Ponzi scheme proceeds through its accounts for decades. As early as 1998, a JPMorgan fund manager suspected Madoff's returns were "possibly too good to be true" and noted numerous red flags. By 2007, concerns persisted that Madoff's operation was a "wholesale and systemic fraud" and "speculated to be a Ponzi scheme." In February 2008, JPMorgan reduced its London trading desk's exposure to Madoff's funds. Criminal BSA charges are being filed against JPMorgan, and the bank is admitting responsibility. JPMorgan is forfeiting $1.7 billion to compensate Madoff's victims.

Pfizer, a company too big to fail, made a deal with the government to avoid being excluded from Medicare and Medicaid. They created a shell company, Pharmacia and Upjohn Company Incorporated, to take the blame for any convictions. This allowed Pfizer to continue doing business with the federal government. Despite paying a $1.2 billion criminal fine and settling civil suits for $1 billion, Pfizer's punishment may not be enough to deter other big pharma companies from engaging in illegal activities. The fear is that dealing with the Department of Justice is just seen as a cost of doing business.

Do you remember Sam Bankman-Fried? He was seen as a genius, so powerful and wealthy that he attended meetings with prominent figures like Bill Clinton and Tony Blair while looking disheveled. Where is he now? I believe he is in prison, as noted in a Netflix series. That's right, he’s a crook. And who was responsible for his downfall? The Department of Justice.

JPMorgan has faced various controversies and legal issues over the years. They settled a $75 million agreement in the Jeffrey Epstein sex litigation case. The bank was accused of enabling Epstein's abuses and had embarrassing disclosures of relationships with him. There were also allegations of money laundering and financing illegal activities. JPMorgan faced fines for market manipulation in precious metals and a $13 billion fine for its role in the mortgage meltdown. They were also involved in fraud charges related to the financial crisis and settled for $154 million. The bank has been accused of involvement in terrorist financing and using crypto for illegal activities. They settled criminal charges related to Bernard Madoff's Ponzi scheme for $1.7 billion. These controversies highlight the need to update the Bank Secrecy Act to address new threats.

Banks like Santander, Deutsche Bank, and Royal Bank of Scotland are broke due to fractional reserve banking, allowing them to lend money they don't possess. This practice is a criminal scandal that has been ongoing for too long.

The Morgan family faced issues with the SEC due to concerns that J.P. Morgan held excessive power. He bailed out America in 1895 and 1907, leading the government to believe that one individual shouldn't wield such influence. Consequently, the Federal Reserve was created, modeled after Europe's Central Bank. However, JPMorgan was not, and still is not, part of the Federal Reserve. The Federal Reserve consists of twelve reserve banks from the United States with elected and selected officials.

TD Bank pled guilty to felonies, including conspiring to violate the Bank Secrecy Act and commit money laundering, and agreed to a $1.8 billion criminal penalty. Combined with civil enforcement actions, the United States will impose approximately $3 billion against TD Bank. TD Bank became the largest bank in US history to plead guilty to Bank Secrecy Act program failures and the first bank to plead guilty to conspiracy to commit money laundering. This is the largest penalty under the Bank Secrecy Act, and the first time the Justice Department has assessed a daily fine against a bank. TD Bank will restructure its corporate compliant program at its US-based bank, the 10th largest in the United States, and agreed to a 3-year monitorship and a 5-year term of probation. The bank will continue to remediate and improve its anti-money laundering compliance program.

We are talking about a total of $125 billion in settlements. Bank of America settled for $15 billion, Bank of New York Mellon for $3 billion, Citigroup for $25 billion, Goldman Sachs for $10 billion, JPMorgan for $25 billion, Merrill Lynch for $10 billion, Morgan Stanley for $10 billion, State Street for $2 billion, and Wells Fargo for $25 billion.