Posts tagged kroll advisory services

CRIME EXPERT: CITY OF LONDON IS THE MONEY LAUNDERING CENTRE OF THE DRUG TRAFFICKERS, TERRORISTS

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roberto 1
Roberto Saviano

 

http://www.independent.co.uk/news/uk/crime/london-is-now-the-global-moneylaundering-centre-for-the-drug-trade-says-crime-expert-10366262.html

 

The City of London is the money-laundering centre of the world’s drug trade, according to an internationally acclaimed crime expert.

UK banks and financial services have ignored so-called “know your customer” rules designed to curb criminals’ abilities to launder the proceeds of crime, Roberto Saviano warned. Mr Saviano, author of the international bestseller Gomorrah, which exposed the workings of the Neapolitan crime organisation Camorra, said: “The British treat it as not their problem because there aren’t corpses on the street.”

His warning follows a National Crime Agency (NCA) threat assessment which stated: “We assess that hundreds of billions of US dollars of criminal money almost certainly continue to be laundered through UK banks, including their subsidiaries, each year.”

Last month, the NCA warned that despite the UK’s role in developing international standards to tackle money laundering, the continued extent of it amounts to a “strategic threat to the UK’s economy and reputation”. It added that the same money-laundering networks used by organised crime were being used by terrorists as well.

Interviewed by The Independent on Sunday, Mr Saviano said of the international drugs trade that “Mexico is its heart and London is its head”. He said the cheapness and the ease of laundering dirty money through UK-based banks gave London a key role in drugs trade. “Antonio Maria Costa of the UN Office on Drugs and Crime found that drug trafficking organisations were blatantly recycling dirty money through European and American banks, but no one takes any notice,” he said. “He found that banks were welcoming dirty money because they need cash, liquidity during the financial crisis. The figures are too big to be rejected …. Yet there was no reaction.”

Referring to HSBC’s record $1.9bn (£1.2bn) US fine for money laundering for the Mexican Sinaloa drugs cartel in 2012, Mr Saviano said: “The biggest UK bank! Yet it has scarcely been written about. The British treat it as not their problem, because there aren’t corpses on the streets.

“They think it’s all happening ‘over there somewhere’, so they needn’t worry about it. Sure, HSBC has been reported but there has been no debate. You need to fill the papers. The intellectuals have said nothing. [David] Cameron has said nothing. It’s his country. How can he say nothing on such a piece of news?”

US justice officials concluded HSBC was guilty of “stunning failures of oversight – and worse, that led the bank to permit narcotics traffickers and others to launder hundreds of millions of dollars through HSBC subsidiaries and facilitate hundreds of millions more in transactions with sanctioned countries”, including money banked for Middle East terror groups.

He accused the British Government, together with Austria, of consistently blocking anti-money-laundering moves by the European Union. “They will carry on like that until someone gets killed here by the Russians or the Italians. ” he said. Mr Saviano said he feared one reason was because banks are a key source of political funding.

“Every time there’s an election campaign, I wonder if someone will come forward and start a campaign on money laundering … but it never happens. The reason, I am convinced but I don’t have the proof, is that a good part of the money that comes from money laundering goes into the election campaign. Not illegally, legally, because it can come in because of a lack of regulation.”

Twenty years ago, drug money was laundered offshore because the top international banks “were afraid of opening their doors to dirty money, they were afraid of losing control”, he said. “The more criminal capital comes in, the more criminals there are on the boards. The Mafia set up its own bank, Michele Sindona’s Banca Privata Finanziaria, and the other banks would have nothing to do with them,” he said. “Not any more. Now, because of the problem of cash, they can’t wait to get the Mafia organisations in.”

Labour MP David Lammy, who met Mr Saviano last week, said the UK needed to take “very seriously” his claims about its financial services’ role in the international drugs trade. Mr Lammy, who is seeking to become Mayor of London in 2016, said: “We are rightly proud of our financial services industry in this country, but we cannot afford to be complacent.

“I am particularly concerned that London’s inflated property prices are fuelled by dirty money and I will do everything in my power as mayor to ensure that money laundering and tax evasion are rooted out by the authorities.”

MICHAEL DEMEO’S FORMER BUSINESSES HAD A REGISTERED ADDRESS AT A GAS STATION IN FLORIDA

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DEMEO, MICHAEL JOSEPH (81-83)
COVE AUTOMOTIVE, INC.
1480 EAST HILLSBORO BLVD.
DEERFIELD BEACH FL 33441
497415
COVE AUTO LEASING, INC.
499819
COVE TOWING AND RECOVERY, INC.
560069
COVE TOWING AND RECOVERY, INC.
560069

 

PERSONAL BANKRUPTCY + GAS STATION LITIGATION

http://www.leagle.com/decision/198393631BR905_1706.xml/MATTER%20OF%20DeMEO

MATTER OF DeMEO

BANKRUPTCY NO. 83-00761-BKC-SMW, ADV. NO. 83-0524-BKC-SMW-A.
31 B.R. 905 (1983)

In the Matter of Michael J. DeMEO, Jr., Debtor, PHILLIPS PETROLEUM COMPANY, Plaintiff, v. Michael J. DeMEO, Jr., Defendant.

United States Bankruptcy Court, S.D. Florida.
July 25, 1983.

 

 

1480 EAST HILLSBORO BLVD WAS A GAS STATION +  SUBSEQUENTLY A DRY CLEANING BUSINESS

MICHAEL DEMEO: FROM TOW TRUCK DRIVER TO MULTI-BILLIONAIRE ON COUNTERFEIT ABN AMRO BANK DOCUMENTS

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>>>>Overview of Cove Towing and Recovery, Inc. in Deerfield Beach, FL

http://www.corporationwiki.com/Florida/Deerfield-Beach/cove-towing-and-recovery-inc-4718128.aspx

Cove Towing and Recovery, Inc. filed as a Domestic for Profit Corporation in the State of Florida and is no longer active. This corporate entity was filed approximately thirty-seven years ago on Friday, February 17, 1978 as recorded in documents filed with Florida Department of State.

Key People

Michael Demeo served as the President Michael’s past corporate affiliations include Cove Automotive, Inc., Cove Auto Leasing, Inc.

The registered agent for the company is Michael Joseph Demeo. Also known as a statutory or resident agent, the registered agent is responsible for receiving legal notifications regarding court summons, lawsuits, and other legal actions involving the corporate entity.

 

>>>>A Multi-billionaire on counterfeit ABN Amro Bank documents with Leticia Castro who was arrested February 2015

 

TWO CHARGED IN $3.2M INVESTMENT SCHEME

 

http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201502250001KRTRIB__BUSNEWS_11676_54224-1

 

Feb. 25–Two people were arrested Friday in connection with a Las Vegas-based investment scheme that bilked hundreds of victims out of $3.2 million.

Leticia Castro and Jimmy Matute were arrested by federal authorities Friday on conspiracy and wire fraud charges, court records show.

An FBI investigation revealed that Castro and Matute set up the investment company GrupoMex in 2008 to lure people across the globe into giving them millions with promises of high return rates with little to no risk of failure.

But after receiving clients’ funds, Castro and Matute transferred the money into their personal bank accounts instead of using the money to generate the investment returns they promised, court records show.

One unnamed victim from Cyprus reportedly wired GrupoMex nearly $1.4 million from his Swiss bank account and never recovered it. Castro and Matute allegedly held a Skype session with the victim to tell him that his money had been used to pay off personal loans.

Castro was released from federal custody on Monday on a personal recognizance bond. She was ordered to wear a GPS monitoring device as a condition of her release.

U.S. District Judge George Foley Jr. deemed Matute a flight risk and ordered him to remain behind bars pending trial.

Their next court appearance is scheduled for March 6.

mike 1  mike 2
LEFT – MICHAEL DEMEO
RIGHT – LETICIA CASTRO (arrested February 2015 in Las Vegas, Nevada)
mike 3

 

18 YEARS OLD + ALREADY CONVICTED IN UK ON 6 COUNTS OF FRAUD

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Sam Cook arriving at Plymouth Magistrates court

ABOVE + BELOW – Sam Cook

 

 

http://www.express.co.uk/news/uk/588065/Teenager-boasted-money-admits-fraudster-driving-fake-Ferrari

 

Sam Cook, 18, has admitted six counts of fraud after lying about his extreme wealth to con more than £100,000 from unsuspecting clients.

It also emerged the flash Ferrari he bragged about owning was in fact a kit car replica – based on a £1,000 Ford– that he did not even have a licence to drive.

Cook appeared at Plymouth Magistrates’ Court today to plead guilty to six counts of fraud by false representation.

The court heard the charges related to him posing on several occasions as a successfulinvestor and getting money from clients.

The amounts that Cook swindled ranged from £5,000 to £50,000 and totalled £110,200.

He also pleaded guilty to driving a vehicle without a licence.

Anyone who owns a Ferrari will know it isn’t a real one straight away

Brian Hale, boss of DNA Automotive

Cook, of Lewdown, Devon, had claimed he owned a £165,000 Ferrari F430 Scuderia. But underneath the sleek bodywork was a 2001 Ford Cougar.

It had been transformed into a stunning-looking supercar by Birmingham-based DNA Automotive.

DNA currently charges £26,000 plus a donor car – in this case a £1,000 Ford – to build the ‘5cudo’.

Cook bought his ‘5cudo’ second-hand.

Brian Hale, boss of DNA Automotive, said: “Anyone who owns a Ferrari will know it isn’t a real one straight away.”

Cook, who turned up to court in a blue suit, gold tie and brown shoes, spoke only to confirm his name and give his guilty pleas during the short five-minute hearing.

He had previously boasted of amassing his huge fortune trading across currency, stock andcommodities markets in just one year.

Cook also claimed to wear a different £120,000 watch every day of the week and enjoyed a string of luxury holidays.

His offences are alleged to have taken place between June 19, 2014 and January 31 2015.

He had claimed to have began dabbling with the stock market at the age of 15.

He moved to Plymouth with his parents Peter and Deanna, from his native Yorkshire about seven years ago.

Cook had previously claimed he started with a £2,000 loan from his father and made his fortune on the markets covering stock, currency and commodities.

He said: “I want to have £2billion by the time I am 50.”

Magistrates sent the case to Plymouth Crown Court where Cook will be sentenced on July 31.

He was released on unconditional bail.