Russia's war in Ukraine

These guys put out some great articles on the financial sector. This one involves the Russian War.

So, the US is against Russia but the largest bank in the US was helping a US sanctioned Russian military group launder money. 

Wild.


What Did Madoff, Jeffrey Epstein and Sanctioned Russian Mercenary Group, Wagner, Have in Common? They All Banked at JPMorgan Chase

On Tuesday, the Financial Times broke the story that JPMorgan Chase and HSBC had been named in a new report by the U.S.-based think tank, the Center for Advanced Defense Studies (C4ADS), for their role in laundering payments for the notorious mercenary group, Wagner, that has supported Russian military operations in Ukraine, the Middle East, Latin America and Africa. The think tank wrote that the involvement of the banks with Wagner had been done “unwittingly.”

That’s also how JPMorgan Chase explained its money laundering for Ponzi kingpin Bernie Madoff for decades and for the international sex trafficker of children, Jeffrey Epstein, for at least 15 years.

Curiously, neither the Wall Street Journal nor the New York Times found the information in the think tank’s report worthy of sharing with their readers. Wall Street On Parade, on the other hand, finds it highly relevant to report to our readers that the largest bank in the United States, with a storied history of laundering money for unsavory characters over long stretches of time, has now been linked to Wagner, which was sanctioned by the U.S. Treasury and designated as a Russian proxy and Transnational Criminal Organization.