The Justice Department just handed Wall Street another get-out-of-jail-free card. Bank of America Securities, Inc. — the powerful investment arm of one of the largest banks in the world — just cut a sweet little deal with the DOJ. Instead of facing prosecution for market manipulation involving U.S. Treasuries (yes, the very thing that keeps the whole financial system afloat), they’ll “resolve” the criminal investigation by paying $5.56 million and pretending that’s accountability.
Let’s break this down.
Between 2014 and 2020, two traders working inside BofA’s U.S. Treasuries desk ran dirty schemes to rig the system. One of them — Tyler Forbes — used “spoofing” tactics, placing over a thousand fake orders to trick the market into thinking there was more demand or supply than there actually was. That’s financial fraud — pure and simple.
This isn’t penny stock pump-and-dump garbage. They were manipulating the U.S. Treasury market — the very foundation of our monetary system. That means your savings, your 401(k), your home loan interest — all potentially impacted by this rigged game. And for six years, they ran it without blinking.
Forbes finally pleaded guilty in 2022. He was looking at 20 years behind bars. Instead? He got a wrist slap — time served and a couple of years of supervised release. He won’t even miss brunch.
Under the so-called “Corporate Enforcement and Voluntary Self-Disclosure Policy,” Bank of America gets to voluntarilytell the government what it did wrong, cooperate with investigators, and walk away without charges. Sounds like a pretty good deal — if you’re a criminal banker.
Here’s what the DOJ says BoA did to avoid prosecution:
No top executive was charged. No senior management held accountable.
Just a couple million dollars in hush money and back to business as usual.
Let’s be real — $5.56 million is pocket change to Bank of America. In fact, the bank made over $26 billion in profit last year. That’s $71 million a day. So this fine amounts to about two hours of profits. Two hours. For manipulating six years' worth of Treasury trades.
This is how the banking cartel operates.
They manipulate markets.
They fake trades.
They distort prices.
They profit.
And they never go to jail.
Meanwhile, you get stuck with rising prices, a shrinking dollar, and a broken system propped up by corruption and collusion. The DOJ isn’t protecting you. It’s protecting the banks.
This is exactly why the Fed wants to shove digital currencies like FedNow down our throats. They want total controlover your money while Wall Street gets to play games with impunity. They want you distracted by TikTok, sedated by Netflix, and enslaved by debt — while the biggest crooks in the room rewrite the rules of the game.
The system isn’t going to save you. But you can still protect yourself.
📕 Download the free report: Seven Steps to Protect Yourself from Bank Failure
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Bank of America just proved what we’ve been shouting for years — the banks don’t play by the rules. They own the rulebook.
And unless we stand up, speak out, and build parallel systems of financial independence, they will bleed this nation dry while we sleep.
Patriots, it’s time to wake up.
Drain the banks. Drain the swamp. Defend the dollar — before it’s gone.
— Sam Clemons
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