The mortgage scam outlined by Thaler looks similar to the one employed in Arkansas in the days of Bill Clinton.
Clinton was involved in the setting up of a loan organisation that would fund large projects like schools, factories, hospitals etc. Many projects were pursued and all was well until they needed to change one of their top management. The new man became interested in the financial arrangements because it was not obvious where the money was coming from to do all this.
His investigations showed that it was drug money. The drug cash was being used to finance large building works. As the loans were paid back the money was effectively laundered.
So this has been a well-known scam since at least the mid to late 70s. Great to see our LEAs are all over this!
The mortgage scam outlined by Thaler looks similar to the one employed in Arkansas in the days of Bill Clinton.
Clinton was involved in the setting up of a loan organisation that would fund large projects like schools, factories, hospitals etc. Many projects were pursued and all was well until they needed to change one of their top management. The new man became interested in the financial arrangements because it was not obvious where the money was coming from to do all this.
His investigations showed that it was drug money. The drug cash was being used to finance large building works. As the loans were paid back the money was effectively laundered.
So this has been a well-known scam since at least the mid to late 70s. Great to see our LEAs are all over this!
I'm sure he said he's found documents as far back as 1996 which is likely Clinton time?
OK, but this was in Arkansas when Clinton was AG and Governor not when he was POTUS.