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Some depositors allege wrong doing by Bank of Guam handling of “stimulus checks”
Details Written by Bill Jaynes
March 29, 2021
Pohnpei Seven plaintiffs, some US citizens and some FSM citizens, have filed a complaint (CA 2021-008) for damages against the Bank of Guam for the bank’s handling of deposits of United States Department of Treasury funds, so called “stimulus checks”.
The plaintiffs say that when the Bank of Guam either failed to honor US Treasury checks or in some cases, “returned” money to the Internal Revenue service that plaintiffs had deposited into their accounts, Bank of Guam violated their contractual obligation to their customers amounting to fraud and theft.
By Gordon Duff (for nobody…no one would publish this)
Moves by the US government to suppress perceived threats from foreign propaganda organizations has led to extreme problems for members of the media. Many are being threatened with fines and imprisonment and the end result, perhaps purposeful, is a veil of control over honest reporting.
The US effort, at the outset was heavily politicized and efforts to restrain Russian influence ended up attacking journalists politically opposed to Donald Trump and his horrific mishandling of the COVID pandemic, the single biggest blunder in American history.
Thus, when VT was cited as a Russian influence operation by the Department of Justice in November 2018 for backing Biden, and in doing so, directly going against Russia’s primary news outlets, Russia Today and Sputnik News, a pattern was seen.
Expert Take
The United States Department of Treasury is again sharpening its sword upon crypto. In January 2021, the Department of Treasury’s Financial Crimes Enforcement Network issued Notice 2020-2. The Notice states that FinCEN intends to amend its regulations concerning the reporting of foreign financial accounts to include digital currency as a type of reportable account.
In simple terms, this means FinCEN may soon require crypto users to file annual Reports of Foreign Bank and Financial Accounts, or FBARs, for crypto held on foreign exchanges. The effects of such an amendment are expansive. A mere paragraph long, the notice carries several implications that affect crypto owners well beyond a simple FBAR report.