wavePod

Mega Edition: The Almost Impossible Battle To Stop Epstein Like Laundering Operations (3/29/26) - The Epstein Chronicles | Wave AI Podcast Notes

Back to The Epstein Chronicles

Mega Edition: The Almost Impossible Battle To Stop Epstein Like Laundering Operations (3/29/26)

The Epstein Chronicles

Sun Mar 29 2026

American lawmakers have long struggled to keep pace with the scale and sophistication of offshore financial networks used by figures like Jeffrey Epstein. These systems rely on shell companies, layered trusts, and jurisdictions with strict secrecy...

Summary

Mega Edition: The Almost Impossible Battle To Stop Epstein-Like Laundering Operations

The Epstein Chronicles with Bobby Capucci

Date: March 29, 2026

Episode Overview

In this episode, Bobby Capucci unpacks the global scope and entrenched nature of money laundering operations tied to elite networks, using the lens of recent scandals in the British Virgin Islands (BVI) and legislative moves in the United States. Capucci explores how havens like the BVI, anonymous shell companies, and legal loopholes allow for rampant financial crimes—critical mechanisms that enabled figures like Jeffrey Epstein to operate with near-impunity for decades. He draws direct connections between these financial systems and ongoing criminal activity among global elites, arguing that recent exposés and new legislative action may finally start to close some loopholes. The episode is characterized by Capucci’s signature no-punches-pulled style—irreverent, incisive, and deeply skeptical of political and financial institutions.

Key Discussion Points & Insights

1. British Virgin Islands (BVI) Corruption Scandal

[00:29–14:58]

Recent Developments:
- BVI faces a corruption scandal threatening its longstanding role as a dependable tax haven.
- Outgoing governor Augustus Jaspert initiates a commission of inquiry into systemic corruption and misuse of public funds, e.g., $40 million earmarked for COVID relief allegedly siphoned to political allies.
Political Motivations and International Repercussions:
- The timing is notable—coinciding with the post-Brexit environment and the fallout from major leaks like the FinCEN Files.
- Capucci speculates on pressure from the UK and broader moves by the EU to increase regulatory scrutiny after Brexit.
“Things don’t just happen out of order. In situations like this… there are no coincidences. Everything connects to each other. And once one domino begins to fall around the world, you start to see the rest of it happen.”
—Bobby Capucci [02:35]
Real-World Implications:
- Main Street rarely benefits; corruption tends to enrich political and financial elites.
- Outrageous criminal acts uncovered, such as a local BVI policeman found with $250 million worth of cocaine, highlight how deep the rot goes.
“What is this dude’s uncle, live in Medellin, packaging him up a little bit of something something and sending it up north?... Who else is involved?”
—Bobby Capucci [07:40]
UK Oversight and Local Pushback:
- UK supports investigation, with logistical and forensic resources.
- Similar grassroots pressure is mounting in BVI as seen elsewhere—local communities saying “no more” to their countries being havens for crime.
“You see the locals starting to get on board and they’re starting to say, ‘No more. You’re not going to use our island as some mecca for illegal activity.’”
—Bobby Capucci [12:11]

2. Systemic Issues of Shell Companies and Global Financial Crime

[14:58–28:53]

Nature of BVI Shell Companies:
- BVI offers easy, anonymous company formation, a feature exploited by both multinational corporations and criminal enterprises.
- Evidence: More than half of shell companies exposed in the Panama Papers were BVI-registered; BVI companies appeared in 20% of FinCEN suspicious activity reports (SARs).
“Yikes. 25%, folks. So the struggle is real. The problem is real.”
—Bobby Capucci [16:55]
Political and Financial Elite’s Defense of the Model:
- Described as "stable and mature," BVI’s regulatory regime is in reality riddled with loopholes and used as a shield for illicit activities.
- Token reforms—like public registers of company owners—are often reactive and incomplete.
“Oh well, I guess if you consider one in every five SARs being filed coming from there, I guess that’s a great regulatory system and a great compliance regime. Holy cow.”
—Bobby Capucci [18:23]
Global Pushback & Changing Laws:
- European Parliament pushes to re-blacklist the BVI as a tax haven.
- UK had previously lobbied to keep its overseas territories off such lists, highlighting political self-interest and hypocrisy at the highest levels.
“Breaking news. Politicians worldwide are corrupt. That’s why they lobbied to keep it off such a list.”
—Bobby Capucci [19:54]

3. How Anonymous Shell Companies Enabled Epstein & Others

[28:53–43:16]

U.S. Moves Toward Regulation:
- Bipartisan momentum to include anti-anonymous shell company provisions in the National Defense Authorization Act (NDAA).
- Bill would require every company to report its ultimate beneficial owner to the U.S. Treasury, a step toward transparency and accountability.
“Hallelujah. Now of course, as usual, let me tamper down any expectations, right, because the devil will be in the details. But it is certainly a good step in the right direction.”
—Bobby Capucci [28:54]
Real-World Impact:
- Shell companies are central to laundering operations for cartels, traffickers, and criminals like Epstein.
- Absent transparency, law enforcement struggles to pierce these corporate veils. The U.S. is ranked as the world’s second most secretive jurisdiction—worse than Switzerland.
“You ever wonder why you’re getting a 26% finance fee? It’s because of these scumbag banksters and their friends in Congress and the Senate who set the whole entire playing field for them.”
—Bobby Capucci [35:34]
Critique of Lawmakers’ True Intentions:
- Capucci remains skeptical—past reforms have been watered down by lobbyists and political donors.
- He calls for real enforcement (including prison time for major offenders), not just financial penalties and cosmetic compliance.
“To do that, we'd have to send some of these people to prison. Some of these banksters have to go to prison to set an example. That is the way to fix this.”
—Bobby Capucci [44:36]

4. Memorable Quotes & Commentary

On the perpetual legal "game":

“Now lawmakers… are starting to take this a bit more serious. And you know why? Well, because the people are starting to get hip to it. Once the people are hip to their scams and their plots and their schemes, well, they'll just act like we didn't know anything was wrong here.”
—Bobby Capucci [25:30]
On the necessity of criminal penalties:

“If you're caught up with one of these shell companies and these shell companies are engaged in illegal business, well, there shouldn't just be some sort of financial penalty. There should be a criminal penalty as well.”
—Bobby Capucci [27:00]
On similarities with the Epstein case:

“The financial system, the way it's set up, is set up for people such as Jeffrey Epstein to skirt around the laws, to find loopholes and to find ways to launder money.”
—Bobby Capucci [24:16]

Timestamps for Important Segments

BVI Corruption & Scandal Context: [00:29–14:58]
UK Response & Local Reactions: [14:58–16:55]
BVI Shell Companies, Regulatory Gaps, & International Pressure: [16:55–19:54]
Shell Companies’ Role in Global Crime: [19:54–28:53]
U.S. Legislation & Calls for Real Reform: [28:53–35:34]
Tax Justice, Art Market, and U.S. Secrecy: [35:34–44:36]
Final Thoughts & Cynicism Toward Politicians: [44:22–end]

Episode Tone & Style

Capucci’s language is direct, irreverent, and skeptical, combining deep dives into legal and financial arcana with punchy, plain-talk critiques of elites.
The episode balances macro-level analysis with colorful, often humorous commentary and speculative asides that underline the systemic absurdity and corruption.

Conclusion

This “Mega Edition” gives listeners an engaging walk-through of how financial secrecy—via places like the BVI and anonymous shell companies—has enabled decades of unchecked criminality by elites like Epstein. Capucci’s passionate delivery, detailed breakdown of legislative progress, and unwavering skepticism toward both corporate and political power make this episode a must-listen for those following the Epstein saga and the global fight against financial crime.

“As the Epstein case continues, we’re going to continue to cover this stuff, this financial portion of it as a subplot… because, folks, as our case, the Epstein case, and the Maxwell case continues to grow, you will see how important the financial aspect truly becomes.”
—Bobby Capucci [22:25]

Loading summary...

Transcript

Bleacher Report Announcer (0:00)

The Bleacher Report app is your destination for sports right now. The NBA is heating up, March Madness is here, and MLB is almost back. Every day there's a new headline, a new highlight, a new moment you've got to see for yourself. That's why I stay locked in with the Bleacher Report app. For me, it's about staying connected to my sports. I can follow the teams I care about, get real time, scores, breaking news and highlights all in one place. Download the Bleacher Report app today so you never miss a moment.

Bobby Capucci (0:29)

Tyler redick here from 2311 Racing Victory Lane. Yeah, it's even better with Chumba by my side. Race to chumbacasino.com let's Chumba. No purchase necessary VTW Group void where prohibited by law. CTNC's 21+ sponsored by Chumba Casino all right, so this article is from the International Consortium of Investigative Journalists. The headline British Virgin Islands corruption scandal threatens its dependable tax haven reputation. The territory, whose shell companies have repeatedly played a role in notorious global crime schemes, also may be blacklisted by the EU after the Brexit deal. This article was authored by Will Fitzgibbon. So it goes to show you the, the, the long reaching effects of the Brexit deal as well. And I'm not talking about which side of it you fall on. Personally, as an American, I'm, you know, I don't really feel like I could speak on it too. Well, I don't know all of the ins and outs, but when you leave something like the eu, there is going to be repercussions and I could see the EU being spiteful about, you know, the United Kingdom leaving, Britain leaving, and them trying to get back at the UK by, you know, ramping up the, the regulations for a place like the British Virgin Islands. Now, like I always say, however, I think the EU should worry about their own backyard before they're pointing fingers about the overgrown lawn that England. But those ramifications, ramifications still remain because of the Brexit deal. So I wondered how they would leverage the Brexit deal in ways like this. Right. You know, in the, the major ways how it's going to happen, but in littler ways like this. I'm always interested to see how, you know, the cards fall. It's very interesting to see how all of that works. The British Virgin Islands is reeling from a corruption scandal that threatens to upend the territory's reputation as one of the world's most dependable tax havens. Last week, outgoing BVI governor Augustus Jaspert announced a commission of inquiry to investigate allegations of corruption and the misuse of millions of dollars in public funds. The outgoing governor, huh? Pretty interesting that it's the outgoing governor that initiates this. And now remember, the United Kingdom is in charge of the British Virgin Islands. They oversee all of this stuff. So I find it interesting that it's the outgoing guy who brings this all up, sets this in motion right on the heels of the FinCEN files dropping. You see, things don't just happen, you know, out of order. In situations like this, you know, there are no coincidences. Everything connects to each other. And once one domino begins to fall around the world, you start to see the rest of it happen. And that's what we're seeing here. The long ranging effects of the FinCEN files is playing out right before our eyes. Now, my hope is that it goes even further than what we have seen. I want, especially after what we saw take place with Robin Hood and Gamestop, I want these people on Wall street, these hedge fund managers and all the rest of these bankers and manipulators, I want them to be regulated into oblivion at this point. They're so greedy and so disgusting

Bobby Capucci (4:24)

we can't trust them to conduct themselves correctly. So their whole, entire industry must be highly regulated. The inquiry will focus on a range of claims and alarming discoveries. In a Facebook video posted during his last week as governor, Jasper referred to accusations he heard during his time in office from officials to journalists and members of the public, including one case in which 40 million earmarked for COVID 19 relief allegedly siphoned to political allies. Well, what do you know, huh? We all knew that the grift was on and in our own countries especially, you know, that the money that was set aside for Covid Relief was being paid out to cronies and to allies and to donors and shit like that. You know, Main street wasn't going to see any of it, but it gets blasted and amplified in a place like the British Virgin Islands. $40 million down there is a lot of money, okay? And the fact that it was spread around to the political allies of this governor makes it even more audacious that he's the one that's initiating this investigation. And I wonder if there is pressure coming from England and that is why this, this, this investigation is being opened now. Because usually when it has to do with your political allies, you're pretty hesitant to, to get anything going, right? You're pretty hesitant to make a move one way or the other and you know, regulate your people or censor them or bring them up on charges or whatever may have you. But this is a, a situation where we're going to see a lot more of this moving forward. I think, folks, in the wake of the FinCEN files and all of the new money laundering regulations that we're seeing pop up around the world, I think we're going to see a lot more of these inquiries and all of these bankers that, that have been running around for all of these years engaging in all of this. Let's, let's be very, let's be nice and say Bo. Borderline behavior. Well, I have a feeling that all of their chickens are going to come home to roost. Because if the whole world gets on board with this kind of thing and everybody starts prosecuting these people in the proper manner, then I think it's going to send a huge shockwave through the whole entire industry and it's going to show these people that they're not above the law, because up until now, they truly believe that they're above the law. How many of them went to jail over the financial meltdown? How many of these people who basically bankrupted all of our 401ks went to jail? I'll tell you, none of them. And meanwhile, while all that was happening and they were getting bailouts of your money, they were still running these offshore operations, these shell companies, not paying taxes, not paying back their loans. Oh, that's forgivable. You're too big to fail. What does that even mean, too big to fail? While I'm ranting, there's no such thing as too big to fail. You fail and then somebody else moves into your place in the market and provides a service that you are providing, but better. That's how all of this works. And I'm tired of the crony capitalism, especially in the financial sector. I mean, you see the way that Wall street is operating. You see Robin Hood getting shut down to help the hedge fund managers cover their positions. It's such B.S. it's such garbage. You know, they don't want anybody to, to get out of poverty or anybody to make any money. They don't want that because then you can't be controlled. If you're making your own money and you're the ruler of your own life and you're not relying on the government for anything. So how dare you try and get in on the market and get in on the, the short, the way that the hedge funds do on a regular basis. How dare the common man try and make a profit. We need to stop that trading right now. We're the only ones that are allowed to steal said, says the hedge fund managers. And then Robin Hood's ass more like Robin people just going right along with it and, and pausing trade. Oh, now they announced that trade's gonna resume tomorrow, but you know, we're just pause it now. And they did it for your own interest, to make you better, to make sure that your position is protected. We don't need you to protect us, okay, Robin Hood, these people on Wall street and these financial advisors and these firms and these hedge fund managers, they've gotten away with this shit for way too long, folks. And it's time to that the script is flipped. How many companies have they ruined with their shorts? And now the shoes on the other foot? Well, we can't have that, can we? The only people that can have a tilted playing field are the so called elite, I guess. In another case under investigation, the BBC reported cocaine worth almost $250 million was found in the home of a local policeman. A local policeman was. What do you mean? Like a patrolman? Where do you get $250 million worth of snort as a regular old policeman? That's a lot of kilos, folks. That's a lot of kilos of cocaine. What is this dude's uncle live in Medellin? Packaging him up a little bit of something something and sending it up north. What in the hell is a regular old policeman doing with $250 million worth of nose candy? I'm sure he's the only one involved in that, right? I'm sure he saved up his policeman's salary in the British Virgin Islands and put all of that blow on lay away. Come on, man. Who else is involved? He's holding it. Probably he's the bad boy. Which one of these rat bag politicians is really the one pulling the strings? Who's the puppeteer? Because obviously this dude is the puppet. The inquiry is backed by the United Kingdom, which oversees the BVI as an overseas territory. The BVI governs its domestic affairs and raises its own taxes, but relies on the United Kingdom for defense and diplomatic matters. Yeah, you know, the, the, the overall, the United Kingdom is going to be involved in this, right? They're going to provide logistical support, forensic support, all of that jazz. They're definitely going to help them try and blow this up, try and get people arrested. And you know, whoever was involved in this stealing of this money, the $40 million here, you know, they're, they're going to try and make it so this person pays a price, and I think that's a damn good start. All of these politicians that were involved with this sort of thing, with setting up Jeffrey Epstein, all of these people need to be held to account. And as much as I dig what Denise George is doing in the Virgin Islands, sending out the subpoenas and going hard in the paint, I think until she cleans up her backyard and charges some of the politicians that were involved in all of this, then they really shouldn't be trying to get any money out of the fund because it's just a bad look, right? But over in the British Virgin Islands, you see the same thing starting to happen over here. You see the locals starting to get on board and they're starting to say, no more. You're not going to use our island as some mecca for illegal activity. These are beautiful places, folks. Is there anyone that's listening to this podcast right now that would turn down a trip to either of these places to go sit on the beach and sip a few Mai tais? You can certainly count me in. So it's a shame when a few people ruin it for everybody. It's a shame when a few people give it a black eye. And that's what this governor is trying to stop here. It looks like trying to set some things right on his way out the door. And you know what? You can only applaud that because it's, you know, we go hard enough on people when they are not doing the right thing. So when they're doing the right thing, well, it's good to give them some props. So this outgoing governor, definitely somebody that should be given some props.

Bobby Capucci (14:58)

A consistent and deeply troubling array of concerns have been put to the governor by local institutions and the community. UK Foreign Secretary Dominic Robb said in a statement to Parliament. We cannot ignore such serious allegations and they can't, right? They have to act, they have to come forward, they have to do something about it. Especially considering the FinCEN files. Putting it all into picture for people. You know, it's a lot for people to put together themselves, but when the pieces are there and you start moving them around on the puzzle board yourself, it's a lot easier when all the pieces are provided for you. The BVI is one of one of the world's most popular tax havens and attracts legitimate business corporations, celebrities, multi millionaires and criminals alike. The island offers cheap and simple shell companies that allow their owners to avoid registering their names in public. Oh, that's nice, right? Real nice, isn't it? I would hope that that changes as well. That definitely needs to be something that changes like in a, with the, with the new law here in America. That's something that they're doing away with now. Of course there's going to be shit ton of loopholes and we've talked about that already, but it's a start, right? We gotta walk before we can run. While owning and piping money through BVI companies is legal, shell companies created on the island are a regular feature in the world's most notorious scandals. BVI companies appeared in a 2 billion dollar scheme in the name of a close friend of Russian President Vladimir Putin. And the corruption pact that last week saw Israeli tycoon Benny Steinmetz sentenced to jail. So as you can see, there are some very unsavory characters that are using these shell companies for very unsavory practices. Friends of Vladimir Putin. Chances are you're in oligarch scumbag Sir. Probably shouldn't be doing business with you. Have a nice day. More than half the shell companies exposed in the Panama Papers investigation were registered in the bvi, according to an analysis by the International Consortium of Investigative Journalists. More recently, ICIJ revealed as part of the Finsen Files investigation that BVI companies appeared in one in every five suspicious activity filed by banks that had concerns about possible money laundering. Yikes. 25%, folks. So the struggle is real. The problem is real. And the fact that the outgoing governor here, Mr. Jasper, is putting this on blast is a huge deal in my opinion. And I think it's a good thing. It's about time that these people are put on blast and the government of the United Kingdom has to get on board and they have to have some teeth with the legislation and they have to make make sure people are paying a price for their corruption. It is the only way to stop it. More recently. Excuse me. Responding to pressure and sustained scandals that highlighted highlighted the role of BVI shell companies in global crime, the island last year agreed to introduce a public register of company owners. Following the United Kingdom's exit from the European Union. Pressure from European members of Parliament has grown to add the BVI back to the continent's tax haven blacklist. Previously, the UK had lobbied to keep its overseas territories off such a list. Yeah, well, they want to make money off of it, right? What? You don't think that the politicians in the government of the United Kingdom are corrupt? Oh, they are. Breaking news. Politicians worldwide are corrupt. That's why they lobbied to keep it off such a list. And for the EU's part in it all. Well, it's pretty childish right there. When, when England was part of the eu, a. Okay, sure. But now you're not. You're gone. Yeah, Nah, we don't think that's okay anymore. And I get it, right? It's all part of it. But they should have been like that when, when England was part of the eu. They should have been as forceful and gone against the silly ass tax havens and the way that they're. The way that they're manipulated and used for criminal activity. For years, the BVI and its defenders have presented the overseas territory as a reliable location for which the global so called elite can discreetly and cleanly manage their affairs and avoid the world's prying eyes. Yeah, no more of that. We should just do away with all of this shit. If I have to bank in America, so should you. Or wherever your country is. Here's an idea. You want to start one of these shell companies, you're gonna have to start it in the United States or in England or in Europe, and you're going to have to put everything on record. Enough of this bs. The BVI is a stable and mature financial center with a distinctive and professional legal and regulatory framework, according to an advertising brochure that forms part of the ICIJ's 2017 Paradise Papers investigation. In the past, companies and individuals questioned by ICIJ about their choice of the BVI have praised the jurisdiction as having a recognized and well established regulatory and compliance regime. Oh well, I guess if you consider that one in every five SARs being filed coming from there, I guess that's a great regulatory system and a great compliance regime. Holy cow. Talk about not giving a damn and only caring about increasing the zeros on your bank account. Many disagree. Margaret Hodge, a UK Member of Parliament who has pushed for greater transparency in the bvi, told the Guardian that the shocking revelations that corruption may be rife in the BVI are a shameful indictment of the tax haven model. It is clear that an economy based on secrecy and low taxes is a recipe for bad governance and corruption and criminality. Well, look, these shell companies certainly are all of that. And as the Epstein case continues, we're going to continue to cover this stuff, this financial portion of it as a subplot. And we'll continue to cover the FinCEN files as they come out and as more stories grow from them. Because folks, as our case, the Epstein case, and the Maxwell case continues to grow, you will see how important the financial aspect truly becomes. If you'd like to contact me, you can do that@bobby capuchirotonmail.com that's B O B B Y C A P U C c I@protonmail.com you can also find me on Twitter at bo b b y/cap ucci all of the links that go with this episode can be found in the description box. All right everybody, I'll be back later on. Have a great night into the FinCEN files and talk about how there is some bipartisan support for US Lawmakers to come together during this new omnibus bill and get rid of these anonymous shell companies. So that is certainly something that has been needed for quite some time, and the fact that there is bipartisan support for it is crucial, in my opinion. How many times have we seen one party or the other, because of their ties to the financial world, go ahead and kill bills like this or come up with some sort of asinine excuse why a bill like this shouldn't be passed, but I think now is the proper time for them to get it done. On the heels of the FinCEN files coming out, we've had the Panama Papers come out. You know, there are ample reasons for this to be much more regulated. And of course we talk about it here on the podcast because it certainly relates to how Jeffrey Epstein was able to conduct business the way he was able to conduct business for so long. The financial system, the way it's set up, is set up for people such as Jeffrey Epstein to skirt around the laws, to find loopholes and to find ways to launder money. And they have not. When I say they, I mean Congress or the Senate lawmakers. They don't, they don't address this ever. Because what, you don't think they're not benefiting from it? All of their bag men, all of these bundlers on both sides are involved with all sorts of shady ass shell companies and offshore dealings and stuff that we don't even know about. And that stuff was all brought to light during the Paradise Papers and the Panama Papers and then with the FinCEN files, all of the stuff that we speculated, all of the stuff we thought that they were up to, well, it was confirmed by those leaks and those dumps. And now lawmakers across the world, the eu, America, Australia, elsewhere, are now starting to take this a bit more serious. And you know why? Well, because the people are starting to get hip to it. Once the people are hip to their scams and their plots and their schemes, well, they'll just act like we hadn't, we didn't know anything was wrong here. We're gonna all write different laws. Meanwhile, the laws were written in the first place by these people so that they could exploit them. But now that the people are aware and people are starting to catch on to what's really going on, of course they'll just plead ignorance. Oh, well, we didn't know that they were being exploited or that these loopholes were being used. We'll write some new laws and inevitably these new laws, well, they'll have loopholes and backdoors in them as well. Hopefully with this new bit of bipartisanship we're going to see here in this bill, there won't be any backdoors, there won't be any loopholes, it'll just be black and white. That's what we need. Not some all inclusive comprehensive bill, just a black and white bill that outlines the penalties for people who engage in this with no slap on the wrist, with no, oh, we'll get you next times. All right. If you're caught up with one of these shell companies and these shell companies are engaged in illegal business, well, there shouldn't just be some sort of financial penalty. There should be a criminal penalty as well. With that in mind, let's take a look at our article this morning. This article is from the International Consortium of Investigative Journalists, and the headline is US Lawmakers Move to End Anonymous Shell Companies in National Defense Spending Bill. A major anti money laundering reform is expected to arrive in annual omnibus legislation with bipartis in support. This article was authored by Spencer Woodman. Now that's pretty awesome to hear, right? I don't care what side of the aisle you're on. Gridlock when it comes to issues like this is not a good situation. There needs to be bipartisan support for bills such as this. People shouldn't dig in on either side and play tribal politics when it comes to something as important as stopping this money laundering from happening. As we've already established previously, money laundering is the lifeblood for these people, these criminal organizations, people like Epstein, arms runners, the cartels. So if there's a way to stamp out this money laundering and there's a way to bring these people to justice who are engaging in it, then all of those avenues must be explored. And whatever sort of regulation power Congress has, they should use the Bleacher Report

Bobby Capucci (28:53)

Lawmakers in the United States say they have taken a significant step closer to enacting a major anti money laundering reform that would make it more difficult to move dirty money through US firms. Hallelujah. Now of course, as usual, let me, let me tamper down any, any expectations, right, because the devil will be in the details. But it is certainly a good step in the right direction. We have seen the financial system, not only in the United States, but worldwide, be exploited by these people for far too long. These people have increased their wealth since the beginning of this pandemic at a rate that has never been seen ever before in the world. And these people are still stealing, robbing, laundering money and sowing seeds of destruction everywhere they go. Hopefully a powerful anti money laundering law will not only give the investigators an inroad to prosecute people like this, but also hopefully it sends a message to that this behavior is no longer going to be tolerated. Late last week, Democrats in the House and Senate announced that they had included provisions targeting anonymous shell companies into a must pass national defense spending bill. The move is significant because unlike many pieces of legislation that languish in Congress, the omnibus bill is often approved on a bipartisan basis to continue funding national defense. So they slid this into the omnibus bill, which is honestly a good idea. I'm usually not too fond of inserting things into bills like this, but sometimes you have to force the issue and I don't really think that this is a, a partisan type of situation. So I'm, I'm actually okay with the Democrats inserting this into the omnibus bill. Um, I usually prefer clean bills, right. I'm a big fan of clean bills for the most part. But sometimes, man, you have to force the issue. Sometimes when your kid doesn't want to want to eat, you gotta sit there with them until they'll eat the food. And sometimes that's what has to happen with these bills and in Congress. You have to force the issue sometimes, and that's what it looks like is happening here. And putting it in this omnibus bill is honestly a very good strategy by the Democrats. It is past time to put an end to the secrecy that allows drug cartels, human traffickers, arms dealers, terrorists and kleptocrats to exploit the United States banking system in order to carry out anti American activities. Mark Warner, a Democratic senator from Virginia, an advocate for the reform said in a statement. Well, that's all fine and well, Mr. Warner, but you're not gonna blow smoke up my ass, sir. Literally all of the bag men you know are gonna be off about this. So I don't. I don't know how you're going to break it to the investor class, the people that literally put Joe Biden into power. It's gonna be a rough sell to those folks, and I'd like to see how you guys are gonna pull it off, that's for sure. But I'll tell you what, it is very refreshing to at least hear them talking about this, to at least hear that they're going to attempt this. Now, do I think that their overlords in the banking and financial system are going to be okay with it? No. Do I expect there to be some backdoors? Yes. But is it a nice step in the right direction? It most certainly is. I know that the current holes in our financial system pose a serious threat to national security. He's not wrong about that. They certainly do. They most certainly do. And especially if you have one of these politicians who has received money from a foreign entity, or whose family has received money from a foreign entity, or these people who might have blackmail information on a politician, you know, this stuff is definitely a serious threat to national security. And once you start getting involved in financial crimes with people, they have you there as well. Right? So if you're involved as a senator or congressman in some shady financial deal and your feet are getting held to the fire by someone who's lobbying you and they have that information that, you know, you were involved in this money laundering scammer, well, they can put your feet to the fire and press you to do what they want you to do. Sort of like Epstein did, but with the sex trafficking as opposed to the money laundering. Although I suspect that Jeffrey Epstein had quite the record of people he was involved with financially and people who were probably engaging in financial crimes with him, I'm sure he has a record of those people. And the question really becomes, where is that information? Right? Does the FBI have it? Is it hidden somewhere? Was it destroyed? You know, again, there's not enough transparency for us to even really know where any of that evidence possibly is. If passed, the legislation would in large part end anonymous shell companies in the United States, mandating that every company report its ultimate owner to the US Treasury. This would allow law enforcement to quickly ascertain who owns firms involved in potential financial crimes. I don't think there's anything wrong with that. Right Again, I'm not a big person for, you know, extreme draconian regulation in most sectors, but the financial sector has proven time and time again that they can't be trusted. So they need to be regulated, they need to be regulated in a stringent manner. And this sort of vernacular coming out from the Democrats here, from Mark Warner, from Sherrod Brown we've heard from previously. You know, it's a lot of big talk and I hope that they're willing to put this talk into action and I'm hoping that they're willing to enforce it all over the board and not, you know, let their friends skate by. I hope that this is just an over the board regulation and there's no garbage language in it. A prevalence of anonymous shell companies makes laundering and moving money derived from corruption and other criminal activity easier and makes the lives of compliance officials and law enforcement harder. This was underscored in ICIJ's recent FinCEN Files investigation. A global collaboration involving more than 100 media partners around the world examining torrents of suspicious money flowing through major banks. And this was just incredibly well done by all involved. The, the exposed the way they exposed the SARS and how there is a huge regulation problem within FinCEN itself was very important for moving this story along because people don't really want to see things until it's right in front of their face. Right? Once you have all of that stuff in front of your face, once you see all of the information that's out, you see the whistleblowers, you see the leaks, you get to read the email emails that these sons of were sending through to each other through WikiLeaks or the Paradise Papers. You see what happened with the FinCEN files. It is, it is rather obvious that there was change needed. And I just hope that this is that change or at the very least the beginning of that change. Because the, the way that the financial system gets played by these scuzz bags in so called polite society is sickening. The project was based on leaked U.S. treasury Department documents detailing more than $2 trillion flowing through the U.S. financial system. The record showed bank compliance officers searching in vain to determine who is behind shell companies moving massive amounts of money through their firm's accounts. And now imagine how is it even possible that that occurred? If you or I take out any kind of money, forget it, you know that they're going to be all over us, right? You take out over 10 grand, forget it. You got to sign paperwork, 10,001 cent. Time to CTR up. You go into the Casino and you gamble. Once you get to $3,000, you get out, you get put on something called an MTL sheet. And what that MTL sheet is, is it tracks your play. And once you hit that $10,000 mark, CTR. But these people don't play by those same rules. We know that Darren Indyke was structuring 97 different withdrawals from an ATM in the amount of $7,500. And that isn't considered suspicious. That isn't something that they cracked down on right away. But you. Well, if you. Like I said, if you go to the casino and gamble, forget it. You're going to be tracked for sure. But these people, nah, they don't live by the same rules. They do whatever the hell they want when they want to do it. And as far as moving money, these shell companies act as the per. The perfect vehicle for them to move this money and pump it through the system. In recent years, the United States has become a prominent destination for tainted money, largely because it has some of the world's best options for those wanting to cloak their activity behind highly secretive shell companies. Of course, it is America, right? That's where all these rich scallions are. So of course they have the system set up in their best interest. Of course they have the system propped up so it benefits them and screws us. You ever wonder why you're getting a 26% finance fee? It's because of these scumbag banksters and their friends in Congress and the Senate who set the whole entire playing field for them. The Tax Justice Network, an advocacy group, ranks the United States as the second most secretive jurisdiction on Earth, second only to the Cayman Islands and beating even places like Switzerland that are known for intense banking secrecy. It's obscene, folks. It is obscene in the United States of America, where every single thing that you do is under surveillance for the common citizen. Everything you do is tracked. These people have these laws in place so that they can manipulate them, so that they can hide their money, so that they cannot pay their fair share, and so that they can continue with their criminal enterprises without anyone being none the wiser. And it has been like that for far too long. The financial system should have been utterly destroyed after the collapse, but no, they were propped up. They were too big to fail. And yet here we are now, in the year 2020, on the way into 2021, and still talking about the egregious behavior of these very same institutions, Often owned by Opaque LLCs, luxury real estate in posh locations like New York and Miami now rival the classic secretive Swedish bank account for rich customers aiming to hide money. Also, the art industry, right, We've talked about that before. How, how much dark, dirty money is in the art industry? I mean, you have people like Leon Black with a billion dollar art collection. Is it really worth a billion? How much is it worth more than that? Or how much more art do you have stashed away, put elsewhere? So it is very apparent what's going on here. These people have been manipulating the system for far too long. And finally, finally Congress is waking up from its heroin buzz and they're starting to take notice. Although the expected legislation would have a profound effect on this dynamic, the ownership data submitted to the Treasury Department would likely not be made available to the public. Of course not. There's no transparency. You see, that's the key there. They might put these laws into place and they might, you know, blow some smoke up our ass and pat us on the back and tell us that they're going to, to fix things. But really, when it comes down to it, there's no transparency. The public's never involved and the public has no access to really what's going on behind the scenes. We have to trust the bureaucrats that are in charge of these institutions and we all know how that ends up for us. Tyler redick here from 2311 Racing Victory Lane. Yeah, it's even better. With Chumba by my side. Raced a chumpa casino.com let's Chumba. No purchase necessary VTW Group void where prohibited by law CTNC's 21/plus sponsored by Chumba Casino.

Bobby Capucci (44:22)

The exact language in the draft defense spending bill known as the National Defense Authorization act, has not yet been released, but a spokesperson for Senator Warner said that is that it is expected. Expected to contain the provisions around corporate secrecy that the Senator has fought for. So according to Senator Warner's office, he's going hard, he's charging hard. He wants to make sure secrecy is no longer attained by these people, blah, blah, blah, blah, blah. Warner, you've been in office for a long time, my friend, and excuse me if I am cynical, if I don't really trust what you have to say here. Now, I want it to occur, and I hope that it occurs, but these people that we have in D.C. people like Warner and all of the other incumbents that have been there for years are not people that I trust. I think that they're all scummy. I think that they're all scamming and plotting and figuring. Figuring out how to enrich themselves on the backs of the American people. And I don't think that our best interest is ever put first. I think it's always the purse or the pocketbook of these congressmen and women and these senators. And every now and then, you'll run across one that wants to do the right thing, but they get swallowed by the wave of scumbag kleptocrats that surround them. So I. I really like to see the language in this. This is all a nice idea, a nice first step, but I don't think that this is the cudgel that is needed to smash these people over the head. To do that, we'd have to send some of these people to prison. Some of these banksters have to go to prison to set an example. That is the way to fix this. The expected language mirrors the Illicit Cash act introduced last year. That bill was introduced by a bipartisan group of senators, including Warner, as well as Tom Cotton, a Republican from Arkansas, and Catherine Cortez Masto, a Democrat from Nevada. So the Illicit Cash act is a. A bill that was put forward to stop money laundering. Right. But now what they're doing is, instead of trying to push it as just the illicit. The Illicit Cash act, they've inserted it into the omnibus bill to try and force the hand of people that are voting on the spending bill. So it's a shrewd move. It is a pretty typical move in D.C. to insert things in a larger bill. But this one time right here, I am really not that mad about it, because a lot of these senators and congressmen and women are bought and paid for by the banks and they would never vote on something like this of their own accord. If they're forced to vote on it in a larger bill, then, well, what are you gonna do? You're forced to vote for it, but I hope that it has teeth and I hope that it's enforced. Do I think that it's going to be. Not so much, but we'll have to see, right? At least there are the steps are being taken to curb this. Steps are being taken to bring these people to heal. The question is, are these steps far enough? If you'd like to contact me, you can do that@bobby capuchirotonmail.com that's B O B B Y C A P U c c I protonmail.com youm can also find me on Twitter b o b b y Capucci all of the links that go with the all of the links that go with this episode can be found in the description box to everybody. Ch Ch Chumba looking for excitement? Chumba Casino is here. Play anytime, play anywhere. Play on the train. Play at the store. Play at home. Play when you're bored. Play today for your chance to win and get daily bonuses when you log in. So what are you waiting for? Don't delay. Chumba Casino is free to play. Experience social gameplay like never before. Go to Chumba Casino right now to play hundreds of games including online slots, bingo, Slingo and more. Live the chumba life@chumbacasino.com no purchase necessary vgw group void where prohibited by law 21+ terms and conditions apply.