Translation: WFB was the “custodian” of alleged “mortgage-backed” certificates issued for the benefit of investors who paid billions of dollars for ownership of the certificates. WFB “Loaned” those alleged securities to brokers. The brokers in exchange provided “collateral” the proceeds of which were reinvested by WFB. In short, WFB was laundering the investors money for […]

Tags: Blue Cross Blue Shield of Minnesota, BoNY-MELLON, laundering, money, security, Wells Fargo Bank
Posted in Corruption, discovery, evidence, expert witness, Fabrication of documents, securities fraud, Servicer |