WP: Judge Approves Riggs Settlement

[UpInArms]

http://www.washingtonpost.com/wp-dyn/content/article/2005/11/09/AR2005110902112.html

Riggs National Corp., a unit of PNC Financial Services Group, won a judge's approval to settle lawsuits that claimed directors allowed the bank to become a haven for "terrorism funding."

Riggs and PNC agreed to pay shareholders $2.7 million and their lawyers $1.1 million to resolve suits over the District-based bank's courting of business from diplomats and political leaders, investors' lawyers said.

Riggs pleaded guilty in January to allowing former Chilean dictator Augusto Pinochet and the leaders of Equatorial Guinea to hide money in Riggs accounts. PNC bought Riggs in May.

...short blurb...

[SpiralHawk]

1. Isn't Bush's uncle a director of this bank?

And isn't he also a member of the occult Skull & Boner Klaven?

Seem to remember...

[SpiralHawk]

2. ahhh, here we go...

worth a google - lots of stuff out there.

Wonder if this BushCo Wheeler Dealer was the inspiration for itchy brother Neil "Silverado" Bush and his ripoff of the public treasury in the big S & L scandal a few years back?


Web Site Cites Bush-Riggs Link

By Kathleen Day
Washington Post Staff Writer
Saturday, May 15, 2004; Page E02

A political Web site written by a Democratic operative drew attention yesterday to the fact that President Bush's uncle, Jonathan J. Bush, is a top executive at Riggs Bank, which this week agreed to pay a record $25 million in civil fines for violations of law intended to thwart money laundering.


Jonathan Bush, who is a major fundraiser for his nephew, was appointed in 2000 to run Riggs Investment Management Co. His association with Riggs began when he headed J. Bush & Co., a New Haven, Conn., company he created in 1970 and built to offer advice on money management.

THE REST OF THE STORY...
http://www.washingtonpost.com/wp-dyn/articles/A28396-2004May14.html

[Al-CIAda]

3. Settled for chump change. I wonder why this isn't getting much press.

Kind of like the other Saudi/Bush ties that go uncovered and not investigated.

[SpiralHawk]

4. Move along now. There's nothing to see here.

Corporate Media will please shield our eyes from these Disturbing Facts about the BushCo-Republican Culture of Corruption. As usual.

[lovuian]

5. yes chump change and a major funneler of money laundering

the only good news is that they were stopped!!!