ANOTHER MYSTERIOUS BANKER DEATH, THIS TIME IN PUERTO RICO
Many of you shared this story this week, and it's worth digging into, for the banker deaths that we've seen over the past few years, from Hong Kong to London, to New York, Italy, the Netherlands, Belgium, France, and Switzerland has now spread to Puerto Rico, which, as most readers here are probably aware, is experiencing its own "debt crisis:"
So, do I think the death of Mr. Spagnoletti is suspicious, and do I think it is related to the other bankers' deaths? The answers, on both accounts, is yes, and here's why:
I want to draw your attention to something in this article:
Doral Bank’s founder was Salomon Levis, whose Jewish father fled Poland to escape the Nazis. The family settled in Cuba, where Salomon was born, then moved to Puerto Rico. In 1972, Levis and his siblings started a mortgage company that would become Doral. The bank took off as the island prospered, and by 2001 it was originating almost half the home loans in Puerto Rico. Its profits peaked at almost $490 million in 2004. Around then, the Levis family’s 8 percent stake in the bank was valued at $355 million, making them among the island’s richest people. Salomon Levis, who had become a corpulent playboy, was a fixture at high society events, and the gossip pages chronicled his divorce and remarriage to a much younger blond lawyer.
Then it all unraveled. In 2005 the bank revealed it had inflated its earnings by about $1 billion, prompting investigations. Levis wasn’t charged, but his nephew went to prison for fraud, and the Levis family was forced out of the bank.
In other words, at the center of the Doral Bank's woes are mortgages, the same thing that touched off the financial collapse of 2008, and which continues to ripple through the financial sector. Recall in my book Babylon's Banksters I pointed out how mortgages were bundled into derivatives and credit default swaps, and then even into bundles of bundles. All was well, so long as housing prices continued to rise (and to be articificially "pumped"). But when housing prices fell dramatically, all those bundles of bundles and derivatives became a huge swamp of bad paper. Additionally, we all recall the stories of massive fraud in the mortgage markets, with large banks "robo-signing" documents. We'll get back to this issue of mortgage fraud in a moment, but recall one final thing: former HUD assistant secretary Catherine Austin Fitts has repeatedly pointed out the vast amount of fraud she uncovered in the system.
The next strange thing we note from the article is the apparent role of the occult and of animal sacrifice connected to the bank:
Lesbia Blanco, then 59 and a human resource director at Johnson & Johnson, was one of the new executives. As Doral’s new chief talent and administrative officer, Blanco was part of Wakeman’s inner circle, with an office near his on the ninth floor of headquarters. She soon realized something strange was going on at Doral. One Saturday in 2006 or 2007, she says, when she was working overtime to help prepare the bank to court Wall Street investors, a security guard came by her office. He told her there was someone in Wakeman’s office he didn’t recognize and showed her a security-camera picture of a man wearing a beaded necklace and clothes that were unusually casual for the executive floor.
Blanco walked over to investigate. Wakeman’s secretary was there with the stranger. She told Blanco that the man was her Santeria godfather and that he was helping the bank with its recapitalization.
The religion known as Santeria emerged in the 16th century among people from West Africa, called Yoruba, who were enslaved and brought to the Caribbean. Co-opting the Catholicism that their captors tried to impose, they picked saints to represent their deities and continued to worship them in secret, with drum circles and animal sacrifices in the woods. The religion now has about 70,000 followers in Puerto Rico, according to Joaquín “Kimmy” Solis, president of the island’s Yoruba association.
Now we have: (1) apparent mortgage fraud and (2) occult connections and animal sacrifice. But wait, there's more:
Other Doral employees started to notice unusual things. Juan de la Cruz, the bank’s vice president for security, says someone told him Vélez and Rivera were conducting Santeria rituals in the boardroom. There was no security camera there, but de la Cruz checked the footage from one in the hallway. “I looked in the camera and saw Rolando,” he says, “walking with the luggage and some bottles in his hand.” De la Cruz says he dropped his inquiry after another employee who practiced Santeria told him that the rituals were sanctioned by Wakeman.
Now, with all this ritual happening, consider and digest this:
If Rivera did perform a ritual, it was apparently successful. In May 2007, Doral announced it had sold 90 percent of its stock for $610 million to a group of investors including Bear Stearns, Goldman Sachs, Marathon Asset Management, D.E. Shaw, and Perry Capital. Eleven months later, Rivera was given a contract to clean Doral’s headquarters and branch offices. The head of the previous janitorial service says she’d never heard of Rivera in her 17 years in the local cleaning business. Rivera’s company, SJ Tropical Maintenance Services, wasn’t registered until the month he won the contract. And while the old cleaners charged $23,000 a month, SJ Tropical was given $27,350.
Blanco says the contract was sanctioned by Wakeman. “It was a reward for helping Glen [keep] the bank afloat,” she says.
Wakeman, who’s been working as a consultant in Miami since Doral failed, denies any allegations he’d been involved with Rivera, practiced Santeria, or rewarded the high priest. “This is both shocking and untrue,” he says. Wakeman’s lawyer declined to comment further.
In spite of Wakeman's denials, assume for a moment that rituals were being performed at the bank, and ask yourself this question: if they were, is it likely or unlikely that the Doral Bank's new investors were aware of it? As you ponder your answer, consider this bit of information:
Doral’s vice president for property and facilities, Annelise Figueroa, oversaw the new, more expensive maintenance contract. She says the contract included additional services and was approved by Wakeman, who, Figueroa says, did practice Santeria. “Wakeman used Rolando,” she says. “When I found out, obviously I thought it was weird, but then again you can’t mess with people’s religions.”
There appears to be a connection between Spagnoletto's death and the Santeria religion:
But that same spring, Spagnoletti clashed with Figueroa, the facilities vice president who handled the Santeria priest’s maintenance contract. They fought about purchases as small as a table, according to a lawsuit she filed against the bank in 2012 alleging gender discrimination. On March 8, Spagnoletti e-mailed Figueroa asking whether she understood that she was supposed to follow his orders. “Do you understand that as a Vice President of this company, you are also expected to always exercise good judgment in the performance of your duties?” he wrote. “YES, ALWAYS HAVE AND ALWAYS WILL,” she replied, according to her lawsuit, which was settled confidentially.
Marisa alleged in her lawsuit that her husband uncovered fraud at Doral, in the form of Figueroa paying vendors for services they didn’t perform and making unauthorized transfers of $30,000 a week to someone. If Spagnoletti knew about Doral’s Santeria circle or the idea that the payments might have been not fraud but a reward for supernaturally assisting the bank, he kept it from his wife. Figueroa, who was fired on May 25, 2011, says she did nothing wrong and doesn’t know anything about the murder. “I’m more anxious than anyone to find out who did it to clean up my name,” she says.
Finally, and perhaps, not unexpectedly, there is the inevitable drugs connection:
Eight months later, in October 2015, the agents looking into Spagnoletti’s murder caught a break: A man on Puerto Rico’s most-wanted list was arrested at San Juan’s airport. He’d worked for Rivera at his janitorial company, according to two people with knowledge of the investigation.
His name is Yadiel Serrano-Canales, aka Motombo, and, according to prosecutors, he was a member of a gang that dealt cocaine and heroin in San Juan’s Villa Esperanza housing projects. In a court filing, an FBI agent described a June 2012 incident that got Motombo on the most-wanted list. Just after 1 a.m., he and a friend approached three off-duty police officers who were hanging out at a bar across from the projects. After words were exchanged, Motombo left and returned with a gun. “Put down the phone, d---sucker,” Motombo said to one of the officers. The cops pulled out their own guns; Motombo grabbed a nearby woman by her hair, using her as a human shield. “Motombo, don’t do this!” she cried. He fled, firing four times at the police officers, and escaped the island. In 2015 he arranged to return to Puerto Rico and turn himself in.
Again, pause and consider what is now connected together in this story: (1) mortgage fraud, (2) occult religion and animal sacrifice, and (3) drugs. With this, we have the grist for my high-octane speculation mill. I suspect this story is related to all the other banker deaths, and I suspect, as I suspect in those other cases, that these deaths are intimately related to that hidden system of finance that I have been arguing in various books and blogs has existed since the end of World War Two as a financing mechanism for covert operations and, more importantly, for covert research projects. As I pointed out in Covert Wars and Breakaway Civilizations, I believe this system is intimately connected to the gold-backed bearer bonds scandals that we saw emerge at about the same time period as the bailout hearings. As I noted in that book, "gold" in these hidden financial circles often meant not just the literal actual bullion, but "drugs." "Gold-backed bearer bonds" could literally thus mean "drug backed bearer bonds." As yet another mechanism of this system,. mortgage fraud and the related derivatives generated enormous hidden reserves - so long, that is, that mortgages and housing prices continued to rise. In the Doral case, we have two out of three of these elements once again present, and with many of the same deeper financial players.
So what of the occult connection? Where does this fit in, if at all? Well, continue to indulge my high octane speculations here: I have long thought, and have implied in various talks and blogs, that I suspect there is another component of this hidden system, and that is human traffic itself, for labor, sexual favors, and so on. In short, I think there is a deep connection between this system and the stories we hear occasionally of various pedophilia rings of the elites, the Saville scandal in the United Kingdom, the strange assertions made by convicted murderer Gordon Northcutt in the Wineville Chicken Coop Murders in southern California in the 1920s, that he had been put up to it by unnamed "wealthy men," the recent allegations of similar circles in Hollywood discussed by former child actor Corey Feldman, the Penn State Sandusky affair, and, most importantly...
...the Franklin Scandal. We needn't rehearse that scandal in detail, suffice it to recall only that it involved (1) a savings and loan in Omaha, (2) child sex rings, (3) alleged human sacrifice and other occult practices, (4) people high in the Republican party, and (5) similar networks and connections to similar rings in Washington DC.
Of course, all of this is nothing but speculation. But my intuition tells me that it's all connected somehow, and slowly, and surely, the stories keep coming out.
See you on the flip side...
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