Comment: Wow! BNY Mellon and State Street Banks stealing from customers!

(See in situ)


Wow! BNY Mellon and State Street Banks stealing from customers!

Harry M. Markopolos, Financial Fraud Investigator & Author of “No One Would Listen” has decades of fraud evidence. The specific fraud stated in the lawsuits of three US states is: foreign exchange rates charged pension funds, etc. where not actual rates for the exchange made.

  • Each exchange rate charged was the daily worst. Every day for decades.
  • That is the banks charged their own customers the worst foreign exchange rate that occurred each day. Not the actual rate of exchange @ buy/sell time.

Very easy evidence to present. Just match trade time stamps & show that the exchange rate charged was amiss. The banks chose the daily worst for their customers, each day.

Do other banks do this too? Mr M has witnesses & answers that question.

Does Mr M have recommendations for you about avoiding foreign exchange fraud & related mischief? Yes. Please listen toward the end about of the interview mentioning the 3% foreign exchange fee that most banks charge travelers; yet, 2 American Express cards don't.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul