The Silent Banker:
"Bancredito Vs Corruption"
350 Suspicious Activity Reports were filed by Natalia I. Zequeira Díaz, OCIF Commissioner, against Bancredito !!
They found nothing credible!
Special Feature | 10:22 GMT | 01 May 2023
Julio M Herrera Velutini is an Italian banker and an eighth-generation member of the influential Herrera-Velutini banking dynasty.
A fearless billionaire who has always fought corruption and abuse of power is now on a mission to expand his family's banking empire by penetrating global markets that no one dared to tap into.
Natalia I. Zequeira Díaz, OCIF Commissioner, created the illusion of distrust over Bancredito’s operations, and ensured that the ‘audit’ continued for three years. Not once, did anyone question her intentions.
Bancrédito was also not allowed to shift its operations to Florida, despite multiple requests since 2020. After 3 years and over 350 SARS (Suspicious Activity Report System) later, OCIF and their commissioner could only justify 32 SARS.
It didn’t come as a surprise for the Bancredito to eventually discover that the Puerto Rican regulators sent examiners and other questionable people to Bancredito, for no apparent reason but to record private and confidential conversations among the members of the Board of Directors and the Executive Committee.
Natalia too, had recorded conversations with the top executives at Bancredito, on behalf of the FBI.
Obscuring or embellishing the truth of a situation with misleading or irrelevant information with an intent to profit from outcome.
Louis Feliciano from FBI Puerto Rico and Nick Cannon from DOJ Puerto Rico got promoted and landed jobs in Washington. The FBI secretly recorded everyone at Bancredito and investigated their directors for years, yet they too found nothing.
Their last attempt however, was to fabricate a new investigation, but this time, it would be controversial and politically motivated.
The entire investigation revolved around a survey that was conducted by C|T Group to analyse the political, economical and social report on the island of Puerto Rico. It was initially meant for the top brass at Bancredito, but it was also freely distributed to friends, investors and even to the Trump administration, lawmakers in Washington and the inner circle within the intelligence community.
The United States Government has been aware of the existence of this document since April 2020.
C|T Group, the London-based opinion research firm chaired by Sir Lynton Crosby AO, the Senior Advisor to the UK Government, among others, and Eugene Curley who was ex-director of MI6.
C|T Group has worked in the United States previously and is very close to the Senate, and also the intelligence agencies in America.
C|T Group had worked with Boris Johnson. The former Prime Minister of the United Kingdom was born in America and shares a very close relationship with the Republicans and with Mr Trump.
The Corrupt Officials started losing their grip on the Case.
They didn’t know how highly connected Mr Julio Herrera Velutini was.
While a case was being fabricated in Puerto Rico, Julio Herrera Velutini was talking to Washington and the intelligence community in mainland America.
What many didn’t know, was that Mr Herrera’s mother is an American, born in New York City, and a loyal Republican donor and a member of the Republican National Committee. Their family is highly connected and they are pulling strings to bring the truth to light.
Mr Julio’s brothers, his daughter, and his grandson are also American Citizens. The family has invested highly in the United States, and this makes Mr Herrera Velutini more of an American well-wisher, than anyone involved in this case.
The Classified Information Procedures Act motion and the files being classified are really about Mr Herrera helping the United States at times of need. Mark Rossini, an advisor for Bancrédito, was only hired to open doors within the intelligence community. Mr Rossini is a former FBI agent who is on contract with Mr Julio Herrera Velutini since 2019.
Government officials are now afraid that if Mark Rossini divulges the truth about Mr Herrera, a lot of things will go wrong for the current government, and that is why it is a matter of interest for the NSA.
Ryan Crosswall and Nick Canon in the DOJ are afraid that the truth will come out soon, and their case against Herrera Velutini will not hold true; ultimately losing their present jobs in mainland America.
Half the government officials in Puerto Rico are afraid that Mr Herrera Velutini knows too much, and that he would use that information against them in court.
Carlos S and Maria Dominguez
The examination of Bancredito by OCIF continued on for the third year, but they found nothing, and that was when Carlos S approached Bancredito via Maria Dominguez, who is also a lawyer of the Bank.
Carlos J.Sagardia is a lawyer/litigator, who often called himself “Government Affairs Consultant”. He presented himself to the Directors at Bancredito as someone who could “help them find solutions to the issues the bank was facing with an audit by OCIF”- the bank regulatory body in Puerto Rico.
Bancredito was under audit by OCIF for over three years, and Carlos had managed to convince the Directors at Bancredito that he will provide a solution to everything.
The bank’s owner, Julio Herrera Velutini, who was in Europe at the time, was informed by Bancredito that a lawyer named Carlos would be helping the bank to finally put an end to an otherwise unjust and undue examination.
Mr. Herrera was however unaware that Carlos would later ask Joseph Fuentes for help. What ensued was a window dressing for the Federal Bureau of Investigation to frame a case that brought down two of Puerto Rico’s most influential people.
Joseph Fuentes Fernandez, who called himself as a representative of Governor Pierluisi, was in fact acting at the direction of the FBI.
According to the indictment, Joseph who is now a witness, was acting at the direction of the FBI during this timeframe and not actually serving as an intermediary of, or acting on behalf of, Public Official Pierluisi.
Carlos and his team proposed a contract of USD $300,000
Mr Julio Herrera Velutini, the Chairman of Bancredito at the time, agreed to the contract but under the condition that the payment be split, wherein, 50% of the invoice will be paid only after the desired milestones and results are achieved, owing to multiple failed attempts by other law firms that have been trying to do the same for many years.
Frances Diaz and Joseph Fuentes
There is nothing illegal about hiring a law firm. What Mr Julio Herrera Velutini didn’t know, was that Joseph Fuentes was included in the ‘package’ and started recording Frances Diaz of Bancredito, and other people in the Bank.
Joseph Fuentes Fernandez was a secret operative of the FBI, and he did everything possible to convince Frances to pay him a sum of Fifty Thousand Dollars to solve this without letting anyone else know, including Carlos Sagadria
Since Frances had authorisation from Bancredito to transact up to USD. 100,000, she secretly hired Fuentes.
The recording, in which she can be heard repeating “Julio and the BOD should not know”, was one of the key pieces of evidence that verified the fact that Julio Herrera Velutini was absolutely unaware that Fuentes would be getting involved. Even Carlos S was not told about this.
Later, Maria Dominguez became the lawyer of Frances Diaz in 2022, and Frances pleads guilty to conspiring, but she never mentioned whom she conspired with, what, how, or why!
Frances Diaz was later forced to embezzle funds from Bancredito, about USD 250,000 to pay Maria Dominguez in 2021, after she learned that her boyfriend (Blakeman) was under investigation by the FBI.
Maria Dominguez helped Carlos S and Joseph Fuentes to infiltrate Bancredito, ultimately bringing in the FBI and in return, making a profit of USD. 250,000 for herself. Her greed ruined the life of Frances Diaz and destroyed a bank that spent 14 years rebuilding Puerto Rico.
Over a hundred employees lost their jobs.
Ariel Acosta and his personal vendetta against Bancrédito started sometime in 2015, and three years later Ariel tried to change the outcome of an audit on Bancredito and shut down the Bank. It was K Padro who intervened and rejected Ariel’s claims and condemned his actions.
Ariel would later call his friends at FINCEN and the FBI with a plan to fabricate a case against Bancredito and make money in the process.
Let’s not forget that Wanda Vázquez Garced is a hardcore Republican, and is affectionately known as “Trump’s Girl” in Puerto Rico.
Wanda got arrested on 4th August 2022, and 8 months later, Trump gets arrested on the 4 of April in Manhattan. There is a political battle in the shadows.
Pedro Pierluisi, a Democrat, and the current Governor, along with his brother-in-law, Andrés Guillemard, who is a Representative of the Democratic Party in Puerto Rico, have received their orders from Washington to fabricate cases against anyone who doesn’t agree with them.
Pierluisi wants another four years, but it is certain that he will do enough damage to destroy Puerto Rico from the inside. He, and his sister Caridad, will continue to use the FBI in Puerto Rico as their personal headhunters to bring down anyone who dared to question their political motives. This is what happened with Wanda Vazquez and Herrera Velutini.
The current Government also cancelled a USD $26 Million contract with DLA Piper, the law firm representing Mr Herrera Velutini.
FARA (Foreign Agents Registration Act -1938) requires certain agents of foreign principals who are engaged in political activities or other activities specified under the statute to make periodic public disclosure of their relationship with the foreign principal, as well as activities, receipts and disbursements in support of those activities.
Robert Stryk represents the interests of the Herrera-Velutini family since 2021 and still represents Julio Herrera Velutini on behalf of the intelligence agencies.
To most, it is obvious that the investigation of Julio Herrera Velutini is just another distraction.
One of a literally hundred cases that were launched by either the federal authorities, or the inept local authorities against "corruption" – all of which appear to be part of a political campaign to deflect attention from bad governance, political instability, corruption, and fiscal bankruptcy that has beset Puerto Rico.
Wanda Vázquez, a former governor of Puerto Rico, was arrested by the F.B.I. on charging her in a bribery scheme that was allegedly aimed at financing her failed 2020 gubernatorial campaign, the Justice Department said. She was charged with conspiracy, federal programs bribery, and honest services wire fraud, and could face up to 20 years in prison, if convicted.
Ms. Vázquez, 62, was arrested at her home after a grand jury indicted her. It marks the first time that a former leader of the island faces federal charges. The is the latest among literally dozens of cases to hit the island with a long history of corruption, and also one that brought fresh political upheaval to the U.S. territory.
Vázquez's consultant, identified as John Blakeman, and Mark Rossini, the former FBI agent who provided consulting services to Vasquez, allegedly promised to financially support Vázquez's 2020 campaign for governor. Authorities said Vázquez accepted a 47-page political survey done by political consultants which cost about $300,000, according to the U.S. Department of Justice.
Through his company JMB Consulting, political consultant John Blakeman. has been a regular donor to key candidates new progressive party (PNP) from 2011 to the present. During that period, he contributed $19,463 to the election campaigns of the PNP’s candidates, among them, the former Senator President. Thomas Rivera Darling ($6,303) and former governor ricardo rossello ($3,800). In 2020, he backed Vazquez Garced with $2,800.
The former governor, and the former federal agent were each charged with conspiracy, federal programs bribery, and honest services wire fraud, and could face up to 20 years in prison if convicted, U.S. Attorney for the District of Puerto Rico Stephen Muldrow said.
According to authorities, someone close to Vázquez, later identified as Fahd Gaffar, a business man based in Puerto Rico, introduced Rossini to Vázquez, when she wished to get "the guy from the FBI" to help her with her campaign.
Fahd Gaffar and Mark Rossini later introduced Ms. Vazquez to the reputed banker Julio M. Herrera Velutini — an Italian billionaire who has been mired in regulatory problems in Puerto Rico. Mr. Herrera, 50, owns Bancrédito, an international bank that faced scrutiny from Puerto Rico regulators after it was alleged that his bank had violated regulations relating to an incident where the bank had a shortage of directors on its board, after the resignation of a director earlier this year. According to the authorities, this introduction helped Bancrédito to get 60 days to appoint a director.
According to the Department of Justice, Mr. Herrera had paid for a 47-page political survey done by political consultants working on the governor’s campaign. Ms. Vázquez, who was running for a new term at the time, wanted someone to foot the bill, said the United States Attorney for Puerto Rico, adding that Mr. Herrera then had to pay the political action committee on behalf of Ms. Vázquez.
Although the money was used to hire political consultants Crosby Textor, who also work for the Conservative Party in the United Kingdom, it still accounted as bribery. One of the Puerto Rico teams is now working for the Liz Truss leadership campaign – although there’s no suggestion she or anyone at Crosby Textor knew anything about the alleged incident in Puerto Rico.
Julio Herrera Velutini – who denies any of the allegations – had also given half a million pounds to the Conservative Party via his London-based financial services group Britannia Financial, which has not been accused of any wrongdoing.
A Conservative Party spokesperson told us that “donations to the Conservative Party are properly and transparently declared to the Electoral Commission, openly published by them and comply fully with the law.”
Luis Delgado, a lawyer for Mr. Herrera, said his client denied the allegations detailed in the indictment.
“They were false. There were no campaign contributions as they allege,” Mr. Delgado said. “We look forward to addressing them in a court of law.”
“The bank continues to operate normally and to work closely and collaboratively with the Puerto Rico and federal banking authorities,” Gregorio D’Andrea, the chief operating officer, said in a statement.
Mark T. Rossini, who served as a consultant to Ms. Vasquez is accused of facilitating the arrangement with the political action committee, the Justice Department said.
Mr. Rossini, 60, is a former F.B.I. supervisory agent who, before the Sept. 11 attacks, was assigned to a C.I.A. task force investigating Al Qaeda, but was criminally charged for illegally running unauthorised searches on a government computer. After pleading guilty to those charges, he paid a fine and served community service and a year of probation.
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