Dug on Promontory and Promontory Financial Group popped up.
From a NYT article in 2013: "The founder, Eugene A. Ludwig, is a former comptroller of the currency and a law school friend of Bill Clinton; the latest hire, Mary L. Schapiro, ran the Securities and Exchange Commission until late last year." The author referred to the group as "Wall Street’s shadow regulator." Ludwig founded the company with Alfred H. Moses, a partner in the law firm Covington & Burling LLP.
In 2013, PMG was hired to investigate a money smuggling scandal approximating 20 million euros. Funny that the Court of Malta seized 29 million euros from the Vatican Bank/Institute for the Works of Religion in April of this year.
Now the fun part gets to PFG's relationship with a bank called Standard Chartered. From Wiki:
"In August 2015, Promontory entered into an agreement with the New York Department of Financial Services to resolve the state's allegations that it had watered down compliance reports for a UK banking client, Standard Chartered Bank. Promontory agreed to pay a $15 million penalty and abstain for six months from accepting new consulting engagements in New York."
"On 6 August 2012, the New York Department of Financial Services (DFS), led by Benjamin Lawsky, accused Standard Chartered of hiding $250 billion in transactions involving Iran, labelling it a "rogue institution". The bank was ordered to appear and defend its actions, or risk losing its license to operate in the state of New York. The DFS said it had documents showing a cover up of transactions allegedly used to fund terrorist groups in the Middle East.
On 14 August 2012, Lawsky announced that the DFS and Standard Chartered reached a settlement that allows the bank to keep its licence to operate in New York. According to the terms of the settlement, the bank agreed to pay a $340 million fine.
The bank agreed to install a monitor to oversee the bank's money laundering controls for at least two years, and appoint "permanent officials who will audit the bank's internal procedures to prevent offshore money laundering". The monitor will report directly to the DFS. Lawsky's statement said "the parties have agreed that the conduct at issue involved transactions of at least $250bn." The bank issued a statement confirming that a settlement with the DFS had been reached and that "a formal agreement containing the detailed terms of the settlement is expected to be concluded shortly.
Ties to terrorist activity in Iran? Alleged 250 billion USD and 340 million USD slap on the wrist? btw, Lawsky served under Chuck Schumer as chief counsel and then under current Gov. Cuomo as the chief of staff.
Now the question becomes, how does this all fit in? My take, is that Q may be signaling where everything is at. With POTUS and General Honeybadger wanting to admirably do everything by the book, aka Law & Order, they need evidence that would make prosecution worthwhile. Also, these deals were prior to the U1 deal and 44's cash payment(s) to Iran to fund terrorist groups. ISIS? Quds force? Both?
POTUS also mentioned 150 bln going to Iran in 2016 but none of the MSM tried to verify that info. Swept under the rug. Maybe he knew what was going on with these PFG, SC, and Iran allegations.
I also point to:
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FBI just released some HRC docs on U1
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Berman from the SDNY got the you're fired
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we know DS is on its last legs to make it to the election looking at the news cycle
So for the cherry on top? As if the Vatican, Clintons, Iran, Covington & Burling, Schumer, and Cuomo were enough?
"In February 2011, Winters founded the hedge fund Renshaw Bay. He put up half the money, with investors Jacob Rothschild and Johann Rupert putting up the balance"
WWG1WGA