FDIC alleges Cross River engaged in 'unsafe' lending practices - Cross River is yet to admit nor deny the allegations that it “eng... - https://cointelegraph.com/news/fdic-alleges-cross-river-engaged-in-unsafe-lending-practices #federaldepositinsurancecorporation #crossriverbank #gillesgade #fdic

Great article by @mikeburgersburg about #Coinbase's sketchy af banking partner #CrossRiverBank goes through the Congressional accusations of #PPP / Covid relief fraud on a massive scale, the incredible #predatorylending schemes this bank is running through its partners at companies like #AFRM and #UPST, and other aspects of Cross River's "interesting" business model.

Doesn't even get into the $100 million investment from the Malaysian police inspector who "investigated" the theft of $4-5 billion in one of the greatest financial scandals of all time, #1MDB (fun fact: the movie "The Wolf Of Wall Street" was funded in large part by this massive theft from Malaysia's working people). I'll be getting into that part on my own substack next week.

Ω👇Ω
https://dirtybubblemedia.substack.com/p/cross-river-crack-up

#cryptocurrency #crypto #bitcoin #ethereum #binance #malaysia

@davidgerard unfortunately one of the banks that will test drive #FedNow is #CrossRiverBank...

so they're going to plug the biggest / most important American "crypto bank" directly into the Fed.

🚨Ω🚨

➤ #Coinbase / #Circle / #USDC bank is #CrossRiverBank

➤ In 2018 #CrossRiverBank raised $100mm in round w/head of Malaysian police #MohamadFuziHarun: https://twitter.com/Cryptadamist/status/1637705675613642752

➤ Harun oversaw "investigation" of #1MDB, one of the biggest financial frauds in history involving the looting a country by #JhoLow. This is how #TheWolfOfWallStreet was funded, btw. #PrasMichel also makes an appearance.

➤ Mohamad Fuzi bin Harun took over a company called #Inix from #WanKuokKoi AKA #BrokenTooth", a sanctioned Chinese mobster with deep ties to the government of China / Macau before stepping down 5 days later: https://www.theedgemarkets.com/article/inix-chairman-exigp-mohamad-fuzi-harun-quits-five-days-after-appointment

➤ #CrossRiverBank is ALSO under investigation for massive #PPP loan fraud

➤ Put it together: Coinbase is a money laundering enterprise for the PRC & Chinese criminal underworld funded by money stolen from Malaysia's people. Also from the #PPP loan program.

#COIN ngmi