International Corruption

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International Corruption

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Andorra, a tiny, independent country situated between France and Spain in the Pyrenees
mountains with a total population of 80,000 people found itself at the center of one of the most
convoluted and outrageous bank robberies in modern history: on March 10, 2015, Banca
Privada d’Andorra (BPA), a private bank in Andorra, was shut down by Spanish, American, and
Andorran governments in Spain’s efforts to destroy the Catalonian Independence Movement
thus leaving dozens of innocent civilians facing prison for money laundering crimes that never
existed, and scores of innocent families have had their entire life savings stolen from them.
The incentive for the Spanish government to destroy BPA was part of Spain’s ongoing
“Operation Catalonia”—a covert state-sponsored war-like operation to undermine the progress
of Catalonia’s efforts to separate from Spain due to generations of humanitarian and economic
repression Madrid has inflicted upon Catalonia. America’s incentive was to protect Spain’s
interests, as an ally of the United States. Andorra’s incentive appears to be purely economical
on behalf of its leadership.
BPA was targeted due to the assumption that members of the top Catalonian leadership
(President Jordi Pujol, President Artur Mas, and Vice President Oriol Junqueras) had their
money stored at BPA. Spanish Police were of the opinion that destroying the bank accounts of
the Catalonian leadership would help win their war against Catalonia.
A little known fact presented in THE ANDORRA HUSTLE: America’s FinCEN (US Department
of Treasury’s Financial Crimes Enforcement Network) has the power to shut down any bank in
the world with a single press release called a “Section 311” - part of the USA Patriot Act—
without requiring any evidence of wrongdoing, under the guise of “protecting the world’s
financial system”. Spanish Police presented fake evidence of money laundering to America’s
FinCEN, resulting in America issuing a “Section 311” against BPA. In the weeks following, the
American private equity firm J.C. Flowers purchased the newly destroyed BPA at an 86%
discount—precisely verbatim as Spain warned would happen to BPA.
Most mainstream news reporting on the closing of BPA have reported that BPA was shut down
due to money laundering activity concerning the Sinaloa Drug Cartel, the Venezuelan
government, and Russian and Chinese mafias. This documentary examines these money
laundering charges in a forensic fashion, proving that BPA was categorically innocent of these
crimes. THE ANDORRA HUSTLE gives the audience a well-researched narrative that
contradicts all mainstream news coverage of these events.

WBAI Radio Interview with Leonard Lopate and Director Eric Merola.

—WBAI, New York City September 9, 2020

Listen to the interview with Director, Eric Merola as he discusses The Andorra Hustle Movie.

Eric Merola quickly highlights some of the important elements of the dynamics, institutions, and players and the "cherry picking" of the evidence regarding the depositors in the Andorran Banks and the unequal application of the various laws among the various Andorran Banks themselves.

The Sound Cloud Link to listen to the interview.

https://soundcloud.com/leonard-lopate/eric-merola-on-his-documentary-the-andorra-hustle?utm_source=clipboard&utm_campaign=wtshare&utm_medium=widget&utm_content=https%253A%252F%252Fsoundcloud.com%252Fleonard-lopate%252Feric-merola-on-his-documentary-the-andorra-hustle

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Created 2 years, 10 months ago.

1 video

Category Business & Finance

International Corruption showcases stories and documentaries detailing corruption across the globe in the nexus where governments, international banking and finance meet. We are concerned with the stories which clearly illustrate the human costs to individuals and their families who become entrapped by a maelstrom of governments, their institutions and international banking. Here we tell their stories and witness the inevitable toll exacted on their assets, lives and freedom.