➡ Bank of America is under investigation for possible money laundering, similar to previous cases involving TD Bank and Wells Fargo. The investigation also includes concerns about the bank’s handling of transactions through Zelle, a payment platform, and potential issues with fraud. The Consumer Financial Protection Bureau is pressuring the bank to improve its fraud protection measures. This situation is causing speculation about the future of the banking industry, with some predicting major upheavals.
➡ Over the past year, many Ford F-150 truck owners have expressed regret over their purchase due to power loss issues. Ford is aware of the problem and plans to furlough workers for seven weeks. Meanwhile, Aurora, a driverless semi-company, has seen its shares tumble due to software and compliance issues. Despite the economic downturn, some businesses like Chili’s restaurant chain are thriving by offering affordable menu options, while others are struggling as consumers opt for cheaper, off-brand products.
➡ Jerry, who won a large sum of money, is advised to be discreet and resourceful with his newfound wealth. Instead of waiting for the prize, he could have borrowed against it or used other assets. His public display and impatience are criticized, with warnings that such behavior can attract unwanted attention and potential harm. The text ends with a call to action for the readers to engage with the channel and look forward to upcoming announcements.

Hey it’s Dan, welcome back. You’re watching IAllegedly. Got a good one for you today because is Bank of America laundering money? Great question! Wait till you see the stories. Please like the video, please subscribe to the channel, comment, join our email list. One just went out, the link is below for you to sign up for that. Now we also have a sponsor today, Patriot Gold, and I’ll talk about them later. But to get right into it, think about this. The banks right now are under scrutiny. Bank of America announces that they had an AML investigation and they are under scrutiny for this.

Well sounds innocuous enough, it’s AML. So you have to look this up and when you look up AML for banking term it’s anti money laundering. And you know last month I did a story on TD Bank and how TD Bank was doing Scarface type money laundering where they would bring bushels of cash in and they funneled billions of dollars through their banks and got caught and got fined and got penalized. People are going to jail for that. Now when it comes to Bank of America, they’re being announced that it’s been announced that they are going to have an investigation into anti money laundering practices and what the anti money laundering practices are how they’ve handled transactions in their bank.

Well wait a second, what did they do? Well we don’t want to get into that yet. What we just want to let you know is that we’re going to be under scrutiny right now and it’s going to be very expensive for us to have to change the way that we do things with customers. This is crazy guys. Now this investigation led me down another path which was Wells Fargo. Last month with Wells Fargo they got hit with regulations that they announced in their third quarter financials that were released to the public that hey we’re under AML scrutiny right now and it’s going to be costly.

Well what this is guys is that you have to show how you’re not going out there and putting cash in that doesn’t have a proper place. You’re taking it from a business that’s not proper. What is Bank of America doing right now? So the scoundrels in the banking industry said listen when one person gets accused of something normally it sheds light on everything else. Criminal activity is that what you’re talking about? So it’s not like people were hey we sold a lot of loans so they’re going to be upset with people that sell loans.

No it’s we’re getting noticed for laundering money right now. So stories were all over the place. American Banker, Yahoo, out of South Carolina, everything. New York I mean all these great stories below Bloomberg everything. But what this covers guys is it brings up the light of day that banks know that they’re not doing something ethical. And part of this with Bank of America goes to Zelle. Zelle is a payment platform that’s instantaneous. Well where you can basically have somebody’s phone number and make a payment to them. Recently I had somebody work on a washer and dryer in the house and when I came out it’s a finish I pulled out my credit card and they said I’ll take credit cards Zelle only.

And my friend that was out the house was okay I’ve got Zelle I’ll pay him. But I’m like well how do you guys run this? Well we lost our credit card processing. Why? Well because he probably did something unscrupulous that’s why. But so she paid with Zelle it was instantaneous and the problem with it is that if there’s anything unscrupulous with Zelle which which two years ago I did story after story after story where people were were just stupid and were completely out of their minds. When people would call them and they would say listen Dan we need you to go to the bank right now and transfer money because we’re seeing fraudulent activity.

So people would then go out and transfer $13,000 via Zelle and there is no way to correct this. Now in the banking industry the Consumer Financial Protection Bureau is on Bank of America right now saying wait a second in addition to the fraud and in addition to the money laundering concern we have a concern that you guys are not helping people when it comes to the fraud with Zelle. So they’re making them go out and they’re going to make them fix this because people need a chance to be able to dispute this.

Well wait a second if something’s fraudulent and they’ve been you know hoodwinked into sending money that’s not our responsibility it’s not like you bought something on Amazon and you didn’t get it it’s not like you bought something on Amazon it was broken and it’s funny I never had to return anything through Amazon and I bought something was wrong color I was like what is this that’s crazy and my girlfriend showed me oh this is how you do it’s so simple printed the label sent it back done goodbye I don’t have to worry about it we can drop it off at Kohl’s but you’ll go spend money and buy stuff if you walk into Kohl’s so don’t do that so all these ducks are all happy out here so but the point is is that did you know that Wells Fargo was under this this this cloud of suspicion that they’re doing you know nefarious things like TD Bank did who knew that guys who knew that because I am telling you after the election all hell is going to break loose when it comes to banking you’re going to see everything get the light turned on like it’s a cockroach festival and when that happens they’re going to scatter and it’s going to be terrible but you’re going to see bad things happen the banking industry is the perfect example of that you’re going to see the banks you know have to pay the piper and when you have all this scrutiny and I just you know your snooty uppity Bank of America is the bank Greg Manarino says he thinks they’re going to go out of business when you have someone like Warren Buffett who sells almost 11 million dollars worth of their stock okay hey buddy how are you that’s crazy guys so let me know what you think about this so far but did you know this because again I would want to know if I was banking someplace like Bank of America I want to know if they’ve been accused of money laundering okay so read the stories below let me know what you think about this let’s talk about our sponsor Patriot Gold Group think about this guys with next week’s election there is one certainty and the certainty is this you’re going to see more and more people buy one thing and that is gold gold is going to be a hot commodity hotter than ever especially after the election you can be a winner because it is anticipated that it’s going to go up well above three thousand dollars an ounce the best place to do this is number one rated Patriot Gold Group contact them today you can use the link below or you can call them at 888-330-1431 they carry all different types of precious metals but the number one asset class has been gold and silver in 2024 silver is up over 40% right now don’t miss out on this contact them today one thing that you can guarantee is there’s going to be a tremendous amount of uncertainty you can fix this contact Patriot Gold today 888-330-1431 let them know that Dan from I allegedly sent you I live right by the house with all the ducks come by and see the ducks isn’t that crazy look all the ducks in this there’s so much more to cover right now think about this Elon Musk and other evening news I’m going to cover right now he wanted to give away a million dollars a day for every rally that he went to and he just encouraged you had to agree to vote and a pledge to vote with these people and he gave a million dollars a day well the state of Pennsylvania sued him so you can’t do that that’s you know to pay somebody to vote is a violation of the law so they had a court hearing yesterday and he didn’t show up well his lawyers told him not to show up because what they did was hey we moved the case to federal court so kind of a bold move kind of a lawyer move when you have rich good lawyers like that that’s a lawyer move and it’ll be interesting to see how this plays out because will the federal court take it or will they get kicked back to state court but whatever it’s going to take 30 days to decide and guess what’s going to happen next week in election so anyways we’ll see what happens with that board announces that there is such low demand for their f-150 lightning that’s the ev ford truck the f-150 i am telling you guys i i wish that these people gave me the authorization i have never had a worse product review than people that have been subscribers over the last year and a half that have bought that ford f-150 because it’s a truck’s truck man it is a man’s truck it is to tow your boat to the river it is to take your uh you know your motor home out and your trailer and go camping and then when you go up a hill and you lose 50 of the power you’re like oh my god are we going to make it it makes it horrible and they just regret it every single one of them wrote me these horrific stories about how they regretted buying that thing but ford knows that there’s a problem and there’s such low demand that they’re going to let workers take seven weeks of furlough and not make the truck for seven weeks so from mid-november to the end of the year they’re going to have that time off they’re not going to work during this time not wild to think about that so go home oh holidays oh you need money good luck you know what i mean that it’s just it’s terrible absolutely terrible aurora is the driverless semi-company that was supposed to be out by the end of the year they had a call with their finances to say that they’re having a compliance and a software problem and that’s it doesn’t work it’s what they’re telling everybody and the shares just tumbled absolutely tumbled so people have no money guys ev cars are not something that’s huge in demand right now but i am telling you this right now if you you can make a lot of money regardless of how the world is right now doesn’t make a bit of difference give you a couple of those examples if you know that people are spending less which they are now you’ve got to work your marketing and work your business into that and i’m going to use we have a for some reason a lot of therapists and and the psychologist and dr marvin these people on this platform if you know that and you can do your business without an office and having the expense of a staff and everybody like that that will save you money and then you can coordinate having just to go out and set up patients have somebody else do the you know the patient intake and fill out the information what’s your issues do you have insurance all that stuff that we have to do instead of you sitting there in the waiting room doing this if you could do that first and then schedule it all somebody has to do it like these doctors do is then fill up my calendar these are the days i want to work fill up the calendar and if you work with somebody that can do the scheduling for this i’ve seen this with hairdressers that have been successful people that do consulting even plumbers even people that do technical work because what they did what the plumber did which was brilliant hired a retired plumber that just had the gift of gab and they shortened his leash and said listen terry don’t talk to these people for for 20 minutes at a time talk to them for two to five and figure out what their problem is and figure out if you can diagnose it over the phone by your expertise and what they have and then we know what type of truck to send out to their house and it has saved them a fortune but again a down time people want to spend less so you’ve got all these companies that are announcing that they’re making less money s day louder the company that does uh you know they they do all the cosmetics and all the women’s products um you know sales are down a ton gonna let people go uh shares plunge 20 percent because they’re not making any money oh my gosh where does it end well it ends with this and that you know you’ve got a company uh a restaurant chain chilies chilies got ahead of this think about this chilies is killing it right now absolutely killing it because one thing that they did and i’m going to get these three products out is that they have a remarkable finances okay they realize that people have no money so what they did was they set up a a 1099 big smasher burger they set up a six dollar margarita and a 17 dollar triple dipper appetizer which is three appetizers and one for 17 bucks and their sales are through the roof now again knowing what their customers have and that is no money but we want you here okay now i’m telling you i went to shake shack this week a new one opened in honeyton beach california i bought two burgers and i bought my dog a hot dog and i spent 51 dollars and i was just like what and the you know fries two drinks that’s it okay and you said rosie a hot dog yeah plain hot dog cut up little treat for her but the point is that this is insane guys this is where we’re at this is nuts but chilies is killing it right now same store sales i gotta gotta open this again because it’s really good because the same store sales are up uh it’s a great number 14 for same store sales revenues are up six and a half percent so this stores sold at 14 more action sold less clearly because the dollar figures are off but they killed it with their numbers so got ahead of it and again that’s a perfect example of how you can make money right now when you have a down economy like this so more and more people need to do that because they’re not doing it you know core inflation was up last month year over year 2.7 percent they thought it was going to be 2.6 percent which is still up three tenths of one percent from a month ago but again remember full inflation is going down your you make more money you have everything is better and you have no complaints because of bidenomics remember that okay so this is this is the nonsense that we have to live because you have to be you know gas lit and told how great everything is when we know it’s not so let me know what you think about this but this is this is the lesson to be learned with all this and that is that it doesn’t make a bit of difference what’s going on in the economy okay hinds the hinds company catch-ups and cheeses and all that stuff the name brand stuff is dying right now because people don’t want to get the hinds products they don’t want to pay the premium right now they don’t have the money for that so off label brand and then when you hear stories like about the last week i talked about the waffles the frozen waffles that one company makes frozen waffles for 17 different brands and one of them is you know really high end brand why not just buy the the off brand guys save some money again look at what chilies are doing when i consult with businesses i’m telling you it’s really easy because one thing that’s easy is you have a different perspective when you walk in and you give marketing advice but when you show people just how to trim costs this is where you’re going to make money right now you can make a lot of money right now working through the tough times and that’s what people don’t want to deal with they just don’t want to cut back you know we hear about all these brand new cars and they’re up you know oh my gosh the people buying cars and they’re you know upside down by two hundred thousand dollars it’s crazy but they’re going to be begging for people to get through this this bridge appears pretty cool it’s a nice quiet park there’s another park across the street that we’ve been at a bunch of times this one’s very quiet this one they allow fishing and all these people are out here fishing there’s lots of ducks and stuff so let me know what you think so far about all this stuff but just so much is happening in the economy that’s a problem and you can still do well during this time don’t let me be the one to tell you you can’t i’m going to finish this with this final story do you play the lottery do you you know have a prize pool with people and things like that i always thought it would be great to do it with you know my audience and you know see how many people we could get into it and try that sometime but one guy jerry wanted here in orange county california two months ago the guy won 44 million dollars jerry’s not his real name and jerry’s a complete clown because what he’s done is he’s gone to the press to complain that he hasn’t gotten his money i haven’t seen his dime yet they’ve made promises and i haven’t gotten it and then when they went to the lottery office the lottery office says well we have thousands of tickets that get turned in for varying amounts and you know jerry’s ticket is going to be dealt with in the appropriate manner and time once again hell of a problem to have jerry but see here’s here’s the thing i’m telling you this right now if i had won that money i wouldn’t wait for the money i would go to a bank and i would get a loan the next day for whatever the hell i wanted okay if i was in the prize pool we would get let’s just say 25 guys we’re gonna pay it’s gonna cost us about 200 grand to get this but we’re gonna get this and you guys are all gonna get five million dollars immediately okay dan let’s do that but jerry’s a clown so jerry’s face all over the news it’s not his real name all you have to do is a reverse image search and you get the guy’s real name but what a clown i’m telling you guys stack in private be quiet don’t tell anybody you have anything you want it you want people to show up at your house people are going to show up at jerry’s house you know i’m telling you this right now people will do bad bad things if they think you have a lot of money just be quiet be quiet but be resourceful too i’m telling you people have assets in their business that you know whether it be invoices whether it be uh property tools you know hey how often do you use that backhoe uh we’ll use it you know in the summertime when we dig pools out we can you can borrow against that really yeah you can get your money of that and buy it by by lunchtime for you today be resourceful guys ask around be creative jerry could have gotten himself millions of dollars and not oh when do i get my chat i don’t care i got five million dollars i’m pissing away right now but jerry’s an imbecile so in a lot of different ways the biggest imbecile and we’ll show his picture too i’ll put that up he’s the the biggest imbeciles that he talked about this and told people about this and was whining and i i thought it would be funny if he was doing one of these news programs and the check arrived hey here here it is well you know okay they told me it’d be six weeks it’s been eight and then when they went to the lottery office maybe a little longer who cares fool anyways there’s a guy that’ll piss the money away stupidly you know buy a 900 dollar pair of socks anyways please don’t forget to hit the like button subscribe to the channel you know go buy season tickets to the yankees do something fun anyways onward and upward guys i’ll see you soon don’t forget to join our email list the link is below have a bunch of cool announcements coming out
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