Over one year ago I filed a report with the FBI and U.S. Attorney’s office regarding the on-going theft of tens of billions of dollars in the municipal bond market.
After a full year has passed, no action has been taken and the criminal activity continues.
Over this time period I have had the honor of talking with dozens of FBI field agents and they have made it clear that they have no confidence in their leadership. Using their colorful language, the field agents made it clear to me that nothing will come of my complaint because of the widespread political corruption infecting the entire Department of Justice.
I was told more than once that the rank and file officers feel that the Director of the FBI and many of the Assistant Directors are likely to “drop their pants and bend over their desks when the Attorney General or the President calls. They feel this is done in some sad, misguided attempt to preserve or enhance their positions. One field agent actual suggested the Director and his Assistants begin wearing skirts to work to save time the next time their phone rings.”
Pretty powerful and descriptive off the record feedback!
What was more disturbing to me was the conviction of the agents that in many cases it made no sense to proceed with a criminal investigation, even if the agent felt they could build a good case. The agents suggested that after all their hard work is done, the investigative findings are sent to the U.S. Attorney’s Office where it will go through a political screening to first determine if the administration will allow this specific prosecution.
If this is in fact true, it leaves the American people without any legal recourse in many cases.
I can only speak from my experience and I have been told no one will allow my complaint to be honestly prosecuted. To date, that FBI agent seems to be right.
Mr. Lawless is a career Banker and CEO of Commercial Solar Power, Inc. Mr. Lawless has been working with the SEC, the FBI, The U.S. Attorney’s Office and the Treasury Department to uncover the reasons for Puerto Rico’s $70-billion-dollar bond default.