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Peter Schiff: Solvent bank was shut down under claims of insolvency

Peter Schiff: Solvent bank was shut down under claims of insolvency
Schiff claims bank closure was unjustified

Peter Schiff alleges that his bank was shut down four years and five months ago despite being completely solvent, under the pretense of critical insolvency.

According to Schiff, internal IRS emails obtained through a FOIA lawsuit indicate that corrupt IRS agents conspired with a corrupt Puerto Rican OCIF commissioner to facilitate the closure.

Schiff has previously commented on regulatory actions against major banks, referencing the $1.2 billion fine issued to Bank of America for anti-money-laundering violations. He has also discussed commodity trends, noting when gold traded just under $4,000 and identified buying opportunities. These prior remarks reflect his ongoing engagement with financial regulatory developments and market movements.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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