FBI aware of Mikey and Angela Arroyo's "suspicious transactions"
April 13, 2011 • 5 Comments
By Raissa Robles
"The Federal Bureau of Investigation is aware of the suspicious transactions" of the power couple, Congressman Mikey Arroyo and his cousin-wife Angela Montenegro-Arroyo, a US expert on anti-money laundering and financial transactions confirmed to me last night.
My source for this is James Triguero, the same one whom ABS-CBN reporter Nadia Trinidad interviewed lengthily on the same subject yesterday.
James Triguero is also the person whom Ellen Tordesillas and I referred to as "Jay" in previous posts on Mikey Arroyo's unexplained wealth.
I asked James why he has come out openly on this issue. His explanation triggered the following question:
Does Congressman Mikey Arroyo have a Green Card or US citizenship? Can one be a member of Philippine Congress even if you have a Green Card?
James became my FB friend a year ago. He is very knowledgeable on finance and auditing because that is his field. Between 1991 and 1997, he worked in the Defense Finance and Accounting Service of the US Air Force. After that until the present, he became a security broker, for which he had to take the required yearly training against Anti-Money Laundering. He is also at present a financial advisor at Ameripise Financial.
Why has James taken the trouble to voice his opinions on such a politically hot subject? Because James has become "Filipinized" without even living in Manila. He is married to Ivy Nieva (Good for you, Ivy) and is actively involved with the Filipino-American Chamber of Commerce of Santa Clara County.
He's also upset that Congressman Mikey acquired two property loans from IndyMac Bank, which collapsed in 2008 due to unsafe mortgage lending practices. The collapse affected many average Americans. CNN called it "the largest bank collapse since 1984."
FBI and the Arroyos
I did not quite understand why a countrywide agency like the FBI could be interested in such a small transaction as that of Congressman Mikey. Meaning, small in dollar terms if you compare it to the ones involving jailed, ex-stock broker and financial advisor Bernie Madoff.
I said "could" because the FBI may well decide this is just too small potatoes for them and simply drop it .
Here's how James explained it to me.
Based on James' scrutiny of available state records on the Arroyo property, he said Congressman Mikey bought the US$1.32 million beach property at 1655 Beach Park Blvd. in Foster City CA in this manner.
Congressman Mikey paid a 20% downpayment of US$264,000
He drew two mortgages on the property from IndyMac Bank -
$858,000 as first mortgage,
then $198,000 as second mortgage
James said that although the property records do not list Congressman Mikey anywhere as the initial owner, he is pretty sure Congressman Mikey was because of a notation on the real estate record of that property in 2006. It named "Angela Montenegro" as the owner via "interspousal transfer."
Angela Montenegro-Arroyo
In 2006, Angela was already much married to Congressman Mikey and even had an offspring together. So why would a property in the US be recorded by the couple under her maiden name "Montenegro"?
James suspects this is a way to skirt the US Patriot Act.
Whoa, there. Nobody ever said this power couple were terrorists. What do they have to do with the US Patriot Act that was enacted following the 2001 World Trade Center bombing in New York?
James pointed to Sub-section 3 of the US Patriot Act, requiring private banks "to conduct enhanced scrutiny" of any private bank account connected to "a senior foreign political figure" or his or her immediate family member or close associate.
James explained to me:
"The US has regulations in place now to make it difficult to bring corruption proceeds here as (Ferdinand) Marcos did. Any time you open a bank account here, you are asked if you are a foreign government official or related to one. Those accounts require Enhanced Due Diligence procedures and verifiable "sources of wealth" or the account can't be opened.
Lying about that is a crime and transferring the house to "Angela Montenegro" and later to Beachway LLC was an attempt to bypass these requirements that apply to "Senior Foreign Political Figures.". I am sure they answered "no" to those questions when the Beachway bank account was opened. They originally tried to sell the house. Angela could've had a bank account to deposit the title company check into, even though she was the daughter-in-law of the President of the Philippines and wife of a congressman at that time.
Here's the pertinent portion of Sub-Section 3, Section 312 of the US Patriot Act that James is referring to:
(3) MINIMUM STANDARDS FOR PRIVATE BANKING ACCOUNTS-.....READ MORE (CLICK LINK)
http://raissarobles.com/2011/04/13/fbi-aware-of-mikey-and-angela-arroyos-susp...
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TV5 CAUGHT IN THE ACT - NOYNOY AQUINO, MANNY VILLAR, DICK GORDON - DOKUMENTADOby pinaswatcher58,332 views
dapat s mga pamilyang arroyo tanggalan ng ulo kc mga bulok ang utak!!!! magnakaw ang nasa isip nila!!!!
fairybeautina 2 months ago
Atty. Rondain....magkano b binayad sa yo?....ciguro ang yaman mo na rin....naintindihan kita bilang abogado nila....pero paalala lang po...meron pong KARMA!!!!!!!...samantalahin po ninyo ang pagkakataon!!!!
schnell5 2 months ago
KAPAL ng mukha ng animal na yan!!!!!!Dpat sa mga tulad nian TINATANGAL sa lipunan!!!!!!
JosephGibblet13 2 months ago
TANGALIN sa lipunan yang mga animal na yan!!!!!!
JosephGibblet13 2 months ago
TR1510 IKAW ANG GAGO YUNG YAMAN NG MGA ESTRADA HINDI NAKAW YON KILA ARROYO NAKAW TALAGA KUNG HINDI KA BOBO MALALAMAN MO SA HISTORY TANGA BAKIT IKAW BA ANG TAGA DILA NG BAYAG NI ARROYO HAHHAHAHAHA SUMAMAKANALNG KAY ARROYO SA MUGSHOT SISIKAT KAPA HAHAHHAHAAH
13ificationfunny 3 months ago
Damn Mikey Arroyo is Imelda Marcos with Balls.
dinfg6 3 months ago
MGA GAGO TALAGA ITONG MGA NAGHAHABOL NA ITO SA MGA YAMAN NG MGA PULITIKO,
. HOY BAKIT HINDI NYO GINAWA IYAN KINA ESTRADA AT JINGGOY?
TR1510 3 months ago
kinanginamo kang atty ka, wal ka ng ginawa kundi magtanggol ng mga manadaraya. swangit ng mga Arroyos, kakasuka mga itsura,kasingbaho ng mga ugali nila.
dash050519 3 months ago
sobra na kau.....
koopz747 3 months ago
tang ina mo arroyo,magnanakaw ka lalong naghirap ang mga mahihirap sa pinas.dapat sayo shoot to kill na!
TheElsieronald 3 months ago