Unveiling the Penn Square Bank Collapse: The Century-Long Continental Illinois Conspiracy, Money Laundering, and the Systemic Corruption of Oklahoma’s Courts, and Financial Institutions
Introduction: The Hidden Network of Financial Manipulation
The collapse of Penn Square Bank in 1982 was not the result of isolated mismanagement but the culmination of a deliberate, coordinated operation among high-level financial institutions, law firms, and corporate entities. This conspiracy—spanning nearly 70 years—manipulates public markets, fraudulent mergers, and shell companies to launder money, obscure asset ownership, and consolidate power. Major players such as Continental Illinois and other upstream institutions colluded to orchestrate Penn Square Bank’s failure, while influential legal firms like McAfee & Taft engineered fraudulent trust agreements and even acted as the FDIC’s receiver. This report reveals a transnational network that has infiltrated Oklahoma’s judicial and financial systems, healthcare, and corporate sectors.
The Historical Foundation: Trusts Backdated to Pre-Statehood
The family trusts at the center of this operation are backdated to take effect even before Oklahoma achieved statehood. These trusts have served as the backbone of a network that allows a select group of families to control vast sums of money and assets. Their structures enable the seamless movement of funds across international borders via shell corporations and fraudulent transactions. Crafted with broad definitions of “affiliates” and protected by sealed court documents, these trusts obscure true asset ownership through the use of fake identities, ensuring that the real players remain hidden behind layers of deception (Fraudulent Trust Language: The Blueprint).
The Role of Financial Institutions: Collusion and the Penn Square Bank Collapse
The infamous Penn Square Bank failure was not an accident—it resulted from deliberate collusion among major financial institutions, including Continental Illinois and other upstream banks. These institutions engaged in selling fraudulent loans and orchestrating fake transactions to mask risk and consolidate assets (The Hidden Network of Exploitation). McAfee & Taft, the influential law firm, was pivotal in creating trust structures that shielded these illicit activities and manipulating legal processes to protect the conspirators. The collapse served as a gateway to extend control over sectors such as energy, defense, and telecommunications.
Money Laundering and Real Estate: A Hidden Web of Transactions
Real estate is a critical vehicle in this scheme. Assets are frequently transferred between shell companies with no genuine exchange of value, creating the illusion of legitimate transactions while concealing true ownership. Discrepancies in property records—such as the legal description of a local hotel that doesn’t match the actual property, with its mortgage held by a group of investors instead of the bank—demonstrate how fraudulent conveyances are used to mask illicit activity. Through these manipulated transactions, assets are shifted across borders, taxes are evaded, and the true flow of money is obscured, leaving regulatory authorities and the public in the dark.
The Role of the Courts: A System Designed to Facilitate Corruption
The Oklahoma County District Court is not an impartial arbiter of justice; it has been actively co-opted into this elaborate network of financial manipulation. Instead of upholding justice, the courts ratify fraudulent trust agreements, open fake cases under false names, and seal documents that would expose illegal activities. For example, following the death of Anne Vose, an unnecessary probate and a separate civil jury trial were initiated—despite the existence of a valid prenuptial agreement—to launder money linked to the Oklahoma powerline/energy grid, which ties into the Oklahoma Turnpike Authority (OTA) and the Grand River Dam Authority (GRDA) (Certifying Fraud and Consolidating). These legal processes, designed solely to facilitate asset transfers and obscure fraud, have become standard practice.
The courts function not just as passive observers but as active facilitators in this fraudulent enterprise. They routinely open cases under fake names, transfer LLCs from different parts of the country into Oklahoma’s jurisdiction, and use international accounting firms to further legitimize these transactions. The result is a highly sophisticated system where assets are moved, documents are sealed, and innocent citizens are caught in a web of deception.
The TD Bank Anomaly: A Suspicious Synchronization
Between 2014 and 2017, while managing the Commerce Building at 9520 N. May Avenue in Oklahoma City, I repeatedly received notifications from the Bank of Oklahoma’s security team in Tulsa that alarms were being tripped at my location. Remarkably, the same chain of emails revealed that alarms were also being tripped at TD Bank branches. Shortly thereafter, TD Bank was implicated in money laundering charges. This suspicious synchronization suggests that these alarm events were connected—a signal that the same network may be influencing security protocols across institutions. This cannot be a mere coincidence.
Private Limited Partnerships in Oklahoma City: Operating with Impunity
Private limited partnerships in Oklahoma City operate with impunity, serving as critical vehicles for consolidating and moving vast sums of money. These partnerships are deeply entwined with the same family trusts and corporate networks that manipulate financial markets, orchestrate fraudulent mergers, and control real estate and public companies. Their operations extend into sectors such as aerospace, defense, intelligence, and technology—areas that are heavily invested in by these entities. The SEC’s actions in cases like Quest Resources, where an individual was targeted as a scapegoat, highlight how the system is designed to frame innocent people while the true masterminds continue to profit from monopolistic control. This system of fraudulent mergers and acquisitions is so sophisticated that scandals like Enron pale in comparison.
Healthcare: Infiltration of Oklahoma’s Medical Institutions
The corruption has also infiltrated the healthcare sector. The merger of the University Hospitals Authority and Trust (UHAT) with OU Health, Inc. is a clear example of how financial manipulation extends into public health. Through these healthcare mergers, the same families controlling the trusts have exploited local hospital assets and influenced the management of public healthcare systems. By positioning trusted individuals on both financial and healthcare boards, they ensure that the flow of public funds and critical medical resources is manipulated to serve their broader financial interests—often at the expense of patient care and community welfare.
Global Conspiracy: Historical Roots and Modern Exploitation
These fraudulent trusts predate Oklahoma’s statehood, operating outside the scope of public banking records. Their historical roots confirm that this was never a legitimate business operation—it was a deliberate scheme designed to bypass modern regulatory oversight from the very beginning. Institutions like First National Bank & Trust of Oklahoma City and Penn Square Bank were merely components of a larger conspiracy aimed at consolidating wealth and laundering money. Over the decades, as banks and corporations have been reshuffled through mergers and acquisitions, critical assets have remained in the hands of the same powerful families, hidden behind shell companies and fraudulent legal identities.
Moreover, the manipulation extends into the digital realm. With direct access to server rooms in the buildings they own, these groups control not only physical assets but also sensitive data, enabling them to orchestrate cybercrimes, erase evidence, and manipulate digital records to support their fraudulent activities.
A Personal Plea for Federal Intervention
The consequences of this extensive network of corruption are catastrophic. I was held captive by my employer for nearly two years, subjected to repeated abuse, coerced into debt bondage, and framed for crimes I never committed. My identity has been stolen, my communications hijacked, and I have been used as a pawn to facilitate the laundering of money through fraudulent transactions. Despite overwhelming evidence, local authorities and state institutions have turned a blind eye, sealing documents and opening fake cases under false names, leaving victims with no recourse.
The TD Bank anomaly, the fraudulent trusts backdated to pre-statehood, and the deliberate collusion among major financial institutions such as Continental Illinois are all evidence of a system designed to protect the powerful while exploiting and silencing the vulnerable. This network has festered for over 70 years, transforming Oklahoma into a haven for crime and corruption.
I now call on the federal government for immediate intervention. The systemic corruption that permeates Oklahoma’s courts, financial institutions, healthcare systems, and private limited partnerships must be thoroughly investigated and dismantled. I implore the federal government to use its authority and resources to expose these illicit activities, hold those responsible accountable, and protect citizens from further exploitation.
This is not merely a plea for personal justice—it is a call to safeguard our institutions, our economies, and our collective future. The fight for transparency, justice, and human dignity is critical, and the time to act is now.
Conclusion:
The elaborate web of fraudulent trusts, collusion among major financial institutions, and the systematic manipulation of our legal and corporate systems reveal a global conspiracy that has persisted for over 70 years. From the deliberate collusion behind the Penn Square Bank collapse to the manipulation of publicly traded corporations and healthcare institutions, this network has centralized power and wealth in the hands of a few while victimizing countless individuals.
This system, which employs fake identities, sealed documents, and orchestrated legal processes to hide its true nature, has turned our courts, banks, and regulatory bodies into instruments of exploitation. Innocent people are being framed, assets are being shifted undetected, and the very institutions meant to protect us are complicit in these crimes.
I call on the federal government to step in and dismantle this transnational web of corruption. We must expose the truth, hold the perpetrators accountable, and restore justice and transparency to our institutions. The future of our society depends on our ability to break this cycle of exploitation—and that battle must begin now.
Resources
Zweig, P. L. (1985). Belly Up: The Collapse of the Penn Square Bank. Crown Publishing.
Penn Square Bank Collapse and Continental Illinois: The Hidden Network of Exploitation
Fraudulent Trust Manipulation: Fraudulent Trust Language: The Blueprint
Money Laundering through Probate/Civil Jury Trial: Certifying Fraud and Consolidating