Sunshine State Bank organization
also: Sunshine
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Related entities (most co-mentioned)
Robert Corsonperson · 17Leonard Paluloperson · 9Tony Fernandezperson · 5Stephen Samosperson · 4People's Savings and Loanorganization · 3Gerald Lewisperson · 3Willie Falconperson · 2Jack DeVoeperson · 2Royale Group Limitedorganization · 2Banco de Iberia Americaorganization · 2Atlantic Cityplace · 1Ron Martinperson · 1Philadelphiaplace · 1FDICorganization · 1Texascountry · 1Marvin Warnerperson · 1Howard Garyperson · 1Sal Vinciniperson · 1Lazaro Alboperson · 1Maurice Ferreperson · 1Fernando Burbauerperson · 1Theodore Kleinperson · 1Joseph Kleinperson · 1Kavanaugh Communities Corporationorganization · 1
Claims (8)
Robert Corson founded
Sunshine State Bank documented
“based on questions about his banking experience. Finally, in mid-1978, Corona won permission to buy Sunshine State Bank in Miami. As a down payment, Samos wired him $1.15 million from Fernando's bank account from Panama, Banco de Iberia, Am…”
▶ The Colonel's Corner The Mafia, CIA & George Bush Part 20 @ 15:33
People's Savings and Loan financed_via
Sunshine State Bank documented
“By February of 84, People's Savings and Loan wired almost $3 million to Sunshine State Bank. At that time, there was no documentation for the loan at People's. There was no loan closing statement. There was no recorded mortgage. There was n…”
▶ The Colonel's Corner The Mafia, CIA & George Bush Part 20 @ 33:22
Robert Corson headed
Sunshine State Bank host_asserted
“Ray Corona, former head of a mafia bank called Sunshine State Bank in Miami, which he fronted for drug smugglers, convicted felons.…”
▶ Colonels Corner_ Mafia, CIA & GHWB Part 1 @ 27:17
Gerald Lewis covered_up
Sunshine State Bank documented
“And a big borrower was Lazaro Albo, the right-hand man of the former Miami mayor, Maurice Ferre. But the politician who most helped Coronas was Florida Comptroller Gerald Lewis, whose office continually frustrated the efforts of the FDIC to…”
▶ The Colonel's Corner The Mafia, CIA & George Bush Part 20 @ 16:59
Sunshine State Bank laundered_money_for
Willie Falcon documented
“And although Fernandez apparently never used Sunshine to launder his drug profits, Falcon did, according to the assistant U.S. prosecutor and an attorney who represented Sunshine State Bank. Other Miami attorneys who keeps turning up is The…”
▶ The Colonel's Corner The Mafia, CIA & George Bush Part 20 @ 19:31
Leonard Palulo financed_via
Sunshine State Bank documented
“And his companies and relatives were borrowing from Sunshine State Bank to the tune of $15 million, making them the single largest borrower at the bank. He was also a director of King Crown Corporation, who owned about 6% of Sunshine. All t…”
▶ The Colonel's Corner The Mafia, CIA & George Bush Part 20 @ 28:26
Frank Castro financed_via
Sunshine State Bank documented
“The U.S. government hadn't technically declared a war against Nicaragua. They had just conducted one for years. In announcing the indictment, Assistant U.S. Attorney Mark Snap said that Castro financed the 60-man training camp near Naples. …”
▶ The Colonel's Corner The Mafia, CIA & George Bush Part 20 @ 7:26
Mafia secretly_owned
Sunshine State Bank host_asserted
“Ray Corona, former head of a mafia bank called Sunshine State Bank in Miami, which he fronted for drug smugglers, convicted felons.…”
▶ Colonels Corner_ Mafia, CIA & GHWB Part 1 @ 27:17
Mentions (22)
▶ 27:17
That was controlled by the mafia, Herman Beebe. He helped charter West Belt National Bank, where Mike Atkinson took out lots of loans and was a stockholder. Ray Corona, former head of a mafia bank called Sunshine State Bank in Miami, which …
▶ 33:48
Tony Fernandez, a narcotics trafficker and CIA contract agent, because they just go together. And Ray Corona, a money launderer by Sunshine State Bank in Miami. How do you buy a state bank when you're a drug trafficker and a money launderin…
▶ 34:17
They were caught in the mid-1980s and Samos turned state evidence against Corona while receiving immunity from prosecution for admitting to money laundering drug money. Corona got a $3 million loan in 84 from People's Savings and Loan in Te…
▶ 36:50
after Corona went to jail, related to Oliver North. A Southern Air vice president then flew to Panama to meet Samos and set up ACE. ACE bank accounts for the Contra operation was at Banco de Iberia America, a Panamanian bank principally own…
▶ 15:33
based on questions about his banking experience. Finally, in mid-1978, Corona won permission to buy Sunshine State Bank in Miami. As a down payment, Samos wired him $1.15 million from Fernando's bank account from Panama, Banco de Iberia, Am…
▶ 16:00
turned more than $1 million in cash over to Corona to consummate the deal. After Fernandez was indicted and then kidnapped to Colombia, he sold his shares in Sunshine to Corona, putting the Coronas in full control of the bank by the middle …
▶ 16:29
for loans that they were making. Like many of the crooked savings and loan owners, Corona cultivated politicians. One of Sunshine's directors was Howard Gary, the Miami city manager, who borrowed $95,000 from the bank to buy two apartment b…
▶ 16:59
And a big borrower was Lazaro Albo, the right-hand man of the former Miami mayor, Maurice Ferre. But the politician who most helped Coronas was Florida Comptroller Gerald Lewis, whose office continually frustrated the efforts of the FDIC to…
▶ 18:00
So Gerald Lewis is Florida's comptroller. His cousin was in the failed banking industry whose bank was being used to money launder. And he impeded the investigation into Sunshine Bank because it was money laundering as well and owned by maf…
▶ 19:00
while hooked on the drug and then lied on his gun dealer form. In 86, he was convicted of illegally purchasing the guns while addicted to cocaine. Corona may have gotten his cocaine from Willie Falcon, the drug smuggler and partner of Jack …
▶ 19:31
And although Fernandez apparently never used Sunshine to launder his drug profits, Falcon did, according to the assistant U.S. prosecutor and an attorney who represented Sunshine State Bank. Other Miami attorneys who keeps turning up is The…
▶ 19:58
represented Rafael Corona, Ray's father, in racketeering and money laundering trials. Something else was going on at Sunshine besides high rolling, fast living, drug smuggling, money laundering, and questionable lending, political bankrolli…
▶ 21:48
After Corona took over Sunshine Bank, he put Joseph Klein's wife on his board and began to do business with Royale Group Limited. That was the successor company to Klein's Kavanaugh Communities Incorporation. And its new CEO was Leonard Pal…
▶ 26:14
due to technicalities. Before he was jailed on contempt charges, Palula was already dodging a couple of bullets regarding banks and savings and loan fraud. He was the vice president of Dominion Bank in Denver when it failed. Although he was…
▶ 28:26
And his companies and relatives were borrowing from Sunshine State Bank to the tune of $15 million, making them the single largest borrower at the bank. He was also a director of King Crown Corporation, who owned about 6% of Sunshine. All t…
▶ 28:51
Also, long after Sunshine Bank was closed and Ray Corona went to jail, one of the Coronas was found working for Palulo. Needless to say, all of Palulo's loans from Sunshine became delinquent. So he sold Don Pedro Island off the west coast o…
▶ 29:48
The comptroller guy that blocked the investigation into this nefarious shit several years before. Even after the deal, Polulo again defaulted on his loans, this time in late 85. The bank was on his last legs. So what did it do? It hired two…
▶ 30:18
and in addition, issue $15 million in bank stock to Royale, which they're also associated with. The bank regulators halted this transaction, pointing out that it would basically wipe out any personal guarantees of which Palulo was on the ho…
▶ 31:50
That's where Polulo steps in. By that time, Sunshine State Bank had been closed for two years and Ray Corona was in jail on his 20-year term. After Tony Fernandez and Steve Samos testified against him, for which Samos got immunity from pros…
▶ 32:21
In the summer of 86, the Coronas and Palulo had fought a hard, protracted battle with the feds to keep it open. The first real trouble occurred in 83 after federal bank examiners found that Sunshine had a high probability of failure and dec…
▶ 32:51
So he saved it. To bolster the bank's capital and keep it alive, Ray Corona bought the land that the bank headquarters was on and some of the surrounding property, including tracts that Palulo had sold to the bank for a profit of $160,000. …
▶ 33:22
By February of 84, People's Savings and Loan wired almost $3 million to Sunshine State Bank. At that time, there was no documentation for the loan at People's. There was no loan closing statement. There was no recorded mortgage. There was n…