Foundation X is offering £75bn to UK, no strings, says Lord James

Previous reports had it at a paltry £17bn but that’s only the first installment, says Lord James, who insists he’s not a doddering old coot who fell victim to a scam.

He’s says it can’t be tainted money because has experience money laundering cash from criminal groups and knows what the deal is. (He says the Bank of England had him clean up businesses infiltrated by the IRA)

“I’m not a money launderer, I was on the side of the angels,” he added


Did a not-obviously-insane member of the government — a corporate troubleshooter and Conservative life peer — really just stand up in the House of Lords and announce that a shadowy Foundation (that might or might not represent the Vatican) was offering the British government an investment of umpty-billion pounds in order to reboot the economy — free, gratis, with no strings attached?

Or am I just imagining the “no strings attached” clause?

The Vatican Bank is currently embroiled in a money-laundering scandal of its own, so we’re really going into the rabbit hole of conspiracy thories here, aren’t we?

(PS. I do hope the good Lord didn’t advance Foundation X a few million in advance of them sending the billions. Just saying… But clearly, he is not a nutcase.)

Epic Nigeria scams, and laundering money for the Bank of England?

From a reader, on Lord James of the House of Lords saying ‘Foundation X’ wants to give £17 billion to the UK government.

Dear Lord James:

Could you please consider helping me to relocate some huge amount of money to your country. My name is Dr. Abraham Zongo, Foreign Remittance Director of the Paying Bank of Nigeria. Our client, the oil merchant Khalifa Salem Abdulla has directed me to find worthy beneficiaries of Foundation X, of the Sovereign Wealth Fund of Abuja. Paying Bank is backed with more gold bullion than has ever been mined in the history of this world, so understandably we have no use for the amount of £17,474,369,423 strangely denominated in British pounds sterling. The President of Paying Bank of Nigeria has directed me to transfer this account to your country to be invested in three I’s recreation, hospitals, schools, and Crossrail. If you will contact me as soon as possible, I will arrange in utmost secrecy to provide a Draft Application to provide your bank account and routing information where Paying Bank will transfer £17,474,369,423 …

Yes, it rather *does* sound like a Nigerian advance fee scam, doesn’t it? But played out on a very large stage.

As the Nigerian consulate warns, Don’t be Fooled, many have lost Money; If it sounds too good to be true, then it is not true!!!

Now, back to perhaps the more interesting disclosure … did Lord James say money laundering for the Bank of England?

Lord James: I have had one of the biggest experiences in the laundering of terrorist money and funny money that anyone has had in the City. I have handled billions of pounds of terrorist money.

Baroness Hollis of Heigham: Where did it go to?

Lord James: Not into my pocket. My biggest terrorist client was the IRA and I am pleased to say that I managed to write off more than £1 billion of its money. I have also had extensive connections with north African terrorists… hasten to add that it is no good getting the police in, because I shall immediately call the Bank of England as my defence witness, given that it put me in to deal with these problems.