1.) After being a victim of fraud. AMAREL started looking into additional fraud and regulatory wrongdoing.
2.) Some of AMAREL's discoveries regarding vulnerabilities include:
a.) A method to DDOS the NASDAQ stock exchange;
b.) A method to exploit and render useless the ACH money transfer system;
c.) Multiple methods to manipulate stock and money transfer systems, often abusing exploits in the ACH systems, DRIP purchasing programs, poor bank security, and a significant number of 'open directories' were entire private cloud storage systems are accessible with a publicly searchable website address;
d.) Numerous other methods and systems of gross negligence, insufficient design, or purposeful dis-engineering by banking and financial systems.
3.) AMAREL also discovered fraud in a number of sectors including:
a.) Indexed universal life insurance;
b.) Identity theft insurance products;
c.) International investment products;
d.) Immigration investment policies and industries world wide.;
e.) Document forgery groups creating fake passports, green cards, and immigration documentation;
f.) Massive money laundering systems that are entirely tolerated by regulators;
g.) Numerous ponzi schemes and affinity fraud scams;
h.) Fraud within banks and willful violations of the law, such as some banks using a system to warn high net worth individuals about how to 'structure' their transfers to avoid their own AML systems;
i.) Rampant violations of the AML/BSA laws by banks, lawyers, and industry players - including known methods for sanctioned individuals to get money in and out of the US - using US banks. Totally bypassing the OFAC through un-individualized number only bank accounts;
j.) Significant violations of the customer protection rule, where banks routinely transfer client funds to undesignated slush fund accounts in order to boost their reserves and conduct proprietary trading with customer funds;
k.) Rampant and willfull violations of tax law, including billions in unreported income and millions in unpaid fines and fees.
l.) Significant undisclosed conflicts of interest within the financial industry that have placed tens of billions of dollars at risk through aggressive and deceptive marketing practices.
m.) Methods to manipulate large indexes and the purchase price of investment via DRIP programs giving banks a win-win situation with all the risk transfered to customers.
n.) Numerous other instances involving illegal sales of securities, embezzlemet, tax evasion, and incompetent financial regulators.
4.) The companies that have been caught doing illegal actions include:
a.) HSBC (purposefully getting around OFAC sanctions lists);
b.) East West Bank (purposefully instructing customers on how to 'structure' large wire transfers to go under the radar of their audomated AML systems);
c.) JP Morgan, Morgan Stanley, and HSBC in coordination placing customer funds in unmarketed proprietary accounts in violation of the customer safeguards rule;
d.) Bank Of America (purposefully having poor ACH security that can readily be abused);
e.) Scottrade (failing to abide by the AML/BSA rules and readily being used to launder fund or manipulate markets);
f.) Capital One, Wells Fargo, most major banks (lying to customers by telling them that they would have access to the Identity Theft Assistance Center aka ITAC but refusing to provide such service because it did not exist;
g.) JJW Consultancy, San Francisco Regional Center, Joseph Walsh, and numerous others who have abused foriegn investment programs.
h.) Hundreds of other companies in thousands of complaints sent to the IRS, CFPB, OCC, and SEC.
5.) AMAREL has given mirriors of his drive to various individauls and posted in on the deep web allowing anybody with access to not only review the material but continue the work if desired.