UK Parliament Member Lord James of Blackheath Alleges 15 Trillion Dollar Fraud Involving the Fed and Imaginary Gold

$15 Trillion Dollar Fraud … Or Nigerian Style Scam?

British Parliament member Lord James of Blackheath has alleged in a speech before Parliament an elaborate fraud involving the US government, lying about hundreds of thousands of tons of imaginary gold, illegal wire transfers and loans totaling $15 trillion:

We have no idea whether Lord James is onto something big … or has fallen prey to the equivalent of a Nigerian internet scam.

As the Independent notes:

The House of Lords was treated to a 10-minute speech last week by Lord James of Blackheath, from whom we have not heard much since he announced in 2010 that he was in touch with Foundation X, a “genuine and sincere” secret organisation that wanted to lend the British government £75bn.

David James was a City businessman commissioned by the Tories, in opposition, to report on ways of eliminating government waste. Last week, the 74-year-old peer was exercised about a story he has picked up that $15trn – that is $15,000,000,000,000 – belonging to “the richest man in the world”, Yohannes Riyadi, was deposited in 2009 in the Royal Bank of Scotland. Lord James said he remains baffled after a two-year pursuit of the story, but has all the information on a memory stick, which he is offering to hand over to the Government.

His documents include a letter from the Bank of Indonesia telling him the whole story is a “complete fabrication”. He took his concerns to the Treasury minister, Lord Sassoon, who said: “This is rubbish. It is far too much money. It’d stick out like a sore thumb and you can’t see it in the RBS accounts.”

And an alert Financial Times blogger said that had Lord James googled “Yohannes Riyadi”, the first item to come up would be a warning from the Federal Reserve Bank of New York that the name is part of an internet scam designed to get money from the gullible. Two agents are trying to trace who is behind it. Perhaps Lord James should offer his memory stick.

Update: The Fed has been warning for years that “Yohannes Riyadi” is a scam:

Scam Involving Yohannes Riyadi and/or Wilfredo Saurin
November 2007

The Federal Reserve is aware of a fraudulent scam involving individuals using the names Yohannes Riyadi and/or Wilfredo Saurin, or persons claiming to be representatives of these two men. In a typical version of this scam, Mr. Riyadi and/or his delegates falsely claim that they have on deposit with the Federal Reserve Bank of New York several U.S. Treasury Checks issued to Mr. Riyadi amounting to billions of dollars.

The Federal Reserve Bank of New York has been contacted by several brokers and financial institutions worldwide inquiring about the validity of this fraudulent account documentation, which is being offered as collateral for lines of credit or other types of asset based financing. The fraudulent scheme includes multiple documents which purport to have the signatures of various Federal Reserve officials, including Chairman Ben Bernanke.

In some instances, individuals involved in this fraudulent scheme claim to have met with Federal Reserve officials and claim to have verified that the alleged account is in order. We have also learned that the fraud may include the purchase of certain documents by the introducing brokers.

If you have information regarding this fraud please contact either Robert Amenta, Special Investigator at the Federal Reserve Bank of New York, or Erik Rosenblatt, Senior Special Agent at the Department of Homeland Security, Immigration and Customs Enforcement.

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  • peter pakos

    rumours are circulating around that he is dead!

  • He is not, Wikipedia has changed their page, no apology was issued. What’s interesting to note is that the good man stated that the New York Federal Reserve Bank was not recognized by the House of Lords as a legitamite federal reserve bank. The only federal reserve bank recognized as legit by the Britts is in Washington DC. What’s up with that?

  • I’ve run into the same problem as this author. I’ve contacted 8 congressmen, the FBI, the Secret Service, 5 different independent news agencies, and written three times and still no documents have been released to me.

    If there are SWIFT Wire Transfers for $15 Trillion Dollars, as Lord James says, then this is a major scam to cripple Europe and America with 300% inflation. This is a Declaration of War that would cause a world wide depression that would dwarf the first great depression. see

    There are only $9.2 Trillion US Dollars printed, and circulating, in the entire world. It’s absurd for a “Foreign Owned and Operated Federal Reserve Bank of New York” to claim they have $15 Trillion US Dollars in their vaults to SWIFT Wire out of the US. This Fake $15 Trillion US Dollars was immediately SWIFT wired out of US Jurisdiction of the FBI and the Secret Service, to foreign governments and foreign banks. see

    So as this author asks, WHERE ARE THE DOCUMENTS PROVING ANY OF THIS? Lord James claim’s over 4,000 Documents exist on 1.04 Gig Thumb Drive and that he gave one to every member of the House of Lords (sort of like the Americans Senate).


    As Lord James said, this is one big scam, the question is WHO IS BEING SCAMMED BY THIS “ORGANIZED CRIME SYNDICATE”. Is Lord James making all this up? Is Ryiadi making all this up? He obviously did not have the gold or the $30 Trillion in his accounts.

    Is it a counterfeiting scam to cause 300% inflation in the US and Europe? As long as Europe and Americans pretend this money is real, we will have 300% inflation by tripling the US Total Money Supply from $9.2 Trillion Dollars to $25.3 Trillion dollars. That means $3 US Dollar are now out there bidding on that one gallon of milk when yesterday there was only $1 US Dollar bidding on that gallon of milk. That causes 300% inflation in Europe and America and is a Declaration of War, on both Europe and America, by an “Organized Crime Syndicate”.

    If these documents really exist I will be glad to make them all into public domain at My email is at the site. Then millions of news agencies and internet viewers can download them and research them at their leisure and see for themselves, without fear of one of the “Organized Crime Syndicates” claiming they own the copyrights to these documents.

    • Brighteyes

      The documents, or quite a few of them are on the internet if you do a real search. Even proven true, and like the rest of the Fed Res BS, most likely the information IS true, then all involved need be arrested and taken to a town square and let the good people who are suffering under these pigs hands deal with them like they used to. Start with Ben B. “Refuses to tell the American Public where the hell the so-called Banker’s Bailout Money went to and whom.” Additionally, all those in the Bush regime on down need to be asked about this, and the people in the Bank of Indonesia, the Bank of Scotland, and HSBC.

      It’s way past time to round all the crooks up who are living high the hell on the hog while the rest of the people are losing every damn thing they thought they owned. Bravo to this man and all the other’s working behind the scenes trying to do something, and shame on Homeland Security and the CIA and all those involved in way too damn many get rich quick deals for themselves by robbing everyone else. We the people say drag their sorry asses in, now!

  • factnotrhetoric

    This is an obvious scam. There are only $9.2 Trillion Dollars ever printed and circulating around the world.

    As long as Europe pretends this money is real, America Faces 300% inflation. When you increase the Total US Money Supply from $9.2 Trillion up to $25.3 Trillion, then you will cause 300% inflation.

    In plain terms, there are now $3 dollars bidding on that one gallon of milk instead of $1 Dollar.

  • amy brown

    I personally am tired of the accusations the Fed throws out to divert attention from their behavior. They are the ones that had complete charge of the world wide economy to be realistic and instead of behaving in the proper manner as required, they throw out a garbled bunch of crap on the Internet saying there are fraudulent postings on the Internet. That may be true, but lets get down to the basics – Lord James was concerned since he has SIGNED PAPERS signed not only by Greenspan and Geitner but by each bank manager who received the money. Do you honestly think all those 22 bank signatures are forged along with Geitner and Greenspan? Seriously? Instead of taking the word from a group who are known to be anything but honest and transparent, lets withhold judgement and truly investigate. This is exactly how the 9-11 fiasco happened – the govt expected the public would believe all the nonsense they put out about who did what and of course the usual murders followed for anyone who was a threat. We are a mafia run country now and so who would not expect the money makers to help themselves like everyone else in power?

  • willaim

    This story is beginning to resurface he was right there is no Gold at the fed and it is a 15 trillion fraud because there is no gold as deposits to back up the paper money. the fed warning against the Individual well the Fed is the biggest liar on the planet so they cant be trusted any more than foundation x.