Exposed: 13 Major Banks Colluded With Government to Spy on MAGA Supporters

Republicans in Congress are intensifying their scrutiny of major banks, probing allegations of collusion with federal agencies in the surveillance of Americans following the January 6 protests. According to a report in the Daily Mail, more than ten banks are under investigation for their role in a witch hunt against Trump supporters, targeting “extremism” indicators [via Daily Mail]:

Bank of America, Chase, U.S. Bank, Wells Fargo, Citi Bank and Truist were already being targeted in the probe looking to expose how the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) and the FBI worked together.

Now, DailyMail.com can first reveal that seven other financial firms are also under investigation for ties to an FBI and FinCEN plot to spy on Americans’ private banking transactions without first obtaining a warrant.

Charles Schwab, HSBC, MUFG, PayPal, Santander, Standard Chartered and Western Union have all been asked to turn over documents and communications with FinCEN and the FBI to the committee, according to letters exclusively obtained by DailyMail.com.

The investigation, led by the House Select Subcommittee on the Weaponization of the Federal Government, is shedding light on the cooperation between financial institutions and government agencies, particularly the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) and the FBI. Initial reports from Fox News revealed that federal investigators requested banks to monitor customer transactions using terms like “MAGA” and “Trump,” with purchases of Bibles flagged as signs of extremism.

While major banks such as Bank of America, Chase, and Wells Fargo were already under scrutiny, DailyMail.com has disclosed that seven additional financial firms, including Charles Schwab, HSBC, and PayPal, are now part of the investigation. Letters obtained by the publication indicate that these banks have been asked to provide documents and communications related to their collaboration with FinCEN and the FBI.

The inquiry has sparked concerns among lawmakers and privacy advocates about the erosion of civil liberties and the misuse of financial data for surveillance purposes. House Republicans, led by Rep. Jim Jordan (R-OH), have raised alarms over the weaponization of financial information, warning against the casting of routine transactions and political expressions as indicators of extremism.

This collusion reveals a troubling trend of overreach by government agencies and corporate entities, with serious implications for individual privacy and constitutional rights.