Alpha Capital Holdings, Inc. - Helping Hold Those Accountable for Unethical Banking Practices

The links between the financial institutions in America, and those of Middle Eastern states have raised many questions over the past two decades. What is already regarded as a murky world, gets even murkier when we hear accusations that American banks may have been directly or indirectly involved in funding certain parties in the middle East with intentions of using the money for terrorist attacks. It becomes a difficult task for government institutions to follow the thread to how terrorists get funded, and through which banking channels they use. However, the Supreme Court of America has called to question many acts of questionable banking practices associated with terrorist acts in recent times.

Jack Bloom, principle of Alpha Capital Holdings, one of the biggest investment banking firms operating in the US today, was called as a banking expert in an international banking case before the United States Supreme Court. In this particular case, a bank was found to have funded 3,000 acts of terrorism by paying the families of the suicide bombers. The bank had been convicted of these acts based on clear evidence such as receipts and other transaction papers.

The victims of the attacks had not been able to receive compensation because lower Courts held that International Law of the Nations (although it does cover human trafficking and genocide by dictators), does not cover corporate acts such as those done by the bank in this case. As part of the case, Jack Bloom and the associate experts are seeking to overturn these rulings and recover compensation for the victims families from the bank.

It has been a great honor for both Jack Bloom and Alpha Capital to be selected as experts in this case, and use their expertise to help convict what can only be seen as despicable banking practices. Whilst the world of finance is renown for being murky on many levels, with the companies more interested in making financial profit rather than following any particular ethical code, cases such as this still highlight how far the corporations are willing to go. These acts are not only un-patriotic, but directly helping fund terrorist acts which cause so much pain and suffering throughout the world. With experts like Jack Bloom helping aid the Supreme Court in exposing such acts, we can hope that in the future financial institutions will be more wary of contributing to such circles.