Another U.S. bank Ferdinand Marcos bought to launder funds was Redwood Bank in San Francisco. Dewey Dee admitted he & Rolando Gapud were dummies of Marcos in buying the Bank breaking U.S. Federal Laws. PCGG recovered and sold Marcos’ shares in the bank for $6.8 million in 1999. Chicago Tribune March 23, 1986 article MARCOS… Continue reading In 1980, Marcos Used Cronies to buy Redwood Bank in SF to Launder Stolen Money From Philippine Government