Thursday, September 15, 2016
HSBC case blows lid off Clintons' offshore empire
Jerome R. Corsi
NEW YORK – The arrest of the head of global foreign exchange cash trading at HSBC bank may shed new light on suspicions the Clinton Foundation has been involved in illegal offshore money-laundering operations on a massive scale.
The investigation into HSBC currency trader Mark Johnson and associate Stuart Scott for their alleged role in a “conspiracy to rig currency benchmarks” by front-running customer orders has escalated to the point where the Department of Justice is threatening to tear up a 2012 agreement to fine HSBC a historic $1.9 billion for money-laundering violations in lieu of criminal prosecutions.
At issue is whether or not HSBC has honored the 2012 deferred-prosecution agreement in which the bank agreed to establish internal review procedures to catch and punish potentially criminal activities by employees.
The bank’s failure to discipline the two currency traders will make it difficult for HSBC to convince law-enforcement authorities that the massive Hong Kong-headquartered bank has complied with the 2012 agreement.
An internal investigation in 2013 cleared them of any wrongdoing regarding a $3.5 billion currency trade that U.S. prosecutors now believe was criminally fraudulent.
HSBC money trail leads to Clintons WND broke open the HSBC money-laundering case with a series of articles beginning in February 2012. More than 1,000 pages of customer records and secret audio recordings brought to WND by whistleblower John Cruz, a former HSBC employee, showed HSBC employees in Long Island were stealing the Social Security numbers of former bank depositors to create bogus “pass-through” accounts used to launder hundreds of millions of dollars for criminal enterprises such as Mexican drug cartels and Islamic terrorists.
Read more at.... http://mobile.wnd.com/2016/09/hsbc-case-blows-lid-on-clintons-offshore-empire/