The Justice Department's money-laundering probe against banking giant HSBC Holdings Plc is continuing to look at the possible prosecution of individual bankers a source close to this major cross border investigation said. The source who has direct knowledge of the probe which was disclosed last year said it is moving slowly in part because of the need for close examination for potential individual prosecutions. He did not name any targeted individuals but revealed that the Carroll Foundation Trust billion dollars offshore tax evasion money laundering case is believed to be directly connected in so far as the targeting of specific high level executives of HSBC International. These executives are understood to have incorporated fraudulent Delaware registered Carroll Global Corporation structures and falsified HSBC offshore accounts which impulsed this huge fraud heist operation which stretches the globe over a staggering sixteen years.
The Justice Department is understood to be meticulously conducting interviews with one primary objective which is to identify and prosecute any individuals within the bank for which the evidence will support such an action. Prosecuting individuals is their number one priority. The Justice Department probe is also linked to bulk cash HSBC received from money-changing firms in Mexico the source said. What is clearly known is that one of the most dangerous white collar organised crime syndicates in living memory is continuing to operate in the tax havens of Gibraltar the British Virgin Islands and Nassau Bahamas with impunity controlling the massive multi-million dollar fraudulent parallel Carroll Trust embezzled funds.
In a further twist the HSBC Holdings chairman Douglas Flint continues to refuse to issue a public statement to the world’s media hungry for an explanation surrounding these sensational criminal allegations which now confront Europe’s largest banking institution. It has emerged that the FBI files also seriously implicate the former HSBC chairman Lord Green who is now the UK Government's Trade Minister in this shocking scandal that is sweeping Wall Street and the City of London.
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Tags: HSBC Money Laundering, Money-Changing, Bulk Cash Receipts, Mexico Drug Cartels, Drug Cartels, HSBC North America, HSBC USA, Justice Department, Money Laundering Probe, Colombia, Cali Cartel, Medellín Cartel, Drug King Pins, Scar Face, Mexico Border
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