HSBC Under Investigation For Money Laundering?

Things are not looking good for HSBC bank.  A former employee in New York has 1,000 pages of account records he claims are evidence of an international money-laundering scheme involving hundreds of billions of dollars.  HSBC is reportedly under investigation by a US Senate committee.

John Cruz delivered the customer account records to WND that he says he pulled from the HSBC computer system (uh-oh, I do believe that this may constitute a crime as well) before he was fired after two years at the bank, for “poor performance”.  John claims that he was let go because he insisted on pursuing a personal investigation.  Apparently the police were not interested.

The scheme purportedly involved moving money from accounts belonging to fake and real businesses opened in current and previous customer names that the customers were not aware of.  Businesses doing thousands of dollars of business annually were transfering millions of dollars through these accounts.  Oh I hope this turns out to be something else.  John is writing a book about it.  We really don’t need another banking scandal right now…

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