The Justice Department’s money-laundering probe against banking giant HSBC Holdings Plc is looking at possible prosecution of individual bankers a source close to this major cross border investigation said on Thursday. Some believe that if the bank is found to have laundered dirty money HSBC could pay a record $500 million fine as the Justice Department may look to make an example of the bank. 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 one 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 directly linked to forged and falsified HSBC offshore numbered bank accounts which impulsed this huge fraud heist.
Central America buttressed by Caribbean tax haven money laundering platforms remain clear & present danger hotspots of instability stimulated by violent criminal organizations that use drug money to undermine legitimate governments. The northern triangle centered around Mexico Columbia Guatemala El Salvador and Honduras are possibly the most violent places on earth today. Trans-national white collar crime syndicate organizations involved in illegal activities including drug trafficking realize a global profit of a staggering $300 billion to $400 billion supported by a network of banking institutions including HSBC Holdings Plc who are the subject of very serious criminal allegations of money laundering racketeering and obstruction offences in the Carroll Foundation Maryland Trust National Security Public Interests Case.
In a further twist the HSBC Holdings chairman Douglas Flint continues to refuse to issue a detailed 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 chairman Lord Green who is now the UK Government’s Trade Minister is known to have had a deep personal involvement in this shocking scandal that is sweeping Wall Street and the City of London.
In a November filing with the Securities and Exchange Commission HSBC stated that it remained “the subject of ongoing inquiries, including grand jury subpoenas and other requests for information by Government Agencies including the US Attorney’s Office and the U.S. Department of Justice.”
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