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.
WND reported in February 2015 Cruz told Senate Judiciary Committee staff preparing for the Loretta Lynch confirmation hearings that he considered the $1.9 billion fine DOJ imposed on HSBC in 2012 in lieu of criminal prosecution “a joke.” Cruz argued that a $1.9 billion fine of an international bank the size of HSBC amounted to no more than “a few days operating profit.” He described it as “a cost of doing business” once HSBC had decided to launder money for international criminals.
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After the HSBC currency traders were arrested, WND conducted an investigation of the bank’s connections to the Clinton Foundation, uncovering a massive offshore financial network involving tens of thousands of transactions that extend far beyond HSBC.
The transactions surfaced in database searches of leaked offshore banking documents.
On Feb. 10, 2015, the London Guardian reported $81 million from seven wealthy international donors flowed to the Clinton Foundation through controversial Swiss tax-free HSBC accounts maintained in Geneva, as revealed by leaked HSBC files obtained by French newspaper Le Monde.
The evidence has been passed to the International Consortium of Investigative Journalists, the Guardian, BBC Panorama and more than 50 other media outlets around the world.
Breitbart reported in April that key Clinton financial partners, including Canadian mining executive Frank Giustra and the Chagoury family of Nigeria, made use of the controversial Panama-based law firm Mossack Fonseca to move assets around the world.
Breitbart noted Giustra is one of the Clinton Foundation’s largest contributors, donating more than $25 million, while the Chagoury family in Nigeria has committed $1 billion to the Clinton Global Initiative.
This led WND to begin an extensive investigation into the major leak of offshore banking documents, known as the “Panama Papers,” a giant leak of more than 11.5 million financial and legal records from the files of the Mossack Fonseca law firm that was archived by the International Consortium of Investigative Journalists.
The Panama Papers database contains information on some 214,000 offshore entities connected to people in more than 200 countries and territories. It reveals major financial institutions, including HSBC, involved in the creation of hard-to-trace companies in offshore havens that form a complex international network involved in tax evasion and money-laundering schemes.
In a series of searches of the ICIJ Panama Paper’s database of leaked documents, WND has uncovered tens of thousands of transactions that surface for Bill Clinton under his own name as well as for various shell companies he has created using his initials, WJC.
Searches of the names Hillary Clinton and Chelsea Clinton uncovered tens of thousands of additional offshore transactions via offshore investment companies established for both.
Additionally, tens of thousands of offshore transactions are recorded in searches for the Clinton Foundation and its various subsidiaries, including the Clinton Global Initiative and the Clinton Health Access Initiative.
The surfaced transactions tied to the Clinton family begin to appear in 1989 and extend through 2015, when the ICIJ database of Panama Papers offshore leaks was published.
Transactions linked to the Clinton Global Initiative have occurred in countries such as Panama, the British Virgin Islands, the Cayman Islands, British Anguilla, the Bahamas, Switzerland, Hong Kong, the United Kingdom, the Isle of Man, Liechtenstein, Guernsey, Jersey, Malta, Luxembourg, Monaco, Gibraltar, Russia, Ukraine, Estonia, Lithuania, Latvia, Turkey, Cyprus, France, Belgium, Italy, Canada, China, Taiwan, United Arab Emirates, Jordan, Lebanon, Egypt, Israel, Singapore, Thailand, Mauritius, Ecuador, Guatemala, Uruguay, Dominican Republic, Brazil, Colombia, Chile, Samoa and Vanuatu, as well as various “undisclosed” and “undetermined” locations.
Read more at http://www.wnd.com/2016/09/hsbc-case-blows-lid-on-clintons-offshore-empire/#KaMZbIdvSuZbKycX.99