Posted on 07/23/2012 7:21:53 PM PDT by wto8585
As U.S. senators digest a sharply critical committee report confirming massive international money laundering by global banking giant HSBC, the Internal Revenue Service is acknowledging receipt of a whistleblower claim from a former employee of the bank who presented 1,000 pages of evidence to WND six months ago, after local and federal authorities ignored him.
A series of WND stories, reported evidence collected by John Cruz, a former vice president for HSBC who documented hundreds of millions of dollars in suspicious transactions pulled from a bank computer system. Cruz was terminated in 2010, for poor performance, he contends he was let go because senior management didnt want to him to pursue his personal investigation.
In a letter to Cruz, the supervisor of the IRS whistleblower office in Ogden, Utah, acknowledged the agency is evaluating Cruzs claim to determine whether an investigation is warranted.
The agents, according to Cruz, were overwhelmed with the volume and detail of the information, calling it mind-boggling.
Meanwhile, a Senate report released last week presents evidence HSBC abetted massive money laundering by Iran, terrorist organizations, drug cartels and organized criminals throughout the world. The report said HSBC transferred $19 billion for Iran and $7 billion in physical cash for Mexico.
WNDs series of articles on HSBC has caused fallout for WND senior reporter Jerome Corsi and for WND.
Reuters recently reported transactions linked to Hamas.
They told me that if the information on the computer disk and in the audio files was as I represented, the IRS agents were talking about arresting HSBC bank employees, Cruz said.
Cruz has expressed his frustration with federal law enforcement.
Its a circle, I turn over the information to law enforcement, and law enforcement gives the information right back to the bank for their own internal investigation.
(Excerpt) Read more at wnd.com ...
I find the incessant self-promotion within WND articles distracting and unprofessional. They are more interested in tooting their own horn over getting a scoop than the actual story itself.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.