Posted on 07/11/2016 11:42:01 PM PDT by Ray76
The banking giant HSBC "knowingly" provided support to four of Mexico's most notorious drug cartels by laundering their money and providing material support to terrorists, according to a new lawsuit filed by four families.
The papers filed in U.S. District Court in Brownsville, Texas, on Tuesday say that laundering drug money made it possible for the cartels to operate.
"HSBC's substantial and systemic money laundering support materially aided the activities of the Mexican cartels, including the Sinaoloa, Juárez, and Los Zetas cartels," court documents read.
(Excerpt) Read more at latino.foxnews.com ...
HSBC stands for the Hong Kong and Shanghai Banking Corporation.
There will be a fine since a corporation is a person who does not really exist to go to jail.
What a shame.
They are helping destabilise mexico so they can buy more of it....staging area imo...
Doesn’t surprise me one bit.
http://www.hsbc.com/news-and-insight/2013/former-us-deputy-attorney-general-joins-hsbc-board
“HSBC stands for the Hong Kong and Shanghai Banking Corporation.”
Yes but when I lived in Hong Kong some of the locals said it stood for “Holy Shit Batman, Criminals!”
Indeed, a fine. Same as in the Wells Fargo case. It doesn’t upset the bankers, and the Feds get their cut of the Drug trade.
Dear therapsid,
re:
“They are helping destabilise mexico so they can buy more of it....staging area imo...”
Unlike the morons in Washington, D.C., the Chinese have been following the plans laid down in the last millenium.
Once again, the Obama Washington beltway brats play checkers, while the Chinese look like Boris Spassky.
Oh, and in case you forgot, the Clintons sold the San Diego naval facility to the Chinese a long time ago.
Comey turns out to have lots of interesting antecedents.
Mr. niteowl77
The Chinese. Figures. Not surprised. In Mexico too. So glad we got us a govt that’s got our backs.
Surely not James ‘Straight-Shooter’ Comey! /s
Comey came in just after Lynch let them skate.
The big families in America are profiting, doubt much is done.
And don’t you know the Bush crime family is probably in deep too. Ole Yeb will have some ‘splainin’ to do.
Awful, just awful.
I have a question that I hope someone can answer.
How does legalizing pot help or hurt this underbelly activity?
The argument I hear all the time is that legalizing it will end this kind of collusion. True?
There’s another story on FR stating that FBI Director Comey is a member of the board of HSBC. How convenient!
Guess this is why we still haven’t won the War on Drugs, started in 1971.
HSBC established the Financial System Vulnerabilities Committee Jan 20, 2013
Jim Comey, appointed a Director with effect from 4 March 2013
//
James Brien Comey, Jr. (52), former United States Deputy Attorney General, has been appointed a Director of HSBC Holdings plc with effect from 4 March 2013. He will be an independent non-executive Director and a member of the Financial System Vulnerabilities Committee.
Mr. Comey’s appointment will be for an initial three-year term which, subject to re-election by shareholders, will expire at the conclusion of the 2016 Annual General Meeting.
http://www.hsbc.com/news-and-insight/2013/former-us-deputy-attorney-general-joins-hsbc-board
//
(2013) James B Comey, Jr., an independent non-executive Director, has resigned from the Board with effect from Sept. 4, following his confirmation by the U.S. Senate as the next Director of the Federal Bureau of Investigation.
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