Quote:

The global banking giant HSBC is a “criminal” operation, charges a former officer for the company’s southern New York region in a video interview with WND.

John Cruz, a former vice president and relationship manager, has turned over to WND more than 1,000 pages of documents, including customer account ledgers for dozens of companies through which, he charges, the financial institution was laundering money each month.

Quote:

Cruz charges that the 1,000 pages of customer account records suggest HSBC relied on identity theft to capture legitimate Social Security numbers that were then used to create the bogus retail and commercial bank accounts through which employees systematically deposited and withdrew hundreds of millions of dollars on a daily basis, apparently without the knowledge of the identity theft victims.

Quote:

Cruz told WND he recorded meetings he conducted with HSBC management and bank security personnel in which he charges various bank managers were engaging in criminal acts.

“I have hours upon hours of voice recordings, ranging from bank tellers, to business representatives, to managers, to executives,” he said. “The whole system is designed to be a culture of fraud to make it look like it’s a legalized system. But it’s not.”

Quote:

Cruz explained that even when he let bank managers know he was taping the conversation, the managers were not interested in what he was saying.

some juicy stuff here

Juicy isn't quite the word I'd use...

as in, there is a nice juicy steak (instead of a nothing burger)

-- i would hope that John Cruz has the smarts to share the unredacted files with a large number of trusted confidents. and stays away from hot tubs.

But remember, NOBODY COMMITTED ANY CRIMES!

Wow!!

"But evil men and seducers shall wax worse and worse, deceiving and being deceived" 2 Tim 3:13

"Billy, If GOD does not come soon and bring judgement apon the United States, HE will have to apologize to Sodom and Gomorrah!" Attributed to Ruth Graham Circa 1965!!

I guess they put the "shanghai" in Hong Kong Shanghai Banking Corporation.

WND will never get a Pulitzer. It would give credence to their stories that Obama's birth certificates were fake.

It looks like WND blogged about this (with the documents) back in February. See http://www.wnd.com/2012/02/see-big-bank-...., http://www.wnd.com/2012/02/paypal-americ.... and http://www.wnd.com/2012/02/banking-giant.... for starters. What's taking so long with the HSBC investigation?

I wonder how long it will take for this to disappear? When I think of all the outrageous things these bankster/criminals have been doing - often in plain sight - right "out front" of the "keeping them honest" MSM it makes me squirm.

Just how much more is it going to take to reach a tipping point? And, when it is reached will it become chaotic? It seems so.

Just Tragic. It really is "just us", for no "justice" is to be found.

its a very, very interesting allegation.

For individuals, transfers above $10,000 (or a series of transactions just below $10,000) are required to be reported by banks for anti-money laundering purposes. For corporates i would assume that this rule doesnt apply (as it cannot apply...these types of transactions occur all the time). So it makes some sense that shell companies would be set up for money laundering purposes and to avoid AML reporting requirements.

The types of transactions that he is showing, which are transactions occurring in large regular amounts that are immediately moved on, should be prima facie evidence for a bank to investigate. In fact these are the exact types of transactions that a bank's AML investigation systems would pick up. If its true that they actually ignored it then there could be something major here on the money laundering side.

The other side of it, that HSBC are creating false loans through identity fraud, is obviously a major allegation.

I'll be watching this one closely...

A few $mn in fines, no admission of guilt or wrongdoing and no time for any bank officer.

Senior executives, of course, secure huge bonuses.

There's your result.

You can't get a Pulitzer for telling the truth against TPTB and TBTF.....

Does anyone remember the English government official blathering about someone laundering 10 or 15 trillion dollars a few months ago?

It seems the higher echelons of the US and West are really nothing more than an elite criminal syndicate printing, looting and laundering like wild men. This is the only explanation for the complete lack of interest in any prosecution of rampant fraud and abuse.

But they are so blatant about it, I get the feeling they know the fuse has been lit, so may as well abscond with what you can, while you can.

Ah, here it is.

http://theintelhub.com/2012/02/19/lord-j....

Quote:

Lord James of Blackheath: Mystery 15 Trillion Dollars Transferred to HSBC For Royal Bank of Scotland Connected to JP Morgan and Federal Reserve

Lord James of Blackheath: My Lords, I hope the minute that that has taken has not come off my time. I do not wish noble Lords to get too encouraged when I start with my conclusions but I will not sit down when I have made them. I will then give the evidence to support them and, I hope, present the reasons why I want support for an official inquiry into the mischief I shall unfold this afternoon. I have been engaged in pursuit of this issue for nearly two years and I am no further forward in getting to the truth.

There are three possible conclusions which may come from it. First, there may have been a massive piece of money-laundering committed by a major Government who should know better. Effectively, it undermined the integrity of a British bank, the Royal Bank of Scotland, in doing so. The second possibility is that a major American department has an agency which has gone rogue on it because it has been wound up and has created a structure out of which it is seeking to get at least €50 billion as a pay-off. The third possibility is that this is an extraordinarily elaborate fraud, which has not been carried out, but which has been prepared to provide a threat to one Government or more if they do not make a pay-off. These three possibilities need an urgent review.

In April and May 2009, the situation started with the alleged transfer of $5 trillion to HSBC in the United Kingdom. Seven days later, another $5 trillion came to HSBC and three weeks later another $5 trillion. A total of $15 trillion is alleged to have been passed into the hands of HSBC for onward transit to the Royal Bank of Scotland. We need to look to where this came from and the history of this money. I have been trying to sort out the sequence by which this money has been created and where it has come from for a long time.

It starts off apparently as the property of Yohannes Riyadi, who has some claims to be considered the richest man in the world. He would be if all the money that was owed to him was paid but I have seen some accounts of his showing that he owns $36 trillion in a bank. It is a ridiculous sum of money. However, $36 trillion would be consistent with the dynasty from which he comes and the fact that it had been effectively the emperors of Indo-China in times gone by. A lot of that money has been taken away from him, with his consent, by the American Treasury over the years for the specific purpose of helping to support the dollar.

Mr Riyadi has sent me a remarkable document dated February 2006 in which the American Government have called him to a meeting with the Federal Reserve Bank of New York, which is neither the Federal Reserve nor a bank. It is a bit like “Celebrity Big Brother”. It has three names to describe it and none of them is true. This astonishing document purports to have been a meeting, which was witnessed by Mr Alan Greenspan, who signed for the Federal Reserve Bank of New York of which he was chairman, as well as chairman of the real Federal Reserve in Washington. It is signed by Mr Timothy Geithner as a witness on behalf of the International Monetary Fund. The IMF sent two witnesses, the other being Mr Yusuke Horiguchi. These gentlemen have signed as witnesses to the effecthat this deal is a proper deal. There are a lot of other signatures on the document. I do not have a photocopy; I have an original version of the contract.
Under the contract, the American Treasury has apparently got the Federal Reserve Bank of New York to offer to buy out the bonds issued to Mr Riyadi to replace the cash which has been taken from him over the previous 10 years. It is giving him $500 million as a cash payment to buy out worthless bonds. That is all in the agreement and it is very remarkable. Establishing whether I have a correct piece of paper is just two phone calls away-one to Mr Geithner and one to Mr Greenspan, both of whom still prosper and live. They could easily confirm whether they signed it. Mr Riyadi, by passing these bonds over, has also put at the disposal of the US Treasury the entire asset backing which he was alleged to have for the $15 trillion. I have a letter from the Bank of Indonesia which says that the whole thing was a pack of lies. He did not have the 750,000 tonnes of gold which was supposed to be backing it; he had only 700 tonnes. This is a piece of complete fabrication.

Finally, I have a letter from Mr Riyadi himself, who tells me that he was put up to do this, that none of it is true, and that he has been robbed of all his money. I am quite prepared to recognise that one of the possibilities is that Mr Riyadi is himself putting this together as a forgery in order to try to win some recovery. But it gets more complicated than that because each of the $5 trillion payments that came in has been acknowledged and receipted by senior executives at HSBC and again receipted by senior executives at the Royal Bank of Scotland. I have a set of receipts for all of this money. Why would any bank want to file $5 trillion-worth-$15 trillion in total-of receipts if the money did not exist? The money was first said to have come from the Riyadi account to the Federal Reserve Bank of New York and from there it was passed to JP MorganChase in New York for onward transit to London. The means of sending it was a SWIFT note which, if it was genuine, ought to have been registered with the Bank of England.

When this came about, I took it to my noble friend Lord Strathclyde and asked what we should do with it. He said, “Give it to Lord Sassoon. He is the Treasury”. So I did, and my noble friend Lord Sassoon looked at it and said immediately, “This is rubbish. It is far too much money. It would stick out like a sore thumb and you cannot see it in the Royal Bank of Scotland accounts”. He went on to say, “The gold backing it is ridiculous. Only 1,507 tonnes of gold has been mined in the history of the world, so you cannot have 750,000 tonnes”. That is true. The third thing he said was, “It is a scam”, and I agree with him. The problem is that at that point we stopped looking, but we should have asked what the scam was instead of just nodding it off.

We have never resolved it. Today, I have this quite frightening piece of paper, which is my justification for bringing it into this meeting. It is available on the internet and I am astonished that it has not already been unearthed by the Treasury because every alarm bell in the land should be ringing if it has. It is from the general audit office of the Federal Reserve in Washington-the real Federal Reserve-and its audit

16 Feb 2012 : Column 1018

review to the end of July 2010 on the Federal Reserve Bank of New York. It has on it some 20 banks listed to which $16.115 trillion is outstanding in loans. That is the sore thumb that was being looked for by my noble friend Lord Sassoon. But more particularly there are two other interesting things. The first is that Barclays Bank has $868 billion of loan, and the Royal Bank of Scotland has $541 billion, in which case one has to ask a question, because they could have earned back in three weeks their entire indebtedness and could pay off the taxpayers of Britain. Why have they not done so and could we please ask them to put a cheque in the post tonight for the whole $46 billion?
The next thing that is wrong with it is that every bank on this list, without exception, is an MTN-registered bank, which means that they are registered to use medium-term notes to move funds between themselves with an agreed profit-share formula, in which case these banks are investing this money and, most extraordinarily, not a penny of interest does the Federal Bank of New York want paid on that vast amount, $16 trillion. Anyone who knows what the IMF rules are will immediately smell a rat. The IMF has very strict rules for validating dodgy money. There are two ways of doing it. You either pass it through a major central bank like the Bank of England, which apparently refused to touch this, or you put it through an MTN-trading bank, which is then able to use the funds on the overnight European MTN trading market where they can earn between 1 per cent and 2.5 per cent profit per night. The compound interest on that sum is huge. If it is genuine, a vast profit is being made on this money somewhere.

I believe that this is now such an important issue that I have put everything that I have got on the subject on to a 104-megabyte memory thumb. I want the Government to take it all, put it to some suitable investigative bureau and find out the truth of what is going on here, because something is very seriously wrong. Either we have a huge amount of tax uncollected on profits made or we have a vast amount of money festering away in the European banking system which is not real money, in which case we need to take it back. I ask for an investigation and for noble Lords to support my plea.

Story continues at post. And surprise surprise, the bank named is HSBC. Could it be that this fraud money laundering is completely sanctioned either by the FED or the .gov for the purposes of a last-ditch save of the dollar, or the last looting before it all collapses?

It's being supported and condoned by the .gov that much is for sure...so what conclusions can be drawn?

ONLINE TRANSFER TO https://donate.barackobama.com/page/cont....

There is a law for individuals, transfers above $10,000 ... for anti-money laundering purposes.

What's the penalty?

What law is there for companies?

Can companies be considered "individuals" for anti-money laundering purposes?

Quote:

Could it be that this fraud money laundering is completely sanctioned either by the FED or the .gov for the purposes of a last-ditch save of the dollar, or the last looting before it all collapses?

This is a rhetorical question, right?

The amount of officially sanctioned corruption and fraud is off the chart.

The people doing it are not going to stop, until forced to stop. And I don't mean an SEC investigation and fines.

Based on the allegations, anybody could walk into a HSBC location and just ask them for some account information, when they ask you for your account number, say you forgot it then give them your social security number. Then you will really see if there has been an account created in your name.

I recently saw a movie with Clive Owen called Croupier where he points out a person who bought chips with cash, walked around for a few hours, then cashed them in for a casino check. Clean laundry.

Interesting lawsuit:

http://www.scribd.com/doc/92208483/Keena....

The original Judge recently retired (conveniently) and the case was just assigned a new Judge last month.

If the case continues to go forward, things will get interesting, HSBC not withstanding.

Things are so corrupted now, it's hard to differentiate what's real, conspiracy or outright propaganda.

Yup, that guy better not decided to fly in any small planes.

This not surprising in the least. The entire banking system is run my lying criminals, Obama covered their tracks and Eric (dick) Holder is paid to look the other way.

The money from the drug trade has to go some where it is not like you can hide a billion dollars under your mattress.

Great. My one, kept-for-online-transactions credit card is with HSBC. Interestingly, the account (and I'm sure thousands of others) were just sold to Capital One. I may just go to an HSBC branch and find out how many loans I may have

The other possibility is the guy is a nut. The author is a Truther, after all. Nuts tend to attract.

The banking system is corrupt. That's demonstrably true. No need to make up stuff claiming a conspiracy.

Once the appropriate political "contributions" have been made. A token fine of several 10's of millions $ will be paid and there will not be any criminal proceedings. End of story, just the cost of doing business.

They don't even give a **** about being taped. They own the entire system.

Someone should call Eric Holder so he can have the DOJ investigate this, I mean cover it up.