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Wednesday, July 27, 2016

FBI ARRESTS HSBC BANKERS, BUT LEAVES YOU TO CONNECT THE DOTS

Every now and then one just has to stop and admire the banksters; for duplicity, subtlety, and a tapestry of relationships that leaves one wondering just how deep the corruption goes, for a tangle of political corruption that perhaps only divine omniscience and ubiquity could sort out, they are unparalleled. What am I talking about? Well, this one may leave you scratching your head, as it did me, and I am tempted to file this one under the "you tell me" category: the FBI, apparently, has arrested two senior managers at HSBC(Hong Kong and Shanghai Banking Corporation):
Of course, the HSBC has a rather long and dubious history; think opium and the 19th century here, or for that matter, Lord Blackheath's comments in the House of Lords a few years ago(see my extensive quotations from his remarks in Hansard's in Covert Wars and Breakaway Civiizations). And now, yet again, another bank caught in illegal manipulations, this time, of currency rates:
A senior HSBC banker has been arrested by the FBI as he attempted to board a transatlantic flight and charged him with fraudulently rigging a multibillion-dollar currency exchange deal.
Mark Johnson, a British citizen and HSBC’s global head of foreign exchange trading, and a colleague are accused of “defrauding clients” and alleged to have “corruptly manipulated the foreign exchange market to benefit themselves and their bank”.
He was arrested on Tuesday night shortly before he was due to fly to London from New York’s JFK airport, and was due to be formally charged by a judge at Brooklyn federal court later on Wednesday. He was later released on bail.
A second Briton, Stuart Scott, who was HSBC’s European head of foreign exchange trading in Londonuntil December 2014, is accused of the same crimes. A warrant was issued for Scott’s arrest.They are the first people to be charged in connection with the US government’s long-running investigation into bankers’alleged rigging of the $5.3tn (£4tn) per day forex market.
Read more: http://gizadeathstar.com/2016/07/fbi-arrests-hsbc-bankers-leaves-connect-dots/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+CommentsForGizaDeathStar+%28Comments+for+Giza+Death+Star%29#comment-63914

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