Banking Giant Accused Of Money Laundering

Posted on December 18th, 2012

Crosstalk Home

Show Information

Air Date: December 18, 2012

Host: Jim Schneider

Guest: Dr. Jerome Corsi

Listen: MP3 |Order CD

Dr. Jerome Corsi received his PhD from Harvard. He is a senior staff reporter for WND. He has authored many books including “The Obama Nation”, “Unfit for Command” and “Where is the REAL Birth Certificate.”

This edition of Crosstalk looks at Hong Kong Shanghai Banking Corporation (H.S.B.C.). Although originating in China (Its holding company is in London.) they are a worldwide bank capable of dealing with transfers within the bank between nations.

Dr. Corsi’s story begins by focusing on John Cruz, an employee of H.S.B.C. in Long Island who was in charge of establishing commercial accounts along with selling additional banking products and services. Eventually John discovered that things were not in order with specific accounts. He went to his superiors who told him not to worry about the situation. He was eventually terminated for “poor performance”. Law enforcement authorities were notified, however, Dr. Corsi doesn’t know what they’ve done with the information.

A Senate subcommittee did become involved and prepared a report that documented some of the things that Dr. Corsi and Cruz were alleging. For example, the report documented the money laundering with the bank, attributing it to money for the drug cartels in Mexico, for terrorists in conjunction with Saudi Arabia, and that H.S.B.C was utilizing illegal money facilities to circumvent sanctions the U.S. government had on Iran.

Eventually H.S.B.C. was fined 1.92 billion dollars in lieu of prosecution. According to Dr. Corsi, the bank had this money set aside for years. Is it possible that the settlement itself was part of a criminal scheme that includes bipartisan involvement by members of the U.S. government and therefore the fine is just considered the “cost of doing business” by H.S.B.C.? Get listener reaction and find out how this impacts all of us when you review this Crosstalk broadcast.

More Information:

Posted in Government, Finances, Current Events    Tagged with no tags



follow on

& 400th anniversary 400 40 Adrian Association of American Physicians and surgeons Bell Christianity Christian Church Customer Service Dakdok David Wilkerson Donald Trump Dr. Eastern religion Emergent False Teachers Fathers Day Glen Beck God Government Gun Owners of America Ingrid Schlueter Ingrid Islam Jane Orient Jesus Christ Jesus John MacArthur John Karen Malec Koran Larry Pratt Love MacArthur Mat Meditation Morality Mother's Day Music National Day of Prayer New Age New Spirituality Osama Bin Laden Owners Patriotism Politics Pornography Quran Reiki Relationships Relexology Religion Rob Bell Rob Rogers Romance SIDS Schlueter Sheriff Usama Dakdok Valentines Vic Eliason William welden Worship aaps acupuncture agenda alternative medicine. america ammendment anniversary apathy atheism baby bible book border breast cancer breast calendar camping cancer celebrate child porn children child control corrupt crosstalk America crosstalk crostalk culture date day dead death debt dr adrian rogers education eliason encouragement end times end exact faithless faith false family radio family federal finances financial finding gay gblt generateion generation harold camping harold health care health homosexuality hutchings illegal infant iraq irrefutable james jeff meyers jim johnson judgement king james bible king kjv last law legal lesbian libraries library limit love wins love worth finding luke mirrage modern church mom's mom money mother's mother nation navy seals navy news new noah obamacare obama on overspending pakistan personal loss pornograhpy prayer pray pron radio requests schneider school seek shot signs smith special show spending staver sudden infant death syndrome sudden summit ministries syndrome taxes teachers terrorism terrorist terror the Bible times transgender trends united states usama vcyamerica vcy version vic warm warren smith warren war wellness wins woman women worth write yoga