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  • Report: #986058

Complaint Review: HSBC Bank USA, N.A.

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  • Submitted: Sat, December 22, 2012
  • Updated: Sat, December 22, 2012

  • Reported By: Lance — Phoenix Arizona Afghanistan
HSBC Bank USA, N.A.
452 5th Avenue New York New York 10018 Nationwide United States of America

HSBC Bank USA, N.A. HSBC - North America Laundering money for Drug Dealers and Mobsters since 1980! Criminals in suits who were warned many times and continue to make huge profits from death and destruction. new york, Nationwide

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British banking giant HSBC has admitted to laundering billions of dollars in Mexican drug cartel and terrorism money, yet wont see a single criminal charge for it. Instead, the bank agreed to pay $1.9 billion to the feds last week, which is about five months of revenue.

Why did the feds not charge the bank for helping to facilitate about nine billion dollars worth of the drug trade, which has led to 50,000 deaths in Mexico?

putting executives from a systemically important institution in jail for drug money laundering would threaten the stability of the
financial system, Rolling Stones Matt Taibbi reports Friday.

Rolling Stone notes that the federal government routinely destroys individual drug users and sellers lives over small amounts of
drug crime, while the worlds biggest banks now simply pay a fine. What a joke.

This report was posted on Ripoff Report on 12/22/2012 06:45 PM and is a permanent record located here: http://www.ripoffreport.com/r/HSBC-Bank-USA-NA/nationwide/HSBC-Bank-USA-NA-HSBC-North-America-Laundering-money-for-Drug-Dealers-and-Mobsters-s-986058. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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