America’s Nazi Secret [video]

How did the USA get to be such a Nazi police state?

20th century America is a mystery.

High ideals, proud history, and for the most part a decent, generous, hard working people.

So why does the government’s behavior resemble that of Nazi Germany in so many respects?

Why are the big banks allowed to loot trillions of dollars in broad daylight with no consequences?

Why have so many people who are little more than highly polished low life scum ended up in the White House and other positions of authority?

This video – a Brasscheck TV original based on an interview Dave Emory of Spitfirelist.com conducted with veteran and Department of Justice Nazi hunter John Loftus – reveals secret aspects of world and American history not 1 out of 100,000 people are aware of.

Please share this one widely with others.

They won’t find this critically important information laid out more clearly or concisely anywhere else.

Knowledge is the beginning of the cure.

Source

 

Senator Elizabeth Warren Demands Jail for HSBC ‘Money Launderers’

Source: Reader Supported News

By Chris Good, ABC News

08 March 13

Elizabeth Warren has a question: How much money does a bank have to launder before people go to jail?

Warren, the Democratic senator from Massachusetts and financial-regulatory maven, posed that question numerous times to financial regulators at a Senate Banking Committee hearing Thursday on banks and money laundering.

In December, U.S. Justice Department officials announced that HSBC, Europe’s largest bank, would pay a $1.92 billion fine after laundering $881 million for drug cartels in Mexico and Colombia. At the time, the Justice Department disputed accusations that it views some banks as too big to prosecute.

The two regulators, Under Secretary for Terrorism and Financial Intelligence David S. Cohen and Federal Reserve Governor Jerome H. Powell, deflected Warren’s questions, saying that criminal prosecutions are for the Justice Department to decide.

“If you’re caught with an ounce of cocaine, the chances are good you’re going to jail. If it happens repeatedly, you may go to jail for the rest of your life,” an exasperated Warren said, as she wrapped up her questioning. “But evidently, if you launder nearly a billion dollars for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night – every single individual associated with this – and I just think that’s fundamentally wrong.

Source

Tom Heneghan: Jack Lew Confirmed!

Reblogged from: http://shininglight2012.blogspot.com/2013/02/tom-heneghan-jack-lew-confirmed.html

Someone is very excited about this news… and it truly is STILL business as usual on the surface here in the U.S.

I received a friendly little letter from Bank of America yesterday enquiring if I would like one of their special Visa cards. I haven’t dealt with the BofA in several years but they like to pretend.

If you  have any doubt about the financial corruption and fraud in the world, visit this blog and have a boo at the vast array of articles. Mind-blowing that all that could be going on right under our noses and so few (relatively speaking) know about it—or care!

From what I’m hearing/reading this past week or two, March is going to be a gangbuster of a month! Are we ready? Hell, yah!

Tom Heneghan – Jack Lew Confirmed, Jack Lew Confirmed!

Tom Heneghan explosive intelligence briefings ALL patriot Americans MUST know, with sources inside American/European intelligence agencies and INTERPOL, reporting what is really going on behind the scenes of the corporate-controlled, fascist, extortion-friendly propaganda U.S. media’s massive deceptions.

Wednesday February 27, 2013

by Tom Heneghan
International Intelligence Expert

http://tribkswb.files.wordpress.com/2013/01/jack_lew.jpg?w=176&h=176

UNITED States of America - It can now be reported that the Senate confirmation of Jack Lew as U.S. Treasury Secretary means that the final implementation of the Wanta-Reagan-Mitterrand Protocols aka the bilateral tax agreement between the IMF, the U.S. Treasury and Austrian banks will take place within hours.

http://faithfulinprayer.files.wordpress.com/2010/02/endthefed.jpg?w=302&h=281


Lew will use U.S. Treasury Constitutional authority to downgrade and actually seize control of the corrupt, privately owned U.S. Federal Reserve, which has turned the entire world financial markets into a ponzi scheme, which has benefited crooked worldwide banks.

P.S. U.S. Treasury Secretary Lew, IMF Managing Director Christine Lagarde and government officials of the People’s Republic of China are currently in high level discussions about the unraveling of worldwide derivative debt and an end to the currency imbalance involving the Chinese yuan and the Japanese yen that has been orchestrated by the crooked Fed and the compromised Central Bank of Japan to create a massive worldwide equity bubble.

P.P.S. At this hour the corrupt Bank of America has still not met their $10 BILLION margin call that they owe the CME Group reference naked short put option positions in none other than the Japanese yen.

It is important to remember that it was the Bank of America that originally conspired with Citibank, Goldman Sachs, former BushFRAUD Treasury Secretary Hank Paulson and former Treasury Secretary and Citibank CEO Robert Rubin to illegally launder Protocol funds.

Stay tuned for emergency intelligence briefings at any moment.

Vatican is ‘Cash Only’ as Bank of Italy Blocks Electronic Payments Over Money Laundering Concerns

Cash Only Vatican

VATICAN CITY — It’s “cash only” now for tourists at the Vatican wanting to pay for museum tickets, souvenirs and other services after Italy’s central bank decided to block electronic payments, including credit cards, at the tiny city-state.

Deutsche Bank Italia, which for some 15 years had provided the Vatican with electronic payment services, said Thursday that the Bank of Italy had pulled its authorization after Dec. 31.

The Corriere della Sera newspaper reported that the Italian central bank took the action because the Holy See has not yet fully complied with European Union safeguards against money laundering. That means Italian banks are not authorized to operate within the Vatican, which is in the process of improving its mechanisms to combat laundering.

The Vatican says it is scrambling to solve the problem for thousands of visitors who flock to its very popular Vatican Museums, which include highlights like the Sistine Chapel. The Holy See had no immediate comment on the Bank of Italy’s reported reasons.

Tourists in the long lines Thursday that snaked around Vatican City walls were not happy about the inconvenience.

“It’s certainly a disadvantage,” said Giuseppe Amoruso, an Italian. “Credit cards provide a useful service, which needs to be accessible to everybody, everywhere.”

“A lot of tourists don’t have cash on them, so they have to get euros and don’t know where to get them,” said Fluger William Hunter, an American tourist.

The central bank said a routine inspection found that Deutsche Bank Italia hadn’t sought authorization when it first started providing services at the Vatican. When it finally did, the Bank of Italy turned it down because the Vatican’s banking norms, including measures to combat money laundering, didn’t meet Italy’s more stringent criteria of recent years, a central bank official said, speaking on condition of anonymity because there was no official statement on the case.

The Vatican has been striving to upgrade its measures to detect and discourage money laundering, hiring a Swiss expert just a few months ago. Last summer, the Holy See passed a key European financial transparency test but received failing grades for its financial watchdog agency and its bank, formally called the Institute for Religious Works.

The museums, with their entrance fees and popular souvenir shops, are a big money-maker for the Vatican. Other Vatican attractions, such as tours of the Vatican’s ancient underground spaces, also charge admission.

Source

IMF Torpedoes ECB

Reblogged from All About 2012:

Click to visit the original post
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Sunday November 25, 2012
by Tom Heneghan
International Intelligence Expert

UNITED States of America - It can now be reported that IMF officials have informed ECB (European Central Bank) President Mario Draghi that he will not be allowed to co-mingle Wanta-Reagan-Mitterrand Protocol funds in any new ponzi scheme involving an alleged Greece bail out.

Note: IMF implementation of the Wanta-Reagan-Mitterrand Protocols continues relentlessly with the sovereign treasuries of the European Union nation members the recipient.

Read more… 378 more words

The roller coaster is on the move...

Roadmap to Redressing Economic Terrorism in America

Wow, Gordon Duff is letting Americans have it with both barrels! The Truth shall out! And I have a feeling there’s lots more where this came from in the coming days… I hope their readership continues to expand exponentially.

We Weren’t Going to Stay Stupid Forever

by Gordon Duff, Senior Editor, Veterans Today

When the Cold War ended, a secret fund planned for by President Ronald Reagan had been set aside to rebuild America, pay off the national debt and reward Americans for decades of sacrifice.

This was the real accomplishment of his presidency, one few knew of.

As the funds finally came together, during the first years of the Clinton administration, instead of going to America, the man chosen to secure this legacy for America was put in a Swiss dungeon, then a mental hospital and eventually railroaded into prison on charges now admitted to have been “manufactured.”

Of the funds, only $4.5 trillion remain (plus interest, less taxes), belonging to Ameritrust Corporation, held for the American people. This is some of the story of those funds and continuing attempts by politicians and bankers to continue destroying the United States through economic terrorism.

Many who read this will already know part of the story, some were involved, I am sure, in related operations. I am part of that group. The facts, documents, secret operations carefully vetted, confirmed, all now ready for release to those cleared for such, others are public domain.

It is our job to put out a story we are largely unauthorized to tell.

Of those who work in Special Operations and such things, I am one of the very few with a background in international finance. This is not written for public consumption but I will publish it anyway, do with it as you will. I am writing to our “community.” You know who you are.

Whose Money Were They Lending? – Stolen Money?

Over the past few years, amounts of money and practices none of us had imagined have been hitting the news.

We hear one day that the Federal Reserve secretly lends out trillions of dollars illegally, yet these criminal acts by the Federal Reserve, though reported, are never investigated.

In fact, there is no agency empowered to audit or control the Federal Reserve whose very existence itself no one understands and, if they did, none would approve of.

It doesn’t say whose dollars or where they went or what America got in return. We are led to believe they came out of thin air, went to places that are “none of our business” and were or were not paid back, also none of our business.

What happened? America got screwed.

Years ago, I had been asked to look after a former Reagan official named Lee Wanta. Some of you will understand this sentence, who does the asking, and what “look after”means.

I knew he had been kidnapped in Switzerland and, though a diplomat, sent to the US and imprisoned on criminal charges we knew to be a total invention.

His personal attorney was Chief Legal Counsel for the Central Intelligence Agency.

My retiree job is as an intelligence contractor working with pro-US clients. I “brief,” not interview. I am not a journalist by trade. I am one of the thousands of Americans that middle age has turned from a “knock in the back of the head” guy to someone who can talk his way out of a dozen foreign jails.

I am simply one of many Americans that few know exist, a Marine, a Vietnam veteran and someone who spent much of his life with his head upside down.

What Happened to Lee Wanta Actually Happened to All Americans

Who Stole the Money – And Who Did They Steal it For?

Ambassador Wanta has court documentation that he is owed $7.2 trillion dollars, private capital designated for one purpose, rebuilding the American economy.

The money was garnered through exploiting insane errors in the pricing of currencies and exploiting the economic policies of the former Soviet Union. Some of the profits had ended up in the Bank of China and were, according to legal agreement, repatriated to the United States, what remained anyway.

Initially, $4.5 trillion was transferred to the Federal Reserve Bank of Richmond while issues of law and taxes were negotiated. This is the remainder of a larger fund, transferred into the US while litigation was to determine tax liability and little else.

Secretly, a group of individuals has been using and diverting these funds.

Why does the fund exist? Wanta worked for Reagan, National Intelligence Coordinator and then was nominated by Senator Chuck Grassley of Iowa at Reagan’s request to take over as Inspector General of the Department of Defense.

Instead, Reagan assigned Wanta to a project to raise huge amounts of money trading currency. Some of this is on the internet and much of it is correct. The total amount raised, based on collateral supplied by the US Department of Treasury in a secret intelligence operation was 27 trillion USD.

Read the rest of the article…

Romanian Prosecutors Detain 33 Bankers & Officials in $28.5 Million Suspected Banking Fraud

BUCHAREST, Romania –  Prosecutors on Friday detained 33 government officials and bankers on suspicion of money laundering and fraud that cost Romania €22 million ($28.5 million).

The detainees included three Economy Ministry officials, the deputy chairman of the French-owned Romanian Development Bank, and the chairman of a state fund that offers banks guarantees in exchange for business loans.

The officials have been suspended, pending an inquiry, and prosecutors have asked the Bucharest Court to rule later Friday that 32 of the detainees be held under arrest for one month.

On Thursday, prosecutors raided about 50 homes and offices in Bucharest, Giurgiu and Calarasi in the case and questioned about 100 people.

Anti-organized crime prosecutors say that from 2010 to 2012, two people organized a scam that involved bank employees. They allegedly managed to fraudulently obtain 40 bank loans for fictitious businesses from 16 branches of the Romanian Development Bank and Romania’s state-owned CEC savings bank that were underwritten by the state fund for small- and medium-sized businesses.

Hungarian bank OTP; the Turkish banks Eximbank and Garanti Bank; Austria’s Raiffeisen Bank; Greece’s Piraeus Bank, and Millennium Bank from Portugal also were targeted by the scam, but it was not clear whether they gave out loans.

Corruption is widespread in Romania, one of the poorest countries in the European Union. In recent days, authorities began to prosecute state railway employees who routinely pocketed money from fare dodgers without issuing tickets.

Source

CNBC Exec’s Children Murdered, 1 Day After CNBC Reports $43 Trillion Bankster Lawsuit – Article

If the American people don’t wake up after this, I’m afraid there’s no hope until the spaceships land.

We’ve been told again and again that this is the MO of the Illuminati; don’t worry, you’re safe, but we’ll torture and kill your wife, your kids, your parents, and your dog if you don’t keep your mouth shut… and this is probably just the beginning. A second murder is reported at the end of this article.

This week financial news organization CNBC gave some mainstream attention to the largest money laundering and racketeering lawsuit in United States History, in which “Banksters” and their U.S. racketeering partners are being accused of laundering of 43 trillion dollars worth of ill gotten gains.

The lawsuit is said to involve officials located in the highest offices of government and the financial sector.

Since this information was surprisingly revealed by the mainstream news organization there has been a very suspicious and deadly fallout at the CNBC headquarters.

Within hours the original page for the article was taken down, and CNBC senior vice president Kevin Krim received news that his children were killed under very suspicious circumstances.

It seems that the murder happened first and then the page was removed later.

According to mainstream accounts the children’s nanny is responsible for the murders, allegedly stabbing both children.

However, those same mainstream news sources report the highly unlikely story that the nanny slit her own throat just after committing the homicides.

Police have released very little information and although a wider plot has not been officially implicated, it seems very possible that these murders are a show of force against the press organization for releasing such damning information about the most powerful people in the world.

Here is some more information about the lawsuit from the Wall Street Journal:

“In the District Court lawsuit, Spire Law Group, LLP — on behalf of home owner across the Country and New York taxpayers, as well as under other taxpayer recompense laws — has expanded its mass tort action into federal court in Brooklyn, New York, seeking to halt all foreclosures nationwide pending the return of the $43 trillion ($43,000,000,000.00) by the “Banksters” and their co-conspirators, seeking an audit of the Fed and audits of all the “bailout programs” by an independent receiver such as Neil Barofsky, former Inspector General of the TARP program who has stated that none of the TARP money and other “bailout money” advanced from the Treasury has ever been repaid despite protestations to the contrary by the Defendants as well as similar protestations by President Obama and the Obama Administration both publicly on national television and more privately to the United States Congress.

Because the Obama Administration has failed to pursue any of the “Banksters” criminally, and indeed is actively borrowing monies for Mr. Obama’s campaign from these same “Banksters” to finance its political aspirations, the national group of plaintiff home owners has been forced to now expand its lawsuit to include racketeering, money laundering and intentional violations of the Iranian Nations Sanctions and Embargo Act by the national banks included among the “Bankster” Defendants. “

Some of the alleged conspirators are Attorney General Holder, Assistant Attorney General Tony West, the brother in law of Defendant California Attorney General Kamala Harris, Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster), Timothy Geitner, Treasury Secretary, Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former “communications director” for the Obama Administration), Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the “Banksters” themselves, and their affiliates and conduits.

It is expected that all news on this subject will be removed from CNBC, and that other news organizations will be discouraged from covering such information.

However, screen shots of the original CNBC article were taken to verify the authenticity of this story.

Assassination and brute intimidation are common strategies for the ruling class to use on people who may threaten their agenda.

This is the second situation this week in which a high level executive was the victim of a suspicious attack that seemed very much like an assassination.

The Intel Hub just reported that Nicholas Mockford, a 60 year old British executive for the oil company ExxonMobil was shot dead in front of his wife in an assassination-style killing in Brussels.

We will be keeping a close eye on both of these stories and provide more details as they become available.

Source

It LOOKS Official – Could it be True? Banksters Cited for Fraud Involving $43 TRILLION

If this is legit—WOW! WOW! WOW!

Press Release

Oct. 25, 2012, 2:09 p.m. EDT

Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP’s Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury

NEW YORK, Oct. 25, 2012 /PRNewswire via COMTEX/ — Spire Law Group, LLP’s national home owners’ lawsuit, pending in the venue where the “Banksters” control their $43 trillion racketeering scheme (New York) – known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the “Banksters” and their U.S. racketeering partners and joint venturers – now pinpoints the identities of the key racketeering partners of the “Banksters” located in the highest offices of government and acting for their own self-interests.

In connection with the federal lawsuit now impending in the United States District Court in Brooklyn, New York (Case No. 12-cv-04269-JBW-RML) – involving, among other things, a request that the District Court enjoin all mortgage foreclosures by the Banksters nationwide, unless and until the entire $43 trillion is repaid to a court-appointed receiver – Plaintiffs now establish the location of the $43 trillion ($43,000,000,000,000.00) of laundered money in a racketeering enterprise participated in by the following individuals (without limitation): Attorney General Holder acting in his individual capacity, Assistant Attorney General Tony West, the brother in law of Defendant California Attorney General Kamala Harris (both acting in their individual capacities), Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster), Timothy Geitner, Treasury Secretary (acting in his individual capacity), Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former “communications director” for the Obama Administration), Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the “Banksters” themselves, and their affiliates and conduits. The lawsuit alleges serial violations of the United States Patriot Act, the Policy of Embargo Against Iran and Countries Hostile to the Foreign Policy of the United States, and the Racketeer Influenced and Corrupt Organizations Act (commonly known as the RICO statute) and other State and Federal laws.

In the District Court lawsuit, Spire Law Group, LLP — on behalf of home owner across the Country and New York taxpayers, as well as under other taxpayer recompense laws — has expanded its mass tort action into federal court in Brooklyn, New York, seeking to halt all foreclosures nationwide pending the return of the $43 trillion ($43,000,000,000.00) by the “Banksters” and their co-conspirators, seeking an audit of the Fed and audits of all the “bailout programs” by an independent receiver such as Neil Barofsky, former Inspector General of the TARP program who has stated that none of the TARP money and other “bailout money” advanced from the Treasury has ever been repaid despite protestations to the contrary by the Defendants as well as similar protestations by President Obama and the Obama Administration both publicly on national television and more privately to the United States Congress. Because the Obama Administration has failed to pursue any of the “Banksters” criminally, and indeed is actively borrowing monies for Mr. Obama’s campaign from these same “Banksters” to finance its political aspirations, the national group of plaintiff home owners has been forced to now expand its lawsuit to include racketeering, money laundering and intentional violations of the Iranian Nations Sanctions and Embargo Act by the national banks included among the “Bankster” Defendants.

The complaint – which has now been fully served on thousands of the “Banksters and their Co-Conspirators” – makes it irrefutable that the epicenter of this laundering and racketeering enterprise has been and continues to be Wall Street and continues to involve the very “Banksters” located there who have repeatedly asked in the past to be “bailed out” and to be “bailed out” in the future.

The Havens for the money laundering schemes – and certain of the names and places of these entities – are located in such venues as Switzerland, the Isle of Man, Luxembourg, Malaysia, Cypress and entities controlled by governments adverse to the interests of the United States Sanctions and Embargo Act against Iran, and are also identified in both the United Nations and the U.S. Senate’s recent reports on international money laundering. Many of these entities have already been personally served with summons and process of the complaint during the last six months. It is now beyond dispute that, while the Obama Administration was publicly encouraging loan modifications for home owners by “Banksters”, it was privately ratifying the formation of these shell companies in violation of the United States Patriot Act, and State and Federal law. The case further alleges that through these obscure foreign companies, Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, and numerous other federally chartered banks stole trillions of dollars of home owners’ and taxpayers’ money during the last decade and then laundered it through offshore companies.

This District Court Complaint – maintained by Spire Law Group, LLP — is the only lawsuit in the world listing as Defendants the Banksters, let alone serving all of such Banksters with legal process and therefore forcing them to finally answer the charges in court. Neither the Securities and Exchange Commission, nor the Federal Deposit Insurance Corporation, nor the Office of the Attorney General, nor any State Attorney General has sued the Banksters and thereby legally chased them worldwide to recover-back the $43 trillion ($43,000,000,000,000.00) and other lawful damages, injunctive relief and other legal remedies.

James N. Fiedler, Managing Partner of Spire Law Group, LLP, stated: “It is hard for me to believe as a 47-year lawyer that our nation’s guardians have been unwilling to stop this theft. Spire Law Group, LLP stands for the elimination of corruption and implementation of lawful strategies, and that is what we’re doing here. Spire Law Group, LLP’s charter is to not allow such corruption to go unanswered.”

Comments were requested from the Attorney Generals’ offices in NY, CA, NV, NH , OH, MA and the White House, but no comment was provided.

About Spire Law Group

Spire Law Group, LLP is a national law firm whose motto is “the public should be protected — at all costs — from corruption in whatever form it presents itself.” The Firm is comprised of lawyers nationally with more than 250-years of experience in a span of matters ranging from representing large corporations and wealthy individuals, to also representing the masses. The Firm is at the front lines litigating against government officials, banks, defunct loan pools, and now the very offshore entities where the corruption was enabled and perpetrated.

Contact: James N. Fiedler877-438-8766 http://spire-law.com

SOURCE Spire Law Group, LLP

Another Fraud Charge Against Global Banking Giant HSBC

Posted Oct 8 at WND.com

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Already under federal investigation for global fraud after a series of WND reports, banking giant HSBC is engaged in a systematic scheme to defraud citizens of India who live abroad out of billion of dollars in investment accounts, according to an Indian source who has provided evidence to WND.

The evidence offered by “Mr. Kumar,” a customer of HSBC Bank PLC both in the United Kingdom and in India, includes documentation from his investment account, his correspondence with HSBC officials, documents misused by the bank and various legal opinions detailing the manner in which the fraud was committed.

Kumar, a British citizen and a solicitor who lives in London, has requested WND withhold his name due to concerns of possible reprisal from the bank that would damage his professional standing and personal reputation.

Kumar claims HSBC has defrauded him of millions of Indian rupees he invested in a wealth management-mutual fund account the bank offers in India to Indians living abroad.

In a phone conversation from London, Kumar explained to WND that in 2005, he opened with HSBC an account to invest broadly in the Indian stock market through a mutual fund that would be sourced and managed by HSBC in India.

“HSBC sources money from non-resident Indians to invest in the Indian stock market,” Kumar explained.

In 2005, he said, he received a solicitation from HSBC to invest in the Indian government’s “India Shining” marketing campaign and was promised superior returns compared to what a retail investor could get in the West.

HSBC promised to facilitate seamless transfers of funds from Kumar’s HSBC account in London to the HSBC account in India.

“It made sense to me, so I stopped investing in my retirement account in London and I began investing in India with HSBC,” Kumar said.

Indian laws do not permit non-Indians to invest in the lucrative Indian market, so banks like HSBC target non-resident Indians to invest their surplus into the Indian stock and property markets to benefit from the boom in equities and property values over the last decade.

Kumar charged that HSBC committed a sophisticated investment fraud that resulted in the over 10 million Indian rupees – $189,500 – he invested since 2005 being worth only 1.6 million Indian rupees today, despite steady gains made in the Bombay Stock Exchange Sensitive Index, the BSE SENSEX.

The value of the BSE SENSEX has virtually doubled from its closing peak of 9397.93 in 2005 to its current market value, closing at 18823.91 on Oct. 1.

Meanwhile, HSBC has apologized for a “shameful” systems breakdown from 2004 to 2010 and is prepared to pay hundreds of millions of dollars in fines in a scandal that was exposed in a series of investigative WND reports that began in February. John Cruz, a former HSBC vice president and relationship manager in New York, turned over 1,000 pages of evidence to WND he pulled from a bank computer system before he was fired. He was terminated in 2010, after two years at HSBC, for “poor performance.” But he contends he was let go because senior management didn’t want to him to pursue his personal investigation.

Cruz previously told WND he met with special agents with the IRS criminal division in April and handed over a computer disc with copies of his internal documents. The agents, according to Cruz, were overwhelmed with the volume and detail of the information, calling it “mind-boggling.”

As WND reported, law enforcement authorities sat on Cruz’s allegations until the story was exposed by WND.

A Senate report released last month presents evidence HSBC abetted massive money laundering by Iran, terrorist organizations, drug cartels and organized criminals throughout the world. The report said HSBC transferred $19 billion for Iran and $7 billion in physical cash for Mexico.

WND also reported evidence that Eric Holder’s Justice Department has not investigated money-laundering charges in deference to bank clients of his Washington-based law firm, where Holder was a partner prior to joining the Obama administration.

Not Alone

Kumar has met personally with other well-known non-resident Indians in London who, he says, have fallen prey to the same practices by HSBC. He estimates that several thousand non-resident Indians have been affected by the alleged scam.

His problems began in October 2005 when Orijit signed a power of attorney, giving HSBC Ltd. in India complete discretionary authority to make decisions managing mutual funds on his behalf, without having first having to seek and obtain his permission.

At that time, various HSBC bank officials assured Kumar that the investments were safe and HSBC would responsibly follow investment rules in the U.K. and India. The officials argued the bank is registered with numerous regulators in both countries and is heavily audited on a regular basis.

Read the rest of the article…