HSBC case blows lid off Clintons' offshore empire: Panama Papers suggest ties to massive money-laundering scheme

Via Billy

The arrest of the head of global foreign exchange cash trading at HSBC bank may shed new light on suspicions the Clinton Foundation has been involved in illegal offshore money-laundering operations on a massive scale.

The investigation into HSBC currency trader Mark Johnson and associate Stuart Scott for their alleged role in a “conspiracy to rig currency benchmarks” by front-running customer orders has escalated to the point where the Department of Justice is threatening to tear up a 2012 agreement to fine HSBC a historic $1.9 billion for money-laundering violations in lieu of criminal prosecutions.

At issue is whether or not HSBC has honored the 2012 deferred-prosecution agreement in which the bank agreed to establish internal review procedures to catch and punish potentially criminal activities by employees.

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