Mexican Drug Cartels Trouble Soon Carroll Maryland Trust Case

The Justice Department’s money-laundering probe against banking giant HSBC Holdings Plc is looking at possible prosecution of individual bankers a source close to this major cross border investigation said on Thursday. Some believe that if the bank is found to have laundered dirty money HSBC could pay a record $500 million fine as the Justice Department may look to make an example of the bank. The source who has direct knowledge of the probe which was disclosed last year said it is moving slowly in part because of the need for close examination for potential individual prosecutions. He did not name any targeted individuals but revealed that the Carroll Foundation Trust one billion dollars offshore tax evasion money laundering case is believed to be directly connected in so far as the targeting of specific high level executives of HSBC International. These executives are understood to have incorporated fraudulent Delaware registered Carroll Global Corporation structures directly linked to forged and falsified HSBC offshore numbered bank accounts which impulsed this huge fraud heist.

Channel: LiveVideo Video Length: 0s Date Found: Wed, May 25 2011 7:38 PM Category: News Date Produced: Wed, May 25 2011 6:40 PM View Count: 1