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HSBC: Double Standard Drug War

money_laundering

Matt Taibbi: ‘Outrageous HSBC Settlement Proves The Drug War Is A Joke’

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By Matt Taibbi

Rolling Stone

If you’ve ever been arrested on a drug charge, if you’ve ever spent even a day in

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5 Outrageous Revelations on HSBC’s Drug Money Laundering

money_laundering

Matt Taibbi’s most recent Rolling Stonearticle unpacks one of last year’s most shocking bank cases in our era of “ Too Big to Jail.” In December, HSBC was punished with a $1.9 billion settlement on drug laundering charges, the largest in American history, yet only five weeks worth of profits for the world’s

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How they did it: Colombian Drug Smugglers Used HSBC to Launder Cash

money laundering

When several Colombian men were indicted in January 2010 on money-laundering charges, the case in Brooklyn federal court drew little attention.

It looked like a bust of another nexus of drug traffickers and money launderers, with mainly small-time operatives paying the price for their crimes.

One of the men was Julio Chaparro, a 48-year-old

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HSBC Settlement: The War on Drugs Completely Bogus

Lanny Breuer

If you’ve ever been arrested on a drug charge, if you’ve ever spent even a day in jail for having a stem of marijuana in your pocket or “drug paraphernalia” in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me.

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HSBC: Too Big to Indict

money_laundering

It is a dark day for the rule of law. Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system. They also have not

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