Last week the US Department of Justice (DOJ) said it’s okay for Hong Kong Shanghai Bank to launder hundreds of billions in illegal drug money.
Those weren’t the exact words but read this and tell me what you think it means:
From the Financial Times…HSBC announced its deferred prosecution agreement with the US Department of Justice (DoJ) had expired, removing the threat of criminal prosecution for money laundering which had been hanging over the company for five years.
Sounds like the banksters got another “Get out of jail free” card.
In 2012 they paid a $1.9 Billion fine (the largest in history) to settle charges of money laundering. They also got a “deferred prosecution” agreement from the Department of Justice (JUST-US).
So now they expect you to believe that they forgot about the US prosecuting them and the agreement conveniently “expired?”
I was born at night, but not last night.
The $1.9 Billion was a license fee the government collected from these banksters knowing all along that they would never prosecute them.
Even CNBC reported on this cover-up in 2016 when they said:
“Senior US Department of Justice officials overruled internal recommendations to prosecute global bank HSBC for money-laundering violations because of concerns about the stability of the financial system, according to a congressional report released on Monday.
The report, which relies on internal records from the Department of Treasury, said the U.S. attorney general at the time, Eric Holder, “misled” Congress about the Justice Department’s reasoning for declining to prosecute.”
Our corrupt government knows they can extort more money by fining banksters than by prosecuting or jailing them.
It ain’t right…but it’s how the system works.
So how do you profit from it?
Read The Biggest Scam of the 21st Century in our December newsletter (HERE).