HuffPO-

I have explained in prior columns that HSBC is not only a criminal enterprise, but also a recidivist of epic proportions. The U.S. and the U.K. have refused to prosecute not only HSBC, but even its officers who directed the frauds and covered them up from the U.S. government. The U.S. Department of Justice (DOJ) claimed that one of the reasons it failed to prosecute was that HSBC gave it “immediate, full cooperation.”

I describe elsewhere why DOJ’s claim is untruthful. HSBC, in fact, continued its crimes for at least 15 years according to DOJ and deliberately deceived the U.S. government to prevent its crimes from being discovered. The fact that DOJ’s most senior officials felt the need to lie about HSBC simply confirms that they know that their actions are reprehensible.

In this column I simply ask reporters to ask DOJ a line of questions. The primary question is whether HSBC, as part of its “immediate, full cooperation” committed to providing full assistance to the U.S. and the U.K. in detecting, investigating, and prosecuting tax evasion involving HSBC. Tax fraud, of course, is simply an example of the many kinds of fraud that HSBC aided or committed in addition to the three forms of felonies that were the subject to the settlement (money laundering, evading sanctions on nations (e.g., Iran), and evading sanctions on terrorists groups).

[HUFFINGTON POST]

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