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Forum Post: WHISTLBLOWER - HSBC Banking Giant Accused of Laundering Billions

Posted 6 years ago on Feb. 2, 2012, 10:57 a.m. EST by PeaceNow (84)
This content is user submitted and not an official statement

Banking giant accused of laundering billions

Ex-employee in New York has 1,000 pages of customer account records



NEW YORK – A former employee of HSBC in New York has 1,000 pages of customer account records he claims are evidence of an international money-laundering scheme involving hundreds of billions of dollars by the global banking giant, which reportedly is under investigation by a U.S. Senate committee.

John Cruz has delivered to WND customer account records he says he pulled from the HSBC computer system before he was fired. Cruz was terminated Feb. 17, 2010, after two years at HSBC for “poor performance,” but he contends he was let go because senior management didn’t want to him to pursue his personal investigation.



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[-] 2 points by arturo (3169) from Shanghai, Shanghai 6 years ago

If I'm not mistaken, HSBC means Hong Kong Shanghai Bank of China. This bank was originally established to handle money from the opium trade between the British empire and China.

So it would not be surprising for this bank to be involved in money laundering. In fact the amount of money that's launder by international banks each years is estimated to be hundreds of billions to trillions of dollars.

[-] 2 points by caughtya (32) from Elmer, NJ 6 years ago

Lets not judge.Maybe he found something, reported it ,and the boss told him to leave it alone. Being a concerned employee he investigated only doing his job to the best he could. You only get fired if they have something to hide. Most employees only react. Treated poorly, all employers usually get it back in spades

[-] 2 points by BradB (2693) from Washington, DC 6 years ago

yeah.,..,. “poor performance” of corruption

[-] 1 points by Nevada1 (5843) 6 years ago

Hi PeaceNow, Thank you for post and link. Best Regards, Nevada

[-] 1 points by TitusMoans (2451) from Boulder City, NV 6 years ago

Let me see. He conducted a "personal investigation" into the accounts of his employer's customers. I'd fire him, too.