Senate report confirms massive fraud: IRS probing claim of HSBC whistleblowerSubmitted by godfreeus on Mon, 07/23/2012 - 14:02
As U.S. senators digest a sharply critical committee report confirming massive international money laundering by global banking giant HSBC, the Internal Revenue Service is acknowledging receipt of a whistleblower claim from a former employee of the bank who presented 1,000 pages of evidence to WND six months ago, after local and federal authorities ignored him.
A series of WND stories, beginning in February, reported the evidence collected by John Cruz, a former vice president and relationship manager for HSBC in New York who documented hundreds of millions of dollars in suspicious transactions he pulled from a bank computer system before he was fired. Cruz was terminated in 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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