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Showing results for tags 'drug trafficking'.
First heard this story yesterday, and I can't say I was surprised by it: HSBC receives get-out-of-jail-free card in a real-life game of Monopoly. The New York Times reports this week that megabank HSBC has escaped criminal prosecution for money laundering that probably funded terrorists and narcotics traffickers. Why? Because regulators and prosecutors were petrified that an indictment would undermine the entire financial system. The Times quotes anonymous government sources who confessed fears about bringing formal charges because doing so would be a "death sentence" for the bank. So they