It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
A historic event took place moments ago when Mark Johnson, the global head of cash FX at HSBC was arrested at JFK airport for his role in a "conspiracy to rig currency benchmarks", and specifically for frontrunning customer orders. He is the first person charged by the US in the ongoing FX rigging probe.
Two of the donors listed in the leaked files are raising eyebrows. According to the Guardian report, one of the donors who had a Swiss HSBC account is Jeffrey Epstein, “the wealthy financier who was jailed for 13 months in 2008 for soliciting sex with underage girls.” Another, reports the Guardian, was Denise Rich, the ex-wife of the now deceased Marc Rich, who fled the U.S. after being indicted for tax evasion, fraud and racketeering and then received a highly controversial pardon by President Clinton just hours before he left office. wallstreetonparade.com...
Johnson, 50, and Scott, 43, engaged in front-running, the Justice Department said, using their advance knowledge of the client's planned purchase of British pounds -- which the company needed in order to distribute proceeds from the sale of an Indian subsidiary to shareholders -- to drive up the currency's price.
In late November 2011, before carrying out the client's transaction, Johnson made a purchase of British pounds in exchange for euros from an HSBC account he controlled, according to the complaint. Six days later, in New York, he instructed a currency trader to buy British pounds in exchange for dollars, authorities said.
HEADLINE: FBI Director Comey was board member of HSBC – Clinton Foundation & Drug Cartel ‘bank of choice’
Many are unaware that Comey’s served on the board of banking giant HSBC (‘international drug money clearing house’) before parachuting softly into the head of the FBI in 2013. That’s only the beginning…