This wasn’t even a first offense as they had been found guilty just a few years earlier of the exact same offense.The result was no one went to jail or even stood trial and HSBC was fined three days profit.
HSBC had set aside 2 billion dollars to pay their fine and they had already been told that no one would be going to jail. The fine was 1.9 billion. Wonder what happened to the other 100 million. ACORN or La Raza?
John Cruz, who is a former HSBC vice president and relationship manager has over 1,000 pages and hours and hours of evidence that he had gathered. Lynch had his evidence but never once bothered to interview him on what he knew.
HSBC warned Cruz that if he kept investigating the bank’s money laundering, he would lose his job. He kept investigating and he was fired. So were other whistleblowers across the planet. Cruz has sued for unlawful firing.