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NEW YORK – Attorney general nominee Loretta Lynch could be facing new confirmation problems in the U.S. Senate after being tied to the world’s biggest banking scandal, involving HSBC, which used its power to temporarily shut down WND.com as the news site was breaking a series of stories on the mega-bank’s money-laundering practices – practices that resulted in more than $1.2 billion in fines
According to court papers filed Wednesday, Eric Holder’s Department of Justice appears to be stonewalling the release of documents that could implicate Lynch in a massive cover-up of Obama administration involvement in international money-laundering of Mexican cartel drug money.
In 2012, Lynch, as the U.S. attorney for the Eastern District of New York, oversaw the investigation of drug-related international money laundering allegations against London-based HSBC Holdings LLC.
WND published a series articles documenting charges HSBC laundered billions of dollars that traced back to the Mexican drug cartels, culminating with a $1.256 billion fine paid to the U.S. government to end the investigation and avoid the filing of criminal charges.
The federal government’s unwillingness to prosecute HSBC was exposed by a former HSBC vice president and relationship manager in New York, John Cruz, who called the bank a “criminal enterprise.” Cruz was ignored by law enforcement authorities until he brought to WND 1,000 pages of customer account records that document his claims.
Cruz called the $1.92 billion fine the U.S. government imposed on HSBC “a joke” and filed a $10 million lawsuit for “retaliation and wrongful termination.” Whistleblowers in India and London joined Cruz in charging the HSBC settlement amounted to a massive cover up.
Read more at WND:
http://www.wnd.com/2015/02/ag-nominee-eyed-in-massive-obama-cover-up/