More Fraud at HSBC Bank Links James Comey
Things just got worse for James Comey.
Bird of a feather flock together. And the crooks at HSBC were all bad birds.
As the Wall Street Journal reports,
A federal jury in Brooklyn on Monday found a former high-ranking HSBC HoldingsHSBC -1.33% PLC executive guilty on charges that he misused information about a client’s $3.5 billion currency trade to make millions of dollars for the bank.
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Mark Johnson, HSBC’s former global head of foreign-exchange cash trading, was the first banker to face criminal charges stemming from a U.S. Justice Department probe into foreign exchange rate manipulations. He was convicted on eight counts of wire fraud and one count of wire-fraud conspiracy; he was acquitted on a ninth wire-fraud count.
A lawyer for Mr. Johnson said his legal team planned to appeal the verdict, adding, “Today an innocent man was convicted.”
“Mark Johnson exploited confidential information provided by a client of the bank to execute trades that were intended to generate millions of dollars in profits for him and the bank at the expense of their client,” Bridget M. Rohde, the acting U.S. Attorney in Brooklyn, said in a statement. She said the office would continue to prosecute those who “undermine public confidence in the operation of the financial markets by engaging in fraudulent schemes.”
What would we find out about James Comey if we were to go back and look at his record. But we view it from the vantage point of knowing he’s a criminal.
We provided a paper trail for Comey earlier this year. Here is just a piece of how Comey provided coverage for the Clintons at HSBC.
Comey goes to HSBC
In 2013, the largest bank of England, HSBC Holdings, was deep into a scandal.
Investigations by federal authorities and law enforcement had revealed that for years HSBC had been laundering billions of dollars for Mexican Drug Cartels, channeling money for Saudi banks who were financing terror, moving money for Iran in violation of the sanctions, and other major criminal activity. HSBC’s criminality was pervasive and deliberate by the bank and its officials.
HSBC was a huge Clinton Foundation contributor (many millions) throughout the “investigation” and Bill Clinton was being paid large personal fees for speaking at HSBC events (while Hillary was Sec of State). Eric Holder and the Obama Justice Department did what they were paid to do, and let HSBC off of the hook for a paltry 1.2 billion dollar fine (paid by its stockholders).
Not one director, officer or management member at HSBC was fired or charged with any criminal. Exactly when everyone involved with HSBC Bank (including the Clintons and all of their “donors”) were being let off without penalty, and cover had to be provided to HSBC, Comey was appointed as a director and member of the Board of HSBC (in the middle of the fallout from the scandal).
Comey was part of the effort to cover up the scandal and make HSBC “respectable” again.
We will learn a lot more soon, when Comey appears again before Congress.
He’d better keep a lot of that book advance money he received. Because I suspect his attorneys’ fees will be quite high.