Eric Holder Ignored Internal Calls to Prosecute HSBC for Money Laundering
Federal prosecutors reportedly sought a guilty plea from HSBC in 2012, after the bank was caught laundering money and helping governments bust US sanctions, but the initiative was ignored by top Justice Department officials. The allegation was made earlier this week in a report compiled by Republicans on the House Financial Services Committee. The probe alleges that DOJ officials backed off any move to prosecute the London-based bank after pressure from the British government. In December 2012, the Justice Department and HSBC reached a $1.9… Keep Reading