Hillary Clinton is shocked by the misconduct of many big banks and singled out HSBC for especially harsh criticism in her economic speech. She’s horrified about bank misconduct.
HSBC recently agreed to pay Swiss authorities $28 million for laundering money for sanctioned countries and drug cartels, as well as for helping wealthy clients conceal millions of dollars while advising them how to avoid taxes.
In December, 2012, HSBC paid a record $1.9 billion fine after a U.s. Department of Justice found the bank “violated federal laws by laundering money from Mexican drug trafficking and processing banned transactions on behalf of Iran, Libya, Sudan and Burma.”
So Hillary’s outrage is understandable. What’s not understandable is that the Clinton Foundation accepted a $500,000 contribution in 2014 – AFTER the settlement. And the money was never returned. Nor was the $1.5 million that the bank paid to Bill Clinton for speeches.
And Hillary never mentioned the $81 million in contributions that were routed through HSBC’s secret Swiss bank to the Clinton Foundation. That information was found in data leaked by a whistleblower. There is nothing linking these donors to anything illegal.
A $10 million account was held by Frank Guistra, the Canadian mining magnate who was involved in the deal to sell uranium to the Russians. Guistra sent $1 million to the Clinton Foundation from the secret Swiss account. (Guistra spokesman stated that it was legal for him to maintain such as account)
British retailer Richard Canning sent Bill Clinton $1,000,000 from his HSBC account as payment for appearing at a costume party. (He also claimed the account was legal)
Jeffrey Epstein, the convicted pedofile who provided Bill Clinton with the use of his jet and invited him to parties on his private Caribbean island, was a client. As was American philanthropist Eli Broad and French businessman Arpad Busson, and Formula One’s Michael Schumacher.
Denise Rich, ex-wife of the late fugitive Mark Rich, held an account there. She donated to the Clinton Foundation at its inception. On his last day in office, Bill Clinton granted his most controversial pardon of Rich. Senise has since renounced her American citizenship.
So Hillary is shocked, but not enough to take it personally.