HSBC Whistleblower: Banks Are Financing Terrorism

Wednesday, 30 Jul 2014 05:36 PM

By Courtney Coren

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HSBC Bank whistleblower Everett Stern, CEO of Tactical Rabbit, says that banks like HSBC not only know, but have admitted to doing business with companies that finance terrorists.

"HSBC is part of the deferred prosecution agreement and JP Morgan and Citibank, they have all admitted to these things," Stern told Ed Berliner on "MidPoint" on Newsmax TV Wednesday.

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"For some reason the mainstream media is not covering the issue, and the American public doesn't understand that these banks are literally financing the next 9/11," he explained.

Stern uncovered a money-laundering operation at HSBC in 2011, when he discovered that the bank was giving the terrorist group Hezbollah access to millions of dollars.

"What I found was criminal manipulation of the wire filter and there was hundreds upon millions of dollars moving from Caribe Supermarkets, which is in Gambia, which is owned by the Tajideen brothers, which are financiers of Hezbollah," he explained.

"And that money was being laundered through the U.S. and then back to Lebanon," he said.

"It was financing Hezbollah, and this is what was going on at HSBC," the CEO of Tactical Rabbit said.

The Justice Department fined HSBC $2 billion, "which is five weeks of their profit, and that was it," he added.

Even though money laundering is generally seen as a white-collar crime, "these people have the blood of American soldiers on their hands."


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