Government Corruption News Articles

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Former U.S. Sen. Bob Graham has accused the FBI in court papers of having impeded Congress’s Joint Inquiry into 9/11 by withholding information about a Florida connection to the ... attacks that killed nearly 3,000 people. The information ... includes a recently declassified FBI report that ties a Saudi family who once lived in Sarasota “to individuals associated with the terrorist attacks on 9/11/2001.” “The FBI’s failure to call (to the Joint Inquiry’s attention) documents finding ‘many connections’ between Saudis living in the United States and individuals associated with the terrorist attack(s) … interfered with the Inquiry’s ability to complete its mission,” said Graham, co-chairman of the Joint Inquiry. Graham said the FBI kept the 9/11 Commission in the dark, too. He said co-chairmen Thomas Kean and Lee Hamilton and executive director Philip Zelikow all told him they were unaware of the FBI’s Sarasota investigation. Moreover, Graham stated that Deputy FBI Director Sean Joyce, the Bureau’s second in command, personally intervened to block him from speaking with the special agent-in-charge of the Sarasota investigation. “I am troubled by what appears to me to be a persistent effort by the FBI to conceal from the American people information concerning possible Saudi support of the Sept. 11 attacks,” Florida’s former governor said.

Note: For deeply revealing reports from reliable major media sources on the 9/11 attacks, click here.

Toward the end of a May 27 article in The Times about President Obama’s speech in which, among other things, he mentioned setting new standards for ordering drone strikes against non-Americans, there was this rather disturbing paragraph: “Even as he set new standards, a debate broke out about what they actually meant and what would actually change. For now, officials said, ‘signature strikes’ targeting groups of unidentified armed men presumed to be extremists will continue in the Pakistani tribal areas.” As Glenn Greenwald has pointed out, those two sentences seem to contradict the entire tenor of Mr. Obama’s speech, and of a letter to Congress from Attorney General Eric Holder. Both men seemed to be saying that the administration would stop using unmanned drones to kill targets merely suspected, due to their location or their actions, of a link to Al Qaeda or another terrorist organization. Those strikes have resulted in untold civilian casualties that have poisoned America’s relationship with Yemen and Pakistan. Mr. Obama talked at some length about civilian casualties, and also said that the need to use drone strikes against “forces that are massing to support attacks on coalition forces” will disappear once American forces withdraw from Afghanistan at the end of 2014. But so what to make of that paragraph in the May 27 article? I asked the White House. What I got in response was part of a background briefing given after the president’s speech that repeated the language about how the need for signature strikes will fade.

Note: Drone strikes often miss their intended targets and reportedly create more terrorists than they kill. Casualties of war whose identities are unknown are frequently mis-reported to be "militants". For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.

U.S. taxpayers are footing the bill for overseas lobbying that promotes controversial biotech crops developed by U.S.-based Monsanto Co and other seed makers, a report issued on [May 14] said. A review of 926 diplomatic cables of correspondence to and from the U.S. State Department and embassies in more than 100 countries found that State Department officials actively promoted the commercialization of specific biotech seeds, according to the report issued by Food & Water Watch, a nonprofit consumer protection group. The officials tried to quash public criticism of particular companies and facilitated negotiations between foreign governments and seed companies such as Monsanto over issues like patents and intellectual property, the report said. The cables show U.S. diplomats supporting Monsanto, the world's largest seed company, in foreign countries even after it paid $1.5 million in fines after being charged with bribing an Indonesian official and violating the Foreign Corrupt Practices Act in 2005. One 2009 cable shows the embassy in Spain seeking "high-level U.S. government intervention" at the "urgent request" of Monsanto to combat biotech crop opponents there. The report covered cables from 2005-2009 that were released by Wikileaks in 2010. "It really goes beyond promoting the U.S.'s biotech industry and agriculture," said Wenonah Hauter, executive director of Food & Water Watch. "It really gets down to twisting the arms of countries and working to undermine local democratic movements that may be opposed to biotech crops."

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.

Senior Internal Revenue Service officials knew agents were targeting Tea Party groups as early as 2011, according to a draft of an inspector general’s report obtained by The Associated Press that seemingly contradicts public statements by the IRS commissioner. The IRS apologized [on May 10] for what it acknowledged was “inappropriate” targeting of conservative political groups during the 2012 election to see if they were violating their tax-exempt status. The agency blamed low-level employees, saying no high-level officials were aware. But on June 29, 2011, Lois G. Lerner, who heads the IRS division that oversees tax-exempt organizations, learned at a meeting that groups were being targeted, according to the watchdog’s report. At the meeting, she was told that groups with “Tea Party,” ‘’Patriot” or “9/12 Project” in their names were being flagged for additional and often burdensome scrutiny, the report says. The 9-12 Project is a group started by conservative TV personality Glenn Beck. Lerner instructed agents to change the criteria for flagging groups “immediately,” the report says. ” On Jan, 25, 2012, the criteria for flagging suspect groups was changed to, “political action type organizations involved in limiting/expanding Government, educating on the Constitution and Bill of Rights, social economic reform/movement,” the report says.

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.

A dozen years after the terrorist attacks of Sept. 11, 2001, an independent, nonpartisan panel’s examination of the interrogation and detention programs carried out in their aftermath by the Bush administration ... provides a valuable, even necessary reckoning. The work of the [11-member task force convened by the Constitution Project, a legal research and advocacy group] is informed by interviews with dozens of former American and foreign officials, as well as with former prisoners. It is the fullest independent effort so far to assess the treatment of detainees at Guantánamo Bay, in Afghanistan and Iraq, and at the C.I.A.’s secret prisons. The report’s authoritative conclusion that “the United States engaged in the practice of torture” is impossible to dismiss. The report found that those methods violated international legal obligations with “no firm or persuasive evidence” that they produced valuable information that could not have been obtained by other means. The task force found that using torture — like waterboarding, slamming prisoners into walls, and chaining them in uncomfortable stress position for hours — had “no justification”. And in engineering “enforced disappearances” and secret detentions, the United States violated its international treaty obligations. As the panel notes, there never was before “the kind of considered and detailed discussions that occurred after 9/11 directly involving a president and his top advisers on the wisdom, propriety and legality of inflicting pain and torment on some detainees in our custody.”

Note: For another informative article on this from the Times, click here.

All 104 nuclear power reactors now in operation in the United States have a safety problem that cannot be fixed and they should be replaced with newer technology, the former chairman of the Nuclear Regulatory Commission said on [April 8]. Shutting them all down at once is not practical, he said, but he supports phasing them out rather than trying to extend their lives. The position of the former chairman, Gregory B. Jaczko, is not unusual in that various anti-nuclear groups take the same stance. But it is highly unusual for a former head of the nuclear commission to so bluntly criticize an industry whose safety he was previously in charge of ensuring. Dr. Jaczko made his remarks at the Carnegie International Nuclear Policy Conference in Washington in a session about the Fukushima accident. Dr. Jaczko said that many American reactors that had received permission from the nuclear commission to operate for 20 years beyond their initial 40-year licenses probably would not last that long. He also rejected as unfeasible changes proposed by the commission that would allow reactor owners to apply for a second 20-year extension, meaning that some reactors would run for a total of 80 years. Dr. Jaczko resigned as chairman last summer after months of conflict with his four colleagues on the commission. He often voted in the minority on various safety questions, advocated more vigorous safety improvements, and was regarded with deep suspicion by the nuclear industry.

Note: For deeply revealing reports from reliable major media sources on grave risks caused by corruption in the nuclear power industry, click here.

On December 7, 1941, Japanese war planes bombed the U.S. naval base at Pearl Harbor, Hawaii. Six decades later, Al Qaeda terrorists flew hijacked airplanes into the World Trade Center and the Pentagon. Neither President Franklin Roosevelt nor President George W. Bush targeted and killed Americans on U.S. soil in the aftermath of those attacks. Doing so wouldn't have made any sense. How strange, then, that Attorney General Eric Holder invoked those very attacks in a letter confirming that President Obama believes there are circumstances in which he could order Americans targeted and killed on U.S. soil. "It is possible ... for the President to authorize the military to use lethal force within the territory of the United States," he wrote. "The President could conceivably have no choice but to authorize the military to use such force if necessary to protect the homeland in the circumstances of a catastrophic attack like the ones suffered on December 7, 1941 and on September 11, 2001." The very scenario to be guarded against is a president using the pretext of a terrorist attack to seize extraordinary powers. Isn't that among the most likely scenarios for the United States turning into an authoritarian security state?

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the erosion of civil liberties.

The Government has secretly ramped up a controversial programme that strips people of their British citizenship on national security grounds – with two of the men subsequently killed by American drone attacks. Since 2010, the Home Secretary, Theresa May, has revoked the passports of 16 individuals, many of whom are alleged to have had links to militant or terrorist groups. Critics of the programme warn that it allows ministers to “wash their hands” of British nationals suspected of terrorism who could be subject to torture and illegal detention abroad. They add that it also allows those stripped of their citizenship to be killed or “rendered” without any onus on the British Government to intervene. At least five of those deprived of their UK nationality ... were born in Britain, and one man had lived in the country for almost 50 years. Those affected have their passports cancelled, and lose their right to enter the UK – making it very difficult to appeal. The leading human rights lawyer Gareth Peirce said the present situation “smacked of mediaeval exile, just as cruel and just as arbitrary”. Ian Macdonald QC, the president of the Immigration Law Practitioners’ Association, described the citizenship orders as “sinister”. “It’s not open government; it’s closed, and it needs to be exposed.” Government officials act when people are out of the country – on two occasions while on holiday – before cancelling passports and revoking citizenships.

Note: For deeply revealing reports from reliable major media sources on crimes committed in wars of aggression, click here.

The Texas Medical Center [is] a nearly 1,300-acre, 280-building complex of hospitals and related medical facilities, of which MD Anderson is the lead brand name. Medicine had obviously become a huge business. In fact, of Houston’s top 10 employers, five are hospitals, including MD Anderson with 19,000 employees. How did that happen? Where’s all that money coming from? And where is it going? I have spent the past seven months trying to find out by analyzing a variety of bills from hospitals like MD Anderson, doctors, drug companies and every other player in the American health care ecosystem. When you look behind the bills that ... patients receive, you see nothing rational — no rhyme or reason — about the costs they faced in a marketplace they enter through no choice of their own. The only constant is the sticker shock for the patients who are asked to pay. Yet those who work in the health care industry and those who argue over health care policy seem inured to the shock. Why exactly are the bills so high? What are the reasons ... that cancer means a half-million- or million-dollar tab? Why should a trip to the emergency room for chest pains that turn out to be indigestion bring a bill that can exceed the cost of a semester of college? What makes a single dose of even the most wonderful wonder drug cost thousands of dollars? Why does simple lab work done during a few days in a hospital cost more than a car? And what is so different about the medical ecosystem that causes technology advances to drive bills up instead of down?

Note: For the amazing answers to all these questions, read this detailed investigative report in its entirety at the link above. For more on corruption in the medical industry, click here.

Jaime Rosenthal, a senior at Washington University in St. Louis, called more than 100 hospitals in every state last summer, seeking prices for a hip replacement for a 62-year-old grandmother who was uninsured but had the means to pay herself. Only about half of the hospitals, including top-ranked orthopedic centers and community hospitals, could provide any sort of price estimate, despite repeated calls. Those that could gave quotes that varied by a factor of more than 10, from $11,100 to $125,798. Rosenthal's grandmother was fictitious, created for a summer research project on health care costs. But the findings, which form the basis of a paper released Monday by JAMA Internal Medicine, [highlight] the unsustainable growth of U.S. health care costs and an opaque medical system in which prices are often hidden from consumers. Although many experts have said that Americans must become more discerning consumers to help rein in health care costs, the study illustrates how hard that can be. Researchers emphasized that studies have found little consistent correlation between higher prices and better quality in U.S. health care. Cram said there was no data that "Mercedes" hip implants were better than cheaper options, for example. Jamie Court, the president of Consumer Watchdog in Santa Monica, said: "If one hospital can put in a hip for $12,000, then every hospital should be able to do it." With such immense variation in prices, he said, "There is no real price. It's about profit."

Note: For deeply revealing reports from reliable major media sources on corruption in the health care industry, click here.

With studies suggesting that long lines at the polls cost Democrats hundreds of thousands of votes in November, party leaders are beginning a push to make voting and voter registration easier, setting up a likely new conflict with Republicans over a deeply polarizing issue. Democrats in the House and Senate have already introduced bills that would require states to provide online voter registration and allow at least 15 days of early voting, among other things. Fourteen states are also considering whether to expand early voting, including the battlegrounds of Florida, Ohio and Virginia, according to FairVote, a nonprofit group that advocates electoral change. Several recent polls and studies suggest that long waiting times in some places depressed turnout in 2012 and that lines were longest in cities, where Democrats outnumber Republicans. In a New York Times/CBS News poll taken shortly after Election Day, 18 percent of Democrats said they waited at least a half-hour to vote, compared with 11 percent of independents and 9 percent of Republicans. A Massachusetts Institute of Technology analysis determined that blacks and Hispanics waited nearly twice as long in line to vote on average than whites. Florida had the nation’s longest lines, at 45 minutes, followed by the District of Columbia, Maryland, South Carolina and Virginia, according to Charles Stewart III, the political science professor who conducted the analysis. A separate analysis, by an Ohio State University professor and The Orlando Sentinel, concluded that more than 200,000 voters in Florida “gave up in frustration” without voting.

Note: For deeply revealing reports from reliable major media sources on major inadequacies in US electoral procedures, click here.

The president has a clandestine network targeting a 'kill list' justified by secret laws. How is that different than a death squad? The film Dirty Wars, which premiered at Sundance ... tracks the Joint Special Operations Command (JSOC), a network of highly-trained, completely unaccountable US assassins, armed with ever-expanding "kill lists". [Narrator Jeremy] Scahill and [director Rick] Rowley track this new model of US warfare that strikes at civilians and insurgents alike – in 70 countries. They interview former JSOC assassins, who are shell-shocked at how the "kill lists" they are given keep expanding, even as they eliminate more and more people. Our conventional forces are subject to international laws of war: they are accountable for crimes in courts martial; and they run according to a clear chain of command. As much as the US military may fall short of these standards at times, it is a model of lawfulness compared with JSOC, which has far greater scope to undertake the commission of extra-legal operations – and unimaginable crimes. JSOC morphs the secretive, unaccountable mercenary model of private military contracting, which Scahill identified in Blackwater: The Rise of the World's Most Powerful Mercenary Army, into a hybrid with the firepower and intelligence backup of our full state resources. JSOC operates outside the traditional chain of command; it reports directly to the president of the United States. What does it means for the president to have an unaccountable paramilitary force, which can assassinate anyone anywhere in the world?

Note: For more on JSOC, click here.

PBS' Frontline program on [January 22] broadcast a new one-hour report on one of the greatest and most shameful failings of the Obama administration: the lack of even a single arrest or prosecution of any senior Wall Street banker for the systemic fraud that precipitated the 2008 financial crisis: a crisis from which millions of people around the world are still suffering. What this program particularly demonstrated was that the Obama justice department, in particular the Chief of its Criminal Division, Lanny Breuer, never even tried to hold the high-level criminals accountable. What Obama justice officials did instead is exactly what they did in the face of high-level Bush era crimes of torture and warrantless eavesdropping: namely, acted to protect the most powerful factions in the society in the face of overwhelming evidence of serious criminality. Worst of all, Obama justice officials both shielded and feted these Wall Street oligarchs ... as they simultaneously prosecuted and imprisoned powerless Americans for far more trivial transgressions. As Harvard law professor Larry Lessig put it two weeks ago when expressing anger over the DOJ's persecution of Aaron Swartz: "we live in a world where the architects of the financial crisis regularly dine at the White House." As [documented in the] 2011 book on America's two-tiered justice system, With Liberty and Justice for Some: How the Law Is Used to Destroy Equality and Protect the Powerful, the evidence that felonies were committed by Wall Street is overwhelming.

Note: To watch this highly revealing PBS documentary, click here or here. For deeply revealing reports from reliable major media sources on the collusion between government 'regulators' and the financial powers they 'regulate', click here.

It's been revealed that the United States and New Zealand conducted secret tests in the 1940s of a 'tsunami bomb' designed to inundate coastal cities. Thousands of underwater tests were carried out near Auckland during the Second World War and showed such a weapon was feasible. The top-secret operation code-named, ''Project Seal'', was shelved just months before the atomic bomb was used on Japan in 1945. The secret plans have been uncovered during research by a New Zealand author and filmmaker, Ray Waru. EMILY BOURKE: Where were these tests carried out? RAY WARU: They were carried out at one of ... New Zealand's most well-known holiday spots, the Whangaparaoa Peninsula just north of Auckland. Over a period of several months they carried out almost 4,000 test explosions to kind of calibrate the size of the explosions, the number of explosions and the depth of the explosion in the water would need to be in order to create a tsunami effect. EMILY BOURKE: Was there any damage that occurred as a result of the research and those tests? RAY WARU: No. They never actually produced a tidal wave. They decided at the end if there were 2 million kilograms and they were detonated in an array a specific number of kilometres from the shore that they would produce a wave ... about ten or 12 ... metres in height. That would have been enough to wash out a shore installation. EMILY BOURKE: Were these tests carried out at the behest of the United States? Did the United States fund it? RAY WARU: Yes they were [and] they were carried out with the full cooperation of the New Zealand government.

Note: This article was published on the website of Australian Broadcasting Corporation, Australia's equivalent of the BBC. A 1999 article in New Zealand's leading newspaper at this link also discusses this secret tsunami bomb. For a very well researched webpage on HAARP, a secret weapon allegedly used for weather control and much more, click here.

Some world leaders live in palaces. Some enjoy perks like having a discreet butler, a fleet of yachts or a wine cellar with vintage Champagnes. Then there is JosĂ© Mujica, the former guerrilla who is Uruguay's president. He lives in a run-down house on Montevideo's outskirts with no servants at all. His security detail: two plainclothes officers parked on a dirt road. In a deliberate statement to this cattle-exporting nation of 3.3 million people, Mr. Mujica, 77, shunned the opulent Suárez y Reyes presidential mansion, with its staff of 42, remaining instead in the home where he and his wife have lived for years, on a plot of land where they grow chrysanthemums for sale in local markets. His net worth upon taking office in 2010 amounted to about $1,800 – the value of the 1987 Volkswagen Beetle parked in his garage. He never wears a tie and donates about 90 percent of his salary, largely to a program for expanding housing for the poor. His current brand of low-key radicalism ... exemplifies Uruguay's emergence as arguably Latin America's most socially liberal country. Under Mr. Mujica, who took office in 2010, Uruguay has drawn attention for seeking to legalize marijuana and same-sex marriage, while also enacting one of the region's most sweeping abortion rights laws and sharply boosting the use of renewable energy sources like wind and biomass. For democracy to function properly, [Mujica] argues, elected leaders should be taken down a notch. "We have done everything possible to make the presidency less venerated," Mr. Mujica said in an interview one recent morning, after preparing a serving in his kitchen of mate.

Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.

The FBI suspected within days of the Sept. 11, 2001, terrorist attacks that the American Muslim cleric Anwar al-Awlaki may have purchased tickets for some of the hijackers for air travel in advance of the attacks, according to newly released documents. The heavily redacted records – obtained by Judicial Watch through a [FOIA] request – suggest the FBI held evidence tying the American-born cleric to the hijackers just 16 days after the attack that killed nearly 3,000 Americans. “We have FBI documents showing that the FBI knew that al-Awlaki had bought three tickets for three of the hijackers to fly into Florida and into Las Vegas, including the lead hijacker, Mohammad Atta,” Tom Fitton, president of Judicial Watch, told Fox News. He added that the records show the cleric, killed in September 2011 by a U.S. drone strike in Yemen, “was a central focus of the FBI's investigation of 9/11. They show he wasn't cooperative. And they show that he was under surveillance.” The cleric was a guest speaker on moderate Islam at a Pentagon executive dining room in February 2002. The newly released documents now suggest the FBI knew five months earlier of al-Awlaki’s probable link to the hijackers. Al-Awlaki was held at New York City’s JFK airport on Oct. 10, 2002, under a warrant for passport fraud, a felony punishable by 10 years. However, ... an FBI agent, Wade Ammerman, from the bureau’s Washington field office ordered the cleric be released from custody, even though there was an active warrant for his arrest.

Note: Click here to view the more than 200 pages of documents obtained by Judicial Watch. Isn't it quite strange that the continuously monitored Al-Awlaki was breakfasting with the Pentagon brass and was released from custody by the FBI, after the 9/11 attacks? Could his assassination by drone have been for the purpose of keeping him quiet about what he knew concerning 9/11?

It is a dark day for the rule of law. Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system. They also have not charged any top HSBC banker in the case, though it boggles the mind that a bank could launder money as HSBC did without anyone in a position of authority making culpable decisions. Clearly, the government has bought into the notion that too big to fail is too big to jail. When prosecutors choose not to prosecute to the full extent of the law in a case as egregious as this, the law itself is diminished. The deterrence that comes from the threat of criminal prosecution is weakened, if not lost. In the HSBC case, prosecutors may want the public to focus on the $1.92 billion settlement. But even large financial settlements are small compared with the size of international major banks. More important, once criminal sanctions are considered off limits, penalties and forfeitures become just another cost of doing business, a risk factor to consider on the road to profits. If banks operating at the center of the global economy cannot be held fully accountable, the solution is to reduce their size by breaking them up and restricting their activities — not shield them and their leaders from prosecution for illegal activities.

Note: For deeply revealing reports from reliable major media sources on government collusion with financial corruption, click here.

Through Freedom of Information Act requests and interviews with officials at numerous agencies, The Wall Street Journal has reconstructed the clash over the counterterrorism program within the administration of President Barack Obama. The attorney general [has] signed the changes into effect. The rules now allow the little-known National Counterterrorism Center to examine the government files of U.S. citizens for possible criminal behavior, even if there is no reason to suspect them. That is a departure from past practice, which barred the agency from storing information about ordinary Americans unless a person was a terror suspect or related to an investigation. Now, NCTC can copy entire government databases—flight records, casino-employee lists, the names of Americans hosting foreign-exchange students and many others. The agency has new authority to keep data about innocent U.S. citizens for up to five years, and to analyze it for suspicious patterns of behavior. Previously, both were prohibited. Data about Americans "reasonably believed to constitute terrorism information" may be permanently retained. "It's breathtaking" in its scope, said a former senior administration official. The Fourth Amendment of the Constitution says that searches of "persons, houses, papers and effects" shouldn't be conducted without "probable cause" that a crime has been committed.

Note: This article requires subscription to view at the link above. To read it for free, click here. For analysis of this sweeping increase in government privacy invasions, click here. For deeply revealing reports from reliable major media sources on government privacy invasions, click here.

A German man committed to a high-security psychiatric hospital after being accused of fabricating a story of money-laundering activities at a major bank is to have his case reviewed after evidence has emerged proving the validity of his claims. Gustl Mollath, 56, was submitted to the secure unit of a psychiatric hospital seven years ago after court experts diagnosed him with paranoid personality disorder following his claims that staff at the Hypo Vereinsbank (HVB) – including his wife, then an assets consultant at HVB – had been illegally smuggling large sums of money into Switzerland. Mollath was tried in 2006 after his ex-wife accused him of causing her physical harm. He denied the charges, claiming she was trying to sully his name in the light of the evidence he allegedly had against her. He was admitted to the clinic, where he has remained against his will ever since. But recent evidence brought to the attention of state prosecutors shows that money-laundering activities were indeed practiced over several years by members of staff at the Munich-based bank, the sixth-largest private financial institute in Germany. A number of employees, including Mollath's wife, were subsequently sacked following the bank's investigation. The "Mollath affair", as it has been dubbed by the German media, has taken on such political dimensions that it now threatens to bring down the government of Bavaria.

Note: For deeply revealing reports from reliable major media sources on financial corruption, click here.

Britain’s biggest bank is at the centre of a major ... investigation after it opened offshore accounts in Jersey for serious criminals living in this country. Tax authorities have obtained details of every British client of HSBC in Jersey after a whistleblower secretly provided a detailed list of names, addresses and account balances earlier this week. Among those identified on the list are Daniel Bayes, a drug dealer who is now in Venezuela; Michael Lee, who was convicted of possessing more than 300 weapons at his house in Devon; three bankers facing major fraud allegations and a man once dubbed London’s “number two computer crook”. The disclosures raise serious questions about HSBC’s procedures in Jersey, with the bank already preparing to pay fines of around $1.5 billion in America for breaking money laundering rules. The bank is legally obliged to report to the authorities any suspicions about the source of money deposited in its accounts. The list identifies 4,388 people holding Ł699 million in offshore current accounts and they are also likely to have billions of pounds more in investment schemes. Several celebrities and other well-known figures are understood to be identified in the client data. The HSBC Jersey client list is understood to be heavily dominated by senior figures in the City. Dozens of bankers are understood to have deposited six-figure sums offshore with some institutions said to have “clusters” of employees taking advantage of the accounts. Doctors, mining and oil executives and oil workers are also heavily represented in the list.

Note: For deeply revealing reports from reliable major media sources on financial corruption and criminality, click here.

Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.