News StoriesExcerpts of Key News Stories in Major Media
Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
This country's secret, worldwide war waged by drones may at long last be restrained by rules. But the writing of these guidelines will be overseen by President Obama, who has secretly handpicked human targets for years with few restraints. Drones barely rated a mention in the presidential campaign. But as the election drew close, nervous White House aides reportedly began debating written limitations on the use of the pilotless aircraft, which remain an off-the-books weapon. The idea, strange as it sounds, was to give the next president explicit guidance on how to use the lethal planes, which have figured in 300 strikes and killed an estimated 2,500 people in Africa, Asia and the Middle East. White House officials, according to a New York Times report, wanted a rulebook in case GOP candidate Mitt Romney won. With Obama's re-election, the urgency behind such drafting has tapered off. Obama has directed drones at human targets from a "kill list" given him by military and intelligence officials. There is no outside vetting, legal review or congressional consensus on the president's personal strike force. This is a nation of laws, due process and an expressed commitment to human rights. The White House owes the nation a clear explanation of the scope and limits of this use of deadly force.
Note: If any other nation were using drones to kill terrorists in the U.S. or Europe, there would be a huge public uproar. Why do people care so little about these indiscriminate killings elsewhere? For deeply revealing reports from reliable major media sources on drone killings and other war crimes committed by the US in its wars of aggression in the Middle East, Asia and Africa, click here.
A scathing new report released [on November 28] details how high-level political interference and institutional failures thwarted efforts to probe the 2010 collapse of Afghanistan’s largest bank, recover hundreds of millions of dollars from fraudulent loans and prosecute the influential Afghans who profited from a massive scheme to use depositors’ money as a private piggy bank. Without naming names, an independent anti-corruption committee of Afghan and international experts painted a damning portrait of foot-dragging, incompetence and blatant political manipulation involving virtually every agency that was supposed to either investigate why the Kabul Bank failed or take legal action against those responsible for looting it of more than $900 million. “Kabul Bank was nothing but a fraud perpetrated against depositors, and ultimately all Afghans,” the report says. Both the flagrant crimes and the repeated failures to pursue them, it said, reflect an array of larger, worrisome problems that permeate Afghan society and institutions, including “incapacity, nepotism, entitlement and political interference.” Over and over, the report says, supposedly independent bodies such as the attorney general’s office deferred to higher political wishes. Earlier this year, about 20 bank associates were indicted on charges including money laundering and using false documents or fictitious account names. The report quotes sources as saying that a “high-level committee,” meaning a group of powerful officials, decided which former bank associates would be charged with a crime and that prosecutors were told to “construct indictments to conform to the decisions.”
Note: For deeply revealing reports from reliable major media sources on financial corruption, click here.
When it comes to corruption in Afghanistan, the time may be now for the United States to look in the mirror and see what lessons can be learned from contracting out parts of that war. On Sept. 30, Afghan President Hamid Karzai told CBS’s “60 Minutes” that the corruption wracking his government and its people has been at a level “not ever before seen in Afghanistan.” In the 1980s, when the Soviets ran the country, the government was “not even 5 percent as corrupt,” Karzai said. “The Soviets didn’t give contracts to the relatives, brothers and the kin of the influential and high ups,” he said. “The Americans did, and they continue to do, but we get blamed for it.” The record shows Karzai has a point with which others agree. “It is time that we as Americans — in government, in the media, and as analysts and academics — took a hard look at the causes of corruption in Afghanistan. The fact is that we are at least as much to blame for what has happened as the Afghans, and we have been grindingly slow to either admit our efforts or correct them.” That was written in September 2010 by Anthony H. Cordesman ... in a Center for Strategic and International Studies report, "How America Corrupted Afghanistan." He particularly criticized the military contracting process, saying, “The bulk of the money actually spent inside Afghanistan went through poorly supervised military contracts and through aid projects where the emphasis was speed, projected starts, and measuring progress in terms of spending rather than results. U.S. and foreign contractors poured money into a limited number of Afghan powerbrokers who set up companies that were corrupt and did not perform."
Note: For deeply revealing reports from reliable major media sources on government corruption, click here.
A new Florida law that contributed to long voter lines and caused some to abandon voting altogether was intentionally designed by Florida GOP staff and consultants to inhibit Democratic voters, former GOP officials and current GOP consultants have told The Palm Beach Post. Republican leaders said in proposing the law that it was meant to save money and fight voter fraud. But a former GOP chairman and former Gov. Charlie Crist, both of whom have been ousted from the party, now say that fraud concerns were advanced only as subterfuge for the law's main purpose: GOP victory. Former Republican Party of Florida Chairman Jim Greer says he attended various meetings, beginning in 2009, at which party staffers and consultants pushed for reductions in early voting days and hours. "The Republican Party, the strategists, the consultants, they firmly believe that early voting is bad for Republican Party candidates," Greer told The Post. "It's done for one reason and one reason only. ... 'We've got to cut down on early voting because early voting is not good for us,"' Greer said he was told by those staffers and consultants. "They never came in to see me and tell me we had a (voter) fraud issue," Greer said. "It's all a marketing ploy." Greer's statements about the motivations for the party's legislative efforts, implemented by a GOP-majority House and Senate in Tallahassee in 2011, are backed by Crist — also now on the outs with the party — and two veteran GOP campaign consultants.
Note: For deeply revealing reports from reliable major media sources on corruption of the US electoral system, click here.
Tobacco companies have been ordered by a federal judge to publicly admit, through advertisements and package warnings, that they deceived American consumers for decades about the dangers of smoking. Federal Judge Gladys Kessler issued her ruling [on November 27] in one of the last legal steps settling liability in the long-running government prosecution of cigarette makers. "By ensuring that consumers know that [tobacco companies] have misled the public in the past on the issue of secondhand smoke in addition to putting forth the fact that a scientific consensus on this subject exists," said Kessler, "defendants will be less likely to attempt to argue in the future that such a consensus does not exist." Several other lawsuits over cigarette labeling are pending in federal court, part of a two-decade federal and state effort to force tobacco companies to limit their advertising, and settle billions of dollars in state and private class-action claims over the health dangers of smoking. The judge, six years ago, concluded that tobacco companies were guilty of racketeering, and had ordered them to put tougher warning labels and other language in their marketing.
Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.
Workers have raised the first section of a colossal arch-shaped structure that eventually will cover the exploded nuclear reactor at the Chernobyl power station. Upon completion, the shelter will be moved on tracks over the building containing the destroyed reactor, allowing work to begin on dismantling the reactor and disposing of radioactive waste. The shelter, shaped like a gargantuan Quonset hut, will be 257 meters by 150 meters (843 feet by 492 feet) when completed and at its apex will be higher than the Statue of Liberty. The shelter is to be moved over the reactor building by the end of 2015 — a deadline that no one wants to miss given that the so-called sarcophagus hastily built over the reactor building after the 1986 explosion has an estimated service life of about 30 years. The arch now under construction is only one of two segments that will eventually form the shelter, and so far it's only been raised to a height of 22 meters (72 feet). More structural elements have to be added before it reaches its full height of 108 meters (354 feet), and the work so far has taken seven months. The overall shelter project is budgeted at €1.54 billion ($2 billion) — €1 billion ($1.3 billion) of that for the structure itself — and much uncertainty lies ahead. Even when the shelter is in place, the area around the reactor building will remain hazardous.
Note: It is now over 25 years since the massive Chernobyl disaster and the site is still not safe. Why are we gambling our own health and the health of the planet with such risky technology when there are other alternatives that are much safer and more friendly to the environment? For deeply revealing reports from reliable major media sources on the environmental and health impacts of nuclear power, click here.
Craig Kielburger ... was in seventh grade when the death of a boy changed his life. It was a change so profound that, through Kielburger, it has now saved and transformed lives around the globe. He read about the murder of a boy his age in Pakistan. Iqbal Masih was a slave in a carpet factory. Masih escaped to lead a campaign against servitude. But within two years he was silenced. Kielburger ... made Iqbal Masih's fight his own. He talked to classmates, to Congress, to Parliament. Kielburger wanted to free children from slavery. So he went to Asia recruiting activists and government authorities to bust child sweatshops and sex traffickers. There were early successes, [but] kids he freed were being pulled back into servitude, years later, by centuries old culture and traditions shaped by poverty and illiteracy. Today, Free The Children is in 45 countries. A $30 million a year charity building schools, providing clean water, and connecting local craftsmen to world markets where their traditions bring in good money. There are two million volunteers nearly all of them under the age of 18. Free the Children today is the world's largest network of children helping children. "What that means in practice is we inspire kids. Then we give them all the tools they need to learn about these issues: speaking tours, summer leadership camps, curriculum every week. Our bet that we're making is if you give kids the inspiration and the tools to change the world, it'll change their own lives also in the process," [Kielburger said].
Note: This is a powerful example of how the younger generation is making a big difference in our world. Kielburger's charity is now in 45 countries and takes in $30 million per year. It's the largest organization of children helping children in the world. For the highly inspiring, 12-minute video of this segment, click here.
The system of so-called "shadow banking" ... grew to a new high of $67 trillion globally last year, a top regulatory group said, calling for tighter control of the sector. A report by the Financial Stability Board (FSB) [states] that shadow banking is set to thrive, beyond the reach of a regulatory net tightening around traditional banks and banking activities. The FSB, a task force from the world's top 20 economies, also called for greater regulatory control of shadow banking. The study by the FSB said shadow banking around the world more than doubled to $62 trillion in the five years to 2007 before the crisis struck. But the size of the total system had grown to $67 trillion in 2011 — more than the total economic output of all the countries in the study. The multitrillion-dollar activities of hedge funds and private equity companies are often cited as examples of shadow banking. But the term also covers investment funds, money market funds and even cash-rich firms that lend government bonds to banks, which in turn use them as security when taking credit from the European Central Bank. The United States had the largest shadow banking system, said the FSB, with assets of $23 trillion in 2011, followed by the euro area — with $22 trillion — and the United Kingdom — at $9 trillion.
Note: That's $10,000 for every man, woman, and child on the planet. Do you think the bankers are somehow manipulating the system? For deeply revealing reports from reliable major media sources on financial corruption, click here.
On the morning of Nov. 10, 2008, I awoke with the early symptoms of what proved to be an extremely severe case of bacterial meningitis. As I wrote here three weeks ago, and as I narrate in my book Proof of Heaven, over the next several hours my entire cerebral cortex shut down. Yet in spite of the complete absence of neural activity in all but the deepest, most primitive portions of my brain, my identity—my sense of self—did not go dark. Instead, I underwent the most staggering experience of my life, my consciousness traveling to another level, or dimension, or world. Brain activity and consciousness are indeed profoundly tied up with one another. But that does not mean that those bonds can’t be loosened, or even cut completely. Modern physics is pushing us [to believe] that it is consciousness that is primary and matter secondary. Totally objective observation remains a simple impossibility. And while in our ordinary earthly life we miss this fact completely, it becomes much more apparent in near-death experiences, when the body and brain cease to mediate our encounter with the larger reality and we encounter it directly. Make no mistake: consciousness is a total mystery. We simply do not know what it is. My seven-day odyssey beyond my physical body and brain convinced me that when the filter of the brain is removed, we see the universe clearly for the first time. And the multidimensional universe revealed by this trans-physical vision is not a cold, dead one, but alive with the force that, as the poet Dante wrote some 600 years ago, “moves the sun and other stars.”
Note: The author of this article, Dr. Eben Alexander, has been a neurosurgeon for the past 25 years. His engaging, best-selling book on this life-changing experience is Proof of Heaven: A Neurosurgeon's Journey into the Afterlife. For video interviews and other information on Dr. Alexander, click here. For other highly inspiring resources and stories related to near-death experiences, click here.
At around 11:25 pm EST on election night, Karl Rove knew something had gone terribly wrong. Minutes earlier, Fox News called the key battleground state of Ohio for President Obama, sealing his re-election. But as the network took live shots of jubilant Obama supporters camped outside the Obama re-election headquarters in Chicago celebrating their victory, Karl Rove began building a case against the call his employer network had just made. Rove explained that when Fox called Ohio, only 74% of the vote was in, showing President Obama with a lead of roughly 30,000 votes. But, as Rove contended, with 77% reporting according to the Ohio Secretary of State office, the President's lead had been slashed to just 991 votes. "We gotta be careful about calling the thing," Rove said. Rove was supremely confident that the numbers coming in from Ohio throughout the night that favored President Obama weren't indicative of who would win Ohio when all the votes were ultimately tabulated by the state's computers. With a quarter of the vote still out there, Rove was anticipating a shift to the Right just after 11 pm, which, coincidentally, is exactly what happened in 2004. So the question is: on election night this year, when Karl Rove was protesting the call his network had just made in Ohio, was Rove anticipating a wave of unpredicted vote totals to swing the election back to Mitt Romney after a statewide server crash, just as had happened in 2004? Just two days after Election Day ... Anonymous released a press statement claiming it did indeed prevent an attempt by Rove to steal the election for Mitt Romney.
Note: We don't normally use Truthout as a source, but as no major media sources covered this most important news, we've included it here. We have independent, reliable sources confirming that it is very likely that Rove tried to swing this election, as he did in 2004, but was stymied by an anonymous group. For another inspiring article describing how Karl Rove may have been stopped from manipulating the US elections, click here. And for a well researched articled suggesting that it was not Anonymous who stopped Karl Rove, but another group called "the protectors," click here.
WikiLeaks ... has never been charged by any government with any crime, let alone convicted of one. Despite that crucial fact, WikiLeaks has been crippled by a staggering array of extra-judicial punishment imposed either directly by the US and allied governments or with their clear acquiescence. In 2008, the Pentagon prepared a secret report ... that decreed WikiLeaks to be a "threat to the US Army" and an enemy of the US. That report plotted tactics that "would damage and potentially destroy" its ability to function. That is exactly what came to pass. In December 2010, after WikiLeaks began publishing US diplomatic cables, it was hit with cyber-attacks so massive that the group was "forced to change its web address after the company providing its domain name cut off service". Master Card and Visa both announced they would refuse to process payments to the group, as did America's largest financial institution, Bank of America. Acting in the name of Anonymous, a handful of activists targeted those companies with simple "denial of service" attacks, ones that impeded the operations of those corporate websites for a few hours. In stark contrast to the far more significant attacks aimed at WikiLeaks, these attacks, designed to protest the treatment of WikiLeaks, spawned a global manhunt by western nations and, ultimately, the arrest of dozens of mostly young alleged hackers, four of whom are now on trial in London. Last year, the FBI arrested 16 people in the US in connection with similar attacks on Master Card, Visa and Amazon, and charged them with crimes that carry 10-year prison terms.
Note: For deeply revealing reports from reliable major media sources on government corruption, click here.
[There have been] more than 300 drone strikes and some 2,500 people killed by the Central Intelligence Agency and the military since Mr. Obama first took office. Mr. Obama and his advisers are still debating whether remote-control killing should be a measure of last resort against imminent threats to the United States, or a more flexible tool, available to help allied governments attack their enemies or to prevent militants from controlling territory. Though publicly the administration presents a united front on the use of drones, behind the scenes there is longstanding tension. The administration is still pushing to make the rules formal and resolve internal uncertainty and disagreement about exactly when lethal action is justified. The Defense Department and the C.I.A. continue to press for greater latitude to carry out strikes. The administration’s legal reasoning has not persuaded many other countries that the strikes are acceptable under international law. For years before the Sept. 11, 2001, attacks, the United States routinely condemned targeted killings of suspected terrorists by Israel, and most countries still object to such measures. Partly because United Nations officials know that the United States is setting a legal and ethical precedent for other countries developing armed drones, the U.N. plans to open a unit in Geneva early next year to investigate American drone strikes.
Note: For deeply revealing reports from reliable major media sources on atrocities carried out by the US in its illegal wars of aggression in the Middle East, Asia and Africa, click here.
For several decades, the US government - in annual "human rights" reports issued by the State Department (reports mandated by the US Congress) - has formally condemned nations around the globe for the practice of indefinite detention: imprisoning people without charges or any fixed sentence. [The] 2011 report condemned numerous nations for indefinite detention, including Libya ("abuse and lack of review in detention"), Uzbekistan ("arbitrary arrest and detention"), Syria ("arbitrary arrest and detention"), and Iran ("Authorities held detainees, at times incommunicado, often for weeks or months without charge or trial"). In Afghanistan and Iraq, the US government is engaged in a fierce and protracted battle over the fundamental right to be free of indefinite detention. Specifically, the US is demanding that the governments of those two nations cease extending this right to their citizens. The US has long been demanding that the Afghan government continue the American practice of indefinite detention without charges, and still presses this demand even after the top Afghan court in September ruled that such detentions violate Afghan law. Human rights workers in Afghanistan have long pointed out that America's practice of imprisoning Afghans without charges is a major source of anti-American sentiment in the country.
Note: For deeply revealing reports from reliable major media sources on war crimes carried out by the US in its illegal wars of aggression in the Middle East, Asia and Africa, click here.
Last week, PFC Bradley Manning offered to accept responsibility for releasing classified documents as an act of conscience – not as charged by the US military. The military under the Obama administration has displayed a desire to over-prosecute whistleblowing with life-in-prison charges including espionage and "aiding the enemy", a disturbing decision which is no doubt intended to set an example. With today's advanced military technology and the continued ability of business and political elites to filter what information is made public, there exists a great barrier to many citizens being fully aware of the realities and consequences of conflicts in which their country is engaged. Responsible governance requires fully informed citizens who can question their leadership. For those citizens worldwide who do not have direct, intimate knowledge of war, yet are still affected by rising international tensions and failing economies, WikiLeaks releases attributed to Bradley Manning have provided unparalleled access to important facts. Revealing covert crimes in Iraq and Afghanistan and corporations' pervasive influence in governance, this window into the realities of modern international relations has changed the world for the better. Bradley Manning ... went through a profound moral struggle between the time he enlisted and when he became a whistleblower. Through his experience in Iraq, witnessing suffering of innocent civilians and soldiers alike, he became disturbed by top-level policy that undervalued human life. Like other courageous whistleblowers, he was driven foremost by a desire to reveal the truth.
Note: For further information, visit the Bradley Manning Support Network. For deeply revealing reports from reliable major media sources on military corruption, click here.
Two former confidants of Britain’s prime minister have been charged with conspiring to pay public officials in exchange for stories and information — the latest development in the country’s establishment-shaking scandal over media malfeasance. Britain’s Crown Prosecution Services [said] that former tabloid editors Andy Coulson and Rebekah Brooks were among five people being charged with conspiracy to commit misconduct in public office. Prosecutors said that Brooks, a neighbour, close friend, and political ally of Prime Minister David Cameron, conspired with journalist John Kay to funnel as much as Ł100,000 ($160,000) to Ministry of Defence employee Bettina Jordan Barber in return for seven years of stories that were published in Murdoch’s The Sun newspaper. The allegations cover 2004 to 2011, when Brooks was editor of The Sun and then in charge of News International, the parent company of Rupert Murdoch’s media empire. The prosecutors alleged that Coulson, who until last year served as Cameron’s top press aide, conspired in 2005 with former royal reporter Clive Goodman to pay officials for access to a royal phone directory known as the “Green Book.” The confidential directory includes home and office numbers for senior royals including two of Queen Elizabeth’s children, Prince Edward and Princess Anne, as well as the landline, office and mobile numbers of the royal household staff, the Telegraph reported.
Note: For deeply revealing reports from reliable major media sources on media corruption, click here.
Move over, adulterous generals. It might be time to make way for a new sexual rats' nest – at America's top financial police agency, the SEC. In a salacious 77-page complaint ... David Weber, the former chief investigator for the SEC Inspector General's office, accuses the SEC of retaliating against Weber for coming forward as a whistleblower. According to this lawsuit, Weber was made a target of [retaliation] after he came forward with concerns that his bosses may have been spending more time copulating than they were investigating the SEC. Weber claims that in recent years, while the SEC Inspector General's office has been attempting to investigate the agency's seemingly-negligent responses in such matters as the Bernie Madoff case and the less-well-known (but nearly as disturbing) Stanford Financial Ponzi scandal, two of the IG office's senior officials – former Inspector General David Kotz and his successor, Noelle Maloney – were sleeping together. Weber also claims that Kotz was also having an affair with a lawyer representing a key group of Stanford victims, a Dr. Gaytri Kachroo. Weber claims that Maloney last year refused to meet with Kachroo as part of the Stanford investigation. By then, Kotz had stepped down as SEC IG and Maloney had replaced him as Acting IG. Weber was fired on October 31st. Apparently he has decided not to take the firing quietly. "When David Weber began to uncover the depth of dysfunction at the SEC, they fired him," his attorney Cary Hansel said. "He has no intention of being silenced by threats and false allegations."
Note: We don't normally use Rolling Stone as a source, but this important story has not been covered elsewhere in the major media.
Scientists working on NASA's six-wheeled rover on Mars have a problem. But it's a good problem. They have some exciting new results from one of the rover's instruments. On the one hand, they'd like to tell everybody what they found, but on the other, they have to wait because they want to make sure their results are not just some fluke or error in their instrument. The exciting results are coming from an instrument in the rover called SAM. "We're getting data from SAM as we sit here and speak, and the data looks really interesting," John Grotzinger, the principal investigator for the rover mission, [said]. SAM is a kind of miniature chemistry lab. Put a sample of Martian soil or rock or even air inside SAM, and it will tell you what the sample is made of. Grotzinger says they recently put a soil sample in SAM, and the analysis shows something earthshaking. "This data is gonna be one for the history books. It's looking really good," he says. Grotzinger says it will take several weeks before he and his team are ready to talk about their latest finding.
Note: For deeply revealing reports from reliable major media sources on government secrecy, click here.
In 1988, the film “Rain Man,” about an autistic savant played by Dustin Hoffman, shed a humane light on the travails of autism while revealing the extraordinary powers of memory that a small number of otherwise mentally disabled people possess, ostensibly as a side effect of their disability. It never would have been made if [Barry] Morrow had not had a chance meeting with Kim Peek, who inspired him to write the film. Mr. Peek, who was dismissed as mentally retarded as a child and later misdiagnosed as autistic, led a sheltered life, with few people outside his family aware of his remarkable gifts. Mr. Peek was not autistic — not all savants are autistic and not all autistics are savants — but he was born with severe brain abnormalities that impaired his physical coordination and made ordinary reasoning difficult. He could not dress himself or brush his teeth without help. He found metaphoric language incomprehensible and conceptualization baffling. But with an astonishing skill that allowed him to read facing pages of a book at once — one with each eye — he read as many as 12,000 volumes. Even more remarkable, he could remember what he had read. Almost all documented savants — people with an extraordinary depth of knowledge and the ability to recall it — have been restricted in their expertise to specific fields like mathematics, chess, art or music. But Mr. Peek had a wide range of interests and could instantly answer the most arcane questions on subjects as diverse as history, sports, music, geography and movies.
Note: For a fascinating 10-minute film on Kim Peek, click here. For a wealth of others with mind-boggling capabilities, click here.
In a helicopter above [New York City], Stephen Wiltshire of London looked down at the streets and sprawl. He flew for 20 minutes. Since then, working only from the memory of that sight, he has been sketching and drawing a mighty panorama of the city, rendering the city’s 305 square miles along an arc of paper that is 19 feet long. He is working publicly in a gallery at the Pratt Institute in Brooklyn. “I always memorize by helicopter,” he said, pausing from detailing the corners of a street on the Brooklyn side of the Williamsburg Bridge. Mr. Wiltshire sees and draws. It is how he connects. Until age 5, he had never uttered a word. One day, his kindergarten class at a school for autistic children in London went on a field trip. When they came back, he spoke. “He said, ‘Paper,’ ” his sister, Annette Wiltshire, said. “The teacher asked him to say it again. He said it. Then they asked him to say something else, and he said, ‘Pen.’ ” With pen and paper in hand, he drew what he had seen that day. In time, a clever teacher taught him the alphabet by associating each letter with a place he had drawn — “a” for Albert Hall, “b” for Buckingham Palace, and so on. Now 35, he has already drawn eight major cities after flyovers. He has his own Web site and gallery. By unpacking in exquisite detail the riches that he absorbs in a glimpse, Mr. Wiltshire has built a bridge to the world that had once been cut off to him.
Note: For an intriguing five-minute film on Stephen Wiltshire, click here. For a wealth of information about other people with mind-boggling capabilities, 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 stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.