HSBC Boss Involved in Laundering Drug Money Gets Big Bonus

[celtic_crippler]

"Damn, it feels good to be a gangsta'...

Article: http://www.dailymail.co.uk/news/art...boss-bank-laundered-drug-money-pocket-2m.html

Stuart Gulliver is expected to receive a windfall of around £2million as part of a total pay and benefits package worth between £6million and £7million for 2012.

Mr Gulliver’s bumper payout comes just months after the bank was slapped with a £1.25billion fine by US regulators following accusations it laundered billions of pounds for rogue states and drug cartels through its America division.

Reports like these continue to confound me regarding the "War on Drugs." The top-dogs making the real money off this failed policy never get jailed and continue to get richer. The only ones rotting in jail and feeding the ever-bloated prison industry are low-level street thugs who are replaced as quickly as they're taken off the streets and the simple user who would better benefit from a medical approach than a punitive one. But the goal isn't healing them, it's to put them out of sight so they'll be out of mind.

The extent of corruption and double-standards applied to the Elite are mind boggling, but nobody seems to notice or care.

It truely sickens me.

Rant complete, you may now return to your regularly scheduled apathy.

 

[granfire]

and who says 'crime does not pay'?

 

[Tez3]

Well crime might pay so some but this chap is in charge of a completely different part of the HSBC and has nothing to do with the subsidiary that was found guilty of money laundering in the USA. http://en.wikipedia.org/wiki/HSBC_Bank_USA
"HSBC Bank USA was the ninth largest bank at the end of 2008 as an individual bank. (Not including subsidiaries)" As an American bank this is why it was only fined $1.9 and no action taken against the bankers.

 

[celtic_crippler]

and who says 'crime does not pay'?

Not the Elite. For them, it pays quite well.

 

[Tez3]

Not the Elite. For them, it pays quite well.

Well, it was your courts that let the American HSBC get away with just a fine.

I would complain about the payout not because a bank he had nothing to do with was engaged in criminal activities but because the bank he does work for made losses. These losses were caused by fines for mis-selling PPIs.