By Patrick Clark 5/03/12 12:09pm

Toxic

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When Your Anti-Money Laundering Unit is Compared to A Nuclear Waste Dump

It’s bad enough to have U.S. attorneys poking around your anti-money laundering unit, worse still when those pesky reporters get hold of the documents. That’s the spot HSBC finds itself in this morning, after Reuters put out a massive story on the state of affairs at the British lender’s U.S. bank.

The short-story: Reuters got hold of a draft letter from U.S. attorney William J. Ihlenfeld II to justice department officials alleging HSBC had created an anti-money laundering operation that was a “systemically flawed sham paper-product designed solely to make it appear that the Bank has complied.” Read More

By Staff 2/07/07 9:15am

Scrappy, But No Complaints

Despite all the finger-pointing and charges of voter suppression, there were no complaints made about yesterday’s special election in Nassau to the US Attorney’s Office in the Eastern District, a spokesman at the office told me via email late yesterday.

There was plenty of last minute legal maneuvering on the local Read More

By Staff 3/03/06 5:29pm

Petrocelli Hires Well

Petrocelli Electric, whose office was raided yesterday in connection to Operation City Lights, just issued a statement to defend their “impeccable reputation for integrity, excellent service and devotion to our customers, which we are committed to preserving.”

They note:

A representative of the U.S. Attorney’s Office has advised our counsel that neither Petrocelli Read More