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.”
Last Wednesday, inside a wood-paneled courtroom with gold taffeta curtains and wall-to-wall carpet patterned with federal seals, Raj Rajaratnam, billionaire founder of the Galleon hedge fund, stared at a far-off point in space. The man at the center of the government’s biggest insider-trading case ever, flanked by five of his attorneys and free on $100 Read More
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 Read More
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.”
A representative of the U.S. Attorney’s Office has advised our counsel that neither Read More