A top HSBC boss has been arrested at JFK International Airport on suspicion of fraud amid a bout of mass arrests at the bank.
Mark Johnson, HSBC’s global head of foreign-exchange cash trading, was arrested on Tuesday as he attempted to leave the United States.
BYPASS THE CENSORS
Sign up to get unfiltered news delivered straight to your inbox.
NBC News reports:
Coolio Was About To Take Down Hollywood Pedophile Ring Before He Died
Pope Francis Vows To Usher In ‘One World Religion’
Bill Gates Caught Admitting ‘Climate Change Is WEF Scam’ to Inner Circle
Elites Panic As Queen’s Death Threatens To Expose Pedophile Ring
WEF Anoint Charles ‘The Great Reset King’
WEF To Force Public To Wear ‘Brain Implants’ So the Elite Can Read Their Minds
Woody Harrelson Slams Big Pharma: 'The Last People You Should Trust With Your Health'
NASA Insider Confesses on Deathbed: I Filmed Fake Moon Landing in 1969
Disney’s ‘Little Demon’ Is Normalizing Satanism and Pedophilia for the Masses
He faces charges following a three-year investigation into currency trading practices at multiple global banks.
In addition, Stuart Scott, the former head of the bank’s Europe desk, also faces wire fraud conspiracy charges, according to the New York Times, which also reported that Johnson and Scott made a $3 million profit on the trade. The deal in question apparently involved an oil and gas company that wanted to exchange U.S. dollars with British pounds.
HSBC declined comment on the matter. The Justice Department in New York was not immediately available and have not yet released information.
The investigation into currency rigging has been ongoing for three years but has resulted in no individual arrests until this week. Johnson is expected to appear in court Wednesday on a conspiracy to commit wire fraud charge, according to Bloomberg.
Banks have paid billions in fines resulting from investigations, with Citigroup, HSBC, JPMorgan Chase, RBS and UBS forced to pay $3.1 billion in fines from Britain’s Financial Conduct Authority and the Commodity Futures Trading Commission in the US. JPMorgan, Citi and Bank of America also had to pay separately $950 million for unsafe practices, while UBS shelled out an additional $138 million to the Swiss Financial Market Supervisory Authority for improper business conduct.