Skip to comments.
HSBC Global Head Of FX Cash Trading Arrested At JFK Airport
zerohedge ^
| 7/20
| durden
Posted on 07/20/2016 7:00:32 AM PDT by RummyChick
A historic event took place moments ago when Mark Johnson, the global head of cash FX at HSBC was arrested at JFK airport for his role in a "conspiracy to rig currency benchmarks", and specifically for frontrunning customer orders. He is the first person charged by the US in the ongoing FX rigging probe.
As Bloomberg reports, a "senior manager at HSBC Holdings Plc was arrested in New York for his role in a conspiracy to rig currency benchmarks, according to two people familiar with the matter, becoming the first person to be charged in the Justice Department’s three-year investigation into foreign-exchange rigging at global banks."
(Excerpt) Read more at zerohedge.com ...
TOPICS: News/Current Events
KEYWORDS: 2americas; 2tiersoflaw; benghazirico; clinton; clintoncrimefamily; clintonrico; comeyrico; currencymanipulation; currencytrader; dojrico; hillaryhrico; holderrico; hsbc; hsbcrico; lynchrico; markjohnson; sorosrico
Comey and Clinton both have had connections to HSBC
To: RummyChick
why do i not trust anything our JustUs Dept does?
2
posted on
07/20/2016 7:03:59 AM PDT
by
uncitizen
(Gloves OFF! Go Trump!)
To: RummyChick
Maybe Hillary can show Mr. Johnson the joys of cattle futures trading after he gets out of the slammer.
3
posted on
07/20/2016 7:06:52 AM PDT
by
Paulie
(America without Christ is like a Chemistry book without the periodic table.)
To: RummyChick
4
posted on
07/20/2016 7:07:36 AM PDT
by
DUMBGRUNT
(Looks like it's pretty hairy.)
To: RummyChick
Looks like they didn’t donate their fair share to the DNC and the Foundation.
5
posted on
07/20/2016 7:08:30 AM PDT
by
fella
("As it was before Noah so shall it be again,")
To: RummyChick
Comey and Lynch and Holder have SOLD justice.
They did not uphold the US Constitution, and have
been ONLY saved by the ultracorrupt GOPe
that has done NOTHING for 8 years.
6
posted on
07/20/2016 7:11:14 AM PDT
by
Diogenesis
("When a crime is unpunished, the world is unbalanced.")
To: uncitizen
"why do i not trust anything our JustUs Dept does?" see reply #1.
7
posted on
07/20/2016 7:18:04 AM PDT
by
thinden
To: uncitizen
Exactly! Here comes Lucy with that damned football.
8
posted on
07/20/2016 7:18:31 AM PDT
by
wastoute
(Government cannot redistribute wealth. Government can only redistribute poverty.)
To: RummyChick
Comey’s fault; from his time as a Banker Gangster at the same Bank.
9
posted on
07/20/2016 7:19:16 AM PDT
by
Paladin2
(auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
To: thinden
Department Of Jokers
10
posted on
07/20/2016 7:20:44 AM PDT
by
Paladin2
(auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
To: RummyChick
This story reminds me...why isn’t Corzine in prison!?
11
posted on
07/20/2016 7:37:31 AM PDT
by
Prov1322
(Enjoy my wife's incredible artwork at www.watercolorARTwork.com! (This space no longer for rent))
To: RummyChick
This guy has the goods on Comey, Clinton, Lynch, et,al.
A billionaire money manager is only a criminal in two circumstances.
1) He or she does not pay the fair cut to progressives and their causes.
2) They have first hand knowledge of criminal activities of high level politicians and appear to have become free rolling deck canons.
Need proof? Mark Rich.
12
posted on
07/20/2016 7:45:18 AM PDT
by
blackdog
(There is no such thing as healing, only a balance between destructive and constructive forces.)
To: RummyChick
Big deal, he’ll pay a fine and be on his way.
13
posted on
07/20/2016 8:06:10 AM PDT
by
Wolfie
To: maggief
14
posted on
07/20/2016 8:33:58 AM PDT
by
thouworm
("To anger a conservative, lie to him. To anger a liberal, tell him the truth"---Theodore Roosevelt)
To: blackdog
“This guy has the goods on Comey, Clinton, Lynch, et,al.”
He is either a fall guy who will be handsomely compensated or he better avoid hot tubs, weight benches etc.
15
posted on
07/20/2016 8:38:44 AM PDT
by
Polynikes
( Hakkaa palle)
To: RummyChick
could someone explain “front running” currency. I am not educated in financial matters that are more complicated than Price to earning ration.
16
posted on
07/20/2016 9:54:52 AM PDT
by
Dick Vomer
(2 Timothy 4:7 deo duce ferro comitante)
To: Dick Vomer
***could someone explain “front running” currency***
Buying a currency that will be more valuable after the trades are posted. These people know in advance how the currencies will be affected by the trades that they post so they buy and sell currencies that will make them a profit.
17
posted on
07/20/2016 10:19:48 AM PDT
by
ResponseAbility
(The truth of liberalism is the stupid can feel smart, the lazy entitled, and the immoral unashamed)
To: RummyChick
Well, maybe they didn’t intend to do anything wrong and Lynch will let them walk.
To: uncitizen
Because Loretta is corrupt?
19
posted on
07/20/2016 12:07:31 PM PDT
by
GOPJ
(Diversity was a byproduct of people coming 'yearning to be free', "diversity" was never THE goal.)
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson