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Did Loretta Lynch Help HSBC Escape Justice in ‘Drugs and Terror’ Money-Laundering Case?

21st Century Wire says…

As 21WIRE reported previously, Loretta Lynch is the White House’s nominee to replace the outgoing Eric Holder as US Attorney General, but some of her past cases – in terrorism and financial fraud – are coming back to bite her now.

Her record in prosecuting dubious ‘terror’ cases should be scrutinized as they appear to support the FBI’s use of entrapment and torturing of suspects to gain confessions and other self-incriminating ‘intel’, as was the case with Mahdi Hashi.  Lynch also appears to have played a role in validating some questionable information in a letter she wrote which has been used to frame the British-Somalian man and two others on trial in New York, as  ‘chemical weapons experts’ who were ‘building a chemical weapons factory for al Qaeda’.

“The letter, dated September 18, 2013, was written by US Attorney Loretta Lynch. According to Rose and Miller, it confirms the existence of a chemical weapons program by Al-Qaeda, which had been LONG FEARED.” (Source: Translation Exercises)

Of course, the inflated claim by Lynch has been proven to be bogus, and stands as one of the most bombastic terror tall tales we’ve seen to date.

Add to this the case of HSBC and its role in enabling money laundering for some of the globe’s biggest criminal, terror and vice cartels – and Lynch’s involvement in allowing some of the responsible parties to slip through the net of justice.

Breitbart explains: “In December 2012, ABC News’s Brian Ross, Matthew Mosk and Carlos Boettcher reported that HSBC Bank “will avoid a potentially crippling criminal prosecution for its role in moving cash for known terror groups, Mexican drug cartels, and rogue governments such as Iran” because Justice Department officials instead agreed to assess a $2 billion settlement against the bank.”

Lynch, the U.S. Attorney for the Eastern District of New York, is quoted in that article as saying HSBC didn’t act on”numerous red flags and warnings about the money laundering risks.”

Of course, no one from HSBC actually went to prison or faced any criminal charges for the biggest laundering scandal since the BCCI, and this is down to “Lynch’s and others’ efforts.”

More details on this latest development below…

1-Lynch-HSBC-Scandal

Loretta Lynch is Condoleeza Rice With A Law Degree


Bruce-A-DixonBruce A. Dixon

Black Agenda Report

“…you won’t hear Lynch bragging about how many white collar criminals, fraudulent bankster, predatory speculators and greedy CEOs she’s locked up….”

By the late 1950s, America’s rulers knew domestic Jim Crow was a global strategic liability. All but diehard Southern white supremacists could see it was bad for business. It interfered with America’s penetration of the former European colonial empires in Africa and Asia. The image of a settler state, built with stolen labor on stolen land, where lynch mobs and white violence could break out at any time, where blacks were legally under-educated couldn’t compete with the egalitarian rhetoric of the Soviet Union and China. Jim Crow just had to go.

Media and political elites singled out Dr. Martin Luther King as the favored face of what they called the civil rights movement before his 30th birthday. They awarded him the Nobel Peace Prize at the age of 36, but shunned and denounced him in the final year of his life when he condemned not just racism, but economic injustice at home and imperial war abroad. King’s death at only 39 enabled the US elite to construct their own useful tool, the Dreamer, who is the Martin Luther King we mostly hear about today.

In the early 70s, serious enforcement of the Voting Rights Act began, while the US military, elite universities and corporations instituted what came to be known as “affirmative action.” The economic gains ordinary black families made in the the 60s and 70s didn’t last. These were largely curtailed and rolled back beginning in the 80s and 90s.

But the end of legal segregation and the opening of affirmative action had a long term consequence. It integrated America’s corporate, military and political elite. By the turn of the century there were dozens of black admirals and generals, more than ten thousand blacks holding elected office, with many more un-elected officials from the US Secretary of State down to wardens of state and federal prisons, and a layer of black corporate functionaries, academics, celebrities and lawyers. Condoleeza Rice and Colin Powell were part of that layer, as are Susan Rice, Eric Holder, the despicable “Morehouse Man” Jeh Johnson at Homeland Security, and Loretta Lynch, whom President Obama has nominated to replace the first black attorney general, Eric Holder.

Lynch did her undergrad and law school at Harvard. She went from there to the prestigious NY firm Cahill Gordon & Rendall, the folks who represent Bank of America, Merril Lynch, Barclays, Citigroup, Credit Suisse, JP Morgan, Wells Fargo and the like.

Lynch served her first term at the Justice Department co-chairing something called the White Collar Crime Subcommittee. But you never hear Lynch bragging about how many white collar crooks, fraudulent bankster, predatory speculators and greedy CEOs she’s locked up. That’s just not what the Department of Justice does any more, whether under Democrats or Republicans. Hence Loretta Lynch’s expertise in advising and defending the few white collar criminals who got close to seeing the inside of a courtroom made her eminently qualified for DOJ’s “White Collar Crime Subcommittee.”

To be fair, this kind of misrepresentation on the part of elite corporate black lawyers of what they do isn’t unique to Ms. Lynch, it’s pretty typical. Corporate lawyer and current Atlanta mayor Kasim Reed used to bill himself as a “civil rights lawyer,” which was only true in the sense that he was paid to represent corporations in employment law, age discrimination and civil rights cases against, not for those whose rights were violated.

“…When President Obama took office, there was an urgent need for Lynch’s unique talents. …”

Eventually Lynch returned to private practice, this time at Hogan & Hartson again focusing on “commercial litigation, white collar criminal defense and corporate compliance issues”…in other words, keeping corporate criminals out of jail.

Perhaps tiring of keeping people out of prison, Lynch went back to the Justice Department a second time in 2000, this time as Brooklyn NY’s federal district attorney. In this office, Lynch was responsible for carrying out the vicious and racist war on drugs with thousands of vicious and petty drug prosecutions, and for enabling unjust asset forfeitures. After a public outcry Lynch did give the green light to prosecution of NYPD officers in the sodomizing of Abner Louima, but she declined to launch federal investigations into hundreds of other incidents of NYPD’s lawlessness, brutality and murder which occurred on her watch.

Back in private practice by 2003, Loretta Lynch was serving on the board of the Federal Reserve Bank of New York.

In 2005 Lynch served as a prosecutor at the International Criminal Tribunal for Rwanda. There she helped she enforce “victor’s justice” on those who lost the Rwandan civil war, while turning a blind eye to the substantial portion of the 800,000 murders committed by the US backed forces of Rwandan president Paul Kagame, who shot his way to power with an army that included child soldiers, and ignoring the ongoing roles of US supplied Ugandan, Rwandan and other armies in the pillage of the Congo, which had by then taken 5 million lives and counting.

When President Obama took office, there was an urgent need for Lynch’s unique talents. Greedy speculators, banksters and hedge fund sharpies had crashed the US economy in 2007, leading to millions of foreclosures and the most catastrophic loss of black family wealth since the US began measuring it. But banking, insurance and finance had been the incoming administration’s biggest contributors. “White collar crime specialist”Lorretta Lynch answered the call. She came back to Washington to protect the pillagers and perps who made her career, and the Obama administration possible.

She has served them well. In more than one Rolling Stone article, Matt Taibi has described her role in shielding HSBC.

“The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they issued a fine – $1.9 billion, or about five weeks’ profit – but they didn’t extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses…”

Lynch also helped negotiate the DOJ settlement with Citigroup, one of the main entities that packaged and sold fraudulent mortgage securities to clients around the world. She let them off the same way, and guaranteed them immunity in the cases that state attorneys general were pursuing.

“…In his day, Thurgood Marshall defended scores of people accused of capital crimes. This alone would disqualify him from the federal bench nowadays. …”

That’s her specialty, that’s who and what she is. Loretta Lynch is the lawyer who writes the fine print on the “get out of jail free” cards the Justice Department hands out to banksters, speculators and too-big-to-jail CEOs. She’s the vicious federal DA who prosecuted thousands of poor defendants on petty drug charges eacn month, but ignored the official crimes of NYPD excepting a single case that put tens of thousands of New Yorkers in the street.

Lynch sees nothing wrong with the NSA harvesting everyone’s email, phone and other communications, she has no problem with the president ordering the drone murder of US citizens or foreigners, whoever. She’s OK with prosecuting whistle blowers and journalists for “espionage” and she’s not the least but interested in lowering the prison population, curbing asset forfeitures, or restraining and demilitarizing the police…

Continue this story at the Black Agenda Report

READ MORE FINANCIAL NEWS AT: 21st Century Wire Financial Files

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