ad-free
A marketplace for speech.
82,484 Hours of Speech
help
help
516,432 Transcriptions
add title (free)
add title (free)
407 Sources
add source €0.99
add source €0.99
Search:
Newsbud
Title: Whistleblower Takes On The Dirtiest Bank In The World (Full Interview)
Published: 2017-04-01
Source: https://www.youtube.com/watch?v=eNJoRnnLh7I
Title: Whistleblower Takes On The Dirtiest Bank In The World (Full Interview)
Published: 2017-04-01
Source: https://www.youtube.com/watch?v=eNJoRnnLh7I
1/69
this video was a news but community exclusive only available to our subscribers but due to popular demand and the ongoing campaign against H. S. B. C. news but is making an exception in releasing this exclusive video to the public be sure to share it far and wide hi I'm so bad at whistle blowers are vital for transparency and accountability as we know they often are ignored2/69
discredit it or attack when they come forward with information that their governments consider embarrassing or inconvenient at news but we are determined to give legitimate whistleblowers a voice and a platform to get the truth out today news but is pleased to welcome Nicholas Wilson of Britain who went up against the powerful bank that allegedly cheated half a million people a hostile government and media that only3/69
wanted to look away here is the story and the story of a just you see each SPC is one of the biggest politically best connected and it looks like dirtiest banks in the world in this special edition of news but we're going to take a look behind the curtain at HSBC and talk with Nicholas Wilson British whistleblower was fought not only H. S. B. C. the4/69
British government and the British media for fourteen years to bring it just BC to book for almost two hundred million pounds of fraud they allegedly committed against five hundred thousand British consumers Hong Kong and Shanghai banking corporation thanks to the British Empire while there still was a British Empire now headquartered in the UK and known by its initials each SPC sixth largest bank in the world5/69
with almost a quarter of a million employees over two trillion dollars in assets revenues of sixty billion and a market capitalization one hundred billion pounds making it the second largest company on the London Stock each SPC is the pride and joy of British banking and also it's Shea by its own admission it's done a lot of bad things and according to whistleblowers like Nicholas Wilson it's6/69
done a lot more bad things and it refuses admit Switzerland HSBC's private banking division allegedly used Swiss banking secrecy laws to hide illicit money on behalf of individuals and governments were evading taxes evading sanctions were engaged corruption a whistleblower at a just peace Switzerland urbay fault Yami Stratton and released thousand files on one hundred thousand clients truly one hundred billion dollars in funds in the United7/69
States HSBC was implicated in bass of money laundering by Mexican drug cartels twenty twelve each SPC got away with the sweetheart deal from Eric holder the department of justice a one point nine billion dollar fine from lax controls no criminal charges against the bank were individuals and Richard Ross Remus older overrode his own prosecutors one of the guilty plea from the bank based on pretty unambiguous8/69
evidence that each SPC executives actively connived to evade customer venting requirements so they could longer at least eight hundred million dollars in cartel drug money John crews whistleblower in this case alleges that HSBC backers clone thousands of accounts in the names of legitimate customers kept them open for a few hours so they could funnel money through the bank where elevating U. S. government reporting require HSBC9/69
North America was saved from criminal prosecution or worse like a genuinely bass of finer even getting shot down by the intervention of the British government George Osborne UK treasury secretary wrote a letter to Ben Bernanke stating that each SPC was too big to fail when it got to Eric holder it turned into each SPC too big to jail it is alleged but not proven that prime10/69
minister at the time David Cameron glued to the US to personally lobby Barack Obama on behalf of HSBC HSBC was in the news again in a bad way on March twentieth organized crime and corruption reporting project revealed that each SPC had been the destination five hundred million dollars of ill gotten gains extracted from Russia great massive scam known as a laundromat in the UK each SPC11/69
used its government connections and influence in the media to evade criminal regulatory and financial consequences for its misdeeds and to squelch the efforts of Nicholas Wilson to bring these misdeeds a light Wilson lost his job peace of mind it almost lost his house in a thirteen year fight to get HSBC to own up to what he believes are hundreds of millions of pounds improper charges sewers12/69
on past due credit card balances charges that HSBC newer improper but continued to collect HSBC was one of Britain's main providers of consumer credit towards household finance subsidiary and two credit cards issued in the names of some of Britain's biggest retailers such as John Lewis Dixon's curries PC world B. and Q. for a period of almost eight years HSBC have a contract with its debt recovery13/69
solicitors to compensate themselves by simply adding an improper additional fee steam point four percent on past due balance Nicholas Wilson who worked for one of those solicitors knew it was wrong and he did something he blew the whistle repeatedly thirteen years without success until now Mister Wilson is with us today to give us an inside look on how HSBC operates on his home turf in the14/69
UK first Mister Wilson could you give us an idea of HSBC's reach into the British government judging by the George Osborne letter to Ben Bernanke the relationship must be pretty close how are calmer and has a long long family connection with HSBC his great great grandfather beginning of the Los entry who's the head of HSBC in the UK when they were when they were established in15/69
Hong Kong %HESITATION armed in the twenty ten the office of fair trading him which was the regulate shrink all the arm or on consumer credit markets they made an order comes back to stop adding to challenges with John Coltrane I'm but not a lot happened in November twenty times the same time Cameron decided to might well the head of the bank's Stephen great into law another16/69
I'm bring him into government right minister so the other shield was buried away in a press release why would you sort might be picked up already had rule and they just BC boss into the government I'm buried this this order which was a a guide by arm as you pointed out all's bone a paraplegic also born on the farm muscles services authority which is the predecessor17/69
to all and I'll find out conduct authority we're pleading with the department of justice I'm not prosecuted against BC and twenty holding one that when twenty twelve one o'clock at different prosecution agreement was was setup I'm right they were terrified of love I just be seen losing its loss I'm about reason I'm having such trouble ahead because a you know need a Mexican drug cartels all18/69
Swiss never talked invasion of some long bouts to British people Russell sure mixing Celtic but what I'm talking about up and in the British High Street so it will be very bad news for about three marine laced but book more significantly I think I'm a night just BC directorate summary Cuyamaca Madeline's I'm here is to be the head of them are part is now an HSBC19/69
directly resource center directive a company called all data centers Clyde date services to our secret services I'm I five MI six GCHQ the ministry of defense ministry of justice basically every major government department anyplace cloud data services Sir John Adams lake just be seen probably one of the men of my wrist availability of people's private data and in the UK well when you get older it's20/69
also David Cameron appointed and I just BC directed the had the BBC she still is the head of the previous use in the check out of the previous you trust which is the proposition and the baby see when he appointed her in twenty fourteen at the same time that you start to the bigger seem very quietly hammering made John although that wins the war so he21/69
brought them in him into the government as well is another little girl John green who Houston yesterday that the chatter of HSBC private bank it also sits on the logs committee up the overseas the security services so again there's a connection with HSBC in the security services and when you curry well I like all the finger in and we government organization Britain you uncovered one of22/69
the most striking examples of British government ties to each SPC the selection of own affair had as chair of the BBC trust state run the British broadcasting corporation fair had been the head of the HSBC audit committee at the time of the massive tax evasion scheme revealed by Swiss leaks in her life out Yanni and I'm guessing she needed shifting to a job that was outside23/69
of HPC but also keeper well paid and happy Mister Wilson or tell us how run affair had got her job and what happened to the B. B. C. after she took over well she she didn't give up her job and it just BC I'm I'm incidentally she was actually they had a little later risk committee in the United States at the time of the Mexican drug24/69
cartel money laundering she was the head of the risk had to risk management when they were when they were fined two one point nine billion dollars so but what happened was that normally through government procure almonds the procurement walls the the appointment off of the chair of the trusted her baby signalman for government procurement so I have to talk to us and there's a government website25/69
well great upsides gulps from government well in this case do all we what led led the department culture media and sport because the baby say the head of the biggest is a government appointee basically Cameron well they just let invited some apparently although I've never seen a group of this but they told me that they invited eight come eight firms to tender for the work but26/69
within ten days of the invitation to tender they hot sifted all it only offers out and they had fulfilled a contract the contract is dated on a bank holiday I was on the on a Saturday the bank holiday weekend so no nobody works at that time so within ten days they how to finalize the whole contract in the contract went to company called Saxton bomb filed27/69
where they added the baby see that the director general of previously so the whole his wife Cynthia hole is a popular sucks them bomb plot and they paid him thirty six thousand pounds to apparently Rick recruit dread a fat head which is the maximum price awarded under the tender documents arm but the whole thing was a setup it was at lunch since run affair hadn't started28/69
the BBC there's been messing no reporting a toll of HSBC crimes I've done I've been documenting it on my website all the major incidents around the world are not reported by the BBC and they even lie about headlines that do involve HSBC for example I was a the psalmist is our biggest selling tabloid newspaper along one day on the front page of the sun there was29/69
a story about an HSBC training day when I just BC stall dressed up as terrorists I'm pretended to be head of a nation colleague Larry debate analysis execution but that that the person being executed was an Asian collie and it was on the front page of that of all the sun but that BBC news report which where they reviewed the daily papers separately from page story30/69
the song was about Sunday shopping but we're actually you know give misinformation about what about but stories about ages speech and it still goes on she's now resigned from from the board of HSBC but you still ahead of the BBC in there still are in this thing you mentioned the %HESITATION in the news yes that the Russian drug money laundering there's been virtually nothing on the31/69
baby see website about it the BBC is not the only British media outlet that felt the heavy hand of HSBC or Peter O. born resigned from the British paper the telegraph with a public letter describing how the telegraph it spiked about half a dozen negative stories on HSBC including one developed by its own investigative team over three months because HSBC was quote the advertising you literally32/69
cannot afford to offend Mister Wilson experience the regulatory and media reach of HSBC first hand as he struggled to bring the HSBC over charge issue to the public's attention a Mister Wilson could you %HESITATION go into the details of a how you blew the whistle on the on the over charges and what happened to you in the regulatory arena well yeah another reason I work reforms33/69
listings which is how I knew about these this illegal challenging and I told the bank two thousand three the what they were doing was illegal and then I reported my for them to this list is regulation authority what held my complaint and agreed that the charges were illegal but they took no action they said on how did a small number of cases I then reported it34/69
to the at home asks and is it was there in the financial services authority like you'll actually see and then yeah I did nothing and then they became the FCA the financial conduct authority so I did a freedom of information act requests to arm the fine arts conduct of sorting all skin them what action they take in other reply they sent me was the copy and35/69
paste all a text that I just BC have also sent to a third party into whose %HESITATION Joe Benjamin who's a fun not to complain so I call them out but basically yes the guy on the eight years we see were colluding together to also my freedom of information act request which you know is that is that is a whole will request under an act of36/69
parliament of our latest large they said that they wouldn't talk about these challenges in the office of fair trading will actually said exactly the opposite you must not out please tell until you change your terms and conditions Sir I complain against the I or the FCRA %HESITATION it went to the complaints commissioner he'll hold my complaint lately admitted that they'd like cold an error of judgement37/69
it's collusion there was an error of judgement %HESITATION no malice was intended %HESITATION I apologize lightning compensation and agreed to reopen the investigation I'm we'll talk later about the results and a new investigation I'm Mister Wilson was your whistle blowing motivated by financial gain or the desire to avoid prosecution and one is your website called Mr ethical right well if we was motivated by products you38/69
goodnight mild spectacularly because I've I've lost everything I'm as you as I think you've mentioned I nearly lost my house earlier this year I like being unemployed basically since out our socked whistleblowing are basically being unemployed ever since I'm I'm cool Mister ethical because when I was working at this for them a solicitous arm I used to complain about cultural refused to do the work and39/69
they referred to me as Mr unethical well I have this ongoing dispute with them about about the illegal contra so I was dealt Mister who bought them so I kept the name it's C. stung Meanchey wearing %HESITATION but under the I I called prosecuted I haven't done anything illegal well lets the problem we're in a way that they call I mean that I would love them40/69
to sue me I would love a public forum where Willie's fox could come out because they also damaging to everybody involved government regulators by the banking system I bet they wouldn't if the strike isn't but they wouldn't pass through me well done nothing illegal when whistleblowing cost Wilson his job in the government ignored him Wilson tried to take his story to the press and what happened41/69
then Mister Wilson right well but we basically I mean journalists in good faith very many journalists taken an interest in the story but it's always been spiked by or the additives I'm I'm I'm newspaper and television channels as well Sir I've heard stories investigating that sparked by well I've always Sunday times a baby sea upon our our BBC news Nye channel four news %HESITATION the list42/69
is endless but blue I I think one of the worst examples close the Sunday times we're looking into this that their home affairs correspondent Tom hawk who was looking into this before the election when David Cameron was reelected in twenty fifty I want the story would have been very damaging for cover because it involved it discussed his cock is cover ups of the time of Stephen43/69
green %HESITATION but let us at the time that he was investigating these jurors was investigating the editor of the times to Camilla commendation out a meeting at Cameron's comments country residence checkers I thought the story was spike the day before it was due for publication with no explanation given to me what so ever it was just a withdrawal two months later with the now Camilla Cavendish44/69
was working at number ten Downing Street and me and Leon policy policy office of David Cameron I am in Calgary resigned and recently any guy her parrot she's now Baron establish but so that she she Barrett this story which would have ruined calmer I'm heat elevated her within a year she was made to Paris that's what's going on in the UK that's the extent of corruption45/69
well apparently in January of this year there was a happy ending HSBC voluntarily agreed to pay four million pounds and redress for the %HESITATION improper charges so Nicolas Wilson's whistleblowing was publicly vindicated this the end of the story Mister Wilson no I have it was nice to see how much story vindicated because I've been insulted and colder conspiracy theorist for years and years and years but46/69
most of the insult of come from journalists are I hasten to our exactly yeah I'm cool cost media journalists I've been accused the unix centric all lasted buying up all at you name it up in cold everything so it was nice to have vindicated but the problem is that some of the cover up live the true figure for redress they've agreed to pay four million and47/69
redress the true figure according to evidence which I have recently presented to the SCA onto the serious fraud office onto the solicit regulation authority the truth that it within the parent they discussing two thousand three to two thousand nine my evidence shows over two hundred million pounds in illegal charges were out the two accounts now they won't all have been paid but I estimate probably forty48/69
fifty percent with being paid so the true figure for redress is probably more like eighty to a hundred million pounds but I present this evidence which is irrefutable the fact is the SR I on the FCA on the SFO good Ole hot hot access to this information which which was sent to me anonymously I have aids it but it's a huge thank you place county court49/69
judgments throughout the period we're discussing Sir it's public record information which proves what the figures that I'm talking about so I'm sitting waiting for them to want to gag re investigated and come up with the mall on the stump so Wilson has documentation provided by a sympathetic source of court judgments against over one hundred thousand H. ISP customers who couldn't pay their bills and were taken50/69
to court by HSBC solicitors judgments in the court cases Wilson has access to represent improper collection fees approximately thirty million pounds in other words the British government's own court records document judgments reflecting thirty million pounds and improper fees why then did the British government let each SPC off the hook for just four million pounds I have reported the FCA to the serious fraud office because I51/69
believe again there was this collusion I I think the problem is the problem that much this government I'm HPC out is the different prosecution agreement in this place because it's a probationary orders that for five years would have to be on best behavior now if this came out during the period of the pie it's quite possible HSBC could lose their license in the United States and52/69
if you if you remember the that all along I'm the FCA pleaded with American not prosecute what chance is there that they're going to prosecute ideas P. C. in its own country %HESITATION a fraud on the High Street I mean you know hall for the all things very well known British schools were involved in this John Lewis Dixon's curry's PC world furniture village here's strong's of53/69
of the High Street stores and you kind were involved I'm saying it would it that look the PLP disasters from so the government and the media we know there is a I'm not saying conspiracy it's a mindset look but I do not recall this because it's too damaging or I just basing what's more based on Wilson's calculations the court judgments is just the tip of the54/69
iceberg as a rule only one in five customers in arrears were taken to court which means they're probably another four hundred thousand British customers who were in arrears of their accounts were not taken to court but were pursued by HSBC solicitors and assessed improper fees Wilson estimate that the total improper fees assessed we're close to two hundred million pounds not all of these charges would been55/69
paid by consumers but Wilson estimates eighty to a hundred million pounds were paid and should be refunded this is redress that HSBC is not interested in paying let alone interest let alone any penalties that might be assessed for continuing the practice for six years after Wilson told HSBC the charges were wrong many of the claims are small many of the claims are pork and voiceless each56/69
SPC is rich and powerful and a national asset HSBC is apparently hoping to minimize awareness of its liabilities for the improper fees with the help of the British government and media drag this affair out for a few more years until the little kids pass on rooms hope Mister Wilson does the policy of delay have anything to do with what the United States we call a statute57/69
of limitations that that the offensive not prosecuted within a certain period of time becomes moot yes in the U. K. that that structure limitations is six years arms I just briefly appeared relying on our our cutlet I kept this hidden %HESITATION and denied it for so long and recently out of felt woman to reclaim charges she's you know that about three and a half thousand pounds