NEW YORK – A former HSBC Bank USA vice president pleaded guilty on Friday in Manhattan federal court to a conspiracy charge over his role in a $30 million telemarketing fraud targeting low-income people with poor credit histories, U.S. Attorney Michael Garcia said.

Raymond Payne, a 35-year-old Brooklyn, New York resident, admitted to one count of conspiracy to commit wire fraud and mail fraud for helping a Montreal, Canada ‘boiler room’ operation defraud 100,000 U.S. residents, Garcia said.

Payne’s lawyer and HSBC Bank USA did not immediately return calls seeking comment.

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