It has been published elsewhere but we must add this HSBC article: An HSBC clerk who attempted to steal £72m while working in the bank’s Canary Wharf headquarters has been sentenced to nine years in prison for conspiracy to defraud and money laundering. Jagmeet Channa had sent €60m (£47.7m) to one of Société […]
It looks like our government is trying to make us think they are doing something about mortgage fraud. More than 400 defendants were charged by federal prosecutors Thursday in connection with alleged mortgage fraud over schemes carried out since March, said to have resulted in about $1 billion in losses. In a probe […]
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 […]
Payments over the Visa and MasterCard networks involve at least five parties. When a cardholder presents a credit card to a merchant for payment, the merchant swipes the card and transmits the information encoded on the magnetic strip on the back of the card to an acquiring bank (or, sometimes, a third party processor). This […]
A look at some of the high-profile corporate scandals of recent years and the status of legal action in each.
QWEST COMMUNICATIONS INTERNATIONAL INC. _ Former Qwest CEO Joseph Nacchio is indicted Tuesday on 42 counts of insider trading accusing him of illegally selling off $101 million in stock. In July, Robin Szeliga, former CFO, pleaded […]
Also sometimes called United Recovery Agency, this agency tries to collect on former predatory accounts of Household International, and acts as a bill collector for HSBC. Consumer reports indicate settlement scams by this company. If you are offered a settlement get it in writing and signed by the company, on company letterhead. […]
“NEW YORK, March 30, 2004 (PRIMEZONE) — The law firms of Kirby
McInerney & Squire, LLP and Levy Angstreich Finney Baldante,
Rubenstein & Coren, P.C. announce that the U.S. District Court for the
Northern District of Illinois has issued an opinion, entered March 30,
2004, sustaining federal Racketeer Influenced and Corrupt
Organizations Act (”RICO”) claims on behalf of a certified […]
Consumer Watchdog Organization HSBC Watch, formally Household Watch, informed news services in the United Kingdom of another article about HSBC’s troubled lender Household International.
The article entitled “Mortgage borrowers file RICO lawsuit” first appeared in the Nashville Tennessean on October 25, 2004. It is found here:
http://www.tennessean.com/local/archives/04/09/60293750.shtml?Element_ID=60293750
It is not the first time Household International […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
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