Netflix’s ‘Dirty Money’ exhibits former HSBC office in New Castle


If you use Netflix, you’ve probably seen previews of the streaming service’s new documentary series by Alex gibney, Dirty money. Like much of what Netflix publishes, it’s highly addicting – and the depths of corporate greed it exposes, along with court records and documents, are staggering. True stories of companies making big profits without considering the suffering they cause real people, often in financial trouble, from predatory payday loans to money laundering to, in its finale, the Trump organization.

Delaware returns more than once; the corrupt pharmaceutical company Valeant is incorporated in Delaware, which is hardly shocking. Some 64 percent of Fortune 500 companies were incorporated in Delaware in 2014, including Facebook (Hi Mark!), Amazon and Disney. We all know that big companies are incorporated here for tax reasons, for the Delaware Chancellery Court and because it seems easier to find loopholes in companies.

HSBC Bank, the subject of Dirty money Episode 4 doesn’t have that particular connection to Delaware. But he had a presence in Delaware, including an office in the Penn Mart Mall in New Castle, which has since closed. (In May 2017, the impending closure of another New Castle HSBC made the news.)

Dirty money look at what was going on in that office, the headquarters of an anti-money laundering division created to comply with an order after a previous case. It exposes practices that contributed to a $ 1.9 billion fine in 2012, including an interview with a whistleblower Everett Stern, a former anti-money laundering compliance officer who dreamed of working for the CIA. Stern ultimately became a key player in the 2012 affair after reporting that digital HSBC documents showing business connections with terrorist organizations and drug cartels were hidden using ridiculously search engine tricks. basic (among others).

The most shocking part is that the HSBC executives who admitted to laundering money for some of the most brutal cartels and organizations in the world were never prosecuted in criminal court and were not personally responsible for any almonds.

There’s a lot more to the episode, and all of the episodes are pretty mind-blowing. Find out on Netflix.


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